CFA Course Details

CFA Course Details

 

Chartered Financial Analyst is the full name of the CFA, which stands for Chartered Financial Analyst. CFA is a well-known course taught by the CFA Institute in the United States. In financial services and management, the CFA is a well-respected degree. It is also the highest level of investment management and analysis.

 

The CFA syllabus has 10 core subjects taught at three different levels over three years. There are three CFA Levels: CFA Level 1, CFA Level 2, and CFA Level 3. People who want to go to CFA in 2022 will be put on a "merit list" based on their grades and work experience.

 

Table of Contents

 

1. What is the CFA Course?

2. Important dates for the CFA 2022

3. Requirements for participation

4. Information about the CFA Examination

5. Subjects

6. FAQs

 

What is the CFA Course?

CFA Program is the three-part exam that tests your knowledge of investment tools, how to value assets, how to manage a portfolio, and how to plan for your wealth. It is usually done by people who have a finance, accounting, economics, or business.

 

Important dates for the CFA 2022

List of all the levels and dates of the CFA 2022 exams.

 

CFA Level 1

Session	Time for Exams
February	February 15 – February 21
May	May 17 to 23
July	July 18 to 24, 2021

CFA Level 2

Session	Time for Exams
February	Feb 22 – Feb 26
August	August 30 – September 3, 2021

CFA Level 3

Session	Time for Exams
May	May 24 – May 26
August	September 30 – September 6

Requirements for participation
 

For CFA aspirants to qualify for the course, they must meet the following requirements.

 

• This course is open to students with a bachelor's degree in a finance-related field. The institutes look for candidates with a fundamental understanding of Banking, Finance, and Investments, further refined through the CFA course.

 

• An applicant must have a minimum working experience of 4000 Hours or a combination of 4000 hours of educational or work experience over a minimum period of three years before registering for the level I exam.

 

• As many as 150,000 people from even more than 165 countries are CFA charter owners, so there is a lot of competition in the CFA course. To show that you are credible, you will need to send in reference letters from more than two well-known and well-established people in your field.

 

Information about the CFA Examination

The CFA course is broken up into three levels of exams that you need to pass to become a professional. There are three levels of the CFA to help you understand how this course works:

 

Level 1

Candidates were tested on their knowledge and comprehension of financial investment and its numerous tools and approaches in the first level of the examination. CFA Level I characteristics are summarised in the following table:

 

Exam Structure	180 Questions
Exam Length	2 Sessions:  1. The morning session consists of 90 Questions in Three hours 2. The Afternoon Session consists of 90 questions in Three hours
Question Format	MCQ's
Result Announcement	Within 60 days of the examination
Progression to the next level	Following successful completion of the enrollment requirements for the next level
Completion Rate of Level	43%

Level 2
 

Candidate knowledge is tested on case study applications in finance and investment and critical issues relevant to asset valuation facilitation at this level of the CFA course. The exam pattern for this level may be seen in the following table:

 

Exam Structure	88 MCQs (supported by 20-30 vignettes)
Exam Length	Two Sessions: 1. Morning Session consists of 44 questions supported by 10-15 vignettes in 2 hours and 12 minutes 2. Afternoon Session consists of 44 questions supported by 10-15 vignettes in 2 hours and 12 minutes
Format of the Questions	MCQ's
Result Announcement	Within 60 days of the exam
Progression to the next level	Passing of Level 1 of the examination
Rate of Level Completion	45%

Level 3
 

The CFA course requires applicants to exhibit asset management synthesis & assessment at higher levels. In the following table, you'll get an overview of what the final test level entails:

 

Structure of the Exam	A varied number of questions constructed around 20-30 specific case studies
Length of the Exam	Two Sessions: 1. The Morning Session consists of 8-11 case study-based and response-based questions in 2 hours and 12 minutes 2. The Afternoon Session consists of 44 MCQs with case study-based in 2 hours and 12 minutes
Questions Format	Vignette-based MCQ's and Constructed Response Questions
Result Announcement	Within 90 days of the exam
Progression to the next level	Passing of Level 2 of the exam
Rate of Level Completion	56%

Subjects

CFA students need to master the following core subjects.

 

• Ethical and Professional Standards

• Quantitative Methods

• Economics

• Financial Statement Analysis

• Corporate Issuers

• Equity Investments

• Fixed Income

• Derivatives

• Alternative Investments

• Portfolio Management and Wealth Planning

 

FAQ’s

 

Ques. Is it possible to apply for CFA during my last year of college?

Ans. Yes, students who are appearing in class are eligible for CFA.

 

Ques. Is prior job experience a requirement for becoming a CFA?

Ans. Yes, a minimum of four years of work experience is required.

 

Ques. What is the wage package after completing the CFA programme?

Ans. Compensation after CFA might vary between Rs. 8,00,000 and Rs. 25,00,000 per year.

 

Ques. Is there a high level of competitiveness in the CFA?

Ans. There might be anything between 40% and 50% of competitiveness depending on the degree of the competition.

 

Ques. What is the length of the CFA agreement?

Ans. The length of CFA ranges from 1.5 to 4 years in length.

 

Ques. Are there any CFA programmes offered at universities in other countries?

Ans. Yes, there are a number of CFA programmes offered by colleges throughout the world.