CFA Exam Results Are Out And Most People Are Finding Out They Failed

Many young Wall Streeters are freaking out this morning since the CFA (Chartered Financial Analyst) Level I and II results are coming out.

The CFA Institute said they'll send the results at 9:00 AM EST. The CFA Institute's website was down when we last checked.

For the June test-takers, 42% passed Level I and 46% passed Level 2, the CFA Institute Tweeted. That's a higher pass rate than usual, but most folks still failed.

Consisting of three levels, the CFA program is considered to be the hardest series of exams in finance. Fewer than 20% of candidates pass all three tests on the first attempt. It takes the average CFA candidate four years to complete the entire program.

The average test-taker also spends a about six months preparing. They put in around 20 hours per week to study the exam materials.

For those who passed, you can see they're really excited. Congrats guys!

Stick a fork in level 1! Level 2 here I come! #cfaresults #cfa

- Justin Silva (@Justin_silva) July 29, 2014

Passing level 1 got me like: #cfaresults http://t.co/m13ls5Pjfb

- Kevin Jamison (@kevinjamison7) July 29, 2014

Through! Cleared cfa level 1! #cfaresults

- Sushrut (@Sushy_bhat) July 29, 2014

Cleared #CFALevel2..!A step closer to my #Aim, 2.5 months of #HardWork paid off @CFAprogram.. Feeling so #Relieved..! #CFAresults #Happy

- Raghav Rungta (@raghav1217) July 29, 2014

Looks like I'll actually have to use my remaining 15 days holidays for actual holidays now #cfaresults #cfalevel1

- Michael Langham (@MichaelLangham2) July 29, 2014

AWWWWWWWWWWWWWW YEAAAAHHHHHHHHH, pregnancy test came back negative #CFA #cfaresults

- Ivan I. (@Ivan_Illyush) July 29, 2014