CFA Exam
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New answer posted
a year ago
Contributor-Level 10
CFA admit card is a mandatory document which is to be carried to the alloted CFA exam centre. The admit card will be the ticket to enter the exam centre to take the CFA exam. Students should paste a recent coloured passport-size photograph on the admit card on the space provided.
Without the admit card, students will not be allowed to take the CFA exam. The admit card can be downloaded online from the candidate portal.
New answer posted
a year agoContributor-Level 10
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 like CA, CS, CMA.
- In the final year of your bachelor's program: You can still register for the exam and complete the degree before taking it.
Work Experience (Optional):
- 4 years of relevant work experience: This can be in any field, but finance-related experience is preferred.
- Combination of education and work exper
New answer posted
a year ago
Contributor-Level 10
The CFA deferral policy is for the registered candidates who cannot sit for their scheduled exam and want to move to a new exam window. The CFA institute provides two kinds of deferrals to the candidates:
- Emergency Deferral: To avail this deferral students need to fulfil a set of eligibility criteria. If they match the criteria then they will be given an emergency deferral for their scheduled exam without any cost. Candidates need to provide documentation to support the claim for an emergency deferral.
- Paid Deferral: The paid deferral can be availed once per paid exam for USD 399 up until the deadline. When the candidate purchases a defe
New answer posted
a year agoContributor-Level 10
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 like CA, CS, CMA.
- In the final year of your bachelor's program: You can still register for the exam and complete the degree before taking it.
Work Experience (Optional):
- 4 years of relevant work experience: This can be in any field, but finance-related experience is preferred.
- Combination of education and work exper
New answer posted
2 years ago
Contributor-Level 10
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.
New answer posted
2 years ago
Contributor-Level 10
Yes, we think it is useful to have that break. You can use it to have a light snack, drink and use the toilet before heading in for the second session. It’s actually not a long break. You won’t be allowed to eat snacks or drink during the exam, but you can and should bring your own light snack and water – something that keeps well in room temperature for your optional 30 minute break. Going back in late for second session will eat into your exam time, so be mindful of this.
New answer posted
2 years ago
Contributor-Level 10
For the Level 1 exam candidates, the CFA Institute will only release a pass or fail result. There will be no detailed result breakdown in any specific section or cores. They will only receive a performance band, if they pass the exam.
On the other hand, CFA level 2 and 3 candidates will receive a pass or fail result along with the detailed breakdown of the CFA result and scorecard. Along with the performance band, they can check how they did in the sections and core areas.
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