Administered by CFA Institute, the Chartered Financial Analyst® (CFA®) Program is a graduate-level, self-study curriculum and examination program for investment specialists.
Established in 1962, the CFA Program sets the global standard for investment knowledge, standards, and ethics. Earning the credential can serve as a passport to entry or advancement within the investment profession around the world. The designation tells clients, employers, and colleagues that the charterholder has mastered a rigorous curriculum covering a broad range of investment topics and that he or she is committed to the highest ethical standards in the profession.
Our society encourages its members to earn the CFA charter and supports candidates by sponsoring CFA exam study groups and other programs. Many of our members hold the esteemed CFA designation.
June 2010 Level I and II Exam Pass Rates
Level I: 42%
Level II: 39%
Level III exam results will be available in mid-August.
2009 Exam Results
By region, the December pass rates for the Level I exam are:
- The Americas: 34 percent of the 14,717 total exam candidates
- Europe, Middle East, and Africa: 34 percent of the 9,457 total exam candidates
- Asia and Pacific Asia: 34 percent of the 20,035 total exam candidates
The December exam was offered at 92 test centers in 55 cities in 31 countries worldwide.
Tom Robinson, CFA, managing director of Education at CFA Institute, said, “The CFA Program is subject to an ongoing and annual review by market experts to ensure we address the developing nature and complexities of financial markets. This is reflected in the breadth and depth of the CFA Program’s Candidate Body of Knowledge (CBOK). Completing this qualification and earning the CFA charter is unique in investment management and recognized by fellow professionals, employers, and many regulators around the world.”