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Exam FAQ
 
CFA 

Q.26

What is the CFA Program?
Q.27 When are the CFA exams held?
Q.28 How much time do I need to dedicate for studying for CFA?
Q.29 What is the time duration of a CFA exam?
Q.30 Can I appear for only morning session at a time?
Q.31 Which are the topic areas covered in CFA Level 1 exam?
Q.32 Are tests in CFA Level 1 Test Series by THE BIG CD in line with the real CFA exam?
Q.33 Is CFA Level 1 Test Series by THE BIG CD endorsed by the CFA Institute?
 
Answers

Q.26

What is the CFA Program?
Ans The CFA is a graduate-level, three year program for investment professionals like investment advisors, money managers, portfolio managers, investment researchers and security analysts. The program has a self-study curriculum and emphasizes on principles relevant in every market. You must sign up for the CFA program to become a candidate. You can then study for and take the three levels of exams sequentially. You can take the exams as many times as you want. If you pass all the exams and meet other requirements, you become a CFA charterholder. There is no limit on the time you may take to complete the CFA program.

Q.27

When are the CFA exams held?
Ans . Level I exam is held in June and December.
Levels II and III are only held in June.

Q.28

How much time do I need to dedicate for studying for CFA?
Ans A minimum of 250 hours of study for each exam level is recommended though the exact time you require depends on your background and ability to grasp the topics covered in the exam.

Q.29

What is the time duration of a CFA exam?
Ans All three exams are six hours long. The exams are split between morning and afternoon sessions with a 2-hour lunch break after the morning session. An exam day typically starts at 8 a.m. and ends at 5 p.m.

Q.30

Can I appear for only morning session at a time?
Ans Both morning and afternoon sessions have to be attempted on the exam day for your score to be counted.

Q.31

Which are the topic areas covered in CFA Level 1 exam?
Ans The CFA level 1 exam is based on a variety of topics which are designed to test you in the basics of investment analysis finance. The topic areas covered are :
  • Ethics
  • Quantitative Methods
  • Economics
  • Financial Statement Analysis
  • Corporate Finance
  • Portfolio Management
  • Equity Investments
  • Fixed Income
  • Derivatives and Alternate Investments

Q.32

Are tests in CFA Level 1 Test Series by THE BIG CD in line with the real CFA exam?
Ans Yes. The tests are an exact replica of the real tests with respect to the test format, question pattern, difficulty level and all other aspects.

Q.33

Is CFA Level 1 Test Series by THE BIG CD endorsed by the CFA Institute?
Ans No. CFA Institute (formerly the Association for Investment Management and Research) does not endorse, promote, review or warrant the accuracy of the products or services offered by THE BIG CD.



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