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AbouttheCFAProgramExam

ExamResultInformation

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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.

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Logintoaccessyourcandidateresources(includingyouradmissionticket,studyplanner,practicetests,andmockexam,whenavailable)

June2014CandidateSurvey

90%ofcandidatesagreedtheexamfairlyrepresentedtheCFAInstituteassignedcurriculum.Viewthereport(PDF).

CFAProgramTestingAccommodationsCandidateswithanimpairmentwhichlimitstheirabilitytositfortheexammayrequesttestingaccommodations.

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