Can one study for the CFA exam if English is not their first language?

Yes, but since CFA exams are conducted in English, non-native speakers may need extra preparation.

What support does the CFA Institute provide for candidates with disabilities?

The CFA Institute provides accommodations for candidates with disabilities. Applicants must submit requests for special arrangements.

How do you check CFA exam results?

CFA exam results are available in your CFA Institute account within 72 hours after exam completion. The institute also sends an email notification. By addressing these common queries, this guide aims to simplify

frequently asked questions for CFA exam

Sections Covered

The glory of CFA certification remains undisputed. Acquiring this certification offers several advantages. However, preparing for a competitive examination like CFA is quite challenging. You must have in-depth knowledge about every aspect of the course. Finding answers to all your questions is the key to a successful learning journey. The CFA examination is no different. You must know everything related to the course and its examination. Clearing the three CFA exam levels involves multiple steps, making it natural to have doubts along the way.

This blog is your ultimate guide to the CFA course. It answers the most frequently asked questions by CFA aspirants. Read below to get all your answers.

Latest Updates :

FAQs for CFA

What is the duration of the CFA program?

The minimum duration to complete the CFA course is two years. However, this can be extended depending on the number of attempts you make.

What is the cost of enrolling in the CFA program?

CFA costs:

Early Registration Fee: $940
Standard CFA Exam Registration Fee: $1,250
One-Time Enrollment Fee: $350 (Applicable only for Level 1, not for subsequent exams)
Coaching Fees: Additional costs may apply depending on your chosen coaching institute.

Can I study for the CFA exam online?

Yes, several reputed coaching institutes offer online CFA preparation courses. These courses provide the flexibility you need while maintaining the quality of education.

What are the exemptions for the CFA program?

The route to acquiring CFA certification is the same for all candidates. There are no exemptions. Eligible students must clear all three levels of the examination to achieve certification.

How do you register for the CFA exam?

The CFA exam registration involves two steps:

When are the CFA exam sittings?

The CFA exam sittings for 2024 are as follows:

CFA Level 1:

February 19-25, 2024
May 15-21, 2024
August 20-26, 2024
November 13-19, 2024

CFA Level 2:

May 22-26, 2024
August 27-31, 2024
November 20-24, 2024

CFA Level 3:

February 15-18, 2024
August 16-19, 2024

How many levels are present in the CFA program?

The CFA program consists of three levels. All three levels cover the same subjects, but the weightage of each subject varies at different levels. Levels 1 and 2 have ten subjects, whereas Level 3 has only seven.

What is the exam pass rate for each level of CFA?

CFA Exam Pass Rates:

Level I:

May 2023: 39%
August 2023: 37%
November 2023: 35%
February 2024: 44%

Level II:

May 2023: 52%
August 2023: 44%
November 2023: 44%

Level III:

August 2023: 47%
February 2024: 49%

How do you start with CFA exam preparation?

Self-study alone is not enough for the advanced CFA syllabus. You must seek guidance from expert CFA teachers and mentors. Enrolling in a recognized CFA coaching program, such as NorthStar Academy’s CFA course, can be beneficial.

Does the CFA Institute provide study materials?

Yes, the CFA Institute offers comprehensive study materials. You can choose either a print or electronic version. A fee is applicable for printed materials, but the electronic version is included in the registration fee.

Can I work while studying for the CFA exam?

Yes, many professionals prepare for the CFA program while working. The CFA certification offers flexibility, allowing candidates to balance study and work.

What career opportunities are available for a CFA?

Career opportunities for CFA-certified professionals include:

Equity Research Analyst
Credit Analyst
Financial Analyst
Equity Research Associate
Corporate Financial Analyst
Auditor
Consultant
Portfolio Manager
Senior Financial Analyst

Is the CFA designation recognized worldwide?

Yes, the CFA designation is globally recognized and is one of the most prestigious certifications in the investment management field.

How to become a CFA?

To become a CFA, you must:

Pass all three CFA exam levels.
Gain the required work experience.
Submit reference letters.
Apply to become a charter holder.

Can I transfer a CFA charter to another country?

Transferring a CFA charter is not necessary as it is recognized in 165 countries worldwide.

When should a CFA charter be renewed?

A CFA charter must be renewed annually by paying a fee to the CFA Institute.

Can one become a CFA without passing all three levels?

No, passing all three CFA exam levels is mandatory to obtain the certification. Candidates must also complete the skills modules and have the necessary work experience.

What is the time limit for completing the CFA program?

There is no time limit for completing the CFA program. CFA exam results do not expire, allowing candidates to take the next level at their own pace.

How is CFA distinct from other certifications in finance and accounting?

The CFA certification focuses primarily on investment-related topics. It is best suited for individuals looking to enter the investment management and economic analysis industry.

Can one pursue the CFA certification with a degree in another field?

Yes, candidates from any background can pursue CFA certification, provided they meet the eligibility criteria.

Do CFA candidates get scholarships?

Yes, the CFA Institute offers various scholarships, including:

Access Scholarship
Women’s Scholarship
Student Scholarship
Professor Scholarship
Regulator Scholarship

How do I find a CFA-approved employer for work experience?

Candidates must complete 4,000 hours of work experience over a minimum of three years. Employers must approve this work experience through reference letters.

Can one study part-time for the CFA exam?

Yes, candidates can prepare for the CFA exam while pursuing other degrees or working full-time.

What are the study options for the CFA exam?

Candidates can choose between online coaching programs and in-person classes at coaching institutes.

Can I retake the CFA exams if I fail?

Yes, candidates can retake CFA exams, but they must wait six months before reappearing. Each level allows up to six retakes.

Is pursuing the CFA designation age-restricted?

No, there is no age restriction for pursuing CFA certification. Any eligible individual can apply.

Conclusion

The Chartered Financial Analyst program is highly regarded globally. Its prestige can be witnessed in around 165 countries. The global job opportunities it offers will surely attract you to pursue it. However, you must take every step in your journey very carefully. Preparing for the CFA exams is a thorough journey. The key to ace in the examinations is to stay well informed. The above-given answers to the frequently asked questions will definitely help you with this.

NorthStar Academy is your ultimate destination for the CFA preparation. We have the best faculty to guide you throughout your journey. Our qualified teachers offer you end-to-end assistance and answer all your questions. Whether they are related to the CFA syllabus or the registration process, no questions are left unanswered. So, enrol in our CFA program to achieve your dream certification.

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