CFA Program for Chartered Financial Analyst

About CFA 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 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) 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.
Level Style of Questions Number of Questions 240 Duration of the exam 6 hrs

Multiple Choice Multiple choice vignette style 50% essay type, 50% multiple choice

II

120

6 hrs

III

60

6 hrs

The recommended preparation time is 250 hours for each level.

Topic Area Ethical and Professional Standards (total) Quantitative Methods Economics Financial Reporting and Analysis Corporate Finance Investment Tools (total) Equity Investments Level I 15 12 10 20 8 50 10 Level II 10 5-10 5-10 15-25 5-15 30-60 20-30 Level III 10 0 0 0 0 0 5-15

Topic Area Fixed Income Derivatives Alternative Investments Asset Classes (total) Portfolio Management and Wealth Planning (total) Total

Level I 12 5 3 30 5 100

Level II 5-15 5-15 5-15 35-75 5-15 100

Level III 10-20 5-15 5-15 35-45 45-55 100

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
Payment deadlines Program enrollment (new candidates only)* $405 $420 $505 + + + + Exam registration** Total cost

21 Sep 2011: 15 Feb 2012: 14 Mar 2012:

$650 $745 $1005

= = =

$1055 $1165 $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