News

AIM grads earn 88 percent pass rate on CFA exam; more than double global rate

 

August 03, 2011

Graduates from the college’s Applied Investment Management program class of 2011 achieved an 88 percent pass rate on the Chartered Financial Analyst Level I exam, more than double the global pass rate of 39 percent. AIM students have bested the global pass rate every year since the program’s inception in 2006.

“I continue to be impressed with the high level of AIM students that passed the CFA exam within the first six months of their graduation,” said David Krause, AIM director. “The CFA exams are challenging and have a historical pass rate of less than 40 percent for Level I. This is an outstanding outcome.”

Nearly 145,000 current and aspiring investment professionals worldwide sat for the June 2011 CFA exam. Sixteen Marquette AIM students took the exam; 14 passed. Krause said the goal is to have a consistent pass rate of 100 percent.

In June 2011, AIM announced it again had a 100-percent career placement rate for its recent graduates, a feat the program has accomplished every year of its existence.

CFA is an international professional designation offered by the CFA Institute to financial analysts who complete a series of three examinations.  In order to become a CFA charterholder candidates must pass all three six-hour exams, possess a bachelor's degree and have 48 months of work experience in an investment decision-making position.  CFA charterholders are also obligated to adhere to a strict Code of Ethics and Standards governing their professional conduct.