CFA Program

Due to the postponement of the June 2020 exam, CFA Institute has made the decision to freeze the 2020 CFA Program® curriculum for two exam cycles. This means that all candidates who take the exam in December 2020, or any exam dates offered in 2021, will be tested using the current 2020 CFA Program® curriculum.

CFA® Program

About the CFA® Program

​Achieve the highest distinction in the investment management profession — the Chartered Financial Analyst (CFA®) designation. As a CFA charterholder, you will join over 167,000 professionals recognized globally for their commitment to ethics and professionalism.

Earn the Industry Leading Designation

Secure a Successful Career

Kickstart your career with the skills needed to excel at all stages of your investment profession.

Gain a Strong Ethical Foundation

Gain the confidence and clarity in navigating ethical issues within the investment management industry.

Earn Waivers and Industry Acclaim

Earn recognition and waivers from regulatory agencies, graduate programs, and other organizations.

Self-paced Home Study

In uncertain times, the Learning Ecosystem provides everything you need to study in a digital format upon registering for CFA Program.

Join a Global Community

Connect with our prestigious group of investment professionals from around the world.

Access Expert Support

Gain access to career resources, guides, thought leadership, and other educational support.

How to Earn the CFA Charter

Pass CFA Exams

CFA Program contains three levels of curriculum, each with its own exam. Passing the exam for all three levels is a requirement to obtain the CFA charter. 

Achieve Qualified Work Experience

Complete work experience requirements before, during, or after participation in CFA Program. Your experience must be directly involved with the investment decision-making process or producing a work product that informs or adds value to that process.

Submit Reference Letter

In support of your membership application, you will need to provide 2-3 professional references. References will be asked to comment on your work experience and professional character.

Apply to Become a Charterholder

Apply to become a regular member of CFA Institute. Once your application is approved and you have joined CFA Institute, you will have earned the CFA charter. 



The average time it takes to complete the program.



The average amount of hours of study per exam level.



You must pass an exam for each level of curriculum. 



The CFA exams are administered in 170+ cities.

Curriculum Content and Learning Focus

The CFA Program curriculum is built around 10 keys from The Candidate Body Of Knowledge.

Ethical & Professional Standards

Quantitative Methods

Financial Reporting & Analysis

Alternative Investments

Portfolio Management & Wealth Planning

Corporate Finance

Fixed Income




Curriculum Designed with Your Future in Mind

Our rigorous curriculum prepares you to be an effective and ethical investment management professional. The information learned in each level builds upon the previous level and increases in complexity as you progress.


Knowledge and Comprehension

  • Topic Focus: Investment Tools 
  • Tests your knowledge of ethical and professional standards


Application and Analysis

  • Topic Focus: Asset Valuation 
  • Tests how you apply standards to situations analysts face


Synthesis and Evaluation

  • Topic Focus: Portfolio  Management 
  • Tests how you apply the standards in a portfolio management and compliance context

Contact CFA Institute

Candidate Hotline ​

24 Hour Line for ​CFA Exam Candidates
(Toll Free from Singtel Line only)
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