More than 10,000 Canadians wrote the June CFA Institute exam, up from 9,514 last year. Further, Canadians represented the fourth largest group, following the U.S. (30,040), China (16,010) and India (10,975).
And 43% of those who took the exams worldwide passed.
Of 24,754 Level III candidates, 52% passed the third and final exam. CFA Institute expects the majority of these candidates will become CFA charterholders by early. This brings the number of charterholders worldwide to more than 105,000.
“Every successful candidate and new CFA charterholder we honour today has shown an active personal commitment to restore ethics and integrity in finance,” says John Rogers, CFA, president and CEO of CFA Institute.
To earn the CFA charter, candidates must sequentially pass three, six-hour exams. The curriculum includes ethical and professional standards; financial reporting and analysis; corporate finance; economics; quantitative methods; equity, fixed income, alternative investments; derivatives; portfolio management; and wealth planning.