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Frequently Asked Questions

What is the minimum passing score for the CFA Program exam?

Minimum passing scores are not made public by the CFA Institute. However, to improve your chances at passing the exam, we recomend that candidates should aim for atleast 70% scores in their practice.

Can I get a scholarship for the CFA Program?

CFA Institute provides multiple scholarship programs. Please visit their website for more information.

Do I need to pass all topics in order to pass the CFA Program exam?

CFA Institute does not disclose this information. But we recommend that in your practice before the exam, you should aim for at least 70% on every topic, this will give you a better chance of passing the exam.

What is CFA charterholder’s salary?

Earning your CFA® charter sets you up well for growth in your career as a finance professional. According to Payscale, in the United States, the CFA charterholder salary is anywhere from $64,234 to $255,000 a year.

Where can I get notes for Level I CFA Program?

IFT Level I notes are free for everyone to use, you can access them here: https://ift.world/notes.

What are the CFA Program exam pass rates?

Generally, the exam pass rates are around 50% for each level. For more information please visit CFA Institue’s website, they do publish the yearly pass rate on their website.

How much study time is required for Level I CFA Program?

The CFA Institute recommends at least 300 hours. However, depending on your situation you may need to put extra time in.

What are the subject or topic weights for the Level I CFA Program?

Level I exam has 10 topics and each topic carries a different exam weight. For more information visit: https://www.cfainstitute.org/en/programs/cfa/curriculum

What subjects or topics are tested on the CFA Level I Program exam?

Level I exam has 10 topics with 57 readings. Here is the list of all topics and readings: https://bit.ly/34WvKOc

What are the CFA Program exam fees?

Regisiteration costs consistes of two components: one time enrollment fee of $450 and the exam fee, for which registration costs vary depending(early:$700, standard: $1,000 & Late:$1,450) on when you decide to register for the exam.

Is CFA difficult to pass?

Generally, it is considered a difficult exam to pass, as only half of the candidates that sit for the exam pass. It is not impossible though, with the right attitude, study material and persistence you can pass the exam.

What is the CFA Program curriculum?

The CFA institute designs the CFA Program curriculum in order to deliver the Candidate Book of Knowledge to candidates. In simple words, this book is used to master the knowledge you need to pass your exam.

Frequently Asked Questions

Will I need Level I knowledge for Level II CFA Program?

Yes, Level II builds-up on most of the Level I concepts. You can use IFT’s High-Yield course to brush up your Level I concepts.

Can I sit for Level II CFA Program exam before graduation?

No, you need to have completed 16 years of education before you can sit for the Level II exam.

What is the format for Level II CFA Program exam?

Level II exam consists of item set based questions, each vignette consists of 4 to 6 questions. The exam is divide into two sections with 60 questions each.

What are the subject or topic weights for the Level II CFA Program?

Level II exam has 10 topics and each topic carries a different exam weight. For more information visit: https://www.cfainstitute.org/en/programs/cfa/curriculum

What is the minimum passing score for the CFA Program exam?

Minimum passing scores are not made public by the CFA Institute. However, to improve your chances at passing the exam, we recomend that candidates should aim for atleast 70% scores in their practice.

How much study time is required for Level II CFA Program?

The CFA Institute recommends at least 300 hours. However, depending on your situation you may need to put extra time in.

How much more difficult is the Level II CFA exam?

Level II is significantly more difficult than Level I. At Level II you should be prepared to put in a lot more time and effort than you did at Level I.

Can I get a scholarship for the CFA Program?

CFA Institute provides multiple scholarship programs. Please visit their website for more information.

What are the CFA Program exam pass rates?

Generally, the exam pass rates are around 50% for each level. For more information please visit CFA Institue’s website, they do publish the yearly pass rate on their website.

Frequently Asked Questions

How much study time is required for Level III CFA Program?

The CFA Institute recommends at least 300 hours. However, depending on your situation you may need to put extra time in.

What are the subject or topic weights for the Level III CFA Program?

Level III exam has 16 Study Sessions with 38 readings. Here is the list of all study sessions and readings: https://bit.ly/3dBjS8c

How do I earn the CFA® charter?

You will need to pass all three exams and complete work experience requirements in investment-decision making before, during, or after participation in CFA Program. Then you’ll need to submit 2-3 reference letters and apply for the charter.

Does CFA syllabus change every year?

Yes, it is highy likely that CFA Institute makes minor and major changes every year.

What is the minimum passing score for the CFA Program exam?

Minimum passing scores are not made public by the CFA Institute. However, to improve your chances at passing the exam, we recomend that candidates should aim for atleast 70% scores in their practice.

Can I get a scholarship for the CFA Program?

CFA Institute provides multiple scholarship programs. Please visit their website for more information.

What are the CFA Program exam pass rates?

Generally, the exam pass rates are around 50% for each level. For more information please visit CFA Institue’s website, they do publish the yearly pass rate on their website.

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