37% of 48,981 Investment Professionals Worldwide Pass Level I CFA Exam
Record numbers of candidates take Level I CFA exam in 2012 as industry seek to raise standards and restore trust
Mumbai, 24 January 2013
In an environment of overwhelming lack of trust in finance, CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials, reports that 37% of the 48,981 candidates that took the Chartered Financial Analyst (CFA) Level I exam in December have passed and taken the first step to joining the next generation of highly educated and ethical investment professionals. In 2012 a record number of candidates sat for Level I of the CFA Program, a globally recognized, graduate level curriculum that links theory and practice with real-world investment analysis, and emphasizes the highest ethical and professional standards.
The dedication shown by investment professionals taking the CFA Program demonstrates a strong desire to build a more trustworthy industry and develop a culture where ethical practice is just as important as investment performance. According to the CFA Institute 2013 Global Market Sentiment Survey, CFA Institute members think the profession must encourage a culture of ethics and integrity inside financial firms, which can be fostered through adherence to codes and standards like the CFA Institute Code of Ethics and Standards of Professional Conduct, followed by all CFA charterholders.
“Although major equity markets have rebounded since their 2009 lows, public confidence in the financial industry remains at a very low level,” said John Rogers, CFA, president and CEO of CFA Institute. “As the leading body of investment professionals with more than 110,000 members worldwide, CFA Institute drives the industry toward higher levels of financial expertise and ethical standards. Today’s successful candidates are one step closer to earning the CFA designation, which, after 50 years, remains the gold standard in education for investment professionals emphasizing the highest ethical and professional standards.”
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 CFA Program curriculum is firmly grounded in the knowledge and skills required every day in the investment profession and covers ethical and professional standards, securities analysis and valuation, international financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement. Level I exams are offered in both June and December and Levels II and III are offered only in June. It takes most candidates more than three years to complete the CFA Program, and requires dedication and determination.
The December 2012 Level I exam was administered in 95 test centers in 67 cities across 38 countries worldwide. Examples of countries and territories with the largest number of candidates that took the Level I CFA exam last December are the United States (11,164), Mainland China (7,636), India (5,173), Canada (3,726), the United Kingdom (3,476), Hong Kong (2,468), Singapore (1,553), and South Africa (1,107).
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 113,000 members in 137 countries and territories, including 105,000 CFA charterholders, and 138 member societies.
For more information, visit www.cfainstitute.org.
Media Contacts:
Pallavi Rao
Ogilvy Public Relations
Email: pallavi.rao@ogilvy.com
Rujuta Kothari
Ogilvy Public Relations
Email: rujuta.kothari@ogilvy.com
Waiver of the CFA Program enrollment fee worth up to US$530!
CFA Institute, USA is offering five waivers of the CFA Program Level I exam enrollment fee. This is worth $530 (almost Rs. 28,200).
Please check the details here:
http://www.magnetmail.net/Actions/su...n_form_cfa.cfm
CFA Study Group in Your City
CFA Candidates often say that the main obstacle when they prepare for the exam is the lack of motivation. What motivates us? Meeting people who study for the exam just like you – that’s for sure. Join or form a real study group here to enhance your motivation:
http://www.meetup.com/soleadea/
3 advantages of using Meetup:
- If you go to this site, you will immediately find information about study groups in the vicinity of your city.
- You can easily search for study groups in any city using the search box.
- You can establish a study group in the blink of an eye – it’s that easy!
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Free online webinars on : CFA & FRM
Hi all, we at EduPristine are going to organize a webinar on CFA Introduction on 24th of Feb;
You are invited if you have any query or doubt :confused: regarding CFA & FRM.
In this webinar we will provide a brief description about :
What is CFA;
Benefits of doing CFA;
Future scope after CFA;
etc.
To select any other topic mail us at : shailja@eneev.com
Regards;
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SOme Use Ful tips to improve your CFA exam score marks.
Improve your CFA Exam Score for give a some useful tips here
1. READ THE F&%$ING QUESTION! (RTFQ)
2. Don’t cram the Friday before the test
3. Study with a friend
4. Don’t assume you already know anything
5. Calculate every number you can on the exam
6. Buy or make a flash card set and memorize equations
7. Simulate exam day for a few weeks before the test
8. Take a practice exam at least a month before the exam
9. Take your time
10. Be prepared
