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CII, IFP and CFA Institute seeing increased exam uptake

Bookings for the Chartered Insurance Institute diploma exams were up 63 per cent in 2009 on the previous year’s figures, to 20,859 bookings.

Candidates enrolling in a diploma unit for the first time reached 7,800 in 2009, up 77 per cent from 2008.

The CII says over 19,100 individuals are currently studying for the diploma.

It adds that 91 per cent of candidates are achieving the diploma qualification within two and a half years, with 78 per cent completing it within two years.

The Institute of Financial Planning says the number of CFP professionals globally reached a record level of 126,016 at the end of 2009, up 6.4 per cent from 118,506 at the end of 2008.

The CFA Institute has today announced that 34 per cent of the 44,209 worldwide candidates that sat for the Chartered Financial Analyst Program Level I exam taken in December 2009 passed.
 

To earn the CFA designation candidates must pass all three levels of exams, have  four years’ work experience in the investment industry, sign a commitment to abide by the CFA Institute code of ethics and standards of professional conduct, apply to a CFA Institute society and become a member of CFA Institute.
 
The exams cover ethical and professional standards, securities analysis and valuation, international financial statement analysis, quantitative methods, economics, corporate finance, portfolio management and performance measurement.
 
CFA Institute chief executive and president John Rogers says: “These individuals, through their personal commitment and undertaking to live the values of ethics, education and professional excellence, actively demonstrate commitment to raising standards in the investment industry.”

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Very inconsistent passing percentage year over year rise questions ? Is the examination or designation is going to rise the ethic standard in reality ?

  2. The inconsistency of passing rate is because of the quality of the candidates taking the exam. I have read somewhere else that the seriousness of the candidates is relatively low compare to the June exam.
    Ethical standards are for the CFA members and candidates to obligate and for the CFA institution to take the role as the regulator.
    Of cause, you may not think obligation is necessary when violating the CFA code of ethics and standards is not illegal (sometimes), but it will put you in a risk of losing your rights of presenting yourself as a CFA member or candidate.
    It could be an essay of social science and human psychology to understand why would people actually obligate the ethic standard, and thus putting it into reality.

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