The CFA Program features a sequence of three exams; Levels I, II, and III. The exams:
Are supplied yearly — at check facilities around the globe — on the primary Saturday in June. The Level I examination can be supplied in December.
Must be handed sequentially.
Are out there in English solely.
The examination content material, studying focus, and query format enhance in complexity with every degree.
Curriculum Content and Learning Focus
An instance displaying the rise in complexity is the moral {and professional} requirements curriculum content material. This content material is comparable for every examination degree; nonetheless, candidates are requested various kinds of questions:
Level I assessments your information of the moral {and professional} requirements.
Level II assessments the way you apply these requirements to conditions analysts face.
Level III assessments the way you apply the requirements in a portfolio administration and compliance context.
In common:
Level I exams consists of primary information and comprehension questions targeted on funding instruments; some questions would require evaluation.
Level II exams emphasize extra advanced evaluation, together with a concentrate on valuing belongings.
Level III exams require synthesis of all of the ideas and analytical strategies in a wide range of functions for efficient portfolio administration and wealth planning.