BusinessWeek has a new article on the proliferation of the CFA program in business schools.
On the increase in students taking the exam:
“The proportion of finance students taking the CFA exam has increased from 25 percent to 32 percent over the past two years, according to the CFA Institute, a nonprofit organization that awards the CFA charterholder certification, one of the most respected credentials in the investment management field.”
On the evolving composition of the CFA candidate base:
“The credential can help boost candidates’ salaries significantly and qualifies them for jobs as security analysts, portfolio mangers, and investment consultants, the organization says. Today, half of the candidates that sit for the first-level CFA exam are 25 years old or younger. As interest in the exam grows, many undergraduate business programs, as well as MBA and other master’s programs, are seeking to align their coursework with the CFA curriculum and help a new generation of students prepare for the rigorous exam, which requires 300 hours of study for each of the test’s three levels.”