CFA 2024-2025: Registration Deadline for August Exam (May 14), Level 1 Result (OUT), Exam date, Pattern & Syllabus

Chartered Financial Analyst Exam 2024 ( CFA Exam )

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Registration: 9 Jul '24

Saumya Jain

Saumya JainAssistant Manager- Content

Updated on May 27, 2024 16:21 IST

CFA August 2024: The CFA 2024 early registration deadline for the August exam window was January 23, 2024. The last date to register with the invoice option was April 4, 2024, for Levels 1, 2 and 3. The CFA registration 2024 ended on May 14, 2024, for the August exam window. The scheduling deadline for the Level 1 August CFA 2024 exam was May 21, 2024. The rescheduling deadline for the August CFA Level 1 exam is July 21, 2024. The rescheduling window for Level 2 CFA exam is July 28, 2024, and that for Level 3 is July 17, 2024.

CFA November 2024: The early registration deadline for the CFA 2024 November exam was April 16, 2024. The deadline to register with invoice payment is June 28, 2024. The last date of registration is August 7, 2024.

CFA February 2025: The CFA 2024 application form for the February exam was released on May 9, 2024. The early registration deadline for the CFA 2025 February exam (Level 1 and 3) is July 9, 2024.

Q:   Where can I fill the CFA exam application form?

A:

CFA application form is available on the official website of CFA institute. Candidates can fill and pay the application fee by creating a login ID. The CFA exam schedule is announced on the official website for each level exam. Given below is a brief description on how to fill the CFA application form: 

  • Visit the official website of the CFA institute
  • Click on the application link
  • Create a login account with your email ID.
  • You will be asked to enter your name, email ID, and password, and enter a security question.
  • After you’ve created an account, you can log in and fill up the form.
  • Enrollment fee payment can be done online through Credit cards: American Express, Diner’s Club, Discover, JCB,   MasterCard, UnionPay, or Visa
  • Or offline through wire transfer, ACH, check money order, or postal order. Receipt of payment of the fees will be emailed to the candidates.
 

Q:   Can I fill the CFA registration form offline?

A:

No, the CFA application form can only be filled online on the official website CFA Institute. There is no option to submit the CFA form in offline mode. Candidates will have to create an account on CFA website once the registrations begin and fill the CFA registration form through that candidate account. Candidates must also note that no other website hosts the CFA application form other than the official website of CFA Institute. The CFA registration fee can be paid online through Credit cards, such as American Express, Diner’s Club, Discover, JCB, MasterCard, UnionPay, or Visa or offline through wire transfer, ACH, check money order, or postal order. Receipt of payment of the fees will be emailed to the candidates.

Candidates have to simply follow the instructions to pay the fee. Candidates must note that fee payment is mandatory for CFA form filling. Until the fee is paid successfully, the form will not be accepted. Thus, candidates must check the fee payment acknowledgement slip after making the payment.

 

Q:   Which course is better among CFP and CFA?

A:
Comparing the Certified Financial Planner CFP and Chartered Financial Analyst CFA designations is like comparing apples to oranges because they serve different purposes and cover different areas of finance. The CFP certification is primarily focused on financial planning, including topics such as retirement planning, estate planning, tax planning, and investment planning. The CFP designation is intended for professionals who want to provide comprehensive financial planning services to clients, typically in a wealth management or financial planning firm. On the other hand, the CFA certification is focused on investment analysis and portfolio management, including topics such as financial analysis, portfolio management, and investment research. The CFA designation is intended for professionals who want to work in investment management or research, typically in a bank, asset management firm, or hedge fund. So, which one is better for you depends on your career goals and interests. If you're interested in financial planning and providing comprehensive advice to clients, the CFP certification may be a better fit. If you're interested in investment analysis and portfolio management, the CFA certification may be a better fit. It's worth noting that both designations are highly respected in the finance industry and can be valuable for career advancement. Ultimately, the decision of which design.
 

What is CFA?

The Chartered Financial Analyst programme is a professional course offered by the US-based CFA Institute. The programme aims to grant ‘The CFA charter’ to investment and financial professionals to help them further their career goals. CFA is a graduate-level program divided into three levels of the exam -I, II and III. The CFA exam will be conducted in computer-based test mode. The exam for the December session is held across 6 cities. The programme covers a broad range of financial aspects including investment management, financial analysis, stocks, bonds, and derivatives. CFA exam pattern and level of complexity differ with each level of the exam. 

The CFA 2024 exam will be conducted at the CFA institute's global test centre and is administered by Prometric and the British Council. CFA results for Level I and II are made available within 60 days of the exam date and within 90 days for Level III candidates. Candidates are required to clear all three levels of the exam as per their sequence. CFA exams are offered in English only. A candidate who successfully completes the programme is declared as a ‘CFA charter holder. There are over 1.2 lakh CFA members across 35 countries in the world. 

Q:   What's new in the CFA exam?

A:

From the year 2021 onwards, all the CFA programme exams are being conducted in the computer-based test mode. The number of questions in the CFA programme exam has been reduced to 180. The duration of the exam has also been reduced. There would be no more June exams at any level. Level II and Level III will use the same item set (vignettes) and essay format (Level III) used for the paper-based exams. The total number of item sets on the exam might vary slightly. The Level II exam will be conducted three times a year and Level III exam will be conducted twice. 

The content from the testable portion of the exam has been reduced so that candidates can concentrate on the content that is highly relevant in the rapidly changing global economy and financial markets. This allows to establish the base knowledge that is needed to begin studying for the exam. It also keeps study time to 300 hours at each level while maintaining the rigor of the Program. The curriculum will be updated from February 2024 exam onwards.

 

Q:   What is the mode of CFA exam?

A:

The CFA (Chartered Financial Analyst) exams are conducted in a computer-based testing (CBT) format. The transition from paper-based exams to computer-based exams was implemented by CFA Institute to provide a more efficient and secure testing experience for candidates.

Under the CBT format, candidates take the exams on a computer at designated testing centers. The exams are administered over multiple sessions, with each session focusing on specific topics. The CFA Level I exam consists of multiple-choice questions, while the Level II and Level III exams include item-set questions (also known as vignettes) and constructed response (essay) questions.

The CBT format offers several advantages, such as immediate exam results, standardized navigation tools, the ability to mark and review questions, and an enhanced exam security system. Additionally, candidates have the flexibility to choose their preferred exam date within the available testing window.

It's important to note that while the CFA exams are computer-based, they still maintain the same level of rigor and depth in assessing candidates' knowledge and skills in finance and investment management. 

 

Q:   Are there any changes in the Level II curriculum of the CFA exam?

A:

The Level II curriculum for the CFA exam has not changed significantly. While it has gone through the same review to improve the instructional design, all current topics have been maintained. The Level III candidates will have the opportunity to choose to be tested on a specialization. The core of the curriculum will remain the same, but candidates will have the opportunity to focus a percentage of their Level III effort on one of three specialised paths: portfolio management, private markets, or private wealth management.

 

CFA Exam 2024 Exam Dates & Schedule

Take a look at the table below for the complete schedule of CFA Exam 2024 exam

DatesUpcoming Exam Dates

28 Jun '24

CFA 2024 Level II November: Deadline to Register with Invoice Payment Option

28 Jun '24

CFA 2024 Level I November: Deadline to Register with Invoice Payment Option

09 Jul '24

CFA 2025 February Level 3 Early Registration Deadline

09 Jul '24

CFA 2025 February Level 1 Early Registration Deadline

17 Jul '24

CFA 2024 Level III August Rescheduling Deadline

21 Jul '24

CFA 2024 Level I August Rescheduling Deadline

28 Jul '24

CFA 2024 Level II August Rescheduling Deadline

DatesPast Exam Dates

22 May '24 -

26 May '24

CFA 2024 Level II May Exam

21 May '24

CFA 2024 Level I August Scheduling Deadline

21 May '24

CFA 2024 Level II August Scheduling Deadline

CFA Exam 2024 Highlights

Take a look at the table below to know the important details of the CFA exam 2024.

Features

Details

Exam Name

Chartered Financial Analyst (CFA) 

Conducting Body

CFA Institute

Exam Level

National Level Exam

Exam Frequency

Twice a year

Exam Mode

Online

Exam Duration

135 minutes each for session 1 and session 2

Language

English

Exam Purpose

To grant ‘CFA charter’ to investment and financial professionals

Course Offered

CFA program

Exam Helpdesk No.

+000-800-100-4025

Exam Website

www.cfainstitute.org/

Q:   What is the exam structure of CFA exam Level I?

A:

The CFA Level I exam comprises a total of 180 multiple-choice questions to be answered in two sessions of 135 minutes each. There are 90 MCQ questions for each session. The first session includes topics such as professional standards, financial reporting, and quantitative methods, while the second session includes questions about corporate finance, fixed income, derivatives, alternative investments, and portfolio management. This exam is given twice a year, once in June and once in December.

 

Q:   How tough is the CFA exam? What are important preparation tips for the CFA exam?

A:
If one has finance or accounting background with few years of experience, passing CFA is not that difficult. CFA is not accounting or finance programme but the curriculum covers this area as a foundation for investment analysis. Valuation of different asset classes requires some knowledge of accounting and finance. If one has non-accounting and non-finance background, the challenge will be bigger as one will require to first understand reading and analysing financial statements and basic knowledge of accounting standards. The vast curriculum is quite a challenge that requires early preparation of about 400 to 500 hours per level. I would rate level 2 as more difficult than level 3. Commitment and hard work will ensure that CFA programme is completed as returns and recognition after passing all the 3 levels of CFA are quite good. It is worth to invest 3 years of life into this world famous investment programme. According to the CFA institute, the following is what a CFA candidate can expect: An average of four years to complete the program, six months of preparation for each exam and 250 hours minimum of study time=10 to hours per week (although candidates report studying 322 hours on average) making a sincere and internalized commitment to completing the program is a prerequisite for success. The program is so intense and requires so much of one's time and energy that for many, trying to complete the program due to someone's or institution's requirements will not provide the motivation necessary to realize the end goal. Develop a study strategy. In addition to the specific study skills that must be developed to pass the exams, you must develop a specific exam strategy that provides time management, skill assessment and taking multiple previous and sample exams. Time management relates to the time necessary for study, and also for taking the exam. For example, a three-hour exam with 120 possible points means one for each minute and a half. At one hour point, you should be on question 40, any extra time used means less time for other questions, but the exam begins with ethics questions (more reading required) so maybe you shouldn't panic if you are at question 45. This understanding will only come with hundreds of practice questions.
 

Q:   What is the syllabus and exam pattern of CFA exam?

A:

Chartered financial analyst designation is a professional credential that is offered by the CFA institute to the financial and investment professionals. The designation of the Chartered Financial Analyst or CFA Charter is the most recognized and respected credential in the field of investment banking. It is a globally recognized credential. There are three levels in CFA Program that students will have to go through. Based on the historical data, pass rate for the CFA examination is about 40 percent.

There is a wide range of topics related to investment management, stocks, derivatives, financial analysis which give you great understanding of everything you need in order to become a better Financial Analyst/Investment banker.

CFA Level I Exam: This is the first examination that students will have to go through. In level one, students will have to focus on the concepts and tools that are applied to investment management and valuation. The CFA Level 1 exam is conducted in two sessions, each 3 hours long. It consists of 240 multiple-choice questions in two sessions of 120 questions each. The questions are designed based on the topic weightages given in the CFA Level 1 Exam Syllabus, with very slight deviation.

CFA Level II Exam: This is the second examination that students will have to go through after passing the CFA level I Exam. In Level II, students will have to deal with the assets valuation. Students must have the ability to apply the concepts and tools that they have learned in level I. There are total 20 item set questions, split in two sessions. The morning and evening sessions have 10 item set questions each. The total number of questions in the CFA Level II exam is 120. The duration of the exam is 360 minutes. Some of the CFA level II topics are covered only in the morning session and other topics are covered only in the evening session.

CFA Level III Exam: This is the last CFA exam that students will have to pass to become a CFA charterholder. In the level 3 examination, students will have to go through portfolio management in depth. CFA Level I and CFA Level II revolved around basic financial knowledge, investment valuation comprehension and the application of both. CFA Level III exam focuses on portfolio management and wealth planning. All the best.

 

What's New in CFA?

Major changes have been made this year in the CFA exam. The CFA curriculum for Level I has completely changed. The Level I CFA syllabus has changed to smaller lessons. There have also been some minor changes in the Level II curriculums as well.

Specialised pathways have been introduced in the Level 3 curriculum for the year 2025. Candidates can choose a specialised pathway along with a core pathway for appearing for the Level 3 CFA exam. 

Also Read: CFA Level 3 Specialised Pathways

Q:   What changes have been made to the Level I CFA syllabus?

A:

In 2024, the CFA Level 1 curriculum has shifted to a Learning Module (LM) structure from Readings. These Learning Modules are designed as bite-sized lessons that can be completed in a single study session, aligning better with the study patterns of CFA candidates. 

For the 2024 CFA Level 2 exam, the curriculum remains largely unchanged from 2023. It comprises 47 modules, a reduction from the 49 readings in 2023. The changes include the removal of three readings (two from Alternative Investments and one from Portfolio Management) and the addition of one new reading to Alternative Investments.

 

Q:   Is the CFA Level III syllabus tough?

A:

The ideas from the academic fields of finance and investing make up the CFA syllabus. All three CFA levels—Levels I, II, and III—have the identical material, but the questions at each level have different weights. There is greater topic integration in a single question on Level III of the CFA test. Because the Level III test includes a constructed answer portion, it is more difficult than the Level II exam. CFA Level III syllabus include

Behavioral Finance

Capital Market Expectations

Asset Allocation & Related Decisions in Portfolio Management

Derivatives & Currency Management

Fixed-Income Portfolio Management

Equity Portfolio Management

Alternative Investments for PM

Private Wealth Management

PM- Institutional Trading, Performance Evaluation, and Manager Selection

Cases in Portfolio Management and Risk Management

Ethics and Related Topics

 

CFA Registration 2024

CFA registration is a two-step process. It includes enrolling for the CFA exam online and completing the application fee payment. The second step in the CFA program registration is scheduling the exam. Candidates can choose their test centre and CFA exam date according to their preference and availability. The candidates are required to schedule their exams before the scheduling deadline. The application process for each level is announced six months in advance. The aspirants can register for the desired level, prepare for the qualifying exam in the next six months and then appear for it. 

The CFA application forms are made available online on the official website of CFA and are to be filled in and submitted along with the registration fee before the last day. 

Also Read:

Q:   Which documents are required while filling the CFA application form?

A:

CFA registration form can be submitted online. Students must have the following list of documents that will be required when filling the CFA registration form:

  1. Valid International Travel Passport
  2. Proof of education (copy of diploma, marksheet, any other relevant documents)
  3. Work experience (letter of employment, salary slips, any other relevant documents)
  4. Credit card/ debit card/ internet banking details
 

Q:   How long is the CFA registration valid?

A:

There is no fixed time limit on the validity of the CFA Registration. Candidates will get access to the digital curriculum once your registration is complete. It is refundable within 14 days of payment. Candidates who wish to appear for the CFA exam, can register on the official website of CFA institute by filling up the registration form. The candidates must note that there is no option of offline form filling hence, they must apply online.

 

Q:   What is the application fee for Level I CFA exam?

A:

The registration fee for the CFA programme exam is USD 940 for early registration and USD 1,250 for standard registration. The one-time enrollment fee is USD 350. The CFA registration fee can be paid online through Credit cards, such as American Express, Diner’s Club, Discover, JCB,   MasterCard, UnionPay, or Visa or offline through wire transfer, ACH, check money order, or postal order. Receipt of payment of the fees will be emailed to the candidates.

Now, the CFA candidates residing in India can also pay the CFA fee through EMIs. CFA Institute has partnered with education loan provider Eduvanz to offer EMI (Equated Monthly Installment) option for candidates who are interested in registering for the CFA programme (interest rate to be applied). This EMI payment option can only be availed by applicants residing in India, using the “Pay by Invoice” option during the checkout process, and submitting the invoice along with the EMI payment method. The “Pay by invoice” option is available up to 40 days before the close of registration. However, availability of EMI payment is subject to approval and documentation requirements of Eduvanz.

 

CFA Results

The CFA results are always emailed to the candidates after 9 AM. CFA results of students indicate either ‘pass’ or ‘did not pass’. The CFA result also contains a summary of their performance on each topic of the CFA exam. Students who do not pass the exam are given a detailed summary of their performance. The CFA exam results are available approximately 7-10 weeks after the close of a CFA exam window, depending on exam level. CFA Level I and Level II exams are expected to be available approximately 8-10 weeks after the close of the exam window, and approximately 10 weeks for the CFA Level III exam.

Follow the steps mentioned below to know how to check the CFA result:

  • Visit the official website 
  • Go to the 'Programs' tab under the results section or click here
  • Enter the email ID and password 
  • The CFA result is displayed on the screen 
  • Download and take its printout

Also Read: CFA Pass Rate 

Q:   How long should I expect to wait for my CFA exam results?

A:

The waiting time for CFA exam results is as follows:

  1. Level I Exam: Results for the Level I CFA exam are typically released about 60 days after the exam date. This means you can expect to receive your Level I results approximately two months after taking the exam.

  2. Level II and III Exams: Results for the Level II and III CFA exams usually take a bit longer to be released. They are typically available approximately 90 days after the exam date. So, for Levels II and III, you can expect to receive your results about three months after taking the exam.

While waiting for your results, you can use this time to relax, prepare for the next level (if applicable), or plan your next steps in your CFA journey.

 

Q:   Can I see my individual section CFA cores, or is it just a pass or fail result?

A:

For the CFA exams, the level of detail provided in your results varies depending on the exam level:

  1. Level I Exam: For Level I, you will receive a pass or fail result. There is no detailed breakdown of your performance in specific sections or topic areas. You will only receive a performance band (10th percentile) if you pass, which provides some context about your performance relative to other passing candidates.

  2. Level II and III Exams: For Level II and III, you will receive a more detailed breakdown of your performance. You will see how you performed in each specific topic area or study session. This breakdown allows you to assess your strengths and weaknesses in different areas of the curriculum. You will also receive a performance band (10th percentile) if you pass these levels, indicating your relative performance compared to other passing candidates.

The detailed performance breakdown provided for Level II and III exams is valuable for candidates, as it helps them identify areas where they may need to focus more attention in their studies for future exam levels or retakes.

 

Q:   Is 65 score enough for passing the CFA exam?

A:

Each level of the CFA exam has its own criteria and passing score. CFA institute sets a MPS which changes with each cycle for the newly registered candidates. Some years test takers will receive an overall CFA score of 65% and fail, and in some years they may receieve a score of 62% and pass. The scoring plays a role in deciding the overall pass score in CFA exam. In general, an overall score of 70% and above will help you pass the CFA exam.

 

CFA Eligibility Criteria 2024

Eligibility criteria for CFA first level are given below:

  • The candidate must possess an international travel passport

The candidate must also fulfil one of the following:

Undergraduate:

  • The candidate must be a graduate or a final-year bachelor’s degree student. (To register for the Level II exam, the candidate must have completed a bachelor's degree programme) or

Work experience:

  • The candidate must possess four years of work experience or a combination of work experience and education that totals at least four years

Q:   I have completed Class 12 and also have 4 years of work experience. Am I eligible for CFA?

A:

Yes, you are eligible to appear for the CFA exam. The eligibility criteria for the CFA (Chartered Financial Analyst) exam are as follows:

  1. Education: You must have a bachelor's degree or equivalent (or be in the final year of your bachelor's degree programme) to enroll in the CFA Program. There is no specific field of study required.

  2. Work Experience: There is no required work experience to sit for the Level I exam. However, to receive the CFA charter, you must have a minimum of four years of qualified work experience in the investment decision-making process.

  3. Membership in CFA Institute: You must become a member of CFA Institute before registering for the Level I exam. Membership involves paying an annual fee and agreeing to abide by the CFA Institute's Code of Ethics and Standards of Professional Conduct.

Additionally, it's worth mentioning that the CFA Program is internationally recognised and highly regarded in the finance industry. It is a rigorous and comprehensive programme that requires significant dedication and preparation to successfully complete.

 

Q:   Can I study CFA course elsewhere abroad?

A:
Yes, you can study for the CFA course in a number of different locations around the world. The CFA Institute offers the CFA programme in more than 170 countries, and there are over 200 test centers worldwide where you can take the CFA exams. To begin studying for the CFA programme abroad, you should first register with the CFA Institute and pay the necessary fees. Once you have done so, you can access the CFA curriculum and study materials online, regardless of where you are located in the world. The CFA Institute also provides study materials such as textbooks, practice questions, and online review courses to help you prepare for the exams.
 

Q:   Which degree should I pursue after 12th if I want to do CA CFA and MBA in future?

A:
If you want to pursue CA CFA and MBA in the future, you can choose to pursue a Bachelor's degree in Commerce B.Com after completing your 12th standard. B.Com will provide you with a strong foundation in accounting, finance, and business-related subjects, which will be helpful for pursuing CA and CFA. After completing B.Com you can enroll in the CA (Chartered Accountancy) programme, which is a professional course offered by the Institute of Chartered Accountants of India (ICAI). The CA programme is divided into three levels, and upon completion, you will become a Chartered Accountant. After completing B.Com you can also start preparing for the CFA (Chartered Financial Analyst) programme, which is a globally recognised professional certification offered by the CFA Institute. The CFA programme covers topics such as investment management, financial analysis, and portfolio management. After completing your CA and CFA you can gain some work experience in the finance and accounting field before pursuing an MBA. An MBA will provide you with a broader perspective on business management, which will complement your technical knowledge gained through CA and CFA. You can choose to specialize in finance or accounting during your MBA and can pursue the degree from a reputed business school. The MBA will provide you with the skills and knowledge to excel in leadership roles in the finance and accounting field.
 

CFA Syllabus 2024

CFA syllabus majorly consists of various concepts of academic disciplines of Finance and Investment. The Level II CFA syllabus is built on foundational knowledge of the subjects which the students have studied in Level I. CFA Level II syllabus delves deeper into the analysis and application of tools and concepts of investments. CFA Level III is the last step in the ladder of the CFA programme. The CFA Level III syllabus focuses on synthesising and applying the knowledge gained in Level I and Level II of the CFA program. The CFA curriculum is designed in a way that as the candidates move from one level to another they gain in-depth knowledge of the financial and investment world. 

Major changes have been made this year in the CFA exam. The CFA curriculum for Level I has changed majorly. The Level I curriculum has changed to smaller lessons. There have also been some minor changes in the Level II and Level III curriculums.

Also Read:

Q:   Why has the CFA institute introduced specialised pathways for Level 3?

A:

The CFA institute has introduced the specialised pathways because:

  • Career discovery
  • Mastering a specific field 
  • Choosing which field aligns best with interests and aspirations of the students
  • Credentialing. Passing a challenging exam for the role will benefit the candidates by benefiting their clients and their employers.
 

Q:   How tough is the CFA exam? What are important preparation tips for the CFA exam?

A:

The CFA exam is known to be tough, and passing it requires a serious commitment to following a structured study plan. According to the CFA Institute, the average annual pass rate over the last 10 years for the CFA Level I exam has been 44%, and the recommended study time is about 300 hours. Here are some important preparation tips for the CFA exam:

  • Focus on the most-tested material and develop a study plan six months before you take the exam
  • Take a prep course and use third-party resources to save time
  • Allocate study time based on each topic's weight and practice questions regularly
  • Be good at taking the CFA exam, work on quick recall, and understand the questions
  • Familiarize yourself with the data-backed study habits linked to passing the exam
  • Start studying early, and start right
  • Clear your CFA plan with family and friends and understand the time commitment required to pass the exam
  • Apply CFA exam concepts to real life and learn how to take the CFA exam
 

Q:   Is the CFA syllabus updated regularly?

A:

Yes, the CFA syllabus is updated regularly to reflect changes in the investment industry and to ensure that candidates are prepared for the latest industry practices and trends. The CFA Institute, the governing body for the CFA exam, reviews and updates the syllabus on a regular basis, typically every three to five years.

For example, the CFA Institute updated the Level I syllabus in 2020 to include new topics such as digital assets and sustainability, and to reflect changes in the investment industry. The Level II and Level III syllabi were also updated in 2020 to include new topics and to reflect changes in the industry.

This year, a new chapter titled – “Introduction to Geopolitics” has been introduced under the Economics section for the Level I CFA syllabus. Corporate Ownership and Structures and Business Models are the two new readings that have been added under Corporate Issuers section. Major changes to the Capital Structure readings have been made. Minor changes to the Introduction to Corporate Governance & Other ESG Considerations reading has also been made for the Level I CFA curriculum.

 

CFA Admit Card

CFA admit card is released online on the official website of CFA institute. The candidates who registered for the CFA exam will be notified on their registered email ID about the release of the CFA admit card. To download the CFA admission ticket, they must log in to the candidate portal using their credentials. Applicants must have a valid, unexpired international travel passport to be able to appear in the exam along with the admit card. Follow the steps mentioned below to know how to download the CFA admit card 2024:

  • Visit the official website of CFA Institute
  • Login using the login credentials, email ID and password
  • Read the terms and conditions
  • The CFA 2024 admit card will appear on the screen
  • Candidates must download and take a printout of the same for future use

Q:   Is the CFA admit card mandatory on the exam day?

A:

Yes, the CFA admit card is mandatory for appearing in the CFA exam. Candidates must carry their CFA admit card to the exam center on the day of the exam. It serves as a crucial identification document and allows candidates to enter the exam hall. Without a valid admit card, candidates may not be permitted to take the exam. Therefore, candidates should ensure that they download and print their CFA admit card from the official CFA Institute website or their candidate portal and carry it with them to the exam center on the exam day.

 

Q:   How can I download my CFA admit card?

A:

The CFA admit card is issued only to the registered candidates. To download your CFA admit card, follow the steps mentioned below:

  • visit the official CFA Institute website
  • Log in to your candidate portal using your username and password.
  • Navigate to the section for downloading the admit card and click on the relevant link.
  • Download the admit card in PDF format and print it out.

Ensure that all details on the admit card are accurate, including the exam date, time, and center address. Keep the printed admit card safe and bring it with you to the exam center on the day of the exam. Contact CFA Institute support for assistance if you encounter any issues during the process.

 
 
 

Q:   What should I do if there is an error in my CFA admit card?

A:

If candidates notice any discrepancies or errors in their CFA admit card, they should immediately contact the CFA Institute for assistance. It's essential to rectify any errors before the exam day to avoid any inconvenience. Provide accurate details about the error and follow their procedure for correction, which may involve filling out a form or sending an email. Submit any necessary supporting documents and stay in communication to track the progress of your request. Once the correction is made, download and print the corrected admit card from your candidate portal. Ensuring accuracy in your admit card helps prevent issues on the exam day, facilitating a smooth testing process.

 

CFA Selection Process 2024

The course is divided into three levels:

Level I: Focus on basic knowledge of ten topic areas and simple analysis using an investment tool

Level II: Emphasis on the application of concepts and investment tools with a focus on the valuation of all THE assets.

Level III: Focus on applying all the methods and concepts learned for effective portfolio management and wealth planning.

The exam for each level will be for six hours each, the suggested preparation plan is for six months.

Also Read:

What to expect for CFA Level 1

Q:   How can I pursue CFA? What is the minimum duration to complete CFA?

A:

Pursuing the Chartered Financial Analyst (CFA) designation is a significant step in the field of finance and investment. To pursue the CFA programme, candidates must hold a valid bachelor's degree (or equivalent) from an accredited institution. Alternatively, they can qualify through a combination of education and work experience.

Candidates then need to enroll in the CFA programme by filling the CFA registration form. The CFA programme consists of three levels: Level I, Level II, and Level III. Each level has a separate exam. Prepare for each level by studying the CFA Institute's curriculum. 

Aspirants need to pass all the three exam levels in sequential order to become a  CAF charterholder. The CFA exam levels are known for their rigor. The minimum passing score for each level is determined by the CFA Institute and can vary from year to year.

Students need to acquire at least four years of relevant work experience before they can be awarded the CFA charter. The work experience should be in areas like investment management, financial analysis, or portfolio management. The work experience can be gained before, during or after passing Level I exam. 

The minimum duration to complete the CFA programme varies depending on how quickly you progress through the exams and meet the work experience requirement. On average, candidates take about four years to complete all three levels and gain the necessary work experience. It's important to note that the CFA programme is challenging, and candidates often dedicate hundreds of hours to study for each exam. The pass rates for the exams tend to be relatively low, especially for Level III, which includes constructed response (essay) questions.

 

Q:   How tough is the CFA exam? What are important preparation tips for the CFA exam?

A:
If one has finance or accounting background with few years of experience, passing CFA is not that difficult. CFA is not accounting or finance programme but the curriculum covers this area as a foundation for investment analysis. Valuation of different asset classes requires some knowledge of accounting and finance. If one has non-accounting and non-finance background, the challenge will be bigger as one will require to first understand reading and analysing financial statements and basic knowledge of accounting standards. The vast curriculum is quite a challenge that requires early preparation of about 400 to 500 hours per level. I would rate level 2 as more difficult than level 3. Commitment and hard work will ensure that CFA programme is completed as returns and recognition after passing all the 3 levels of CFA are quite good. It is worth to invest 3 years of life into this world famous investment programme. According to the CFA institute, the following is what a CFA candidate can expect: An average of four years to complete the program, six months of preparation for each exam and 250 hours minimum of study time=10 to hours per week (although candidates report studying 322 hours on average) making a sincere and internalized commitment to completing the program is a prerequisite for success. The program is so intense and requires so much of one's time and energy that for many, trying to complete the program due to someone's or institution's requirements will not provide the motivation necessary to realize the end goal. Develop a study strategy. In addition to the specific study skills that must be developed to pass the exams, you must develop a specific exam strategy that provides time management, skill assessment and taking multiple previous and sample exams. Time management relates to the time necessary for study, and also for taking the exam. For example, a three-hour exam with 120 possible points means one for each minute and a half. At one hour point, you should be on question 40, any extra time used means less time for other questions, but the exam begins with ethics questions (more reading required) so maybe you shouldn't panic if you are at question 45. This understanding will only come with hundreds of practice questions.
 

Q:   Which course is better among CFP and CFA?

A:
Comparing the Certified Financial Planner CFP and Chartered Financial Analyst CFA designations is like comparing apples to oranges because they serve different purposes and cover different areas of finance. The CFP certification is primarily focused on financial planning, including topics such as retirement planning, estate planning, tax planning, and investment planning. The CFP designation is intended for professionals who want to provide comprehensive financial planning services to clients, typically in a wealth management or financial planning firm. On the other hand, the CFA certification is focused on investment analysis and portfolio management, including topics such as financial analysis, portfolio management, and investment research. The CFA designation is intended for professionals who want to work in investment management or research, typically in a bank, asset management firm, or hedge fund. So, which one is better for you depends on your career goals and interests. If you're interested in financial planning and providing comprehensive advice to clients, the CFP certification may be a better fit. If you're interested in investment analysis and portfolio management, the CFA certification may be a better fit. It's worth noting that both designations are highly respected in the finance industry and can be valuable for career advancement. Ultimately, the decision of which design.
 

CFA Exam Centres 2024

CFA exams are held across 170 cities in June and 70 cities in December across various exam centres around the world. In India, the CFA exam is conducted in 11 cities. Candidates are required to select the CFA exam centres location while registering for the exam. Candidates can also request a change in the CFA exam centre after completion of the CFA registration process. The exam centres are allotted to candidates as per their preferences and availability of seats. The details of the exam centre are mentioned on the CFA admit card.

List of CFA exam centres 2024

Ahmedabad 

Bhopal 

Bangalore 

Mumbai 

Chennai 

Hyderabad 

Jaipur 

Kolkata 

Lucknow 

New Delhi 

Pune

 

Read More: CFA exam pattern 2024

Q:   In how many test cities is the CFA exam conducted?

A:

The CFA exam is conducted in various cities across the world. Some of the cities in India where the CFA exam is conducted are listed below:

  1. Ahmedabad
  2. Jaipur
  3. Kolkata
  4. Bengaluru
  5. Bhopal
  6. Lucknow
  7. Mumbai
  8. Kochi
  9. Chennai
  10. Hyderabad
  11. Indore
  12. Guwahati
  13. Pune
  14. New Delhi
  15. Chandigarh
  16. Bhubaneshwar
  17. Ranchi
  18. Surat
  19. Nagpur
  20. Coimbatore
  21. Noida
  22. Vishakhapatnam
  23. Raipur
 

Q:   How can I change my CFA exam centre?

A:

The CFA exam is conducted in the computer-based test mode across the world. Students will now have an exam window of around ten days and they can self schedule their CFA Level 1 exam date on the official website as per their preference. The exact length of the scheduling window will vary as per the number of CFA Level 1 Exam Centres.

Given below are the steps on how to schedule your exam and choose the centre:

  1. Register for your exam
  2. Schedule the exam appointment
  3. View the test centre options along with available seating
  4. Choose your preferred test centre location as per the planned CBT test centre locations
  5. Once the location is confirmed keep checking daily for new appointments that could be added.

New appointments might take up to ten business days. Candidates must note that the seats are available on a first-come, first-serve basis.

 

Q:   Can I delay my CFA exam?

A:

Yes, candidates can typically defer or delay their CFA exam, but there are specific policies and deadlines set by the CFA Institute that they must follow. However, candidates can request for deferal to a future date only if they have already registered for the upcoming exam date and are unable to take the exam due to extenuating circumstances such as medical reasons, family emergencies, or other significant events.

The CFA Institute typically has specific deadlines by which you must request a deferral for your exam. It's important to check the CFA Institute's official website for the most current deferral policy and deadlines. Students need to pay a deferral fee of USD 250. They also need to provide required documents such as medical certificate in case of illness.

When the candidate requests a deferral, he/she will typically be given the option to select a future exam date from the available exam windows. They then need to choose their preferrable exam date. 

The CFA institute will then review the deferral request and assess the validity of your reasons. If they find the request to be genuine then the candidate may be granted the deferral.

 

CFA Exam 2024 Contact Information

https://www.cfainstitute.org/pages/index.aspx

FAQs Related to CFA 2024 Exam

Check below some of the most Frequently Asked Questions (FAQs) regarding the CFA exam:

Q:   How to avoid common mistakes in CFA exam?

A:

Avoiding common mistakes in the CFA exam is crucial to maximize your chances of success. Here are some strategies to help you minimize errors during the exam:

  1. Pay close attention to the instructions provided for each question and section of the exam. Understand the requirements, format, and any specific guidelines before attempting the questions.

  2. Time management is key in the CFA exam. Allocate your time wisely for each section and question, keeping in mind the weightage of each topic. Avoid spending excessive time on difficult questions that may hinder progress on other sections.

  3. Solving mock exams and practice questions under timed conditions helps you become familiar with the exam format and improves your ability to manage time effectively. Identify your strengths and weaknesses through practice and focus on improving weaker areas.

  4. The CFA exam employs a penalty for incorrect answers, known as negative marking. Avoid blind guessing if you are unsure, as incorrect answers can deduct points. Utilize your knowledge, eliminate options, and make an educated guess when necessary.

  5. Read each question thoroughly and ensure you understand what is being asked. Pay attention to keywords, such as "not" or "except, " which can change the meaning of a question. Avoid jumping to conclusions or making assumptions.

  6. When calculations are required, clearly show your steps and workings. This not only helps you organize your thoughts but also enables partial credit to be awarded if you make an error in the final answer.

  7. Take the time to review your answers before moving on to the next question or section. Look for any calculation errors, misinterpretations, or missed requirements.

  8. Focus on mastering the high-weightage topics as they carry greater significance in the exam. Allocate more study time to these areas to ensure a strong understanding and better performance.

By being aware of these common mistakes and implementing strategies to mitigate them, you can increase your accuracy and improve your overall performance in the CFA exam. 

 

Q:   How can I prepare for CFA?

A:

Preparing for the CFA (Chartered Financial Analyst) exam requires a systematic and disciplined approach. Here are some steps to help you with your preparation:

  1. Familiarize yourself with the exam structure, including the number of levels, topic areas, and the weightage assigned to each topic. 

  2. Develop a comprehensive study plan that covers all the topics and allows for sufficient time for review and practice. Set realistic goals and create a schedule that works for you, taking into account your other commitments.

  3. The CFA Institute provides official curriculum materials that cover all the exam topics in detail. Make sure to study from these materials as they are comprehensive and aligned with the exam content.

  4. Practice is crucial for success in the CFA exam. Solve mock exams and practice questions to get familiar with the exam format and to assess your understanding of the topics. Review your performance and identify areas that require further study.

  5. Engage with other CFA candidates through study groups or online communities. Discussing and exchanging ideas can enhance your understanding of complex topics and provide additional support during your preparation journey.

  6. The CFA exam is concept-driven, so it's essential to develop a strong understanding of the underlying principles and theories. Avoid rote memorization and strive for a deeper comprehension of the material.

  7. Regularly review the topics you have studied to reinforce your knowledge. Create concise notes or flashcards to summarize key concepts, formulas, and important details.

  8. The CFA curriculum undergoes periodic updates. Stay informed about any changes or updates to the syllabus and adjust your study plan accordingly.

Remember, the CFA exam requires dedicated effort and perseverance. It is essential to stay disciplined, motivated, and consistent in your study routine. Good luck with your CFA preparation!

 

Q:   Which course is better between FRM, CFA and CFP?

A:
Comparing the Certified Financial Planner CFP Chartered Financial Analyst CFA and Financial Risk Manager (FRM) designations is difficult because they each serve different purposes and cover different areas of finance. The CFP designation is primarily focused on financial planning and is intended for professionals who want to provide comprehensive financial planning services to clients, typically in a wealth management or financial planning firm. The CFA designation is focused on investment analysis and portfolio management and is intended for professionals who want to work in investment management or research, typically in a bank, asset management firm, or hedge fund. The FRM designation is focused on risk management, including topics such as market risk, credit risk, and operational risk. It is intended for professionals who want to work in risk management roles in banks, asset management firms, or other financial institutions. Therefore, which designation is better depends on your career goals and interests. If you're interested in financial planning and providing comprehensive advice to clients, the CFP certification may be a better fit. If you're interested in investment analysis and portfolio management, the CFA certification may be a better fit. If you're interested in risk management, the FRM certification may be a better fit. All three designations are highly respected in the finance industry and can be valuable for career advancement. The decision of which designation to pursue should be based on your career aspirations and personal interests.
 

Q:   Which is a better career option after economics honors among MBA and CFA?

A:
Deciding between an MBA and CFA after an Economics Honours degree depends on your career aspirations and interests. Here are some factors to consider: Career Goals: MBA and CFA cater to different career paths. MBA is a general management degree that prepares you for a wide range of management roles in different industries, including finance. On the other hand, CFA is a specialised certification that focuses on investment management, asset valuation, and financial analysis. Time and Cost: An MBA programme typically takes two years to complete, while CFA certification requires passing three exams. An MBA can be more expensive than CFA and you will need to factor in additional costs such as tuition fees, living expenses, and opportunity cost of not earning while studying. Skills and Knowledge: An MBA provides a broader set of skills such as leadership, strategic thinking, and business management, while CFA provides specialised knowledge in investment analysis, portfolio management, and asset valuation. Industry Requirements: Depending on the industry you want to work in, an MBA or CFA may be preferred. For example, an MBA is more suitable for a general management role in a corporation, while CFA is more suitable for an investment analyst or portfolio manager role in the finance industry. Ultimately, the choice between an MBA and CFA depends on your career goals and interests. If you want to pursue a career in finance and investment management, CFA may be a better fit. If you want to pursue a broader range of management roles in different industries, an MBA may be more suitable.
 

Q:   Need to know more information about CFA course. When can I do CFA course? And also need some details about the course.

A:
The Chartered Financial Analyst CFA programme is a professional certification programme offered by the CFA Institute. It is a globally recognised programme and is designed to give participants a strong foundation in investment knowledge, ethical and professional standards, and practical skills needed in the investment industry. To enroll in the CFA programme, you need to meet certain requirements. You must have a Bachelor's degree or be in the final year of your Bachelor's degree programme, or have equivalent education or work experience. You also need to have a valid international passport, as the CFA exams are held globally. The CFA programme is divided into three levels, and each level has its own exam. The Level I exam focuses on basic knowledge and comprehension of investment tools and concepts, the Level II exam emphasizes analysis and application of investment tools and concepts, and the Level III exam focuses on synthesis and evaluation of investment tools and concepts. To become a CFA charterholder, you must pass all three exams, have at least four years of qualified investment work experience, and meet other professional and ethical standards set by the CFA Institute. The CFA programme covers a wide range of topics, including financial reporting and analysis, economics, portfolio management, ethics, and professional standards. The programme is self-study, and candidates are encouraged to study for at least 300 hours for each exam. Overall, the CFA programme is a rigorous and challenging programme, but it can be a great investment in your career if you are looking to pursue a career in finance, investment management, or related fields.
 

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Answered a week ago

No pathway will be easier than the other. Each pathway is designed in a way that they are at par with each other. This does not mean that the CFA pass rate will be also be the same between each as many factors influence pass rate such as quality of the cohort, mix of the cohort, difficulty of the gi

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Saumya Jain

Contributor-Level 10

Answered a week ago

No, candidates cannot change their pathway in the middle of the CFA registration process. If the candidate is taking the CFA Level 3 exam for the second time, then they have the option of changing their specialised pathway. The content for all the three pathways are available online for CFA preparat

...more

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Saumya Jain

Contributor-Level 10

Answered a week ago

The CFA institute has introduced the specialised pathways because:

  • Career discovery
  • Mastering a specific field 
  • Choosing which field aligns best with interests and aspirations of the students
  • Credentialing. Passing a challenging exam for the role will benefit the candidates by benefiting their clients a

...more

14801983
Saumya Jain

Contributor-Level 10

Answered 2 months ago

If candidates notice any discrepancies or errors in their CFA admit card, they should immediately contact the CFA Institute for assistance. It's essential to rectify any errors before the exam day to avoid any inconvenience. Provide accurate details about the error and follow their procedure for cor

...more

14801983
Saumya Jain

Contributor-Level 10

Answered 2 months ago

The CFA admit card is issued only to the registered candidates. To download your CFA admit card, follow the steps mentioned below:

  • visit the official CFA Institute website
  • Log in to your candidate portal using your username and password.
  • Navigate to the section for downloading the admit card and click

...more

14801983
Saumya Jain

Contributor-Level 10

Answered 2 months ago

Yes, the CFA admit card is mandatory for appearing in the CFA exam. Candidates must carry their CFA admit card to the exam center on the day of the exam. It serves as a crucial identification document and allows candidates to enter the exam hall. Without a valid admit card, candidates may not be per

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14801983
Saumya Jain

Contributor-Level 10

Answered 2 months ago

The qualifying criteria for CFA Level I remain largely unchanged under the new exam pattern implemented in February 2024. Here's a quick summary:

Minimum Education:

  • Bachelor's degree or equivalent: This includes recognised degrees like BTech, BCom,  BBA, etc., or completed professional qualifications

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Tasbiya Khan

Contributor-Level 10