• 12 Aug 2014 at 10:54 AM

CFA Institute Shatters Fewer Dreams Than Usual In 2014

To be sure, it shattered a lot of dreams. Dreams whose seeds were planted, for some, as far back as the early nineties, when the Institute was formed. On visits to the hallowed halls of CFA headquarters. In conference rooms, where colleagues discussed the merits of MBA versus CFA. Upon receiving an email from a friend who’d just updated his signature to include those three little letters and a note to “please see my updated credentials,” when the urge to vomit was strong, but was no match for the realization, “I want that.”

On June 7, 2014, those dreams were still just that: a dream. Today, for a record number of dreamers, they are a reality.

The pass rate for the Chartered Financial Analyst exam’s third and final level rose to the highest since 2006. Fifty-four percent of applicants succeeded, the CFA Institute said in a statement today, up from 49 percent on the June 2013 exam. Passage was the highest since 2006, when 76 percent of candidates made it. The average pass rate from 2004 to 2013 was 54 percent, institute data show. Rates fell as the financial crisis spurred more people to seek the designation amid mounting competition for jobs on Wall Street.

CFA Exam Results [CFAI]
CFA Pass Rate on Level 3 Jumps to 54%, Highest Since 2006 [Bloomberg]

Earlier: Let’s Have A Chat About: CFA Exam-Eve Freak Out Levels

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Comments (6)

  1. Posted by Hobbes | August 12, 2014 at 11:16 AM

    I'm pretty thrilled to say that I passed the Level 3 exam, now for that 48 months of work experience…

    - CFA candidate/charterholder limbo quant

  2. Posted by guest | August 12, 2014 at 11:18 AM

    will you be attending CFA camp???

  3. Posted by QuantumChannel | August 12, 2014 at 11:44 AM

    Already drinking
    - Level 3 passer

  4. Posted by Mitch | August 12, 2014 at 11:47 AM

    Now I can officially guarantee superior performance.

  5. Posted by Jesse Pinkman, CFA | August 12, 2014 at 12:30 PM

    I see they're giving away the designation to just about everybody these days…

    - Class of 2013

  6. Posted by SellTheBorrow | August 12, 2014 at 3:50 PM

    You cant charter someone to be a prolific value adder
    - Level III 55%er