subject: Cfa Pass Rate And Test Results For June, 2010 [print this page] 42% of the CFA exam takers passed the test in June, 2010. These are more than 110,000 test takers worldwide and about 45,000 of them were taking the CFA Level 1.
These CFA results are quite disheartening. More than half of students failed and these are students who paid over $1000 in registration costs. Even after putting money down, students failed. This in all likelihood has to do with a problem with motivation in studying, poor study materials, lack of time, or poor time management.
It's challenging to pinpoint which problem is the largest culprit but the exam does cover a LOT of material - involves use of a financial calculator which most test takers have not used before the CFA, tests financial knowledge from options to economic science, and involves six fat financial bible books that are hard to read through.
One of the grounds is that this line of business of finance tested is vast. The tested content ranges from corporate bonds to portfolio theory. Six thick bible books are made use of in explaining these concepts.
CFA results often come out 2 months after the exam. That means you should have plan B if passing CFA level 1 is probably one of the prerequisites for your livelihood or school admission. Be extremely careful about putting "I passed CFA Level 1" on your resume since the opportunity of failing is and big enough to think twice.
Unlike traditional conventional DVDs, these materials are not deliver to your home. Without waiting in your home for months to get these materials and headaches of software installations, candidates are now able to follow the web application right in their browsers. One of the greatest tools is provided by CFASOS. In this application, you will get to watch the video explanations when you fail a query. Time will show if these applications are efficient enough to improving the next year's CFA pass rate and results.
