118 Hanyang University Students Pass the 2020 CPA Exam During its 1st Testing Window
13 more students passed compared to the previous year – the university’s exam performance continues to be on the rise for 4 years
Global News Team firstname.lastname@example.org
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According to the University News Network, Hanyang University has been ranked the 6th highest in terms of the number of successful candidates that passed the CPA exam during its first testing window from the university. There is a total of 118 candidates who passed the exam from Hanyang University’s Seoul campus.
In 2017, Hanyang University had 83 successful candidates, 93 in 2018, and 105 in 2019. With 118 successful candidates in 2020, the university is showing a continuous incline in its number of successful candidates who pass the CPA exam during its first testing window for four consecutive years. Amongst the domestic universities, only Hanyang University and Korea University has been showing an incline in the number of students who passed the exam over four consecutive years. This year, there were 240 successful candidates from Korea University, who also had the greatest number of candidates that passed, with Sungkyunkwan University and Yonsei University right below them. Ewha Woman’s University marked an end to the Top 10 list with 78 passing candidates, and the Top 10 list released by the University News Network consisted mostly of major universities in Seoul.
Out of the 9054 applicants, there were 2201 successful candidates who had passed the exam during its first testing window, with a 4.1:1 competition rate. The number of applicants had increased by 542 compared to the previous year, but its competition rate was somewhat lower as the number of successful applicants expanded by 193 people. 2 years ago, the government stated that it will gradually expand the number of successful CPA exam applicants, saying that there is a need for more accountants. Because of this, this year’s CPA exam’s minimum number of applicants who are expected to pass during its second testing window are 1100 people, which is 100 more compared to last year.
Amongst the number of applicants who had passed, there were mostly university-enrolled students with 64.5%, and 25% were university graduates. This proves that out of the 10 successful candidates who had passed the CPA exam during its first testing window, 9 were very close to stepping out of their university gates and into society. Amongst the university majors, there was an overwhelming number of applicants who held business-related majors. This is because those who graduated with business degrees have strengths in certain test sections, such as but not limited to business administration, economic principles, commercial law, and accounting. As many as 77.8% of those who had passed the exam were from business-related majors.
Those who passed the exam during its 1st testing window are aiming to become the final successful candidates of the CPA exam after its 2nd testing window that is planned to take place from June 27th to the 28th. Test applications will be accepted from May 14th to the 26th, and the final successful candidates will be announced on August 28th. This year, a total of 3,519 applicants are expected to take the exam during its second testing window, including those who had passed the first testing window and those who suspended.
Meanwhile, Hanyang University operates a CPA exam class for those who pass the exam during its first testing window, for those who pass the class entrance exam that takes place every semester, and also for those who obtain excellent grades in the class’ mock exams. Admitted students will be exempted from dormitory fees and will be provided with scholarships and tuition fees. Hanyang University has had 275 students who had successfully passed the exam over the recent five years, with an average of 55 students every year, and 60 students last year. This ranks the university in 7th place for the number of successful applicants it had produced amongst all universities in South Korea.
Global News Team
Translated by: Lee Jung-joo
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