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That's in line with historical pass rates for Level I of thethree-part exam. In June, 42% of candidates passed the Level 1, while 44% passed the December 2014 test.

 

Level II and III exams are offered only once a year, in June.

Becoming a CFA charter holder is a huge leg up for anyone hoping to build a career in investment management. It's also a much cheaper credential than an MBA degree. (The CFA costs $2,300, including registration fees and test fees.)

More people took the exam in December than ever before. The total was up 11% from the year before, with the test taken in 102 centers in 71 cities across 40 countries.

Level I tends to have the lowest pass rate of the three exams because that's when the amateurs are weeded out from the serious players. Only about one out of five people who start the CFA program make it through all three levels and successfully complete the other requirements to become charter holders.

Successful candidates often put in up to 300 hours of study per exam. The more than 22,000 people who passed this time can now move on to Level II.

Here are the historical pass rates dating back to 1963 from the CFA Institute:

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Notícias

GARTMAN: Crude oil will never trade back above $44 'in my lifetime'

Gartman said Monday that he thought crude oil wouldn't trade back above $44 "in my lifetime," though he did say oil may have hit a short-term bottom.

The bond market is going to get ugly if there isn't a rebound soon

One measure of just how extreme panic among junk-bond investors has gotten is the difference between yields on high-yield bonds and comparable US Treasuries.

The CFA Level 1 results are in

That's in line with historical pass rates for Level I of thethree-part exam. In June, 42% of candidates passed the Level 1, while 44% passed the December 2014 test.

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