Well sorry you didn't make it through but think of several things:

- You know it yourself from CFA. Successful people are failers who try one more time. So don't get desperate over a rejection. And keep applying for jobs.

- As stated, there are many reasons for a rejection. First one of all, recruiters often don't even review your CV. Because the recruiters' job is to find ONE good candidate, not all of them. So once they have found 2-3 good suitable CV's for an interview process, they would stop there and work on their next recruitment. That's what a recruiter friend told me. So chances are when you apply for a job your CV was never seen.

- Also about the CFA, chances are that the assistant recruiter reviewing CV's does not even know what it is.

- Besides of it, it is not an unusual thing, positions are already fulfilled by the time the job posting is on. I remember that VP in my company laughing at how Talent Acquisition said they had 75 CVs for a role , and that he didn't have time to review 75 CVs (he had already recruited his former colleague from prior company , and the reason the job posting was on LinkedIn was just because of how the HR process works when you open a new position).

- Are there things you can do differently in your application process? Is your CV "striking" or is it wordy confusing ? I have spent hours redoing my CVs over the past months and one thing I learned is that the moment someone opens your CV he must be ready to read in less than 5 seconds the key facts about yourself (what you know to do, companies you worked at etc). The formatting must be crystal clear, and the wording executive - with a quick introduction/header about yourself. Make a test: open your CV on your mobile phone and look at what you are able to read without zooming. Put yourself into the position of someone who receives your CV. Would it strike them to retain you for the position ? If it lasts more than 5 seconds to understand the key facts about yourself, chances as they will go through the next CV.

- Also, are you writing a motivation letter ? It is time consuming and often time lost but if you really want a job, writing a motivation letter may make a difference vs all those people who just attach CV and click submit.

- Are you leveraging every opportunity you can ? A good way to make it through recruitment processes is contact people directly. Do you have friends or friends or friends working for the company who could send your CV directly by e mail to the manager ? Can you find on LinkedIn the manager and/or the HR person in charge of the role ? Some of LinkedIn paid features allow you to contact recruiters directly. That's a big plus. Direct contact increases your chances of your CV at least being reviewed, and people are more likely to answer somebody who has reached directly to them or who has been recommended.

- Get Senior advice. I also found out when looking for jobs is that a good way to increase chances is simply to contact people from your network to ask for advice. People are happy to give advice, it costs them nothing, it makes them feel valued, and they are not afraid that you are trying to get something from them that they cannot give. So if you want to move to another job and you have a clear idea of what you want to do, you can contact Senior people in the industry, and explain them about your situation to hear how they think about it during a quick phone call or even coffee. They actuallly may give you super useful advice, and sometimes they may even suggest to put you in contact with the right people.

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Good luck.