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CFA 2024 Syllabus: prescribed by the CFA Institute for all three exam levels, covers topics essential for developing investment analysis and portfolio management skills. It includes chapters on finance and related subjects like Economics, Financial Statement Analysis, Equity Investments, Derivatives, Alternative Investments, Portfolio Management, and Wealth Planning. The syllabus adapts modern financial practices to the changing economic environment, with differences in difficulty and weightage across levels. To become a charter holder, a CFA student must pass all three levels of the exam and gain necessary work experience.
Here are some key points about the CFA course:
- CFA isn’t a fixed semester course. It’s designed to certify professionals in financial analysis.
- Passing all three levels of the CFA exam can get you certified in about 1.5 years.
- The CFA syllabus focuses on teaching advanced investment analysis and portfolio management.
- In India, the demand for financial planning skills is growing, making CFA professionals highly sought after.
- The CFA course has three levels. You need to pass each level to move on to the next.
- To enroll in the CFA course, you need a bachelor’s degree or relevant work experience.
Core Subjects in CFA Syllabus
| CFA Subject | CFA Subject Details |
|---|---|
| Ethical and Professional Standards | Financial ethics, challenges to ethical behavior, importance of professionalism, and sticking to ethics in the investment industry. |
| Quantitative Methods | Quantitative techniques for investment decision-making, financial analysis, probability theory, risk quantification, and characteristics of return distributions. |
| Economics | Concepts of demand and supply, market structures, macroeconomic principles, aggregate output, aggregate demand, business cycles, and their economic effects. |
| Financial Statement Analysis | Standards and procedures of financial reporting, examination of financial statements, effects of alternative accounting methods, and emphasis on analysis. |
| Corporate Issuers | Finance and investment decisions within corporate governance, overview of corporate governance, impact of social and environmental considerations, leverage, and managing working capital. |
| Equity Investments | Basic equity models, equity securities, industry and company analysis, characteristics of equity investments, security markets, and indexes. |
| Fixed Income | Fixed-income securities, yield measures, risk factors, valuation measurements, calculating yields and values, credit analysis, bond risks and returns, and securitization of assets. |
| Derivatives | Derivative markets, basic derivatives, valuation concepts, forward commitments, arbitrage, and understanding the link between derivative pricing and underlying asset price. |
| Alternative Investments | Various investment topics such as hedge funds, real estate, infrastructure, debentures, commodities, and more. |
| Portfolio Management and Wealth Planning | Fundamentals of risk and portfolio management, risk and return measurement, creating and managing portfolios, and available investment solutions for institutional and individual investors. |
Comprehensive CFA Curriculum
| CFA Course Level | CFA Subject | Weightage in CFA Exam | CFA Level I Syllabus |
|---|---|---|---|
| Ethical and Professional Standards | 15-20% | ||
| Level I | Quantitative Methods | 8-12% | |
| Economics | 8-12% | ||
| Financial Statement Analysis | 12-17% | ||
| Corporate Issuers | 8-12% | ||
| Equity Investments | 10-12% | ||
| Fixed Income | 10-12% | ||
| Derivatives | 5-8% | ||
| Alternative Investments | 5-8% | ||
| Portfolio Management and Wealth Planning | 5-8% | ||
| —————— | —————————- | ———————— | ———————————————————————————————————— |
| Ethical and Professional Standards | 10-15% | ||
| Level II | Quantitative Methods | 5-10% | |
| Economics | 5-10% | ||
| Financial Statement Analysis | 10-15% | ||
| Corporate Issuers | 5-10% | ||
| Equity Investments | 10-15% | ||
| Fixed Income | 10-15% | ||
| Derivatives | 5-10% | ||
| Alternative Investments | 5-10% | ||
| Portfolio Management and Wealth Planning | 10-15% | ||
| —————— | —————————- | ———————— | ———————————————————————————————————— |
| Ethical and Professional Standards | 10-15% | ||
| Level III | Economics | 5-10% | |
| Equity Investments | 10-15% | ||
| Fixed Income | 15-20% | ||
| Derivatives | 5-10% | ||
| Alternative Investments | 5-10% | ||
| Portfolio Management and Wealth Planning | 35-40% |
CFA Study Resources: Books and Materials
CFA Institute provides books and study materials for each level of the course. Upon registering for the CFA program, candidates immediately receive access to various study tools and resources. These resources include:
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- Official program curriculum
- Personalized study plans tailored to individual needs
- Study sessions designed for each level
- Practice questions integrated throughout the curriculum
- Additional study resources and tips
- Mock exams replicating the exam-day experience
Furthermore, CFA Institute facilitates access to its learning ecosystem and community, aiming to support students. In their journey towards becoming CFA charter holders.
FAQ
CFA charter holder typically works in roles related to investment banking, portfolio management, asset and wealth management, research, consulting, risk analysis, and management.
The difficulty of the CFA exam varies based on individual preparation and understanding of finance. With dedication, a solid study plan, access to study materials, mock tests, and practice questions, success is attainable for those with a strong grasp of finance concepts.
The CFA certification, or Chartered Financial Analyst, is highly regarded in the finance industry. It consists of three levels of examinations assessing candidates’ knowledge of investment tools, asset valuation, portfolio management, and wealth planning
The CFA Syllabus 2024 covers topics related to investment, finance, and accounting.
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