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Home > Certifications > Chartered Financial Analyst

Chartered Financial Analyst (CFA)

The CFA Program is a global standard for measuring portfolio management and investment analysis competence and integrity, the CFA Program offers a challenging self-study program for busy investment professionals.
Certification Summary
Examination Papers & Topics
  • There are three required levels of exams with one exam on each level (Level I, Level II, and Level III)
  • The CFA Candidate Body of Knowledge (CBOK) is: 
  1. Ethical and Professional Standards
  2. Quantitative Methods
  3. Economics
  4. Financial Reporting and Analysis
  5. Corporate Finance 
  6. Equity Investments
  7. Fixed Income
  8. Derivatives
  9. Alternative Investments
  10. Portfolio Management and Wealth Planning
 
Examination Style
  • Each exam is six hours long and is split between morning and afternoon sessions. There is a two-hour lunch break at the end of the morning session.
  • The Level I exam is composed of multiple-choice questions.  Read more about the question formatting conventions used on the Level I exam.
  • The Level II exam is composed of item-set questions (or "mini case") questions and is offered in June only. Read more about the question formatting conventions used on the Level II exam.
  • The Level III exam is composed of item-set and essay questions and is offered in June only. Read more about the item-set and essay question formatting conventions used on the Level III exam.
  • Candidates must wait to receive their exam results before registering for the next exam because the results will determine whether a candidate must repeat the current level or advance to the next level.
  • Exam results are reported as "pass" or "fail" within 90 days (60 days for Level I) of the exam date.
Examination & Results Dates
  • The Level I exam is is ffered in June and December.
  • The Level II exam is ffered in June only.
  • The Level III exam is offered in June only.
  • Exam results are reported as "pass" or "fail" within 90 days (60 days for Level I) of the exam date.
  • Candidates must wait to receive their exam results before registering for the next exam because the results will determine whether a candidate must repeat the current level or advance to the next level.

 

Examination Mode Paper-based
Areas of Specialization
  • Banking and Finance
Professional Body CFA Institue
Location of Incorporation United States