The CFA Institute has announced the results of the December 2010 sitting of its Chartered Financial Analyst (CFA) Program Level I exam. Of the 46,644 people who took the exam, 36% passed.
In Canada, 3,427 wrote the exam, up 5% from 2009. That places Canada behind only United States (10,887), India (5,812), Mainland China (5,646), the United Kingdom (3,488) in numbers of candidates sitting the exam.
“The number of candidates who registered for the CFA exam in calendar year 2010 (June and December exams combined) increased to 204,688, demonstrating that the CFA designation continues to attract individuals who want to enhance their knowledge and skills to succeed in today’s competitive world of investing and finance,” said John Rogers, CFA, president and CEO of CFA Institute.
To earn the CFA designation, candidates must pass all three levels of exam; 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.