More than 21,000 Candidates Complete CFA® Program

  • Record global participation illustrates strong interest in the CFA® designation as a differentiator for individuals and employers across the investment profession
  • Candidate growth in Australia the highest year over year across the top 10 markets
  • Early signs of gender balance among Level I candidates in some markets

Of 38,377 candidates who sat for the Level III CFA® Program exam in June 2019, 56 percent have passed, completing their final CFA® exam and becoming eligible to become CFA® charterholders pending verification of professional experience. All candidates will be notified of their results today. Currently more than 167,000 investment professionals worldwide hold the CFA® charter.

Level I and II CFA Program candidates received their results on 6 August. Of 83,656 candidates who sat for the Level I exam, 41 percent passed. Of 74,735 candidates who took the Level II exam, 44 percent passed.

View historical pass rates here.

Global markets present early signs of a more gender balanced profession

The CFA Program continues to grow in all regions, reflecting strong interest in the CFA credential as a key differentiator for individuals developing long-term careers in the investment profession. Among the top 10 markets, Australia has recorded the highest increase in candidate growth, with number of test takers up by 23 percent on the previous year.

Participation of women worldwide is rising. Over the past five-year period, the number of women test takers in the CFA Program has more than doubled, and now accounts for 39 percent of candidates. For Level I candidates—a key contributory signal of future trends—female participation in some markets, notably Australia and the United Kingdom, has reached or surpassed parity.

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