Results are out Tuesday as to who passed the arduous Chartered Financial Analyst (CFA) exam. The test is given in three parts (Level I, Level II, and Level III) and focuses on investment knowledge that can provide a boost to those wanting a career on Wall Street. Passing the CFA has become more and more of a mark of distinction for investment professionals.
According to the CFA Institute, 39 percent of Level I test-takers passed, which is an improvement on the 36 percent passing rate in December 2010. Level II boasted a 43 percent pass rate, and the results for the Level III test will be available in August.
Obtaining a CFA charter takes an average of four years, reports the CFA Institute.
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