CFA Level 1 Results Are Out, And Most People Are Finding Out They Failed

Julia La Roche

Jan 27, 2015, 21:17 IST

REUTERS/Robert Pratta

Many young Wall Streeters are probably freaking this morning, and it's not because of the snow. It's because the CFA (Chartered Financial Analyst) Level I test results are coming out.

The CFA Institute said they emailed out the results and that they would also be available on their website at 9 a.m. ET.

According to the CFA Institute, more than 44% of the he 47,175 December test-takers passed Level 1. That's a higher pass rate than usual, but most of the test-takers still failed.

Consisting of three levels, the CFA program is considered to be the hardest series of exams on Wall street. Fewer than 20% of candidates pass all three tests on the first try. It takes about four years to complete the program.

The average test-taker spends about six months preparing, putting in about 20 hours a week to study the exam materials for each level.

Congrats to those who passed!

I still can not believe that I passed. #CFAresults #keepgoing
- matt (@maianh_tran) January 27, 2015

Passed my CFA level 1 first time. Absolutely buzzing. All those hours revising weekends and after work were worth it #CFA #CFAresults
- Robert Walker (@RobertWalker9) January 27, 2015

Yes i did it...i cleared cfa level 1 #cfaresults
- rahul agarwal (@coolrahul311292) January 27, 2015

So excited that I passed level 1. Now on to level 2. #CFAresults #CFA #studystudy
- Rachel Buck (@rachel_buck1) January 27, 2015

I did it!! Hard work pays off #CFAresults
- Gillian van Heerden (@GillvanHeerden) January 27, 2015

CFA Level 1 passed ?? #CFAresults #cfaexam
- Matthew Milbourn (@MatthewMilbourn) January 27, 2015

Congratulations to all candidates that passed the CFA lvl 1 exam. So excited to be one of them. #hardworkpaysoff #CFAresults #CFA
- Robert Borowski (@rboro28) January 27, 2015

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