Schweser CFA CFA - Charter Financial Analyst Schweser CFA Exam The CFA Exam Review - PremiumPlus Package comes with your choice of live or online weekly classes and live or online review workshops. Product #: 467 4.4 stars, based on 29,200 reviews $990
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CFA ®

Chartered Financial Analyst

Be a CFA® in 6 steps!

  1. Qualify

    To enroll in the CFA® Program you need to have certain requirements in order to qualify.

    1. A bachelor's (or equivalent) degree (or be in the final year of your degree program at the time of registration) or four years of professional work experience.
    2. A combination of full-time professional and college experience that totals at least four years prior to enrollment.
    Do you qualify?
  2. Enroll

    Get started on your CFA® journey with Morgan – we will be with you every step of the way.

    Explore our learning options.
  3. Apply

    Let Morgan guide you on the ins and outs of where, when and how to apply for your CFA® exam.

    Applying made easy!
  4. Review

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    Get the perfect pre-exam boost with Morgan's tools:

    Morgan P2 Package Packed with practice questions

    CFA® Final Practice & Review for 2 days

    The Schweser Boot Camp 5-day intensive review

    Get them now!
  5. Exam

    To earn your CFA® charter you will need to take a series of three exams in sequential order at one of many test centers around the world.

    Everything you need to know about the exams.
  6. Charter

    To earn a CFA® charter, you must:

    1. Pledge to adhere to the CFA® Institute Code of Ethics & Standards of Professional Conduct

    2. Have four years of qualified investment work experience

    3. Become a regular member of CFA® Institute and apply for membership to a local CFA® member society.

    Learn more.

Are You Eligible for the CFA®?

Find out now with Morgan’s Instant Eligibility Advisor

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What’s involved in the CFA® Exam?

Your CFA® Exam 101

All your questions about the CFA® exam have an answer right here.

CFA Level 1 at a glance

The CFA® Level 1 Exam focuses on a basic knowledge of investment tools, along with some analysis.

  • Ethical & Professional Standards Exam Weight: 15%
  • Quantitative Methods Exam Weight: 12%
  • Economics Exam Weight: 10%
  • Financial Reporting & Analysis Exam Weight: 20%
  • Corporate Finance Exam Weight: 7%
  • Equity Investments Exam Weight: 10%
  • Fixed Income Exam Weight: 10%
  • Derivatives Exam Weight: 5%
  • Alternative Investments Exam Weight: 4%
  • Portfolio Management and Wealth Planning Exam Weight: 7%

The facts in brief

  • Length

    Level I takes place over one day, split between a three-hour morning session and a three-hour afternoon session: you must attend both to complete it.

  • Content

    You will be asked a total of 240 MCQs covering all topics, split equally between the morning & afternoon sessions. Each of these is either a question, a statement, and/or table with a choice of three answers: A, B, or C.

  • Morgan Tip

    To complete the exam on time, you should try to allow an average of approximately 90 seconds for each question.

To do list:

  • Don’t panic – check Morgan’s top CFA® Level I pre-exam tips.
  • Get ahead with sample CFA® exam questions - it’s free!
  • Don’t get left in the dark – read up on the FAQs.

CFA Level 2 at a glance

The CFA® Level 2 Exam further emphasizes analysis along with application of investment tools and concepts.

  • Ethical & Professional Standards Exam Weight:10-15%
  • Quantitative Methods Exam Weight: 5-10%
  • Economics Exam Weight: 5-10%
  • Financial Reporting & Analysis Exam Weight: 15-20%
  • Corporate Finance Exam Weight: 5-15%
  • Equity Investments Exam Weight: 15-25%
  • Fixed Income Exam Weight: 10-20%
  • Derivatives Exam Weight: 5-15%
  • Alternative Investments Exam Weight: 5-15%
  • Portfolio Management and Wealth Planning Exam Weight: 5-15%

The facts in brief

  • Length

    The Level 2 exam takes place over one day split into a three-hour morning session and a three-hour afternoon session.

  • Content

    You will be tested on a total of 20 item sets, split equally between the morning & afternoon sessions. Each of these 20 item sets contains six items (MCQs), thus giving you a total of 120 items; each of these items is worth three points, leading to a possible maximum total of 360 points for the entire Level II exam.

  • Morgan Tip

    Each item set consists of a vignette (case statement) and six MCQs. The information contained in the vignette is essential to answering the six MCQs, so should be read first and referred back to as you go through the questions.

To do list:

  • Don’t panic – check Morgan’s top CFA® Level II pre-exam tips.
  • Get ahead with sample CFA® exam questions - it’s free!
  • Don’t get left in the dark – read up on the FAQs.

CFA Level 3 at a glance

The CFA® Level 3 Exam focuses on synthesizing all of the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning.

  • Ethical & Professional Standards Exam Weight: 10-15%
  • Economics Exam Weight: 5-15%
  • Equity Investments Exam Weight: 5-15%
  • Fixed Income Exam Weight: 10-20%
  • Derivatives Exam Weight: 5-15%
  • Alternative Investments Exam Weight: 5-15%
  • Portfolio Management and Wealth Planning Exam Weight: 40-55%

The facts in brief

  • Length

    The Level III exam takes place over one day consisting of a morning session and an afternoon session.

  • Content

    The morning session includes between 8 and 12 questions that require a constructed response (essay), with a maximum total of 180 points. In the afternoon session you will be asked to answer 10 item set questions, whose structure you first encountered in Level II.

  • Morgan Tip

    There are 2 types of essay questions: the first will ask you to write your answers on the lined pages, the second will ask you to write your answers in a template. Since questions can have anything from 1 to 8 sub-parts, within any 1 question you find a mix of these 2 question styles. Always make sure you read the question thoroughly & follow directions (on the page heading above it).

To do list:

  • Don’t panic – check Morgan’s top CFA® Level III pre-exam tips.
  • Get ahead with sample CFA® exam questions - it’s free!
  • Don’t get left in the dark – read up on the FAQs.

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