More than 8,000 Students in India Appeared for CFA® Level I Exam
by Shrutee K/DNS
Mumbai 24 January
2019 — CFA Institute, the global association of investment management
professionals, announced that 45% 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 charterholders. 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% increase compared to December 2017. In total, nearly
59% of global CFA Program candidates were from Asia Pacific compared to nearly
24 percent (18,871) from the Americas region and nearly 17 percent (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.
CFA Institute: CFA
Institute is the global association of investment professionals that sets the
standard for professional excellence and credentials. The organisation is a
champion of ethical behaviour in investment markets and a respected source of
knowledge in the global financial community. Our aim is to create an
environment where investors’ interests come first, markets function at their
best, and economies grow. There are more than 159,000 CFA charterholders
worldwide in 162+ countries and regions. CFA Institute has nine offices
worldwide and there are 151 local member societies. For more information, visit
www.cfainstitute.org
or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.
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