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All you want to know about CFA Exam

May 25, 2016
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CFA Exams

Chartered Financial Analyst designation or CFA charter has become the most recognized and respected investment credential in the world. CFA program is aimed at enhancing global financial management profession and investment management. The CFA program is designed to impart knowledge which is relevant to the professional career. It also emphasizes the highest ethical and professional standards. Whoever looking for a qualification to enhance their career in finance and establish financial credentials, this program is a good opportunity for them.

To earn the CFA charter candidates have to clear the CFA Exams. The CFA Charter will not only improve your earnings but will also give you an edge to your career.

Benefits of CFA Exam:

There are plenty of career benefits that you will get after passing the three levels of CFA Exam. In this present competitive scenario, the CFA Charterholders are gaining importance for the expertise and skills they possess. This can be a career enhancer if you are a professional in finance, or wish to switch to a particular role. These are the roles industry specialists recruit maximum CFA Charters for:

  • Research Analysts
  • Portfolio Managers
  • Private Bankers
  • Manager of Managers
  • Financial Advisers
  • Relationship Managers
  • Financial Advisors
  • Financial Strategists

CFA Exam Requirements:

To clear all the CFA Exams and to earn CFA Charter, candidates must have

  • 4 years of professional work experience or
  • 4 years of total experience combination of education and work

In addition to this, the candidates must

  • Be a member of the CFA institute
  • Apply for membership to a local CFA member society

To pass CFA program candidates have to achieve following

  • Clear all the levels of the CFA Exam
  • Once you clear Level 3, you need to have the work experience as prescribed by the CFA Institute and mentioned above

Job Prospects after CFA program

CFA Exam Pattern:

  CFA Level 1 CFA Level 2 CFA Level 3
Time 6 hours 6 hours 6 hours
No of Questions 240 120 20
Format of Questions MCQ 20 Set of items Essay type
Syllabus Level 1 Level 2 Level 3

CFA Exam Fees:

The Exam registration fee for CFA is not fixed. It depends on when you register for it. The earlier you make up your mind to take the exam, the lesser you will have to pay.

It has three deadlines and there is a onetime enrollment fee that is a sum of $450. You need to pay the onetime enrollment fee to enroll into the CFA Institute. The CFA Exam fee for CFA Level 1 , CFA Level 2 , and CFA Level 3 all are same

One Time Enrollment Fee(USD) Registration Wise Fees(USD)
450 Early 650
  Standard 860
  Final 1280

CFA Exam Dates:

CFA Level 1 is held twice in a year; June and December.

CFA Level 1 CFA Level 2 CFA Level 3
June December June June

The exams usually take place on the first Saturday of the specified month.

CFA Exam Results:

The CFA institute provides the exam result and a performance summary of each topic area to all the candidates who give the CFA Exam.

CFA Level CFA Level 1 CFA Level 2 CFA Level 3
Exam Month June December June June
Results* Early July Early January Late July Early August

*Approximation on the basis past result dates

CFA Exam Registrations:

In order to complete the exam registration process, you must submit all the required information and documents viz.

  • Education information,
  • Professional Conduct Statement,
  • Candidate’s electronic signature
  • The required fees.

CFA Scholarships:

This is a need based scholarship that is provided to the candidates every year in the month of December. With this scholarship students can reduce the CFA enrollment and examination fees up to $250 including eBooks. Shipping and printing cost is not included in the scholarship fee. If you are awarded for the CFA Access scholarship you can apply for it and make sure that you meet the requirements.

The most important part throughout the CFA Preparation or CFA Exam is to be focused.

EduPristine is an authorized training provider for CFA Course by CFA Institute. Our world class facility and the level of faculty will never disappoint you throughout the whole process to become a CFA charter.


About the Author

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.


Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

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