CFA® Program for Chartered Financial Analyst

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CFA(R) Program for Chartered Financial Analyst
About CFA(R)
*
Administered by CFA Institute, USA
*
Minimum time to pass all three exams: 1.5 years
*
Average time: 4 years
*
Recommended 250 Hrs of study for each exam level
*
CFA(R) charter holder membership requirements include, but not limited to 48 months of
acceptable professional work experience and passing the Level I, Level II, and Level III
exams.
Benefits of Chartered Financial Analyst(cfa)(R) designation
*
Most recognized global designation for finance professional in the world
*
Chartered Financial Analysts are regarded as an expert in finance by clients, recruiters
and employers
*
Especially useful in Investment Banking, Portfolio Management, Investment Research and
Security Analysis
See course syllabus, fees, important dates and training schedule for CFA Level I
See course syllabus, fees, important dates and training schedule for CFA Level II
Structure of the Exam
Level I exam is available in June and December each year. Level II and III exams are
available in June each year.
Number of
Duration of the
Level
Style of Questions
Questions
exam
I
Multiple Choice
240
6 hrs
Multiple choice
II
120
6 hrs
vignette style
50% essay type, 50%
III
60
6 hrs
multiple choice
The recommended preparation time is 250 hours for each level.
Topic Area
Level I
Level II
Level III
Ethical and Professional Standards (total)
15
10
10
Quantitative Methods
12
5-10
0
Economics
10
5-10
0
Financial Reporting and Analysis
20
15-25
0
Corporate Finance
8
5-15
0
Investment Tools (total)
50
30-60
0
Equity Investments
10
20-30
5-15

Topic Area
Level I
Level II
Level III
Fixed Income
12
5-15
10-20
Derivatives
5
5-15
5-15
Alternative Investments
3
5-15
5-15
Asset Classes (total)
30
35-75
35-45
Portfolio Management and Wealth Planning (total)
5
5-15
45-55
Total
100
100
100
Certification Fee
Chartered Financial Analyst Levels I, II, and III : Fee (program enrollment+ exam
registration) varies from $1035 - $1460, with lower fee for early registrations. Returning
candidates do not need to pay the program enrollment fee.
Dec 2011 CFA Exam Level I
Program enrollment
Payment
Exam
Total
(new candidates
+
=
deadlines
registration**
cost
only)*
21 Sep 2011:
$405
+
$650
=
$1055
15 Feb 2012:
$420
+
$745
=
$1165
14 Mar 2012:
$505
+
$1005
=
$1510
*A candidate pays the Program enrollment fees only once.
**The exam registration fees also include the complete curriculum and one mock exam per
level.
For More information please visit CFA Institute Website & Fees page on CFA Institute website