CFA Institute Investment Foundations® Exam Details

CFA Institute Investment Foundations® (formerly known as Claritas®) is a comprehensive global education program intended for all professionals who work in the financial services industry, preferably outside of the investment roles. This certificate will give you a clear understanding of the essentials of the investment industry, as well as your roles and responsibilities within it.

There are no education or experience requirements needed for the CFA Institute Investment Foundations® certificate program, so anyone from Human Resources to Operations to Marketing and Sales can benefit from the program.

By completing the program and earning your certificate, you will:

  • Gain a fundamental framework and knowledge of the investment industry
  • Stand out from the crowd in a competitive global job market
  • Improve your job performance by gaining an understanding of common global industry standards
  • Gain a better understanding of how your role impacts the rest of the business
  • Feel more confident working with your colleagues and clients

The CFA Institute Investment Foundations® certificate program involves:

  • Approximately 100 hours of self-study
  • A certificate of knowledge awarded to everyone who passes the exam

The Course of Study consists of 20 chapters, organized into seven modules:

  • Module 1: Industry Overview – 5% topic weight
  • Module 2: Ethics and Regulation – 10% topic weight
  • Module 3: Inputs and Tools – 20% topic weight
  • Module 4: Investment Instruments – 20% topic weight
  • Module 5: Industry Structure – 20% topic weight
  • Module 6: Serving Client Needs – 5% topic weight
  • Module 7: Industry Controls – 20% topic weight

Administered in English at most Pearson VUE test centers, candidates will take a two-hour, computer-based multiple-choice exam consisting of 120 questions, within 6 months of registering. Preliminary results are provided instantly.

To register for the CFA Institute Investment Foundations® certificate program, visit the CFA Institute website to create an account or log in. After you register, you must schedule your exam appointment within 180 days (approximately 6 months), or your registration will expire.

CFA Institute Investment Foundations® certificate program fees start at $250. View all fees »

The CFA Institute Investment Foundations® exam is administered at many Pearson VUE test centers. To see if the exam is offered at a test center in your area, visit the CFA Institute website.

Note: Exam detail information provided by CFA Institute.

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