by PRP Group, on 02/13/2023
Many financial planners have an interest in becoming a Chartered Financial Analyst (CFA). But while some understand what they are getting into when they decide to take the exam — the cost, the time it will take, and how having the charter will help their careers — others don't.
Before you make that decision, it is crucial to understand that earning the CFA designation is a grueling process. You need to consider whether the benefits for your career outweigh the challenges associated with studying for and passing three notably difficult exams (the pass rate for the August 2022 CFA level 1 exam was 37%).