What are CFA Exam Requirement?
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
Can I do CFA after 12th?
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.
Which all topics are covered in CFA exams?
Subjects List
Ethical and Professional Standards
Quantitative Methods
Economics
Financial Reporting and Analysis
Corporate Finance
Equity Investments
Fixed Income
Derivatives
Alternative Investments
Portfolio Management and Wealth Planning
When can I sit for the CFA exam?
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.
What is the format of Level I of the CFA Exam?
The exam format is computer-based with 180 multiple-choice questions. There are two 2 hours and 15 minute session times
What is the minimum passing score for CFA Exam?
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.
What is the average pass rate for CFA Exam?
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%.
How much study time is required?
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.
I am working professional with 10+ hours of work. Will I be able to take the exam?
Yes, many candidates are working professionals who successfully balance work and study. However, it requires discipline and effective time management.
What is the process to obtain CFA charter?
To obtain CFA charter you need to pass all three levels of CFA and fulfil the work experience requirement.
What are typical career paths for CFA charterholders?
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.
What are the requirements for FRM Certification?
Pass the FRM Exam Part I
Pass the FRM Exam Part II by December 31 of the fourth year of passing the FRM Part I
Submit two years of full-time relevant financial risk management work experience
Are there any prerequisites needed before enrolling in the FRM Program?
There are no educational or professional prerequisites needed to register.
What the course content on the FRM Exams?
The FRM Exam Part I focuses on the tools used to assess financial risk. They include:
Foundations of risk management concepts
Quantitative analysis
Financial markets and products
Valuation and risk models
The FRM Exam Part II focuses on the application of the tools acquired in the FRM Exam Part I. They include:
Market risk measurement and management
Credit risk measurement and management
Operational and integrated risk management
Liquidity and treasury risk measurement and management
Risk management and investment management
Current issues in financial markets
What is the FRM exam format?
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).
How many hours are required to prepare for the FRM Exam?
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.
How often is the study material changed?
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.
Is FinLearning authorised by GARP for FRM?
Yes, FinLearning is the authorised FRM Preparation Provider for both FRM Part 1 and Part 2 since 2014
How is pre-recorded videos different from class recording?
Pre-recorded videos and class recordings serve different purposes and have distinct characteristics:
Pre-recorded Videos:
Purpose: Typically created for instructional purposes, often designed with specific content in mind.
Production: Usually edited and polished, including graphics, animations, and carefully planned segments.
Structure: Organized into 30 minutes videos covering lessons or modules, often with clear objectives and engaging formats.
Accessibility: Can be accessed at any time, allowing for flexible learning.
Class Recordings:
Purpose: Captures live classroom sessions, including lectures, discussions, or presentations.
Production: Often less edited, may include interruptions, Q&A sessions, and real-time interactions.
Structure: Reflects the flow of the live class, which can be more spontaneous and less structured than pre-recorded content.
Context: Provides context from live interactions, making it useful for understanding classroom dynamics.
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.
How many times can I watch the videos?
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.
What happens in the classroom sessions?
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.
If I miss one of my classes can I attend one from a different program?
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.
I am a non maths student, will it be possible for me to clear the exam?
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:
Focus on Fundamentals: Start with the basics to build a solid foundation. Understanding core concepts can make more complex topics easier to grasp.
Use Visual Aids: Diagrams, graphs, and visual representations can help you understand mathematical concepts without heavy reliance on formulas.
Practice Regularly: Consistent practice is key. Work through problems step-by-step to build confidence.
FinLearning Material : Provide additional support and different perspectives. There are plenty of tutorials and videos designed for non-math students that can make learning more accessible.
With dedication and the right resources, you can definitely clear the exam!
How will my doubts be resolved?
Your doubts at FinLearning can be resolved through several avenues:
Discussion Forums: We have Whatsapp chat group where you can ask questions and get answers from both instructors and fellow students.
Live Q&A Sessions: We have live sessions specifically for addressing student queries.
Instructor Support: We also offer personalised access to instructors or mentors who can answer questions via email, chat, or scheduled sessions.
Additional Resources: There are supplementary materials, FAQs, or recorded sessions addressing common questions.
What are the chances I clear the exam in the first attempt?
The chances of clearing an exam on the first attempt can depend on several factors, including:
Preparation: How well you study and understand the material.
Exam Format: Familiarity with the exam structure and types of questions.
Practice: Taking practice tests can help boost your confidence and readiness.
Prior Knowledge: Existing knowledge of the subject can give you an advantage.
Study Resources: Access to quality study materials and support can make a big difference.
FinLearning helps you feel prepared and engage with the material effectively, your chances of success can be quite good!
What is FinLearning success rate?
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.
