Only 25% Passed This Year's CFA Level 1 Exam

The transcript discusses the decline in CFA exam pass rates, with only 25% of candidates passing the latest test compared to the historical average of 42%. The CFA program, which requires significant study time, is debated for its value, with some considering it a waste of time. Jared Dillian's opinion piece argues against the program's worth, while a recent CFA candidate shares insights on the exam's demands and its role as an entry-level qualification in finance.

What is Jared Dillian's opinion on the CFA program?

What does the CFA exam not prepare candidates for, according to the discussion?