A bunch of anxious Wall Streeters are likely freaking out this morning to see whether or not they will become Chartered Financial Analysts.
The good news is more than half of the Level III test-takers passed the gruelling exam, according to the CFA Institute ‘s site.
June 2012 Exam Pass Rates
- Level I: 38%
- Level II: 42%
- Level III: 52%
The CFA, which consists of three separate levels, is considered the most difficult test taken by finance professionals.
What’s more is fewer than 20% of candidates pass all three tests on the first attempt and it takes the average CFA candidate four years to complete the entire program. Each level takes about six months to study for.
The CFA Institute said it will email results out after 9 a.m. ET today.
Let us know how you will be celebrating your exam victory or coping with failing.