CFA Institute Says Record Number to Take Exams This Weekend
(Bloomberg) — A record 250,000 people are registered to take this weekend’s Chartered Financial Analyst exams.
Fewer than one in five candidates passes the three-level test, which is popular among bankers seeking new jobs or higher salaries. Successful candidates study an average of 300 hours for each exam, and usually complete all three within four years, according to the CFA Institute.
This year, there were 10 additions made to the exam’s 9,000-page curriculum, including readings on ethics in financial technology, professionalism in investment management and machine learning.
Last year, almost 50,000 people who registered for the exam didn’t end up taking it. The first level of the test is proctored in December and June, while the the final two parts are administered only in June.