CFA Program 2014 Pass Rates Released – 46% overall

46% of candidates enrolled in CFA examinations this year passed the exam. Globally this equated to 54,768 candidates. (View historical pass rates).

54% of Level III candidates were successful. Pending experience and membership requirements, these successful candidates will become CFA charterholders starting in early October, bringing the number of charterholders worldwide to more than 125,000.

There are over 2,000 charterholders in Australia, most of whom are members of one of three societies within Australia, located in Sydney, Melbourne and Perth.

“The CFA charter is a commitment to uphold the highest standards of ethics, education and professional integrity.  Together charterholders join the CFA Institute effort to create an environment where investors’ interests come first, markets function at their best, and economies grow,” said Richard Brandweiner, CFA, President of CFA Society of Sydney.

“It is this foundation in ethics and education that we believe should be a benchmark for professionals working in the finance industry,” said Mr Brandweiner.

The CFA Program is a self-study program, considered to be the most rigorous credentialing program in the investment industry.   It is organised into three levels, each culminating in a six-hour exam. To earn the CFA charter, candidates must sequentially pass all three levels and they must also have four years of qualifying investment work experience.  Candidates must also commit to upholding the CFA Institute’s long-established Code of Ethics and Standards of Professional Conduct and renew this commitment annually.

About CFA Societies Australia

The CFA Societies of Sydney, Melbourne and Perth are not-for-profit associations of over 2,000 investment professionals formed to lead the investment profession in Australia by setting the highest standards of education, integrity and professional excellence. Our members are engaged in a wide variety of roles across investment management and advice. Most of our members are holders of the Chartered Financial Analyst (CFA) designation.  Together we represent the three Australian chapters of CFA Institute. For more information, visit http://www.cfa-australia.com.au.

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 behaviour 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 122,000 members in 145 countries and territories, including 116,000 charterholders, and 144 member societies. For more information, visit www.cfainstitute.org.