I’m sure I’ve seen some data about the global switch in CFA candidates, maybe on here but I think it was actually a slide that a schweser tutor put up back when I was doing level 1 that showed that the vast majority of candidates are now from asia. he was using the slide to illustrate that the 35% level 1 pass mark isn’t as terrible as it sounds because a lot of people sitting the exam are doing it in a 2nd language and trying to rote memorise stuff.
gringo bob if you are implying that it is the low pass rate in asia that drags down the average passing rate you are wrong
as a matter of fact asian exam takers(most of them coming from China and India) have very strong exam skills and they actually raise the standard and make candidates from other regions find it harder to pass. English is not a big problem until level 3 for most of them, especailly indians.
English is my second language and I find it all right – passed both my level I and II at the first attempt,
speaking from my own experience only 1 out of 10 chinese fail their CFA level I exam. if you failed CFA i people will think you are a retard, i m sorry but people are cruel
This info is somewhat covered in the compensation analysis reports that get published by various CFAI societies every year. I remember going through a bunch of such reports last year… general theme was that the average age of Charterholders is 40. I don’t remember the numbers, but as expected, the program is a huge sausage fest… dominated by males.
just like in finance lol of course it’s a sausagefest. Damn 40 years of age is pretty high, I’ll be 28 when I get mine XD, but I’m guessing you are not talking about what age they actually got their charters?
Pretty sure he cited that example to illustrate how the growing international candidate base probably draws the pass rate down. I would absolutely agree. I am a natural English speaker, and it’s still challenging to wrap my head around some of the concepts. I cannot imagine having English as my second language while studying through this curriculum. I just hope that some newer, more prestigious designation doesn’t catch on that is only given in Mandarin Chinese or something. Then I’m screwed.