Everything You Need to Know About the Cfa Exam

How to Become a CFA Charterholder

Pass CFA Exams

CFA Program contains 3 levels of curriculum, each with its own exam. Passing the test for all 3 levels is a requirement to obtain the CFA charter.
Achieve Qualified Work Experience

Complete work experience requirements before, during, or later on participation in CFA Program. Your experience must be straight involved with the investment decision-making process or producing a work production that informs or adds value to that process.
Submit Reference Letters

In support of your membership application, you will need to provide 2-3 professional references. References will be asked to comment on your work feel and professional character.
Employ to Become a Charterholder

Use to become a regular member of CFA Institute. One time your application is canonical and you have joined CFA Constitute, you will have earned the CFA charter.

Each year, we survey CFA Programme candidates earlier and after the June test to measure out and amend the CFA candidate experience. The surveys ask for feedback across several areas, including exam preparation, curriculum, exam value, and employment outlook. View the June 2019 CFA Plan candidate survey results.

Enrollment Criteria and Requirements for CFA Programme

To become a CFA candidate, you must enroll in CFA Plan and register for the Level I exam. In social club to enroll you must encounter all of the qualifications listed below. Nosotros have provided helpful information below to guide y'all through the enrollment process and to continue you on rails for registration. For further questions about CFA Program enrollment requirements, delight refer to these FAQs.

Bachelor's Degree

Consummate a available's program or equivalent programme and take received a degree from the college/academy. If y'all are not sure if your program is comparable, consult your college or academy.

Undergraduate Educatee

Your selected exam window must exist 11 months or fewer earlier your graduation month for your bachelor's degree or equivalent program. Understand that you must consummate your caste plan prior to the date of sitting your Level II examination.

Professional Work Experience

Have a combination of 4,000 hours of work experience and/or higher educational activity that was acquired over a minimum of three sequential years and achieved by the appointment of registering for the Level I exam. The dates of education and professional piece of work experience cannot be overlapping. If you have a combination of work experience and higher education to achieve the minimum hours and years, assume that higher education takes 1,000 hours per yr.

Professional piece of work feel does not need to be investment related. Internships/articleships are accepted if they are paid. Work experience with your own business or your family business will authorize just if information technology is professional experience for which yous are paid.

What does professional piece of work experience mean? Professional work experience requires specialized knowledge, pedagogy, or advanced skills. Professional work feel requires the application of college-level judgement and business skills, including:

Leadership and teamwork
Business organisation communications
Critical thinking and trouble solving
Fourth dimension direction
Professional judgement
Analytical skills
Adaptability

Candidates applying to register for CFA Program without completing a available's degree must honestly evaluate whether their professional work feel has equipped them for the significant volume and depth of study demanded by CFA Plan.

Please note that CFA Found may request proof of didactics (copy of diploma, marksheet, whatever other relevant documents) and/or work experience (letter of employment, salary slips, any other relevant documents) to be submitted at any phase of your journey equally a candidate or even later becoming a member in lodge to demonstrate entrance requirements were met. Failure to provide requested documentation relevant to entrance requirements may result in counterfoil of a electric current exam registration, withholding of exam results, voiding of by test results, and may lead to investigation and disciplinary action by the CFA Institute Professional Conduct Program.

CFA Establish requires that every CFA Program candidate have a valid international travel passport. Those without a passport volition not be able to annals or sit for exams.

CFA Program exams are just offered in English. Exams require English proficiency for reading comprehension and formulating answers to complex fiscal scenarios.

All candidates in CFA Program must complete a Professional Conduct Statement form to attest that they are in compliance with this requirement.

There are some countries with which CFA Found cannot piece of work. Review the OFAC Policy to check if there are any sanctions on your country.

Stay Ahead of the Curve

Apply these resources to acquire more about what to await from CFA Plan. Acuminate your skills by downloading the economics prerequisite textile to castor up on your foundational knowledge.

CFA Program Factsheet (PDF)

Economics Prerequisite (PDF)

Access additional CFA Plan resources

CFA Program vs. MBA

Both the CFA charter and an MBA program offer benefits that tin advance your career. While there are some similarities between the two, at that place are a few key differences. Examine the nautical chart beneath to consider which education is more than aligned to your career goals.

	CFA Program	MBA Program
Career Path	Investment Analysis and Portfolio Direction	Business Management
Class Requirement	900+ hours of self report 10 topic areas 4,000 hours of qualified work experience	ii–4 years depending on plan Grade attendance and participation No exercise requirements
Program Cost	USD2,400–four,590 depending on fee deadline	USD80,000–125,000 depending on program
Industry Recognition	Benchmarking by NARIC, as comparable to a Qualifications and Credit Framework (QCF) Main's Level 7 Waivers from licensing exams in 27 countries	Accredited MBA programs are widely recognized by employers
Educational Focus	Deep knowledge of investment analysis, direction, and ethics	Broad knowledge of core business organisation concepts with some opportunity to specialize
Program Difficulty	Low barrier for entry, loftier attrition rate	Loftier barrier for entry, low attrition rate
Award for Completion	Charter: professional designation	Degree document
Networking Opportunities	167,000+ CFA Institute members	Depends on specific MBA program

Get Familiar with CFA Program

Curriculum Overview

Become a snapshot of the topics covered by CFA Programme and discover other of import curriculum material.

Explore Curriculum

Three Levels of Exams

Learn nigh the structure, timing, and cost of CFA exams.

Test Information

CFA Program Scholarships

We offering scholarships to assist qualified candidates pay for exam fees.

Use for a Scholarship

Become a Fellow member of CFA Plant

You don't have to be a CFA charterholder—or even a candidate in the CFA Program—to become a member of CFA Found. We offer two types of membership—regular and affiliate—to reverberate the range of experiences investment professionals take. Membership to CFA Institute and a local lodge gives you admission to career resources, networking opportunities, standing education, and other benefits that support yous across the curriculum and exams.

Explore Membership

Are You Set up to First CFA Program?

Enroll and register for the CFA exam.

Don't delay; complete your registration to access study materials and candidate resource to brainstorm the CFA Program today.

Learn from our Experts

Admission theInvestment Professional of the Futurity study to discover how changing roles, new skills, and evolving organizational cultures are shaping career paths in the investment manufacture.

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Source: https://www.cfainstitute.org/en/programs/cfa/charter