India sees 18pc growth in CFA Level I exam takers

India sees 18pc growth in CFA Level I exam takers

Agency News

Kolkata, Jan 24: CFA Institute, the global association of investment management professionals, announced that 45pc of the 77,245 candidates who took the December 2018 Chartered Financial Analyst® (CFA®) Level I exam have passed.

These successful candidates now progress to Level II of the CFA Program, the second of three steps toward earning the CFA charter, one of the most respected and recognised investment management credentials in the world.

A record 9,354 candidates from India registered for the December Level I exam. Mumbai with 2639 registered the highest number of candidates, followed by New Delhi with 593, Kolkata with 572, and Bengaluru with 561.

Globally, India (9,354) recorded the third largest number of candidates registered after Mainland China (23,646) and the United States (12,375). “Congratulations to all candidates who successfully passed the Level I exam in December and took a significant step towards becoming CFA charter holders. As these candidates progress to the next level, they are becoming a part of the global talent pool of future investment professionals. We wish them all the best,” said Vidhu Shekhar, CFA, country head, India, CFA Institute.

Candidate growth continues to be strongest in the Asia Pacific region, where 45,559 candidates tested, a 19 pc increase compared to December 2017. In total, nearly 59pc of global CFA Program candidates were from Asia Pacific compared to nearly 24 per cent (18,871) from the Americas region and nearly 17 per cent (12,815) from the Europe, Middle East, and Africa region.

The December Level I exam was administered in 134 test centres in 85 cities across 46 countries and territories worldwide.

“We are thrilled to see the continued momentum in the Asia Pacific region, in particular in China, India, and Australia. With the strong demand for investment professionals in this region, these candidates are poised to be a positive influence on the industry as they progress to the next level. We’re honoured to have them join us in our work to achieve the highest standards of ethics, education and professional excellence to create a better world for investors,” said Nick Pollard, managing director, APAC, CFA Institute.

The CFA Program is tailored to professionals across the industry, and annual updates to the curriculum ensure that the CFA charter remains the global industry standard. The curriculum covers ethical and professional standards, securities analysis and valuation, international financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, wealth management and portfolio analysis. Learn more about the CFA Program. (UNI)