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 1 test results are coming out.
The CFA Institute said it emailed out the results, which also became available on the institute's website at 9 a.m. ET.
According to the CFA Institute, more than 44% of the 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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