FYI: Thousands of people around the world are hoping they have what it takes to be a chartered financial analyst. Could you be one of them?
Many of the record 250,000 candidates who sat for the three exams required to become a chartered financial analyst back in June are set to get their results in August. In total, 11% more people took the CFA exams in 2019 than during previous year.
Those who managed to pass the three exams offered by the U.S.-based CFA Institute will receive the professional credential. The exams cover a broad range of subject matter — topics include accounting, professional ethics, securities analysis and money management.
Very few people have completed all three exams. Between 1963 and 2016, over 1.3 million candidates had sat for the Level I exam, while just over 209,000 managed to pass the final Level III exam, according to Investopedia.
The CFA credential is highly sought-after in the investment world. The designation can exempt charter-holders from needing to take other exams required to work with institutions such as the New York Stock Exchange and Taiwan’s Financial Supervisory Commission.
The CFA Institute manages the charter and the necessary exams to receive it. The organization’s mission is: “It is only through transparent, ethical, and truly accountable service that finance contributes to the ultimate benefit of society.”
The exams are offered two times a year: All three levels are available in June, while the Level I exam is also presented in December. Fewer than half of those who take the tests pass. In 2017, a record 47% of test-takers passed the Level II exam, according to Business Insider.
Regards,
Ted
https://www.marketwatch.com/story/think-youve-got-the-smarts-to-be-a-financial-analyst-take-this-quiz-to-find-out-2019-06-15/print
