June 2012 CFA Scholarship App - CFA Society Root - Societies-2025

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The CFA exam assesses the candidates proficiency in the field of finance and investment management. The overall average CFA pass rate of all three levels of the exam is very low. Spanning three levels, the CFA exam is considered to be one of the most difficult and time-intensive exams.
CFA exams are considered the most challenging out thereeven harder than medical school or law school examswith pass rates under 50%.
Scholarships for the CFA exam are fiercely competitive and not guaranteed. Aspiring candidates are encouraged to apply for multiple scholarships and submit their applications before an exam date.
We estimated that CFA Level 1s MPS ranged from 56%-74% from 2012-2024, with an 12 year average of 65%. The latest estimated MPS for CFA Level 1 (i.e.Nov 2024 exams) is estimated to be around 67%. The latest estimated MPS for recent CFA Level 1 exams are: Nov 2024: 67%
CFA Institute governs activities related to the CFA Program exam worldwide, while the CFA Society is country-based. CFA charterholders and CFA Program candidates are encouraged to join both CFA Institute and their local society. We break down membership in each institution, how to apply, and if its worth it.
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The CFA exams are not easy, but they arent impossible either. Despite the difficulty of the CFA exams, it is worth pursuing this certification because it demonstrates a high level of commitment and knowledge, as well as the strong possibility of higher earning potential vs non-chartered peers.

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