Let’s Dive Deeper
To sit for the CFA exams, you should meet the following requirements:
Bachelor’s Degree: Complete a bachelor’s degree or an equivalent university program. Besides, you should check with your college if your program matches the required degree qualification.
Or
Undergraduate student: The exam window you select for CFA Level 1 should be 23 months or less before your graduation month. You must be within 11 months of completing graduation to sit for your CFA Level II exam. Before sitting for CFA Level 3 exam, you should have completed your degree or equivalent program.
Or
Professional work experience: Have at least 4000 hours of work experience or a combination of work experience and higher education that totals 4000 hours. Nevertheless, the dates of professional experience and education must not overlap.
To know more visit CFA website
Yes, you can start preparing for CFA level 1 exam after 12th. You need to be in the second year of graduation to register for CFA exam.
Subjects List
CFA exams are offered multiple times in a year. Level 1 is offered four times in a year while level 2 and 3 are offered twice in a year.
The exam format is computer-based with 180 multiple-choice questions. There are two 2 hours and 15 minute session times
The minimum passing score (MPS) for each level of the exam is determined by the CFA Institute each year after the administration of the exams. The MPS has never been released.
CFA pass rates for all three exam levels vary each year, depending on the candidates’ overall performance at each particular time. The current pass rates based on the most recent exam period are:
CFA Level I – 37%, CFA Level II – 43%, and CFA Level III – 48%.
You should plan to devote about 300 hours of study time in the pursuit of success on the Level I exam. This includes 10-15 hours of a Practical Skills Module that provides hands-on application of the material you are learning.
Yes, many candidates are working professionals who successfully balance work and study. However, it requires discipline and effective time management.
To obtain CFA charter you need to pass all three levels of CFA and fulfil the work experience requirement.
CFA charterholders occupy a range of investment decision-making roles, typically as a research analyst or portfolio manager. Career paths include asset and wealth management, investment banking, commercial banking, and consulting, alongside a diverse range of other roles in and outside of the finance industry.
There are no educational or professional prerequisites needed to register.
The FRM Exam Part I focuses on the tools used to assess financial risk. They include:
The FRM Exam Part II focuses on the application of the tools acquired in the FRM Exam Part I. They include:
FRM Exam Part I is an equally weighted 100 question multiple-choice Exam, and the FRM Exam Part II is an equally weighted 80 question multiple-choice Exam. Both Exams are administered via computer-based testing (CBT).
Candidates’ preparation times will vary based on their professional experience, academic background, and familiarity with the concepts tested on the curriculum.
On average, individuals devotes approximately 240-300 hours for exam preparation.
GARP strives to maintain program’s best-in-class curriculum and associated study materials. In order to ensure relevance and accuracy, GARP reviews the curriculum every year. Revisions are made and new study materials are released on December 1 for the following calendar year.
Yes, FinLearning is the authorised FRM Preparation Provider for both FRM Part 1 and Part 2 since 2014
Pre-recorded videos and class recordings serve different purposes and have distinct characteristics:
Pre-recorded Videos:
Class Recordings:
In summary, pre-recorded videos are usually more polished and purpose-driven, while class recordings capture the live learning experience with all its real-time elements.
You can typically watch videos as many times as you like. It provides you the flexibility and let you revisit the material whenever you need!
There is NO limitation on number of views and quantum of time videos can be accessed.
We don’t just go through the slide pack. We work with you. Our instructors bring to life the concepts that you have read in your workbook and seen on the portal. We’ll look at how to use that knowledge to answer the questions to get you through the exam and to help you apply it in the workplace. The class is also a great opportunity to meet other like minded professionals and discuss common concerns and questions.
Subject to availability – we will always look to accommodate you on another classroom session if you cannot make one of your classes. Don’t forget we also stream our classes live via the online portal so you can always catch up online too. Also we share the recorded videos of the class.
Absolutely! Many non-math students successfully clear exams that involve mathematical concepts with the right preparation and strategies. Here are a few tips to help you:
With dedication and the right resources, you can definitely clear the exam!
Your doubts at FinLearning can be resolved through several avenues:
The chances of clearing an exam on the first attempt can depend on several factors, including:
FinLearning helps you feel prepared and engage with the material effectively, your chances of success can be quite good!
The success rate of FinLearning varies based on factors such as student/professional demographics, eductaional background and program. On an average, FinLearning has seen a 90% + success rate.
