CFA Institute Announces 21,883 Registered Candidates from India to Appear for June 2018 Exam

India sees 30% increase in CFA Program candidates

Mumbai [21 June], 2018 CFA Institute, the global association of investment management professionals, announced that a record 21,883 candidates have registered for Level I, II, and III CFA exams in India taking place on 23 June, a 30% growth YoY. The exams also mark the 55th anniversary of the first CFA exam held in June 1963.

Mumbai with 8,622, registered the highest number of candidates, followed by New Delhi with 5,080, Bengaluru with 2,128, and Kolkata with 2,078. Overall, India (21,883) is third largest in number of candidates registered after China (65,877) and the United States (42,024).

The Asia Pacific region continues to be the largest source of candidates, with 120,436 registered for the June 2018 exam, accounting for 53% of the total. The Americas region saw the registration of 63,368 candidates, 28% of the total, and 43,227 candidates registered in Europe, Middle East, and Africa (EMEA), accounting for 19% of the total.

“The strong demand for investment education rooted in ethics is testament to the CFA Institute mission of raising ethical standards, improving professionalism, and putting client interests first. I am also delighted to see that more women candidates (37%) have registered for this year’s exam globally. The investment management industry in India is becoming increasingly aware of the importance of having inclusive workplaces and CFA Institute is taking proactive steps to promote gender diversity through the India-first ‘Young Women in Investment’ initiative,” said Vidhu Shekhar, CFA, Country Head, India, CFA Institute.

In 1959, the Financial Analysts Federation (FAF) formed the Institute of Chartered Financial Analysts (ICFA) to establish standards of ethics and competence for security analysts, develop the exam, and bestow the title of Chartered Financial Analyst (CFA) on those who passed. The FAF and ICFA eventually merged to form what is now known as CFA Institute. On June 15, 1963, the inaugural exam was administered at 27 test centres in the United States, Canada, and London to 268 candidates, five of whom were women and one who took the exam while on board the legendary Queen Mary ocean liner.  

About 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 behavior 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 150,000 CFA® charterholders worldwide in 165+ countries and regions. CFA Institute has eight offices worldwide and there are 151 local member societies. For more information, visit or follow us on Twitter at @CFAInstitute and on


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