CFA

No, there is no age limit to take the CFA Level 3 exam. However, students should have completed their graduation and fulfil other exam criteria. 

The following are the instructions for CFA exam admit card:

• The details mentioned on the admit card should be correct
• Arrive the exam centre at least an hour before the exam
• The details should march the ones mentioned in the passport

If any of the information mentioned above needs to be corrected or updated, the student must login and submit an Identification Information Change Request.

Candidates who are interested in investment analysis and portfolio management, want a global career or are ready to invest in further exams can opt for CFA. But if they wnat accounting and auditing, want a strong domestic career base and also value wide options of career options they can go for CA.

Unlike the Level 1 exam, CFA Level 2 exam does not only have MCQs. It also consists of item set questions which will be comprised of vignettes. 

No, CFA Level 1 exam only have 180 multiple choice questions. Students have to choose the correct option from the given options. 

CFA Level 1 exam is conducted for a total of 4.5 hours. The exam is spread in 2 sessions. Each session duration is 2 hours and 15 minutes.

CFA Level 1 exam is considered very tough and challenging. The average pass rate for Level 1 CFA exam stands at just 41% indicating the difficult nature of the exam. 

A candidate who has scored really well could have a high confidence interval. They will have grey line with the confidence interval box above MPS. 

A candidate who has scored poorly can have a high confidence interval, they would not have passed under any circumstances and would need to study more in the future will have the grey line with a confidence interval box under the MPS line.

A candidate who has secured an average score (close to MPS) might have passed under some circumstances and would have pushed the odds in his/her favour, score line and confidence interval box will overlap MPS. 

The light blue box around or over and above the MPS is the confidence interval in CFA result card. 

CFA result cum scorecard includes a purple dashed line, which indicates 90th percentile. This means that 10 per cent of students scored higher than this.