Tuesday, August 2, 2011

88% CFA Level I Exam Pass Rate for the AIM Class of 2011

Dr. David Krause, AIM program director reported, “Congratulations to the students in the AIM Class of 2011 for their exceptional results on the Chartered Financial Analyst (CFA) Level I exam! The CFA exams are challenging and have a historical pass rate of less than 40% for Level I. This is again an outstanding outcome, I’m very pleased.”

As shown below, Marquette University AIM students in the Class of 2011 far surpassed the global pass rate.  Eighty-eight percent (14 out of 16) of the Class of 2011 AIM students sitting for the Level I exam passed.  Krause said, “I continue to be impressed with the high level of AIM students that passed the CFA exam within the first six months of their graduation. However, we won’t relax until we have 100% of the AIM students passing the CFA Level I exam.”

Chartered Financial Analyst (CFA) is an international professional designation offered by the CFA Institute to financial analysts who complete a series of three examinations.  In order to become a CFA charterholder candidates must pass all three six-hour exams, possess a bachelor's degree, and have forty-eight months of work experience in an investment decision-making position.  CFA charterholders are also obligated to adhere to a strict Code of Ethics and Standards governing their professional conduct.

The CFA Institute has announced that 39% of the nearly 145,000 current and aspiring investment professionals worldwide passed the June 2011 CFA exams, bringing them one step closer to earning the distinguished CFA charter. 

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