Quick Guide to CFA Program

cfa program

CFA Program

CFA program is a globally recognized, graduate level program undertaken by CFA Institute.

There are currently more than 108,000 CFA charterholders
working in over 137 countries around the world.

Entry Requirements

Have a bachelor’s (or equivalent) degree

or be in the final year of your bachelor’s degree program at the time of registration*

or have four years of professional work experience (does not have to be investment related)

or have a combination of professional work and college experience that totals at least four years. Part-time positions do not qualify, and the four-year total must be accrued prior to enrollment.

CFA Exam Levels

The curriculum progresses in content complexity as you move through the three levels:

Level I: Includes basic knowledge focusing on investment tools, along with some analysis
Level II: Further emphasizes analysis along with application
Level III: Focuses on synthesizing all of the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning.

cfa topics

CFA Exam Topics with Area Weights

CFA exam tests on 8 subjects and Ethical and Professional Standards across its 3 levels.

Pass Rates in CFA Program

June 2013 Exam Pass Rates

Level I: 38%
Level II: 43%
Level III: 49%

Download historical pass rates at the end of the post.


First time CFA Program applicants pay an initial one-time enrollment fee of US$440 in addition to the exam registration fee.

Exam fees depends on how early you apply and ranges between $600 to $1200.

Visit this page for latest Exam fees schedule

cfa charterholders in india

Current Status of CFA Charterholders in India

As of December 2012, 950* Charterholders were working in India in various roles as Research and Investment Analysis…

*This does not includes those who have cleared CFA exam but do not hold a membership with CFA Institute

The top 10 employers of charterholders in the Asia Pacific region are (in order) HSBC, UBS, Citigroup, Standard Chartered, JP Morgan Chase, Deutsche Bank, Bank of China Ltd., Goldman Sachs, Credit Suisse, and PricewaterhouseCoopers.

Which roles does CFA prepares you for

Investment decision-making and strategy, portfolio and wealth management, institutional investing, and investment analysis.

Duration of CFA Program

Minimum of 18 months but many candidates take 3–4 years.

Visit this link to register for CFA Program

Share this post to download model papers and historical pass rates of CFA

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  1. Historical Pass Rates
  2. Model Paper – Level I
  3. Model Paper – Level II
  4. Model Paper – Level III


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