CFA exam results for 2018 set to be released

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• The results of the Chartered Financial Analyst exams
  for 2018 will be released on Tuesday.
• Students who sat for levels I and II of the CFA exam in
  June 2018 will be able to find out their fates at 9 a.m. ET (2
  p.m. BST).
• Last year, just 43% of candidates passed Level I, while
  47% passed Level II.
• Pass percentages will not be made public until August
  28, when Level III results will also be released.
• The CFA is regarded as one of the most grueling exams
  in finance.

In June 2018, after countless hours of study, lots of late
nights, and gallons of coffee, more than 100,000 aspiring
financial analysts around the world sat for the
notorious Chartered Financial Analyst (CFA) exam.

The exam, which asks candidates questions on everything from
financial modeling to the ethics of business, is considered to be
one of the most grueling tests in the world, with less than 50%
of people passing each year.

It is split into three levels — I, II, and III — and on Tuesday,
candidates who sat for Levels I and II back in June will find out
their fates.

Students who took Levels I and II in 2018 will have access to
their results beginning at 9 a.m. ET (2 p.m. BST). The CFA
Institute, which administers the exams, will give students around
the world access to their results at the same time. 

“Each candidate who sits for a CFA Program exam is provided
with a “pass” or “did not pass” exam result as well as detailed
information on their performance,” the
CFA Institute said on its website.

Generally speaking, pass rates increase on each ascending level,
with Level I tending to flush out underprepared candidates.

Only about one in five people who start the CFA
program make it through all three levels and successfully
complete the other requirements to become a
charter-holder.

While students of Levels I and II will find out how they
did on Tuesday, details of the exam’s pass percentages will not
be released until August 28, when information about performances
on all three levels of the CFA will be made public. Last year,
43% of people sitting for Level I passed the exam, 47% passed
Level II, and 54% succeeded at Level III.

Becoming a CFA charterholder 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. A CFA costs around $2,500 in
total, while an MBA can easily run into the hundreds of thousands
of dollars.