Kolkata 24 June, 2018: CFA Institute, the global association of investment management professionals, announced that a record 21,883 candidates have registered for Level I, II, and III CFA exams in India taking place on 23 June, a 30% growth YoY. The exams also mark the 55th anniversary of the first CFA exam held in June 1963.
Mumbai with 8,622, registered the highest number of candidates, followed by New Delhi with 5,080, Bengaluru with 2,128, and Kolkata with 2,078. Overall, India (21,883) is third largest in number of candidates registered after China (65,877) and the United States (42,024).
The Asia Pacific region continues to be the largest source of candidates, with 120,436 registered for the June 2018 exam, accounting for 53% of the total. The Americas region saw the registration of 63,368 candidates, 28% of the total, and 43,227 candidates registered in Europe, Middle East, and Africa (EMEA), accounting for 19% of the total.
“The strong demand for investment education rooted in ethics is testament to the CFA Institute mission of raising ethical standards, improving professionalism, and putting client interests first. I am also delighted to see that more women candidates (37%) have registered for this year’s exam globally. The investment management industry in India is becoming increasingly aware of the importance of having inclusive workplaces and CFA Institute is taking proactive steps to promote gender diversity through the India-first ‘Young Women in Investment’ initiative,” said Vidhu Shekhar, CFA, Country Head, India, CFA Institute.
In 1959, the Financial Analysts Federation (FAF) formed the Institute of Chartered Financial Analysts (ICFA) to establish standards of ethics and competence for security analysts, develop the exam, and bestow the title of Chartered Financial Analyst (CFA) on those who passed. The FAF and ICFA eventually merged to form what is now known as CFA Institute. On June 15, 1963, the inaugural exam was administered at 27 test centres in the United States, Canada, and London to 268 candidates, five of whom were women and one who took the exam while on board the legendary Queen Mary ocean liner.
Corporate Comm India(CCI Newswire)