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CFA Institute, a global association of investment professionals, announced on April 4 that among the 16,932 candidates worldwide who sat for the Level I CFA Program exam in February, 44% passed ...
During the period 2010–2021, pass rates for Levels 1-3 ranged from 22-56%. [11] The CFA Level 1 examination in May 2021 and July 2021 made news headlines after plummeting to a record-low pass rate of 25% and 22%, respectively, [12] [13] [14] and in August 2021, the level 2 pass rate fell to 29%. [15]
Over the next few years, Kaplan made a series of strategic acquisitions. In early 2000, Kaplan acquired Schweser, a highly profitable organization in La Crosse, Wisconsin focused on training for the Chartered Financial Analyst designation, from Dr. Carl Schweser and Dr. Andy Temte. Schweser was the global leader in CFA exam preparation.
In 1962, the Chartered Financial Analyst (CFA) designation and code of conduct were established. In 1963, the profession was formalized when 284 candidates sat for the first CFA exam and 268 CFA charters were awarded. [9] [10] The following year, all 3 levels of the exam were administered to more than 1,700 candidates. [8]
Kaplan University (KU) was a private online for-profit university owned by Kaplan, Inc., a subsidiary of Graham Holdings Company. It was predominantly a distance learning institution, maintaining 14 ground locations across the United States. The university was named in honor of Stanley H. Kaplan, [3] who founded Kaplan Test Prep. [4]
Kaplan has over 10,000 employees in 27 countries, and partners include more than 12,000 businesses and 4000 educational institutions. The company's chairman and CEO is Andrew S. Rosen, and its 2020 revenue was $1.3 billion. [1] Kaplan operates through two major divisions: Kaplan North America and Kaplan International.
Kaplan Business School is a higher education institution in Australia. The school began offering degrees in 2008, in Adelaide , before expanding to other major cities across Australia. It is part of Kaplan International , headquartered in London, which is a division of Kaplan Inc. , a wholly-owned subsidiary of Graham Holdings Company .
The Series 7 is a three-hour, forty-five-minute exam. [1] It is held in one four-hour session. There are 125 questions on the test. Candidates have to score at least 72% to pass. The SIE Exam and the Series 7 Exam are co-requisite exams. [9] Average study time is between 80 and 150 hours depending on current financial knowledge. [10]
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