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CFA Japan Year End Party

Yesterday I had the pleasure of attending the CFA Japan Year End Party.

It was nice to catch up with some people I know and meet some new faces. It was a pleasant surprise to learn that one of my friends earned his CFA designation this year (congratulations, Andres!). When you see an example of somebody actually getting through all the three levels, it gives you some hope and confidence in your own endeavor.

What really made an impression on me, however, was the number of people who had no corporate logos on their business cards. Some of them started their own business, some are just hanging out waiting for a decent employment opportunity. There are really tough times...

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CFA Pass Rate

It is interesting to note that CFA pass rate has considerably declined over the years. It amounted to as much as 94% at the time of inception in 1963, and as little as 42% for the June exam of 2007. Of course, the total number of exam-takers has grown around 250 times, so these pass rates are not completely comparable, but the shift is considerable enough to show a clear trend. Is it the exam becoming more difficult, or the exam-takers are getting dumber? Let's just hope that I am one of the few lucky among the 42% when I receive my exam results in about two months... Original data is available at CFA Institute official site at the following URL: http://www.cfainstitute.org/cfaprog/pdf/candidate_results.pdf

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