12,000+ people passed CFA Exam III in June 2006

[DW Simpson]

http://www.cfainstitute.org/aboutus/press/release/06releases/20060816_01.html

Percent of 63,249 Candidates Worldwide Passed June 2006 Exams for Investment Industry's Highly Regarded CFA Program

A Record 12,314 Who Passed Third and Final Exam Will Soon Join More Than 69,600 Charterholders

CHARLOTTESVILLE, Va., August 16, 2006 – CFA Institute today announced that 52 percent of the 63,249 candidates worldwide in the rigorous Chartered Financial Analyst® (CFA®) program passed the exams they took in June.

To earn the CFA charter, described by many to be the “gold standard” for investment professionals, candidates must sequentially pass three six-hour exams that are widely considered to be among the most challenging in the investment profession. Of the 16,283 individuals who in June 2006 took the third and final exam that leads to the prestigious CFA designation, 12,314 (76 percent) passed.

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[Anonymouse]

http://www.cfainstitute.org/aboutus/press/release/09releases/20090818_01.html

Charlottesville, Va., August 18, 2009 – CFA Institute announced today that 45 percent of 104,111 current and aspiring investment professionals worldwide passed the June 2009 CFA exams, bringing them one step closer to earning the distinguished CFA charter. (Listen to CFA charterholders share their perspective about the value of the CFA charter.)

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 2009 exams were given at 256 test centers in 182 cities worldwide.

The Level I global pass rate was 46 percent (45,682 took the exam, up from 44,063 in 2008) and the Level II global pass rate was 41 percent (38,993 took the exam, up from 33,449 in 2008). Of the 19,436 (up from 14,569 in 2008) individuals who in June 2009 took the third and final exam that leads to the prestigious CFA designation, 49 percent passed (view historical pass rates [PDF]). CFA Institute expects that the majority of those candidates who passed the Level III exam will become CFA charterholders later this year, bringing the number of charterholders worldwide to nearly 90,000.

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