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What is a CFA Charter?
A Chartered Financial Analyst (CFA®) charter is a designation given to those who have completed the CFA® Program and completed acceptable work experience requirements.
The CFA Program is a three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, and wealth planning. The CFA Program is typically completed by those with backgrounds in finance, accounting, economics, or business. CFA charterholders earn the right to use the CFA designation after program completion, application, and acceptance by CFA Institute. CFA charterholders are qualified to work in senior and executive positions in investment management, risk management, asset management, and more.
CFA level 1 is a computer-based exam consists of two sessions having a duration of 2 hours and 15 minutes and consists of 90 MCQ’s each. There is a 30 minute optional break between sessions. All questions are equally weighted and there is no negative marking. The exam is offered four times in a year in February, May, August and November. For more details on eligibility and enrolment requirements
visit: https://www.cfainstitute.org/en/programs/cfa/exam
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CFA Level 2 is a computer-based exam consists of two sessions having a duration of 2 hours and 15 minutes and consists of 44 MCQ’s each. Each item set on the CFA exam consists of a vignette (or case statement) and four multiple choice questions. Conducted three times a year in May, August and November. For more details on eligibility and enrolment requirements
visit: https://www.cfainstitute.org/en/programs/cfa/exam
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CFA Level 3 is an exam with 2 sessions. The morning session is constructed response where you need to type your answers. The second session is a case based multiple choice format. Candidates will choose one of three "specialized pathway" options at registration. Upon registration, the study materials provided will relate to the selected Pathway. Pathways can not be changed once registration is completed. 65-70% of the Level III exam topic weight will relate to the "Common Core" while the remaining 30-35% will relate to the selected Pathway. Questions related to the selected pathway will be a mix of item-set and essay just as for the common core. For more details on eligibility and enrolment requirements
visit: https://www.cfainstitute.org/en/programs/cfa/exam