11 hours ago
CFA exams coming to Mozambique, Eswatini
• For more financial news, go to the News24 Business front page.
The pass rate for the first level of the chartered financial analyst exam stayed above its historic average, while additional test centres are poised to open in Africa, India and other locations outside the US.
In May, 45% of candidates passed the Level I test, unchanged from the percentage who were successful in February and up from 43% for those who took the exam in November, the CFA Institute said Thursday. That's also higher than the 40% average for the past decade and the lows from 2021, when exam performance was hurt by test-taking deferrals amid the Covid-19 pandemic.
The CFA Institute also announced plans for three additional test centres in India, along with new ones in Ethiopia, Morocco, Mozambique and Eswatini. The locations are set to open in November.
'We're committed to expanding access to the CFA programme and supporting candidates to test in a convenient location,' Chris Wiese, managing director for education at the institute, said in a statement. 'Adding new test centres across Africa and India reflects our continued investment in helping more candidates reach an exam centre within their home market.'
The CFA charter is a coveted certification for professionals across the finance industry. The three-level test to become a charterholder is offered several times a year and can lead to new job opportunities and higher salaries. More than 24 000 candidates sat for the Level I exam in February, which was administered at 497 proctored, computer-based testing centres around the world.
Level II candidates who took their exams in May are slated to get their results on July 1.
