About CFA® Program
For the most up-to-date information about the CFA Program, please refer to the official website at https://www.cfainstitute.org/programs/cfa
What do CFA® charterholders do in real world?
According to CFA Institute website, the top five global chaterholder roles are
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Portfolio manager
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Research analyst
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Chief Level Executive
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Consultant
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Risk manager
CFA® Program overview
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The CFA designation is recognized widely by employers globally
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Aim at fluency in practical investment analysis skills
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Consists of three levels of examinations
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Level I exam is offered four times a year
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Level II & III exam are offered twice a year
How do I enter the CFA® Program?
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A bachelor's (or equivalent) degree or 24 months before bachelor's degree program OR four years of professional work experience (does not have to be investment related)
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Register directly at CFA Institute official website (www.cfainstitute.org)
Becoming a CFA® Charterholder
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Pass all three levels of exam
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Accrued (before or after the exam) a total of 36 months of relevant work experiences
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Submit 2-3 sponsor statements
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Join CFA Institute as a Regular Member
Computer-based Exam
Level I
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Session 1: A total of 90 MC questions
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Session 2: A total of 90 MC questions
Level II
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Session 1: 11 item sets, total 44 MC questions
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Session 2: 11 item sets, total 44 MC questions
Level III
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Session 1: 5/6 essay-type or item sets questions
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Session 2: 5/6 essay-type or item sets questions
Fees
Enrollment fee (for Level I new candidates only)
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US$350
Exam registration fee
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US$900 (early) or US$1,200 (standard)
Topic Area Weights
Level I Level II Level III
Ethical & Professional Standards 15-20% 10-15% 10-15%
Quantitative Methods 6-9% 5-10% -
Economics 6-9% 5-10% 5-10%
Financial Statement Analysis 11-14% 10-15% -
Corporate Issuers 6-9% 5-10% -
Equity Investments 11-14% 10-15% 10-15%
Fixed Income 11-14% 10-15% 15-20%
Derivatives 5-8% 5-10% 5-10%
Alternative Investments 7-10% 5-10% 5-10%
Portfolio Management & Wealth Planning 9-12% 5-15% 35-40%
Total 100% 100% 100%