How To Pass The CFA Examination. The CFA examination since its about investment needs understanding to be able to pass it. See details.,
In other to become a Chartered Financial Analyst holder, you have to be patient and self willed. The Chartered Financial Analyst consist of 3 exams which are., the CFA lvel I, II AND III exam and all candidates who applied for the program are expected to pass the examination and meet the requirements set by the institute. the average score to be obtained for the level I exam is 43% as at December 2017. The curriculum test the skills which are relevant to investment professions.
The CFA Exam Structure
It is a 6 hours exam which is taken 3 hours each in the morning and afternoon. there are 120 questions each for the morning and afternoon session and the time per question is 90 seconds. The multiple choice questions are not dependent on each other and three choices are provided for each of the questions. all candidates are advised to be familiar with the calculator functions as they will need it to complete some of the questions.
The CFA Exam Curriculum
The focus of the examination is on concept of investment valuation, comprehension of tools, basic knowledge and portfolio management with 10 topics grouped into four areas which are wealth planning and portfolio management, investment tools,professional standards and asset classes. the table below shows the score for each area.,
|Topic Area||Level I|
|Ethical and Professional Standards (total)||15|
|Investment Tools (total)||50|
|Financial Reporting and Analysis||20|
|Asset Classes (total)||30|
|Portfolio Management and Wealth Planning (total)||7|
For a candidate to succeed in this exam, he has to create a study plan and ensure to work with it as the topics for the examination is broad and requires time.
You can also see frequently asked questions about the provincial Nominee program