Australia, June 5, 2014 - CFA Institute, the global association of investment professionals that sets the standard for professional excellence, announces that 148,927 candidates from 179 countries have registered for Level I, II and III CFA exams, to be administered on June 7 worldwide. This weekend candidates will take the next step towards earning the CFA charter, the mark of excellence within the investment profession, in a commitment to uphold the highest standards of investment practice and to serve investors and the global economy.
The number of exam registrations for this year's exam cycle (December 2013 and June 2014) totals more than 211,000 registrations. Regionally, Asia Pacific continues to be the largest source of candidates, with 63,021 registered for the June 2014 exam, accounting for 42 percent of the total. The Americas saw the registration of 53,089 candidates, 36 percent of the total, and 32,798 candidates registered in EMEA (Europe, Middle East, and Africa), accounting for 22 percent of the total.
Within Asia-Pacific, Australia has the 6th largest number of candidates and the 9th largest cohort globally, with 3,056 candidates sitting exams on Saturday. The CFA Societies of Australia, which includes societies in Sydney, Melbourne and Perth, currently have approximately 2,000 members.
“The candidates are laying a strong foundation for a wide range of career paths. Earning the CFA charter gives players in today’s industry credibility and distinguishes them within the industry as focused on rebuilding public trust,” said Richard Brandweiner, CFA, President of CFA Society of Sydney.
“We would like to wish all candidates in Australia and globally the best of luck for their exams on Saturday. Sitting a 6-hour exam on a Saturday while others enjoy the start of their weekend is tough, but the sense of accomplishment when you ultimately receive your charter is very special,” said Mr Brandweiner.
“Candidates dedicating themselves to the CFA Program are committed to shaping an investment industry that is a force for good,” said John Bowman, CFA, managing director and co-lead of Education at CFA Institute. “These investment professionals are vowing to place their clients' interests first through the highest standards of professional ethics, and education.”
The CFA Program is a self-study program, considered to be the most rigorous credentialing program in the investment industry. The CFA curriculum is grounded in the practice of the investment profession and is methodically updated with knowledge, skills, and abilities (competencies) that are relevant to the profession. The three-level exam process covers topics including Ethical and Professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Investment Tools, Asset Classes, and Portfolio Management and Wealth Planning.
Each level of the CFA Program imparts a particular skill set:
- Level I is focused on investment tools and the foundations of the business, giving candidates the necessary knowledge and comprehension;
- Level II is focused on asset classes including equity investments, fixed income, derivatives, and alternative investments, emphasizing candidates’ ability in application and analysis,
- Level III is focused on portfolio management and wealth planning, requiring candidates to be competent in synthesis and evaluation while making investment decisions.
Find out more about the CFA Program and how it can help investment professionals to achieve professional excellence for an impactful career.
About CFA Societies Australia
The CFA Societies of Sydney, Melbourne and Perth are not-for-profit associations of close to 2,000 investment professionals formed to lead the investment profession in Australia by setting the highest standards of education, integrity and professional excellence. Our members are engaged in a wide variety of roles across investment management and advice. Most of our members are holders of the Chartered Financial Analyst (CFA) designation. Together we represent the three Australian chapters of CFA Institute. For more information, visit http://www.cfa-australia.com.au.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 122,000 members in 144 countries and territories, including 114,000 charterholders, and 143 member societies. For more information, visit www.cfainstitute.org.