What kind of model is the CFA Certificate Level 1, Level 2, and Level 3 exam, and how are the exam question types distributed? Today, my senior sister will analyze it in detail for everyone, let's take a look together~
1、 What certificate is CFA?
CFA is the English abbreviation for Chartered Financial Analyst. It is a professional qualification title in the securities investment and management industry, founded by the Chartered Financial Analyst Institute in the United States.
The college was initially established in June 1959 with the consent of the United States Federation of Financial Analysts in Charlottesville, Virginia, in collaboration with the University of Virginia.
The CFO Association regularly conducts career analysis of licensed financial analysts worldwide to determine whether the investment knowledge system and skills in the course are important in the work practice of licensed financial analysts.
The knowledge system of candidates mainly consists of four parts: ethical and professional ethics standards, investment tools, asset valuation, portfolio management, and investment performance reports.
The CFA Level 1 exam course focuses on investment *uation and management tools, as well as an introduction to asset valuation and portfolio management techniques.
The format of the first level exam is multiple-choice questions, with 90 questions per volume and a total of 180 questions.
2、The 2024 CFA Level 1 computer-based exam will be conducted as follows:
The first exam (2 hours and 15 minutes): 90 multiple-choice questions covering 4 TOPics: Ethics and Professional Conduct, Quantitative Methods, Economics, Financial Reporting and Analysis.
The second exam (2 hours and 15 minutes): 90 multiple-choice questions covering 6 TOPics: corporate finance, equity investment, fixed income, derivatives, alternative investment, and portfolio management.
The order of the modules containing several subjects is disordered, and the subjects will not be marked in the current question.
The CFA Level 2 exam course focuses on asset valuation and the application of investment tools.
The format of the Level 2 exam is case based multiple-choice questions, with 44 questions per volume and a total of 88 questions.
The content of the CFA Level 3 exam is a comprehensive summary of the first two groups of content, and the format of the Level 3 exam is divided into two parts.
The morning section includes two categories: short answer questions and calculation questions
The afternoon part is consistent with the second level format, late for atmset, with six sub questions per question, totaling 60 questions.
The first exam (2 hours and 15 minutes): 8-11 essay questions, including multiple-choice questions and writing questions (for example, when answering multiple-choice questions and choosing one of the investment portfolios A, B, or C, the writing questions explain the reasons for the choice.)
The second exam (2 hours and 15 minutes): Case questions, each containing 4 or 6 multiple-choice questions, a total of 44 multiple-choice questions, each with the same score of 3 points.
