Analysis of factors relating to success on the CFP® certification examination

Authors

  • Richard Cutler Department of Mathematics and Statistics, Utah State University
  • E. Vance Grange School of Accountancy, Utah State University
  • Vickie L. Hampton Texas Tech University
  • Adele Cutler Department of Mathematics and Statistics, Utah State University
  • Thomas P. Langdon Gabelli School of Business, Roger Williams University
  • Michael T. Ryan Professional Planning Group, Westerly

DOI:

https://doi.org/10.61190/fsr.v14i1.4813

Keywords:

Statistical Tests of Association, CFP Certification Examination;

Abstract

We analyzed survey data from examinees of six administrations of the CFP® Certification Examination between November 1999 and November 2001. We observed increases in the proportions of examinees that work in insurance and as attorneys, and in the proportion of persons whose highest degree is a baccalaureate. We updated earlier work on factors associated with success on the examination. One new result is that exam preparation, in hours per week, is positively associated with performance on the examination. The five variables that are most predictive of performance on the examination are exam retake (yes, no), primary business activity, registered program, SAT score, and holding a CPA license.

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Published

2005-03-31

Issue

Section

New Original Submission

How to Cite

Analysis of factors relating to success on the CFP® certification examination. (2005). Financial Services Review, 14(1), 55-72. https://doi.org/10.61190/fsr.v14i1.4813