CFA

CFA

Chartered Financial Analyst Programme

Form Date: 08 Aug - 11 Mar 2020

Pen & Paper Mode

Form Date: 08 Aug - 11 Mar 2020

CFA Basic Information

  • Application Fee:₹ 32,119
  • Examination Modes:Pen & Paper Mode
  • Exam Conducting Body:CFA Institute (CFAI)

CFA Level 1 2019: Application Form, Exam Dates, Eligibility, Admit Card

Updated On - December 03 2019 by Akriti Maurya

CFA 2019 Application Form for June (Levels I, II & III) 2020 exam is available on the official website & it has to be submitted by 12 February 2020. It is also known as Chartered Financial Analyst Programme entrance is organized by the CFA Institute Board of Governors. The exam for the CFA program is conducted twice in a year at the universal level. The CFA program is a self-study program divided into three levels (Level I, II, and III). The CFA institute organizes this exam in June (levels I, II & III) & in December (level I only). On qualifying, this exam candidate will step towards becoming a CFA charter holder. The CFA exam 2019 will be conducted in the English language only. The candidates can go through the full article below to know more about the CFA Exam Details like Date, Application Form, Eligibility Criteria, etc.

Latest Updates for CFA 2019

The board has added two new test centres in the list for the Chartered Financial Analyst Programme entrance. 

  • Chongqing,  China
  • Jaipur, India

CFA 2019 Application Form

The CFA 2019 application form details can be checked on the official website of conducting body. The candidates can also check the details about CFA registration below:

For December 2019 (level I)

The application form is released in the mid of August 2018. The last to submit the form & application fee (without late fee) was 14 August 2019

For June 2020 (levels I, II, & III)

CFA June 2020 registration application form is released on 08 August 2019 &  02 October 2019 is the early registration fee deadline. The steps to be followed to fill the form:

  • The applicants will have to register themselves on the official website "login.cfainstitute.org".
  • To register the candidates will have to give the details like name, email id, password, etc.
  • A link will be sent to the mailbox. Click on the link & verify the details.
  • After verification, log in with the registration details. The application form will be displayed.
  • Fill the form with the details required like personal details, academic details, etc.
  • Upload the scanned images of photographs, signature & mandatory documents.
  • The applicants will have to select the preferred city for the exam.
  • Submit the fee by using the Credit Card/Debit Card.
  • The applicants are advised to take the printouts of the filled form for future use.

CFA 2019 Application Fee

The CFA 2019 registration fee can be paid in the following ways on the official website.

  • Online mode: The aspirants can check the details belwo for the online fee payment.
    • By Credit/Debit card: American Express, Diner’s Club, Discover, JCB, MasterCard, UnionPay, or Visa
  • Offline mode: -Below mentioned details are for offline payment.
    • By Wire transfer, ACH (Automated Clearing Houscheck), money order, or postal order.
  • one-time program enrollment fee is required when a candidate will register for the first Level I CFA Program exam.  CFA 2019 enrollment fee is USD 450.

After enrolling, the candidates can apply for the application process. The registration fee for CFA December 2019 & June 2020 exams is mentioned below:

For December 2019 (Level I)

The details regarding CFA level I fees December 2019 are:

CFA Registration Fee 2019 (Level I)

Type of Application fee

Amount (USD) Last Date

Early registration fee

USD 650

27 March 2019

Standard registration fee

USD 950

14 August 2019

Late registration fee

USD 1,380

11 September 2019

For June 2020 (Levels I, II & III)

The application fee details for CFA June 2020 for all the levels are given in the table.

CFA Registration Fee (Levels I, II & III)
Type of Application fee

Amount (USD)

Last Date
Early registration fee

USD 700

02 October 2019
Standard registration fee

USD 1,000

12 February 2020
Late registration fee

USD 1,450

11 March 2020

Note- The registration deadline ends at 11:59 pm ET.

CFA 2019 Eligibility Criteria

The candidates can check the CFA 2019 eligibility criteria on the official website. Listed below are the eligibility criteria:

  • Academic eligibility criteria
    • The applicants must have a Bachelor's degree or equivalent program.

Or

    • To apply in the level II exam the applicants must have completed the Bachelor's degree or equivalent.

Or

    • Those who have four years of work experience and/or higher education are also eligible.
  • General eligibility criteria
    • The job experience related to investment is not the necessary CFA entrance.
    • The applicants must have a valid international travel passport to register and sit for the exam.
    • The candidates must complete a Professional Conduct Statement form to attest that they comply with this requirement.

Note - Before applying for the exam, the applicants must make sure that their Country is not excluded from the list.

CFA 2019 Admit Card

The admit card for CFA 2019 can be downloaded from the official website of the CFA Institute. The admit card/hall ticket details are listed below:

  • The applicants will have to visit the official site & click on " Login".
  • Login with the details like email id & password (generated during registration).
  • Now the candidates can download the admit card.
  • Take the printout of the hall ticket & keep it safe for future use.
  • The admit card/hall ticket/exam admission ticket will have the details like the Candidate's name, exam centre name, roll number, etc.

Note- The candidates must have an International Travel Passport along with the admit card in the exam hall for verification purposes.

CFA 2019 Exam Pattern

The CFA 2019 exam pattern can be checked on the official website. The exam pattern for each level is different. The applicants can check below for the details:

For Level I (December 2019 & June 2020)

The level I entrance exam is conducted twice in a year (June & December). The candidates can check the below table:

CFA Paper Pattern for Level I
Type of questions Multiple Choice Questions (MCQ)
Number of questions 240 questions
Marking scheme 3 marks to each
Sessions Two (Morning & Afternoon)

Session wise details of CFA 2019 exam are shown in the table. The candidates have to appear in both sessions. 

Sessions Details
Number of Questions Duration of Exam

Morning Session

120 questions 180 minutes (3 hours)
Afternoon Session 120 questions

180 minutes (3 hours)

For Level II (June 2020)

The candidates can check the level II exam pattern on the official website of CFA institute. The Level II exam has a total of 21 item set questions.

CFA Question Pattern for Level II
Type of questions Multiple Choice Questions
Number of questions 120 questions 
Marking scheme 3 marks each
Sessions  Two sessions (Morning & Afternoon)

The candidates are advised to check the level II exam pattern for CFA entrance below in the table:

Sessions Details
Number of Questions Duration of Exam

Morning Session

10 items set questions 180 minutes (3 hours)
Afternoon Session 11 item set questions

180 minutes (3 hours)

On the Level II exam, the candidates will have a total of 120 items (18 vignettes with 6 items each and 3 vignettes with 4 items each, for a total of 21 vignettes).

For Level III (June 2020)

The Level III exam consists of an item set and constructed response (essay) and item set questions. This level is conducted only in June. Session wise details are discussed below:

Sessions Details
Number of Questions Duration of Exam

Morning Session

12 item set questions 180 minutes (3 hours)
Afternoon Session 11 item set questions

180 minutes (3 hours)

The level III (morning session) is 180 points.

CFA 2019 Syllabus

The applying candidates can check the syllabus for CFA 2019 on the website of the conducting body. The level-wise syllabus & exam weightage is listed below:

CFA Level I Syllabus ( December 2019 & June 2010)

The topics are discussed below with the exam weightage:

Topic Exam Weight
Ethical and Professional Standards 15%
Financial Reporting and Analysis 15%
Quantitative Methods 10%
Economics 10%
Corporate Finance 10%
Equity Investments 11%
Fixed Income 11%
Derivatives 6%
Alternative Investments 6%
Portfolio Management 6%

Before applying for the exam candidates are advised to go through the curriculum thoroughly.

CFA Level II Syllabus (June 2020)

The level II syllabus is discussed below in the table:

Topic Exam Weight
Ethical and Professional Standards 10-15%
Financial Reporting and Analysis 10-15%
Quantitative Methods 5-10%
Economics 5-10%
Corporate Finance 5-10%
Equity Valuation 10-15%
Fixed Income 10-15%
Derivatives 5-10%
Alternative Investments 5-10%
Portfolio Management 5-15%

CFA Level III Syllabus ( June 2020)

The topics with their marks weightage are discussed below in the table:

Topic Exam Weight
Ethical and Professional Standards 10-15%
Economics 5-10%
Equity Investments 10-15%
Fixed Income 15-20%
Derivatives 5-10%
Alternative Investments 5-10%
Portfolio Management 35-40%

CFA 2019 Result

The result for the Chartered Financial Analyst Programme entrance (CFA) for each level will be declared in on the following dates:

  • The Level I & Level II exam results will be available within 60 days from the date of the exam.
  • The Level III exam result will be declared within 90 days from the exam date.
  • Applying candidates for the CFA Program exam will be provided with a "pass" or "did not pass" exam result & detailed information on their performance. 
  • If an applicant is not satisfied with the result, they may request for rechecking.
  • There is a minimum passing score for each level set by the CFA Institute Board of Governors. 

Note- Exam results are available online for approximately one year after the exam date. After this date, candidates may request an official letter confirming their "pass" or "did not pass" exam result, but their topic area performance summary will no longer be available.

CFA 2019 Highlights

The highlights for CFA 2019 Entrance Exam are as follows:

Examination Name

Chartered Financial Analyst Programme

Acronym

CFA 2019

Conducted By

CFA Institute Board of Governors

Courses Offered

CFA charter holder

Examination Type

International level

Official Website

https://www.cfainstitute.org

Exam Levels

Two levels- June (Levels I, II&III) & December (level I)

About CFA Institute Board of Governors

The CFA Institute was formed in the year 1947 by four financial analyst societies Boston, Chicago, New York, and Philadelphia for the purpose of promoting the exchange of ideas and supporting the welfare of their profession. CFA Institute is a global association of investment professionals. In 2004 its name changed to CFA Institute since then almost 2,00,000 CFA Charters have been awarded. CFA Institute has more than 164,000 members in 164 markets and 156 local member societies.

 

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CFA Important Dates

Title
Dates
Form Date08 Aug - 11 Mar 2020
Exam Date07 Dec 2019, 07 Jun 2020
Result30 Jun 2020 (Tentative)

Chartered Financial Analyst Programme Exam Pattern

Paper 1
Exam Duration:

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Total Marks:

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Question Paper Type :

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Negative Marking:

No

Frequently Asked Questions