CFA Pass Rate Nears Decade's High as Asia Fuels Record Turnout
- Institute says 43% of candidates pass, up from 42% in June
- Turnout across Asia dwarfs that from CFA's U.S. home
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The pass rate for the Chartered Financial Analyst exam’s first step in December neared this decade’s highest level as more candidates from Asia piled in, pushing global turnout to a record.
Forty-three percent of participants cleared Level I of the semi-annual exam last month, the institute said in a statement Tuesday. The success rate rose from 42 percent in June, and was just below this decade’s high of 44 percent set in December of 2014. It held steady even as the number of candidates jumped 11 percent from a year earlier to more than 52,300.