Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in
The program is organized into three levels. The Level I exam is offered in June and December. The Level II and III exams are only offered in June.
Candidates answer basic knowledge & comprehensive question. The exam has 240 multiple choice questions. CFA Institute Code of Ethics & Standards of professional conduct is a focal point of curriculum.
At Level II, Analysis and application are emphasized. The exam consists of 20 item sets, 10 in the morning session of the exam and 10 in the noon session. Item Sets are sometimes called “mini cases”.
Core Study areas of Level III involve the synthesis of the info from Level I & II. The Level III exam includes “mini cases” & 12-15 essay questions.