One of the main reasons the CFA exam continues to be so difficult is because the CFA institute is still seeing rising registrations to the exam. If you think about it, the more candidates they have, the easier it is for them to keep the level of knowledge required to pass the exam very high. Today, I took a look at the number of people that go into Google to search for: “CFA level 1” and you will not be surprised to see that it continues to rise over the years which is also consistent with the number of candidates who do actually take the exam every year:
I guess it’s not terribly surprising right? Of course, that does not mean it’s impossible or even unlikely that you will end up passing the exam. It does mean that you need commitment and a solid plan from the start.