Thirty-eight percent candidates worldwide pass Level I CFA Exam

Updated on: Saturday, January 28, 2012

Thirty-eight percent of the 49,380 financial professionals that sat for the Chartered Financial Analyst (CFA) Programme Level I exam in December 2011 have passed.

The December 2011 Level I exam was given at 95 test centers in 67 cities worldwide. Countries and territories with the largest number of candidates that took the Level I CFA exam last December are the United States (11,514), Mainland China (6,638), India (5,135), Canada (3,648), the United Kingdom (3,691), Hong Kong (2,826), Singapore (1,865), and South Africa (1,040).

The investment profession continues to be deeply affected by the fallout from the 2008 global financial crisis and in such times, the value of truly relevant professional education and credentials comes to the fore. The CFA designation is a mark of distinction that is globally recognized by employers, investment professionals, and investors as the definitive standard by which to measure serious investment professionals. These successful candidates have shown their commitment to the highest standards of excellence, rigor, and relevance in financial education and I congratulate them on their achievement in passing Level I, said John Rogers, CFA, president and CEO of CFA Institute.

To earn the CFA designation, candidates must pass all three exam levels (successful candidates often report dedicating in excess of 300 hours of study per level); meet the work experience requirements of four years in the investment industry; sign a commitment to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct; apply to a CFA Institute society; and become a member of CFA Institute.

Times of India

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