(October 23 – 14:10 ET) – The Association for Investment Management and Research announced today that 6,274 Chartered Financial Analyst candidates worldwide have passed the third and final level of the CFA exams this year. Of those, 4,059 have met all other requirements, as of today, to be awarded the prestigious, internationally recognized CFA charter.
In Canada, 523 candidates were awarded the CFA charter, bringing the total number of CFA charterholders in Canada to 4,757. This marks a 24% increase in CFA charterholders since September 30, 1999.
The CFA designation is widely considered the most rigorous and globally accepted professional standard in the investment industry.
“No matter where in the world you are, the CFA charter tells investment clients and employers alike that the charterholder’s investment knowledge, commitment and ethics have literally been put to the test,” commented AIMR’s president and CEO, Thomas Bowman.
AIMR continues to award additional charters weekly as candidates who have passed all three exams meet all other CFA requirements. The requirements include completion of at least three years of professional investment experience and submission of a statement committing to adhere to AIMR’s code of ethics and its standards of professional conduct.
Several factors have spurred recent demand for the CFA designation, according to AIMR’s CEO. They include a globalization of capital markets that has created a need for a universally recognized professional credential, increased competition for top jobs, demand for professional training in investment decision-making, and expansion of the profession since the early 1990s, Bowman said.
-IE Staff