Chartered Financial Analyst
The Chartered Financial Analyst (CFA Exam) is a globally recognized exam. The number of students taking this exam is very high, but there are a few who succeed in it. Aspirants can prepare for this tough exam with study material available online and improve their chances of clearing the exam.
CFA exam is conducted by the CFA institute of USA. The exam tests the competency of the individual that will help to become a thorough professional. It is important to note that the students failing in the exam is also high, as the CFA exam is one of the toughest exams.
An extensive body of research: Are there any web sites, a huge amount of work as a model and a question. Students will have access to thousands of questions layout and simulation software, which will give them an almost “real” feel of this prestigious exam. This helps them to overcome anxiety, when she appeared in the real exam and make them comfortable when taking the test.
Self-assessment: the question of software and Web sites provided by the bank to help you understand and access performance. CFA candidates will have the opportunity to review and assess their effectiveness. This helps them to different objects in the strength and weakness of the curriculum CFA.
Exam candidates receive an unspecific score report as there is only a pass fail rating rather than score however the pass grade is stated at 70% but may differ and since 1989 the pass grade has been set by the Board of Governors after the exam has taken place when they review the results with help from psychometricians and each question has a minimum passing score set for it.
Candidates of the CFA exam usually take one exam only per year rather than all three at once. This process thus takes at least three years to complete. The level the exams are written at is postgraduate and aimed at financial professionals.
In order to begin study for the CFA program, a candidate must meet a minimum level of experience, education, and competency in the field. First, a candidate must have a Bachelor’s degree or U.S. equivalent, or meet a variety of work-related experience requirements. In other words, the candidate without a B.A. must have at least four years qualified experience in the field or a combination of education and experience that equals four years. Internships or part-time assignments do not count toward the experience levels.
In addition, each candidate must understand and adhere to very strict rules of Professional Conduct and Candidate Responsibility, and must re-certify to the rules of Professional Conduct on an annual basis. Although it is not stated as a requirement, a CFA candidate must understand enough English to study the program and take the exam in that language, as the program is not available in any other languages.
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