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3/22/2015 AbouttheCFAProgramExam
http://www.cfainstitute.org/programs/cfaprogram/exams/Pages/index.aspx 1/6
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Home / Programs / CFAProgram / AbouttheExam
AbouttheCFAProgramExam
ExamResultInformation
AftertheexamAboutexamresultsUnderstandingyourexamresult
TheCFAProgramincludesaseriesofthreeexamsLevelsI,II,andIII.Theexams:
AreofferedannuallyattestcentersaroundtheworldonthefirstSaturdayinJune.TheLevelIexamisalsoofferedinDecember.Mustbepassedsequentially.AreavailableinEnglishonly.
Theexamcontent,format,andlearningfocusincreaseincomplexitywitheachlevel.Forexample,theethicalandprofessionalstandards
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curriculumcontentissimilarforeachexamlevel.However,candidatesareaskeddifferenttypesofquestionsaboutthosestandards:
LevelIwilltestyourknowledgeofthestandards.LevelIIwilltesthowyouapplythosestandardstosituationsanalystsface.LevelIIIwilltesthowyouapplythestandardsinaportfoliomanagementandcompliancecontext.
Ingeneral:
LevelIexamsconsistsofbasicknowledgeandcomprehensionquestionsfocusedoninvestmenttoolssomequestionswillrequireanalysis.LevelIIexamsemphasizemorecomplexanalysis,alongwithafocusonvaluingassets.LevelIIIexamsrequiresynthesisofalltheconceptsandanalyticalmethodsinavarietyofapplicationsforeffectiveportfoliomanagementandwealthplanning.
PreparingfortheExam
TopicareaweightsbyexamlevelExamplesofexamquestionsStudysessionoutlinesandLOSCurriculumanderrata
TakingtheExam
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Logintoaccessyourcandidateresources(includingyouradmissionticket,studyplanner,practicetests,andmockexam,whenavailable)
June2014CandidateSurvey
90%ofcandidatesagreedtheexamfairlyrepresentedtheCFAInstituteassignedcurriculum.Viewthereport(PDF).
CFAProgramTestingAccommodationsCandidateswithanimpairmentwhichlimitstheirabilitytositfortheexammayrequesttestingaccommodations.
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