This study aims to assess competency-based learning outcome of the students completing full cycle of primary education from BRAC schools respectively in 2000 and 2001. These students are the second and third batches of children completing full cycle of primary education from BRAC schools. In addition to overall estimates for the graduates of the years 2000 and 2001, sex-wise analyses were done. The findings of this study clearly show that over eight percent of the students of BRAC schools attained all the 27 cognitive competencies tested. Again, on average the students of each cohort attained 66 percent of the competencies (18 out of 27). Such consistent results indicate some sort of validity of the test instrument and reliability in the findings. Again, the findings confirm that a majority of the students of BRAC schools do not attain all the competencies.