There is a difference.
For cfa, it’s out of those who registered. So those who sign up and do not show up on the exam date ( those empty seats you see…) are also included. On the other hand, the caia includes only those who actually took the exam. I am guessing that if the cfa uses the actual test taker number for the denominator, the passing rate would be higher and comparable to that of caia.
For cfa, it’s out of those who registered. So those who sign up and do not show up on the exam date ( those empty seats you see…) are also included. On the other hand, the caia includes only those who actually took the exam. I am guessing that if the cfa uses the actual test taker number for the denominator, the passing rate would be higher and comparable to that of caia.