Nearly two-thirds of those who took the June chartered financial analyst exam passed it, according to data released Wednesday by the CFA Institute.
Sixty-four percent of the more than 13,500 investment professionals who sat in June for the third and final examination to become chartered financial analysts got passing grades, the institute said.
The 8,669 people who passed will begin receiving their CFA charters as early as October - if they have completed their three years of work experience and signed a commitment to abide by the institute's ethics code.
To earn the charter, candidates must pass three six-hour examinations. On average, CFA candidates take four years to pass all three. The exams cover ethical and professional standards, securities analysis and valuation, financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement.
More than 61,500 people took one of the three exams in June - including roughly 24,000 each for the first and second tests. The pass rate for all three levels combined was 40%.
