The State of the Art of Large Language Models on Chartered Financial Analyst Exams (2024.emnlp-industry)
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Mahmoud Mahfouz, Ethan Callanan, Mathieu Sibue, Antony Papadimitriou, Zhiqiang Ma, Xiaomo Liu, Xiaodan Zhu
| Challenge: | Chartered Financial Analyst (CFA) program is widely recognized globally . study compares state-of-the-art large language models with open-source models . proprietary models pass levels I and II, but fail at level III due to essay questions . |
| Approach: | They benchmark five leading proprietary models and eight open-source models on mock CFA exams to provide an overview of their financial analysis capabilities. |
| Outcome: | The models on the mock CFA exams pass the highest scores, but fail at the lowest levels due to essay questions. |
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