Article I saw this monring about passing exactly, passing, themselves, 620

sabina

This makes me want to slap this person. I can't help but look down on someone who writes lower-tiered news articles about finanice rather than making a career for themselves. Also, obviously this guy is not a charterholder. I would say that 11,620 new charterholders isn't exactly a flood of new people.



Getting a CFA is a savvy -- albeit arduous -- way to stand out from the crowd. Unfortunately, it’s also an increasingly common track.

In June, a record 22,784 people took the penultimate Level III exam, according to data released yesterday by the CFA Institute, the Charlottesville, Va.-based nonprofit that administers the test. Some 11,620, or 51%, of those folks passed. That’s more than any other year but 2006, when an improbable 76% of candidates cleared the final test hurdle.

Meanwhile, the Level II test drew a record 44,175 candidates, and almost 19,000 of those folks passed, also a new high.

The number of people who took the first test was second only to late 2008 when a flood of candidates rushed for accreditation in the face of the gathering economic storm.

The bummer for those who have just learned the secret CFA handshake is twofold: more employers will expect the designation and more other candidates for a job are likely to have it. That said, my hat's off to those who stuck it out.