Webster Vienna Students Pass Rigorous CFA Finance Exam

| April 1, 2014
Philipp Prassl and Torben Wiegand put in roughly 300 hours of preparation.

Philipp Prassl and Torben Wiegand put in roughly 300 hours of preparation.

In 2013, Webster University in Vienna received recognition by the CFA Institute as the first and only university in Austria to be a CFA partner. The institute is renowned for its CFA charter. Upon the successful completion of the three progressively harder levels, one is entitled to carry the exclusive title CFA, a so-called “door opener” into the professional world of finance.

The Master of Science in Finance program at Webster Vienna has been acknowledged as incorporating at least 70 percent of the Chartered Financial Analyst® (CFA®) Program Candidate Body of Knowledge.

In December 2013, two students at the Webster Vienna campus, Philipp Prassl from Austria and Torben Wiegand from Germany, passed the Level 1 exam.  The CFA Level 1 exam is held on two dates per year around the world with only a general passing rate of 41 percent.

For these two outstanding students, approximately 300 hours of intensive preparation, including two 3-day preparation seminars at the Viennese CFA Institute, have paid off. Moreover, the students will be taking on the challenge of testing for Level 2 in June.

Due to Webster Vienna’s partnership with the CFA Institute, five scholarships have been offered out to students taking the CFA exams for the June 2013-June 2014 period. The scholarships enable more and more students to achieve the next professional level during or after their Master studies.

Originally posted in the news section at Webster University Vienna

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Category: International & U.S. Campuses, Student Affairs and News

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