October 6, 2014

The most challenging sections of a challenging exam

CFA exam surveyIf you’ve ever wanted to achieve CFA Institute charterholder status, this will be of interest.  According to results of a recent survey of CFA Program candidates, the Fixed Income section of the exam was ranked the most difficult followed by Derivatives.  (The survey was conducted shortly after the June 2014 exam and received responses from 21,432 out of 148,927 candidates from around the globe.)  

And there’s something else you may want to consider:  Exam preparation timeOn average, candidates spent 307 hours studying for the June 2014 exam. 

It must be worth it, though, because these exam candidates are more optimistic about the employment prospects than most:  46% expect employment opportunities for investment professionals in their local markets to increase in the coming year (up from 40% in 2013); 46% expect opportunities to stay the same; and just 8% expect opportunities to decrease (down from 13% in 2013.)

Additional findings are available at CFA Institute’s website.