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CFA Exam FAQs
An individual wishing to enroll in the CFA Program and register for the Level I exam for the first time must possess an international travel passport. In addition, candidates must meet one of the following requirements:
- Have earned a bachelor’s (or equivalent) degree, or select an exam window that is 11 months or fewer before your graduation month for your bachelor’s degree or equivalent program. Understand that you must complete your degree program prior to sitting for level II.
- Have accumulated 4,000 hours of applicable professional work experience (not required to be investment related).
Candidates may also have a combination of full-time professional experience and education that totals a minimum 4000 hours. Those hours of experience/education must be accrued prior to enrollment in the program. This article has more details.
It is not a degree. It’s a professional credential that demonstrates mastery of advanced investment analysis and real-world portfolio management. Candidates often weigh the benefits of the CFA charter against those of an MBA, which may be a contributing factor in this common misunderstanding.
Candidates might also weigh the benefits of the CFA® charter against those of a Master of Science in Financial Analysis (MSFA). Certain curriculums like the MSFA offered by the College for Financial Planning®—a Kaplan Company are aligned to the learning outcomes of the CFA® Institute’s CFA® Program, enabling students to earn an MSFA while concurrently preparing for the CFA® exam.
PassProtection™: Terms and conditions apply. Visit https://www.schweser.com/cfa/pass-protection for more information.
Highest-Quality Prep Provider: These are the findings of a quantitative survey conducted by Kaplan between June 30 and August 30, 2021. For this survey, a sample of 313 U.S. CFA Level I and Level II candidates was interviewed online. The survey was fielded to subscribers of 300Hours.com and AnalystForum.com.
Helped 500,000+ Candidates Prep for Exams: Net purchases of study packages containing the printed SchweserNotes bookset from 2011 through spring 2022 (less 2020).