CFA

A Chartered Financial Analyst (CFA) is a globally-recognized professional designation given by the CFA Institute. CFA is one of the most respected designations in finance and is widely considered to be the gold standard in the field of investment analysis.

From 2021, CFA level exams follow computer-based testing. CFA level I contains -180 multiple- choice questions, to be completed within 2 hours and 15 minute session times. CFA level 2 exam format is also the same as the CFA level 1 exam, the questions are divided into question sets, where half of the item is set in the morning and a half in the afternoon.

To solve the questions, you will need to use the information provided in each item set. CFA Level III test is also computer-based and includes both a morning and afternoon session’s course duration at each level is approximately 6 months.

For 3 CFA-level courses, the CFA certification timeframe is 2 years on average. For CFA level III, the morning session contains 8-15 essay-style questions or constructed response questions, each with various elements to help you organize your response.

The questions assess your ability to apply the curriculum in the real world by presenting you with a scenario to solve or advise on. Item sets, comparable to CFA Level II, are featured in the afternoon session. Each item set starts with a case statement, followed by four to six multiple-choice questions about the statement.