CFA Institute Says 44% Passed First-Ever Level I Computer Exams

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The CFA Institute said 44% of candidates passed its Level I exam in February, the first time the test was given using computers.

That compares with 49% of those who passed the first level of the chartered financial analyst exam in December, the last time ever it was offered on paper. More than 28,000 candidates sat for the February test, which was administered in 850 test centers in 91 countries around the world, the CFA Institute said in a statement Tuesday.