We highly encourage candidates who do not pass to use their personal exam result information to guide their studies for the next time. You may opt to get a retabulation, but it comes with an expense and is unlikely to change your “did not pass” to a “pass.” Find your weak areas, and work on those. Then, re-take the exam at a later date. There is no limit to the number of times you can take each exam. The CFA Institute also allows candidates to take as much time as necessary to complete all three levels of the program.