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What is CFA?

The Chartered Financial Analyst (CFA) Program is a professional credential offered internationally by the American-based CFA Institute. The program covers a broad range of topics relating to investment management, financial analysis, stocks, bonds and derivatives, and provides a generalist knowledge of other areas of finance. Exams are scored following each exam. Results for Level I and II candidates are available within 60 days of the exam date and within 90 days for Level III candidates.


The CFA Institute membership in more than 100 countries can be seen as a microcosm of the global investment profession, with virtually every type of investment professional at every type of investment firm represented

The profiles you can choose as a CFA are Portfolio Management, Research Analyst, Corporate financial Analyst, Financial Advisor, Risk Manager, Investment Banking Analyst, Broker, etc

Exam Structure and Syllabus

Level 1 introduces various topics likes equity, derivatives etc. which are eventually used for creating portfolios. The Level I exam consists of 240 multiple choice questions, split between two 3-hour sessions. Candidates must attend both sessions.

  • Morning session (3 hours): 120 multiple choice questions, covering all topics
  • Each question will have 3 possible choices A, B, or C.
  • Afternoon session (3 hours): 120 multiple choice questions, covering all topics
  • There is no penalty for incorrect answers.

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