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aimrcfapreparation Chartered Financial Analyst (CFA)CFA Exam Level 1/2/3 Preparation Guide- Answers to "How Do I Become a CFA" and CFA Past Papers Most Commonly Asked Questions (FAQs) How is CFA Paper Set and Graded-Directly from the CFA Exam Setters Video How is CFA Paper Set and Graded- pdf Expanded CFA FAQs CFA vs. MBA CFA Topic Area Weights CFA Curriculum Differences between CFA Level 1 and CFA Level 2 and CFA Level 3 Examinations CFA Level 1/2/3 Booklist Changes in CFA Curriculum (Level 2/ Level 3) between 2008 and 2008 CFA Review, Exam Prep and Programs CFA Testing Policies CFA Passing Scores CFA Exam Myths CFA Exam Material CFA Exam Gameplan ExamDayExperience- CFA CFA Exam Dates and Calendar CFA Exam Results- 1963- 2007 CFA Institute Salary Survey Payscale CFA Salary Survey CFA MCQTipsWhat is the CFA Institute? The CFA Institute is headquartered in the United States of America at Charlottesville, Virginia with offices in Hong Kong and London. Formerly known as the Association for Investment Management and Research (AIMR), the Institute awards the Chartered Financial Analyst (CFA) designation. Chartered Financial Analyst (CFA) is an international professional designation offered by the CFA Institute of USA (formerly known as AIMR) to financial analysts who complete a series of three examinations. Candidates must have a bachelor's degree (or equivalent), be in the final year of their bachelor's degree program, or have at least four years of qualified, professional work experience in order to take the exams. In order to become a "CFA Charterholder" candidates must pass all three exams, agree to comply with the code of ethics, pay member dues, and have four years of work experience deemed acceptable by the CFA Institute. The CFA Institute's CFA program is not related to the Indian CFA offered by ICFAI in India. CFA charterholders are also obligated to adhere to a strict Code of Ethics and Standards governing their professional conduct. How are the CFA Exams Structured? Candidates generally take one exam per year over three years and are written at a postgraduate level for financial professionals. Fees for the June 2008 exams range from $600 to $930, depending on the date at which the candidate registers to take the exam. Exams are challenging, with only 40% passing the Level I and II exams and 50% passing Level III in June 2007 (39% for Level I in December 2007) In 2006, Europe achieved the highest average pass rate for the Level I, II and III of the exam with an overall success rate of 57% of candidates; versus 54% for the USA and 49% in Asia and Pacific Asia. The Level I study program emphasizes tools and inputs and includes an introduction to asset valuation and portfolio management techniques. The Level II study program emphasizes asset valuation and includes applications of the tools and inputs (including economics, financial statement analysis, and quantitative methods) in asset valuation. The Level III study program emphasizes por
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