A chartered financial analyst (CFA) is one of the most popular and globally-recognized professional designation given by the CFA Institute. The responsibility, hold by the people under this designation is to measure and certify the competence and integrity of financial analysts.
Which college requires CFA score?
Each candidate who sits for a CFA Program exam is provided with a “pass” or “did not pass” exam result as well as detailed information on their performance.
After candidates receive their exam result, they may register for the next exam. We encourage candidates who do not pass to use the exam result information to guide their studies and to re-take the exam at a later date. Candidates can take as much time as they need before registering for the next exam. June 2019 exam pass rate:
- Level I: 41%
- Level II: 44%
- Level III: 56%
Individual candidate results are only released to the candidate and are never released to a third party; however, lists of passing candidates are provided to societies for membership purposes.
Detailed exam scores and responses to exam questions are measurement information and part of a candidate’s exam record, both owned solely by CFA Institute. This information is not given to candidates.
According to Ricky, a former exam counselor at Myassignmenthelp– “After the completion of each of the exam, the CFA Institute Board of Governors sets the minimum passing score (MPS) for each level. The purpose for this approach is to ensure fairness to candidates across administrations as the difficulty of each exam is taken into account when setting the MPS. CFA Institute does not release the MPS or score of individual candidates”.
Academic institutions that embed a significant portion of the CFA Program Candidate Body of Knowledge (CBOK)—including the Code of Ethics and Standards of Professional Conduct—into their curriculum may be eligible to participate in the University Affiliation Program. An Affiliated University signals to their students and to employers that their curriculum is closely tied to the practice of investment management and is helpful to students preparing for the CFA Program exams.
The affiliated universities of CFA exam are as follows:
|Name of university||Location||Degree program|
|University of Economics Prague||Prague Czech Republic||Master in Finance, Master in Banking, Master in Financial Engineering.|
|University of East Anglia||Norwich United Kingdom||Bachelor of Science in Business Finance and Management, Master of Science in Investment and Financial Management|
|Trinity University||San Antonio United States||Bachelor of Science in Finance|
|University of Amsterdam||Amsterdam Netherlands||Master of International Finance|
|University of Alberta||Edmonton Canada||Bachelor of Commerce|
|University of Adelaide||Adelaide Australia||Master of Accounting and Finance, Master of Applied Finance|
|Tsinghua University||Beijing China||Master of Finance|
|University College Dublin||Leinster Ireland||MSc in Finance|
|Tulane University||New Orleans United States||Bachelor of Science in Management, Finance major; Master of Finance|
|Universidad Anahuac||Naucalpan Mexico||Master of Finance|
|Trinity College, Dublin||Leinster Ireland||Bachelor of Business Studies, Finance Concentration|
Master of Science in Finance
|St Johns University||New York City United States||Master of Science in Finance|
|Towson University||Towson United States||Bachelor of Science in Business Administration concentration in Finance|
|Ton Duc Thang University||Ho Chi Minh City Vietnam||Bachelor of Finance and Banking|
|Tilburg University||Tilburg Netherlands||Master of Science in Finance Master of Science in Accounting International Master of Science in Business Administration|
|Thompson Rivers University||Kamloops Canada||Bachelor of Business Administration in Finance, Post-Baccalaureate Diploma in Finance|
|The University of Tennessee, Knoxville||Knoxville United States||Bachelor of Science in Finance, Master of Business Administration in Finance|
|Stonehill College||Easton United States||Bachelor of Science in Business Administration|
|Stevens Institute of Technology||Hoboken United States||Bachelor of Science in Business, Finance major; Bachelor of Science in Quantitative Finance, Finance and Economics concentration; Master of Science in Finance|
|University of Economics in Katowice||Katowice Poland||Joint Master in Quantitative Asset and Risk Management|
|University of Edinburgh Business School||Scotland United Kingdom||Master of Science in Accounting and Finance|
Master of Science in Finance
|University of Essex||Colchester United Kingdom||Master of Science in Finance and Investment|
|Universidad del Pacifico||Lima Peru|
|Universidad del CEMA||Buenos Aires Argentina||Masters in Finance|
|Universidad de San Andres||Buenos Aires Argentina||Masters in Finance|
How to calculate CFA score?
Each of the students, who sit for the CFA exam acquire “pass” or “did not pass” exam result as well as detailed information on their performance. After receiving the result of one exam, the candidates can register for the next exam. Individual candidate results are only released to the candidate and are never released to a third party; however, lists of passing candidates are provided to societies for membership purposes.
After each of the examination, the CFA Institute Board of Governors sets the minimum passing score (MPS) for individual level. The fundamental purpose of this approach is to ensure the fact that fairness is being maintained in the way of CFA Institute Board of Governors sets the minimum passing score (MPS).
According to Keira, academic consultant at My assignment Help– “Since 1996, CFA Institute has used the modified Angoff standard-setting method to assist the Board of Governors in establishing the minimum passing score (MPS) on each CFA Program exam. The Angoff Method is the best-known and most widely used standard-setting method among professional credentialing programs”. The pass rate of the exam is presented below:
CFA Institute generates results and conducts a variety of quality-control measures before results are released to candidates. This process ensures that the MPS is set in accordance with best practices in testing and that every candidate’s exam is processed with appropriate due diligence. The pass rate as per the above figure are calculated from candidates who actually sat for the examination. Approximately 25% of enrolled candidates who register do not sit for the examination (i.e., are no-shows) each year.