Arif Irfanullah, CFA

Arif Irfanullah, CFA

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2021 CFA Program Level III Exam – Overview and Major Changes

CFA is transitioning to computer-based testing instead of paper-based exams for all levels from 2021. Here is a summary of the major changes for the 2021 exams. Study Sessions & Weights Portfolio Management weight has been reduced since 2019 from 40-55% to 35-40%, and the weights for Fixed Income and Equity have increased. There are no changes in Study Sessions’ weights relative to 2020. Notice that the weights are given in ranges so that CFA Institute is not committing to a specified number of questions. For example, Fixed Income has a range of 15 – 20%. This means that Fixed… Read More

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2021 CFA Program Level I Exam – Overview and Major Changes

Changes for 2021 Level I CFA Program Exam In this blog, we provide you a brief overview of the Level I exam and will also go over the major changes that will come into effect from the February 2021 exam. The biggest change is that from 2021 all testing will be computer-based and not paper-based. December 2020 will be the last paper-based exam. Key changes in exam format, topics, and topic-wise weights Here are some key points related to changes in exam format, topics, and topic-wise weights. We will now have two 135 minutes sessions i.e. 2.25 hours per session…. Read More

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2021 CFA Program Level II Exam – Overview and Major Changes

CFA Institute has made many changes in the past few months to the upcoming exam schedule and exam format. As you may know, the June 2020 exam was canceled due to the pandemic and shifted to December 2020 (for locations where there is no test center closure). In this blog, we discuss the key things you need to know about the 2021 exam format and exam schedule. Shift to Computer-Based Testing The biggest change in the 2021 exams is a shift from paper-based to computer-based testing. The CFA Program® exams will still be held in proctored exam centers, but rather… Read More

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