Last updated: 20:43 / Wednesday, 29 August 2018
Charterholders in October

Close to 20,000 Candidates Pass Level III CFA Program Exam

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Close to 20,000 Candidates Pass Level III CFA Program Exam
  • They will join more than 154,000 charterholders around the globe
  • Of 79,507 candidates who sat for the Level I exam in June, 43 percent were successful
  • Of 64,216 candidates who took the Level II exam, the pass rate was 45 percent

CFA Institute, the global association of investment management professionals, announced that of 35,518 candidates who sat for the Level III CFA Program exam in June, 56 percent have passed, completing their final CFA Program exam. Successful Level III candidates will become CFA charterholders starting in early October, pending verification of professional experience and other membership requirements. They will join more than 154,000 charterholders around the globe who have earned the CFA designation and lead the investment industry by promoting the highest standards of professionalism to build a better world for investors.

Level I and II candidates received their results on August 14th. Of 79,507 candidates who sat for the Level I exam in June, 43 percent were successful and of 64,216 candidates who took the Level II exam, the pass rate was 45 percent. These candidates will continue on their journey to becoming CFA charterholders.

“Congratulations to all candidates who passed their June exam and those who will soon be awarded the CFA charter,” said Stephen M. Horan, CFA, CIPM, managing director of credentialing at CFA Institute. “Successfully completing all three levels of the CFA Program is an outstanding accomplishment, setting the foundation for a career-long journey of professional learning. As we strive to build a better world for investors, our incoming charterholders are joining a global community of highly motivated individuals committed to putting investors interests ahead of their own, and creating a profession that serves society’s need for a well-functioning investment management industry built on trust.”

The total number of candidates who sat for a CFA Program exam in June grew 18 percent globally year-over-year, with a 25 percent increase in Level I candidates for the same time period. Strong demand for the program continues in emerging and developing economy markets, where candidate numbers have doubled over the past five years. View historical pass rates and a series of infographics about the growth of the CFA Program.

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