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44% of Level I candidates passed
Saudi Arabia and the United Arab Emirates saw the largest numbers of CFA candidates comparing to other ME countries.
United Arab Emirates: CFA Institute, the global association of investment professionals, announces the results for the first administration of Level I of the CFA Program ® under its new computer-based testing approach.
CFA Program Level I candidates receive their results today. Of the 28,651 Level I candidates who sat for the examinations, 44 percent passed. The February 2021 Level I exam was administered in 850 test centers in 400 cities in 91 countries worldwide. Computer-based testing in test centers proved to be more resistant to pandemic-related cancellations due to increased testing days and smaller test centers. Overall, about 700 candidates experienced an exam cancellation due to Covid restrictions. Candidates were provided with multiple options to reschedule their exam in the upcoming months. Candidates also had the option to defer to a future testing date if they felt uneasy due to the pandemic conditions.
Despite Covid restrictions, a total of 843 investment professionals from 10 GCC and Middle East countries reaffirmed their commitment to the highest level of professionalism by sitting for the CFA exams across Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, and United Arab Emirates.
Margaret Franklin, CFA, President and CEO at CFA Institute, commented: “The past year has been an extraordinary year of transition as we accelerated our shift to computer-based testing while the pandemic took hold, and we are very pleased to report this first administration of computer-based testing. We warmly congratulate candidates who have successfully passed the exam and extend our thanks to all the candidates who have been so patient as we worked tirelessly to ensure we delivered the examinations in as many locations as possible. Their commitment to sitting these exams in the ever-changing circumstances of the pandemic is a testament to their perseverance and their commitment to the future of the investment profession.”
Candidates reported positive experiences with the new testing approach, which utilizes test centers over a multi-day window and via computer vs. the previous approach of giving the exam on paper in large-capacity locations on one day. The vast majority of candidates who completed a post-exam survey expressed positive views of their experience.
Currently, more than 170,000 professionals worldwide hold the CFA® charter. View historical pass rates. The CFA Program curriculum constantly evolves to current investment practice and ensures that candidates who complete the program are equipped with relevant and current knowledge and skills.
Further information on registration, scheduling and deadlines for each level can be found here: https://www.cfainstitute.org/en/programs/cfa/exam. The exam testing windows for the remainder of 2021 are:
Level I
- 18 – 24 May
- 18 – 26 July
- 13-30 August
- 16 – 22 November
Level II
- 25 May – 1 June
- 31 August – 4 September
- 26 - 30 November
Level III
- 25 May – 1 June
- 1-8 September
- 23-25 November
© Press Release 2021
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