CFA Institute announced today that 43 percent of 115,027 current and aspiring investment professionals worldwide passed the June 2011 CFA exams, bringing them one step closer to earning the CFA designation, a mark of distinction that is globally recognized by employers, investment professionals, and investors as the definitive standard by which to measure serious investment professionals.
To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be among the most rigorous in the investment profession. The 2011 exams were given at 266 test centers in 189 cities worldwide. In the Philippines, there were 309 candidates taking the June 2011 exams.
The Level I global pass rate was 39 percent (48,068 took the exam, up from 46,863 in June 2010) and the Level II global pass rate was 43 percent (44,175 took the exam, up from 43,406 in 2010). Of the 22,784 individuals (up from 21,462 in 2010) who in June 2011 took the third and final exam that leads to the prestigious CFA designation, 51 percent passed. CFA Institute expects that the majority of
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