This exam had been established by CFA (Chartered Financial Analyst) Institute, the association of professionals in investment. The CFA program covers various subjects concerning investment analysis and management, and let the individuals who passed all exams successfully become a financial analyst and get a job in the biggest world financial institutions.

CFA program consists of three levels. And candidate shall be allowed to take part in next level only after successful completion of previous one. The Level I holds every June and December, and advance registration is required. The Level I admission obliges candidate to pay in the total amount USD 1100-1830 (depends on registration date: the earlier the cheaper). The exam consists of 2 parts (3 hours each one) and include 240 multi-choice questions. Examinations are held all over the globe.

This exam is no joke, only 40% of applicants had passed 1st Level of CFA. There’ no way for selecting variants in haphazard approach, the deep learning of investment management is expected from the candidate.