STEPHEN M. HORAN is managing director and co-lead of education activities at CFA Institute. Prior to joining CFA Institute, he was a principal of Alesco Advisors, LLC, and a professor of finance at St. Bonaventure University. ROBERT R. JOHNSON is professor of finance in the Heider College of Business at Creighton University and also serves as a director of RS Investment Management. Prior to joining the faculty at Creighton, he was deputy CEO of CFA Institute, responsible for all aspects of the CFA program. THOMAS R. ROBINSON is managing director of the Americas at CFA Institute. He joi...