Drake faculty of the College of Business and Public Administration awarded scholarships to five students to take the Chartered Financial Analyst (CFA) Level 1 exam in 2018. Drake is able to award these scholarships because it is an Affiliated University of the CFA Institute. Drake obtained this designation because its undergraduate finance program incorporates at least 70 percent of the CFA Program Candidate Body of Knowledge and places emphasis on the CFA Institute Code of Ethics and Standards of Practice.
The Chartered Financial Analyst (CFA) designation is the most respected and recognized investment credential in the world with almost 140,000 charter holders worldwide. To become a CFA Institute charterholder, candidates must pass three rigorous exams and complete four years of professional work experience. The pass rate for each exam is about 35–40 percent.
The CBPA congratulates the following scholarship recipients:
- Davis Heck, finance (and first semester MBA)
- Maggie Mueller, finance
- Amelia Quek, finance
- Ali Smith, finance
- Kahmun Yap, finance