Many young Wall Streeters were freaking out Tuesday morning because the CFA (Chartered Financial Analyst) Level I and II results were coming out.
The CFA Institute said they would send the results at 9 a.m. ET. 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. The average CFA candidate takes four years to complete the program.
The average test-taker also spends about six months preparing, putting in about 20 hours a 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, 2014Passing level 1 got me like: #cfaresultshttp://t.co/m13ls5Pjfb
— Kevin Jamison (@kevinjamison7) July 29, 2014Through! Cleared cfa level 1! #cfaresults
— Sushrut (@Sushy_bhat) July 29, 2014Cleared #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, 2014Looks like I'll actually have to use my remaining 15 days holidays for actual holidays now #cfaresults#cfalevel1
— Michael Langham (@MichaelLangham2) July 29, 2014AWWWWWWWWWWWWWW YEAAAAHHHHHHHHH, pregnancy test came back negative #CFA#cfaresults
— Ivan I. (@Ivan_Illyush) July 29, 2014My favourite binomial tree. Good luck tomorrow to all #CFA warriors. pic.twitter.com/Fn2pmhzv0k
— Karl Gutowski (@KarlGutowski) July 29, 2014I’ve spent the last hour having minor heart attacks with every email notification. Please just send me my #CFA results.
— JB (@brizz21) July 29, 2014