Australia the largest growth market for CFA Institute
A total of 2,215 candidates sat the CFA exam in Australia in June this year, up 71 per cent on 2007, making the country the largest growth market globally for the CFA Institute.
Australia also ranked seventh highest at 1,864 in the number of CFA exam applicants among non-North American regions, according to the CFA Institute, the global association for investment professionals.
In Asia and Asia Pacific, including Australia, a total of 40 per cent of the 33,936 candidates passed their exams in the current fiscal year.
This compares to the United States, where 43 per cent of a total 28,306 candidates passed, and Europe, where 46 per cent of a total 15,656 candidates passed.
More than 92,000 candidates worldwide sat for the June 2008 exams this year, of which 42 per cent passed, bringing them a step closer to being awarded the CFA Charter professional designation.
To earn the charter, candidates must sequentially pass three six-hour exams that are “widely considered to be among the most arduous in the investment profession”, according to the CFA institute.
Employers in Australia with the largest number of CFA charter holders include Macquarie Bank, UBS, Colonial First State Group, Westpac Banking Corporation, Maple-Brown Abbott, and AMP.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
