Why investment analysts should fear for their jobs

So far the phenomenon of outsourcing is generally associated with manufacturing or call centre jobs. But China's 'new-found' service economy could soon threaten London's dominance as a financial centre...

If the latest raft of results from the Chartered Financial Analyst exams is anything to go by, European and US financial institutions should keep a close watch on the Chinese service sector. The CFA exams statistics reveal that the numbers of Chinese qualifying as investment analysts is rapidly expanding.

The number of people taking these exams in China rose 15% this year to 1,300 and with a 54% pass rate, China has the highest success rate in the world. India has also seen a huge expansion in the number of CFA entrants and along with China these two fast growing markets now account for 12% of all CFA entrants world wide.

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