43 per cent of CFA exam participants have passed
The Chartered Financial Analyst (CFA) Institute has reported that 43 per cent of the 68,086 candidates who took the CFA Level one exam in December 2017 have passed.
The successful candidates now progress to the level two exam, the second of three steps toward earning the respected investment management credential of CFA charter.
CFA president and chief executive officer of the CFA Institute, Paul Smith, congratulated the successful Level one candidates, and said the “CFA Institute is committed to raising professionalism in the investment management industry, and the CFA Program lays a solid foundation by instilling the highest standards of ethics, education and professional excellence in candidates worldwide.”
Candidates for the Level one exam last year increased by 14 per cent on the previous year, with 76 cities across 40 countries and territories administering the test.
Mainland China had the largest number of candidates, followed by the United States, India, Canada and the United Kingdom. Australia had the sixth largest number of candidates, with 3,347 local participants.
41 per cent of women accounted for candidate registrations in the Asia Pacific region, while 35 per cent accounted globally.
AUTHOR
Anastasia Santoreneos
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
