It's CFA Level 1 Results Day!

Results for the CFA level 1 exam came out today. According to the CFA Institute, there was a 46% pass rate - the highest in years. I don't know if it was due to the move to 3-answer multiple choice questions or to a better-than-average candidate pool (there were probably a number of people out of work with extra time to study in there). Either way, congratulations to those who passed - you can now register for the Level 2 exam. If you didn't make it this time, you can take Level 1 again in December.

I have 3 former students (that I know of) who took the exam, and a couple more that were considering it. I expect the three I know of did well (hopefully, they'll let me know sometime today).

update: So far, two have reported in, and one passed - still waiting on the thrid.

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