By Dave Wiley, CFA - Vice President Kaplan Schweser


Today the CFA Institute (www.cfainstitute.org) released the exam results from the December 2009 Level I CFA Exam. Of the roughly forty-four thousand candidates who took the exam, only 34% passed. The June 2009 Level I CFA Exam pass rate was 44%, ten percentage points higher. Historically, the Level I pass rate has never been lower, and it has only been at this level twice before.

The pass rates published by the CFA Institute only account for individuals that were in attendance for the...