The Chartered Financial Analyst (CFA) designation is a professional designation for financial analysts established in 1963 by the Association for Investment Management and Research (AIMR). CFA Certificate Template, The professional exam is held twice a year and is one of the world’s largest professional examinations, widely recognized in the global securities investment and management industry.
The CFA curriculum is based on practical experience in the investment industry. To become a CFA charterholder, one must pass the globally standardized exams set and administered by the AIMR. The exams are divided into three levels: Level I, Level II, and Level III. Each candidate can only take one level per year. Only those who pass all three levels and have four years of experience in the financial industry will ultimately receive the charter.
How Is The CFA Certificate Looks Like?
The CFA Institute regularly conducts professional analysis of Chartered Financial Analysts worldwide to determine the relevance of the investment knowledge and skills in the curriculum to the practical work of Chartered Financial Analysts. The candidate’s Body of Knowledge™ consists of four main parts: ethical and professional standards, investment instruments (including equity securities, fixed-income products, financial derivatives, and other investment products), asset valuation (including quantitative analysis methods, economics, financial statement analysis, and corporate finance), and portfolio management and investment performance reporting.
The CFA Level I exam focuses on investment valuation and management tools, and also includes an introductory overview of asset valuation and portfolio management techniques. The Level I exam is in multiple-choice format, with 120 questions per section, totaling 240 questions.
The CFA Level II exam focuses on asset valuation and the application of investment instruments. The Level II exam is in multiple-choice format, with 60 questions per section, totaling 120 questions.
The CFA Level III exam is a comprehensive summary of the first two sections. The Level III exam is divided into two parts: the morning session includes short-answer and calculation questions, and the afternoon session is the same as Level II, with 10 item sets, each containing 6 sub-questions, for a total of 60 questions.