More than 22,000 professionals worldwide pass CFA Level 1

Almost half (43%) of the 52,315 candidates that took the CFA Level I exam in December 2015 have passed. Canada represents the fourth largest group to write the exam, behind the U.S., China, and India.

The December 2015 exam saw a record number of Level I candidates tested, an increase of 11% from the previous year. (View historic pass rates)

“We are committed to developing future professionals with the necessary technical skills, knowledge, and ethics and with a clear understanding of their role in society,” says Paul Smith, CFA, president and CEO of CFA Institute.

To earn the CFA designation, candidates must pass all three levels of exam (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.

The December 2015 Level I exam was administered in 102 test centers in 71 cities across 40 countries worldwide.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.