The Demographics that Predict Success in the Australian Certified Financial Planner (CFP®) Certification Program

Figure 1.

Summary of the analysis done for age and gender

No	Hypotheses	The result of analyses
1	Gender * Success (Number of fails in CFP®)	The null hypothesis is rejected
2	Age category * Fail in CFP®	The null hypothesis is rejected
3	Gender * Number of exemption	The null hypothesis is accepted
4	Age category * Number of exemption	The null hypothesis is rejected
5	Gender * Mark	The null hypothesis is accepted
6	Age category * Mark	The null hypothesis is rejected

Education * Mark Cross-tabulation

Education		Mark in Final CFP Exam			Total
		<40	>40<50	>50
Diploma	Count% within Mark	850.0%	425.0%	425.0%	16100.0%
Adv Diploma	Count% within Mark	422.2%	844.4%	633.3%	18100.0%
Bachelors	Count% within Mark	513.2%	1847.4%	1539.5%	38100.0%
Post Grad Diploma	Count% within Mark	624.0%	1352.0%	624.0%	25100.0%
Masters	Count% within Mark	325.0%	433.3%	541.7%	12100.0%
Total	Count	26	47	36	109

Candidate Location

Postcode	Total	%
(NSW)	41	38%
(ACT)	1	1%
(VIC)	31	28%
(QLD)	11	10%
(SA)	7	6%
(WA)	16	15%
(TAS)	1	1%
(NT)	1	1%
Total	109	100%

j_fprj-2017-0002_tab_004

	Mark achieved in CFP® Final Exam
Gender	P	CR	D or HD	Total	%P	%CR	% D or HD
Male	12	36	28	76	16%	47%	37%
Female	14	11	8	33	42%	33%	24%
Total	26	47	36	109	24%	43%	33%
	Chi-Square Tests
	Value	df	Asymp. Sig. (2-sided)	Exact Sig. (2-sided)
Pearson Chi-Square	9.000	2	0.011	0.012

Education * Exemption Cross-tabulation

Education		No. of Subject Exemptions				Total
		0	1	2	3
Diploma	Count% within Mark	1381.3%	212.5%	00.0%	16.3%	16100.0%
Adv Diploma	Count% within Mark	1583.3%	00.0%	211.1%	15.6%	18100.0%
Bachelors	Count% within Mark	2873.7%	12.6%	37.9%	615.8%	38100.0%
Post Grad Diploma	Count% within Mark	520.0%	00.0%	00.0%	2080.0%	2522.9%
Masters	Count% within Mark	325.0%	216.7%	00.0%	758.3%	12100.0%
Total	Count	64	5	5	35	109

Final Examination Fail * Exemption Cross tabulation

Education	No. of Fails in Final Exam		No. of Subject Exemptions				Total
			0	1	2	3
Diploma	1.00	Count% within Exemption	975.0%	216.7%	00%	18.3%	12100.0%
	2.00	Count% within Exemption	2100.0%	00.0%	00%	00.0%	2100.0%
	3.00	Count% within Exemption	2100.0%	00.0%	00.0%	00.0%	2100.0%
	Total	Count% within Exemption	1381.3%	212.5%	00%	16.3%	16100.0%
Adv Diploma	1.00	Count% within Exemption	1076.9%	00	215.4%	17.7%	13100.0%
	2.00	Count% within Exemption	4100.0%	00%	00.0%	00.0%	4100.0%
	3.00	Count% within Exemption	1100.0%	00	00.0%	00.0%	1100.0%
	Total	Count% within Exemption	1583.3%	00	211.1%	15.6%	18100.0%
Bachelors	1.00	Count% within Exemption	1872.0%	00.0%	14.0%	624.0%	25100.0%
	2.00	Count% within Exemption	675.0%	112.5%	112.5%	00.0%	8100.0%
	3.00	Count% within Exemption	3100.0%	00.0%	00.0%	00.0%	3100.0%
	4.00	Count% within Exemption	150.0%	00.0%	150.0%	00.0%	2100.0%
	Total	Count% within Exemption	2873.7%	12.6%	37.9%	615.8%	38100.0%
Post Grad Diploma	1.00	Count% within Exemption	315.0%	00	00	1785.0%	20100.0%
	2.00	Count% within Exemption	125.0%	00%	00%	375.0%	4100.0%
	4.00	Count% within Exemption	1100.0%	00%	00%	00.0%	1100.0%
	Total	Count% within Exemption	520.0%	00%	00%	2080.0%	25100.0%
Masters	1.00	Count% within Exemption	114.3%	114.3%	00%	571.4%	7100.0%
	2.00	Count% within Exemption	125.0%	125.0%	00%	250.0%	4100.0%
	4.00	Count% within Exemption	1100.0%	00.0%	00.0%	00.0%	1100.0%
	Total	Count% within Exemption	325%	217%	0%	758%	12100%

Gender and Age

	Gender
	Frequency	Per cent	Cumulative Per cent
1.0 (Male)	76	69.7	69.7
2.0 (Female)	33	30.3	100
Total	109	100
	Age category
	Frequency	Per cent	Cumulative Per cent
1.0 (<40)	55	50.5	50.5
2.0 ( 40=<x<50)	34	31.2	81.7
3.0 ( >50)	20	18.3	100
Total	109	100

Results summary

	No. of Subject Exemptions					% who received maximum (3 exemptions)
Gender	0	1	2	3	Total
Male	40	1	4	31	76	41%
Female	24	4	1	4	33	12%
Total	64	5	5	35	109	32%
			Chi-Square Tests
	Value		df	Asymp. Sig. (2-sided)		Exact Sig. (2-sided)
Pearson Chi-Square	13.578		3	0.004		0.003

Licensee

Licensee	Total	%
AMP	3	3%
ANZ	2	2%
CBA	2	2%
IPAC	2	2%
NAB	3	3%
WESTPAC	10	9%
Others	87	80%
Total	109	100%

Prior Education

	Frequency	Per cent	Cumulative Percent
Diploma	16	14.7	14.7
Advanced Diploma	18	16.5	31.2
Bachelors	38	34.9	66.1
Post Grad Diploma	25	22.9	89.0
Masters	12	11.0	100.0
Total	109	100.0