Question 1

What is the CFA exam?

Accepted Answer

The CFA (Chartered Financial Analyst) exam is a globally recognised, three-level professional certification administered by the CFA Institute. It tests investment analysis, portfolio management, ethics and financial reporting, and is considered the gold standard for careers in investment management and equity research.

Question 2

How many levels are there in the CFA exam?

Accepted Answer

There are three levels — Level I, Level II and Level III. Each level must be passed sequentially. Level I focuses on tools and concepts, Level II on asset valuation, and Level III on portfolio management and wealth planning.

Question 3

What is the eligibility for the CFA exam?

Accepted Answer

You can register for CFA Level I if you are in the final two years of your bachelor's degree, or have a bachelor's degree, or have 4,000 hours of relevant work experience and/or higher education accumulated over a minimum of three sequential years.

Question 4

What are the CFA exam fees?

Accepted Answer

Each level has a one-time enrolment fee (Level I only) plus a registration fee per attempt. Early registration is cheaper than standard registration. Fees are payable in USD to the CFA Institute and are revised annually.

Question 5

When is the CFA Level 1 exam held?

Accepted Answer

CFA Level I is offered four times a year — in February, May, August and November. Candidates choose a window during registration and book a specific date and Prometric test centre slot.

Question 6

Which calculator is allowed in the CFA exam?

Accepted Answer

Only two calculators are permitted: the Texas Instruments BA II Plus (including the Professional model) and the Hewlett-Packard 12C (including the HP 12C Platinum and Prestige editions). No other calculators are allowed in the exam room.

Question 7

What should I carry to the CFA exam centre?

Accepted Answer

Carry your valid international travel passport (mandatory ID), your printed exam admission ticket, an approved calculator with spare batteries, and any permitted personal items as per the latest CFA Institute policy. Personal belongings are stored in lockers outside the test room.

Question 8

Can I defer my CFA exam?

Accepted Answer

The CFA Institute allows a one-time deferral to the next available window for each level, subject to a deferral fee and the published deadline. After deferral you must reschedule your Prometric appointment within the new window.

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