The year was 1963. In the UK, the government sought to establish stronger ties with Europe after its request to join the Common Market was denied. In America, 284 securities analysts sat the inaugural exam administered by The Institute of Chartered Financial Analysts - the pass rate was 94%. How times have changed over the past half century.
These days, tens of thousands of candidates sit the Level III CFA exam each June and pass rates hover around (but are often below) 50%. If you are among those who did not pass Level III, I empathize. I have been in your shoes - twice. If you are among those who did pass, I recommend that you take some time to enjoy your accomplishment, but you will almost certainly ignore this advice because you have already turned your attention to the last major obstacle standing between you and the ability to put those coveted three letters on your business card - specifically, the work experience requirement.