CFA Institute ®
Chartered Financial Analyst (CFA)
CFA stands for Chartered Financial Analyst. This is a professional designation related to finance and is awarded to individuals by the CFA Institute®. In order to attain this designation, the prospective candidate must complete a set of requirements set forth by the CFA Institute. For more information you may visit the CFA Institute site at www.cfainstitute.org. The CFA designation is highly regarded in the financial services industry and represents an advanced level of knowledge and experience.
CFA Institute is the global, not-for-profit association of investment professionals that awards the CFA and CIPM designations
Topic Area Weights for the CFA Exam
| TOPIC AREA | LEVEL 1 | LEVEL 2 | LEVEL 3 |
| Ethical and Professional Standarts (Total) | 15 | 10 | 10 |
| Quantitative Methods | 12 | 5-10 | 0 |
| Economics | 10 | 5-10 | 0 |
| Financial Statement Analysis | 20 | 15-25 | 0 |
| Corporate Finance | 8 | 5-15 | 0 |
| Investement Tools(total) | 50 | 30-60 | 0-10 |
| Equity Investments | 10 | 20-30 | 5-15 |
| Fixed Income | 12 | 5-15 | 10-20 |
| Derivatives | 5 | 5-15 | 5-15 |
| Alternative Investments | 3 | 5-15 | 5-15 |
| Asset Classes(total) | 30 | 35-75 | 35-45 |
| Portfolio Management and Wealth planning(total) | 0-10 | 5-15 | 45-55 |
| TOTAL | 100 | 100 | 100 |
Entry Requirements
- Have a U.S. bachelor’s (or equivalent) degree or be in the final year of your bachelor's
degree program at the time of registration, scheduled to receive a bachelor's degree
(students who successfully complete Level I of the CFA examination will not be allowed to
progress to Level II until CFA Institute receives degree confirmation); or have four years
of qualified, professional work experience or a combination of work and college
experience that totals at least four years. - Meet the professional conduct admission criteria (during the application process, you will
be asked to sign statements of Professional Conduct and Candidate Responsibility) . - Be prepared to take the exams in English.
Exemptions
N/A
Study Options
- The recommended total study hour for each level is approximately 500 hours.
- 4-hour tuition per week at Glamis.
Duration
7 months per level
Semesters
November to May
Four Steps To Enroll and Register in the CFA Program
Before you enroll in the CFA Program and register for your first exam:
- Meet the entrance requirements:
* Have a U.S. bachelor's (or equivalent) degree o or be in the final year of your bachelor's degree program at the time of registration
o or have four years of qualified, professional work experience
o or have a combination of work and college experience that totals at least four years
(Note: Summer, part-time, and internship positions do not qualify.) * Understand the professional conduct requirements (you will be asked to sign statements of Professional Conduct and Candidate Responsibility)
* Be prepared to take the exams in English - Decide when to take your exam and review the exam fee schedule
- Know your candidate responsibilities
- One-off Enrolment Fee: Rs 1000
- Please call us for details of the most up-to-date fees.
- No cash payment in foreign currency.
- Study Solutions from Schweser (Study Notes + Online Learning Materials)
- 7 Months Tutorials
- Revision Sessions
- Mock Exams
- Administrative Support
- CFA Approved Calculator
- Four certified passport-size photographs
- Certified copy of National Identity Card
- Certified copy of all qualifications
- Certified copy of Birth Certificate
- Copy of C.V
- For employees who are on the firm’s payroll and for whom the employer is contributing the levy and who are sponsored by their employers, the employer can claim 20% of the fees paid under the levy grant system.
- In case of non sponsored employees following similar courses, and for whom levy is being paid by the employer, the HRDC will refund directly to the employee 20% of the fees paid.
- All such payments will be effected upon proof of admission and payment. Employees should have followed the course for at least 6 months before making any such claim.
June 2010 CFA Exam Fees
Levels I, II, and III
| Payment deadlines | Program enrollment(new candidates only) | + | Exam registration* | = | Total cost |
| 23 Sep 2009: | $400 | + | $620 | = | $1020 |
| 17 Feb 2010: | $400 | + | $710 | = | $1110 |
| 17 Mar 2010: | $480 | + | $955 | = | $1435 |
Returning candidates pay only the exam registration fee.
*The exam registration fees also include the complete curriculum, one mock exam per level, and one sample exam (December 2009 candidates). The curriculum portion of the fees may be taxed in some U.S. states and Canada. Customs policies vary widely from country to country. International shipments may be subject to import duties and taxes, which are levied once a shipment reaches your country. You must pay any additional charges for customs clearance; we have no control over these charges and cannot predict what they may be. Delivery delays may result if customs does not receive appropriate documentation. Contact your local customs office for further information.
Enrollment and registration fees are nontransferable and nonrefundable. Application and payment must be received by CFA Institute by 12:00 midnight Eastern Time on or before the application deadline. Full refunds are available within two business days of payment if you change your mind. Registration deferrals are also considered on a case-by-case basis for life-threatening or serious illnesses (candidate or immediate family), extreme emergencies, and mandatory military service.
If you need to apply for a visa to travel to a distant test center, please make arrangements well in advance. It is your responsibility to secure any necessary travel documents.
Candidates re-registering for the same exam level in a future calendar year will receive a $50 discount on the exam registration fee. The discount will be applied in the shopping cart during online registration. June Level I candidates who re-register in the same calendar year (Level I exams are held in June and December) will not be charged again for the curriculum.
___________________________________________________________________________________2010 June Exam - important dates:
| 23 September 2009 | First deadline for new CFA Program enrollments and exam registrations to be received by CFA Institute |
| 1 February 2010 | Final deadline for scholarship forms to be received by CFA Institute |
| 17 February 2010 | Second deadline for new CFA Program enrollments and exam registrations to be received by CFA Institute |
| 17 March 2010 | Final deadline for new CFA Program enrollments and exam registrations to be received by CFA Institute |
| 22 March 2010 | All test center change requests must be received by CFA Institute |
| 22 March 2010 | Final deadline for disability accommodation requests and requests for religious alternative dates to be received by CFA Institute |
| Late April 2010 | Exam admission tickets available online |
| 5 June 2010 | Exam date |
| 6 June 2010 | Exam date in Eastern Asia and Oceania |
| June-July 2010 | Exams graded |
| Late July 2010 | Exam results available online for Level I candidates |
| Late August 2010 | Exam results available online for Level II and III candidates |
Level I Withdrawal Option
Withdrawal forms must be received by CFA Institute by the deadline date listed on the form. Late withdrawal forms will not be processed or returned. If you do not withdraw by the deadline, you will not be able to re-register for the next Level I exam until Level I results for the current exam have been released.
As a re-registering candidate, an additional program enrollment fee is not necessary; however, you are required to pay an exam registration fee for each exam as determined by the fee schedule.
* You cannot defer registration fees from one exam to the next * You will not receive any refund of fees * You may only be registered for one exam at any time * Registration forms must be received by CFA Institute no later than the final registration deadline for that exam * The curriculum and suggested readings will change from year to year and the exam is based on the curriculum assigned that year. The Level I curriculum does not change from June to December * Even after submitting your withdrawal form, you will be unable to register online until your withdrawal has been processed. Please allow 7-14 days for processing * Once processed, withdrawals will not be reversedOnce your withdrawal has been processed, another registration form and registration fee must be submitted if you want to re-register for the original exam. CFA Institute will not accept registration forms submitted after the published deadlines. We strongly suggest submitting a paper registration form along with the withdrawal request form for quicker processing.
There are no withdrawal options for Levels II and III.
Note that beginning with the 2008 exams, the curriculum will be included as part of the exam registration. Find out more.
_______________________________________________________________________________________________FAQs: CFA Program
What is the CFA Program? I thought it was an exam
The CFA Program is an educational program that tests your mastery of a body of knowledge through a series of exams. If you pass these three exams and meet other requirements, you earn a CFA charter. Read the program overview.
What is a CFA charter?
The CFA charter is the designation you earn when you successfully complete the CFA Program. When you earn a charter, you become a CFA charterholder.
What is a candidate?
A candidate is a person enrolled in the CFA Program who has not yet fulfilled the requirements for becoming a CFA charterholder.
How many exams will I have to take?
There are three required levels of exams with one exam on each level.
Do I have to take the exams in three years?
No, you may take as long as you need to complete the CFA program; your exam results never expire; and we don't limit the number of times you can sit for each exam level.
When are the exams held?
Exams are held in June (all levels) and December (Level I only).
Where are the exams held?
Exams are held in locations around the world in June (all levels) and December (Level I only). Get the list of locations.
What is the format for the exams?
Each exam includes morning and afternoon sessions. The Level I questions are all multiple choice. The Level II questions are all item set (or "mini case") questions. The Level III exams contain essay questions in the morning session and item set questions in the afternoon session. Read more details about the exams.
Why doesn't CFA Institute offer the exam in languages other than English?
In order to ensure fair, global consistency both in administering the exam questions and grading candidate responses, we offer the exams only in one language.
Can you help me to determine if my degree is comparable to a U.S. bachelor's degree?
Generally, applicants must have reached a level of study that qualifies them for acceptance to university graduate programs in the countries where they earned their undergraduate degrees. If you need assistance to determine whether or not your degree is comparable to a U.S. bachelor's degree, we suggest that you contact your college or university with your inquiry.
How much does the CFA Program cost?
Program costs include a one-time enrollment fee and a registration fee for each exam you take. View the fee schedule.
How do I prepare for the exams?
We recommend that you spend at least 250 hours preparing for each exam level. This recommendation, however, may substantially underestimate the hours needed for appropriate exam preparation depending on individual circumstances and academic background. Check out our candidate preparation toolkit for more information.
Am I required to buy the CFA Program curriculum separately?
No. The complete curriculum is included as part of the registration.
Fees
Kindly note that no refund will be provided if a student is already enrolled and/or if the student has already confirmed an order for study material.
What does the fee include?
Mode of payment
50% on order of materials.
50% on delivery of materials
Documents required for registration
HRDC Refund
The HRDC will refund up to 20% of the course fees to individuals following the final year of the first degree or those following a Masters Degree from a
recognized University and run locally on a part time basis. The support will be subject to the following:
Please click here for details on potential refund for the HRDC.