NEW YORK (
) - For the small percentage of students who managed to scrape through Level I and Level II of the arduous Chartered Financial Analyst (CFA) exam, it is celebrations all around.
Results are out Tuesday and 39% of those who took the first level test passed, according to CFA Institute. That is up from the 36% pass rate in December 2010. 43% passed the Level II exam. The results for Level III will be available in August.
The CFA program, unlike the MBA, is focused on investment knowledge and has increasingly become a mark of distinction for investment professionals. It is often seen as career booster for Wall Street executives.
It takes four years on an average to get a CFA charter, according to the CFA Institute.
--Written by Shanthi Bharatwaj in New York
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.