June 2014 CFA® Program Candidate Survey ResultsCandidates rate the value of earning the charter very highly with an average value rating of 8.9 out of 10
The pre- and post-exam surveys were conducted among a random sample of half of the June 2014 CFA Program candidates. The pre-exam survey was open from 12 to 26 May and the post-exam survey from 23 June to 7 July. 15,195 candidates responded to the pre-exam survey (21% response rate with a margin of error of ±0.7%) and 21,432 candidates responded to the post-exam survey (30% response rate with a margin of error of ±0.6%).
On average, candidates spent 307 hours studying for the June 2014 exam.
79% of candidates used the CFA Program curriculum to prepare for the exam. Of those using the resource, 98% indicated that it improved their understanding of important topics and 81% said it prepared them well for the exam.
61% of candidates found the exam to be as difficult as they expected and 32% said it was more difficult. Fixed Income was considered the most difficult topic on the exam followed by Derivatives.
Employment OutlookCandidates report a more optimistic employment outlook than last year. 46% expect employment opportunities for investment professionals in their local markets to increase in the coming year (up from 40% in 2013); 46% expect opportunities to stay the same; and 8% expect opportunities to decrease (down from 13% in 2013.)