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Frequently Asked Questions About CFA by Nobody: 4:27pm On Aug 13, 2015 |
The CFA is presently the most sought after finance certification in the world. The CFA is one of the most respected designations in finance. It is considered to be the gold standard in the world of finance. Here are some of the most frequently asked questions about the certification. 1. Question: What are the prerequisites to be eligible to write the exam? Answer: You must have a B.Sc or its equivalent. However, you might be allowed to write Level 1 if you satisfy you are in the final year of your undergraduate program or you have up to four years of professional experience. You do not need to be a chartered accountant to be eligible. 2. Question: How much will I pay to register and what is the cost of the exam fees? Answer: The initial registration and exam fees vary. You can find the details on the CFA website http://www.cfainstitute.org/programs/cfaprogram/register/Pages/fee_schedule.aspx 3. Question: When is the exam written? Answer: Level 1 is written in both June and December, while Levels 2 and 3 are written in June only. 4. Question: Where is the exam written? Answer: As of now, the nearest venue to us in Nigeria is in Ghana. The exam is not written in Nigeria. You will have to travel to Ghana few days before your exam. 5. Question: How difficult is the exam? Answer: I am not trying to discourage you from writing the exam, nevertheless, the truth must be told. CFA is the most rigorous exam you will ever write. It is not for the faint hearted. It is reported that only 20% of those that embark on the CFA journey eventually complete it. Less than 15% of candidates pass on first attempt. Nevertheless, it is doable. Many Nigerians are charter holders. You can still join the ever growing list. You just need to be highly focused and diligent. 6. Where can I work when I become a charter holder? Answer: You can work in brokerage firms, investment firms, asset management firms etc. You can work as a portfolio analyst/manager, research analyst, financial advisor,risk manager, investment banker, consultant, corporate finance analyst, strategist, etc. Getting a high paying job will be the least of your worries if you can obtain the CFA certification. 7. Question: How is the curriculum like? Answer: The curriculum differs for the three levels. *The Level 1 study program emphasizes tools and inputs, and includes an introduction to asset valuation, financial reporting and analysis, and portfolio management techniques. *The Level 2 study program emphasizes asset valuation, and includes applications of the tools and inputs (including economics, financial reporting and analysis, and quantitative methods) in asset valuation. *The Level 3 study program emphasizes portfolio management, and includes descriptions of strategies for applying the tools, inputs, and asset valuation models in managing equity, fixed income, and derivative investments for individuals and institutions. 8. Question: What other conditions must I satisfy to become a charter holder? Answer: Even after passing the exams of the three levels, you must still satisfy the following conditions before you can finally become a charter holder: *Have four years (48 months) of qualified work experience (or a combination of education and work experience acceptable by the CFA Institute). However, individual level exams may be written prior to satisfying this requirement; *Become a member of the CFA Institute and apply for membership to a local CFA member society *Adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct. 9. Question: Are there CFA tuition houses in Nigeria? Answer: There are few CFA tuition houses in Lagos, unlike ICAN and ACCA exams. Most CFA candidates prefer to do self-study. I am not soliciting for anyone, but I know of 3V Learning Centre. There are also smaller tuition houses. You really need to do some research about them. 10. Question: What is the format of the exam? Answer: There are 2 sessions on the exam day; the morning and afternoon session. The duration for each session is 3 hours. *Level 1 has 240 multiple choice questions. *Level 2 has 120 multiple choice questions organized as 20 six-question item sets, each set having its own array of facts. To answer each question, the candidate must refer to the vignette as there is insufficient information in the question stem. *Level 3 consists of a session of constructive response, essay-type questions, and a session of 10 six-question item sets as in the Level 2 exam. On the multiple-choice/item set sections, there is no negative marking. Try to answer all the questions. Only 2 types of calculators are allowed for the exam. These are Hewlett Packard 12C including the HP 12C Platinum, and the Texas Instruments BA II Plus including the BA II Plus Professional. http://ng-books..com/2015/08/frequently-asked-questions-about-cfa.html cc: Seun lalasticlala ishilove 13 Likes 10 Shares |
Re: Frequently Asked Questions About CFA by ebuksy: 7:04pm On Aug 13, 2015 |
Nice thread. Very informative |
Re: Frequently Asked Questions About CFA by Nobody: 7:10pm On Aug 13, 2015 |
CFA is the Most respected finance related exam in the world at the moment and one I see myself writing very soon. Sureguy02, do you know anything about writing CIMA in Nigeria? I would love to write the next diet exam. ![]() 1 Like |
Re: Frequently Asked Questions About CFA by Nobody: 6:33am On Aug 14, 2015 |
FriedPlantain: No. I have no idea. The scope of CIMA is restricted. It's not that popular here |
Re: Frequently Asked Questions About CFA by UjSizzle(f): 6:10pm On Aug 14, 2015 |
Whoa ![]() Thanks for the info OP. Hopefully I'll be writing that once this is over. |
Re: Frequently Asked Questions About CFA by Nobody: 10:34pm On Aug 14, 2015 |
UjSizzle:which one is yet to be over? |
Re: Frequently Asked Questions About CFA by Adesiji77: 10:13pm On Aug 16, 2015 |
sureguy02: |
Re: Frequently Asked Questions About CFA by UjSizzle(f): 9:07am On Aug 17, 2015 |
FriedPlantain:ICAN |
Re: Frequently Asked Questions About CFA by Smoak: 9:08am On Aug 17, 2015 |
Jus checked out the site.....the fees no be here o. Nevertheless,am interested....been looking for a way to evade ican/acca ![]() 1 Like |
Re: Frequently Asked Questions About CFA by Nobody: 9:12am On Aug 17, 2015 |
Smoak: Are you interested in finance? CFA is far tougher than ICAN or ACCA. Go for CFA if you really have passion for hard core finance |
Re: Frequently Asked Questions About CFA by Smoak: 10:11am On Aug 17, 2015 |
@sureguy02, Yes, I am....or so i think Its may be tougher but the topic areas appeal more to me than that of Ican/Acca (easier said than done right) Anyways, i'll include it in my future plans....got smaller fishes to fry for now |
Re: Frequently Asked Questions About CFA by Nobody: 11:17am On Aug 17, 2015 |
UjSizzle:Oh, thought you were done with it already. I remember seeing your post on one of them Ican threads sometime ago. What papers are left for you to write? |
Re: Frequently Asked Questions About CFA by Nobody: 4:33pm On Oct 16, 2015 |
sureguy02:i sent you a pm pls reply |
Re: Frequently Asked Questions About CFA by zaram2014: 1:15pm On Jan 31, 2017 |
For 2017 Level 1 CFA materials, sms 07020170504 |
Re: Frequently Asked Questions About CFA by Gunlawz(m): 3:38pm On Mar 26, 2017 |
plz is it tru dat if u fail one course...u have to repeat all odas in dat stage? Do ican holders have any exemptions? |
Re: Frequently Asked Questions About CFA by eanestca(m): 2:31pm On Apr 24, 2017 |
who else wants to do CFA by this time next year? I thinking of it |
Re: Frequently Asked Questions About CFA by dapoddon: 1:16pm On Jun 26, 2017 |
Brotherly, me o. U have study materials already? eanestca: |
Re: Frequently Asked Questions About CFA by eanestca(m): 7:36am On Jun 28, 2017 |
dapoddon: not yet bro, what of you? |
Re: Frequently Asked Questions About CFA by Nobody: 11:07pm On Aug 06, 2017 |
Please I am a doctor by profession but would love to have a career in Finance. Although, it's been long I did maths and statistics but I would still love to build a Finance related career. Please how and where do I start? it doesn't look like beginners can write this CFA |
Re: Frequently Asked Questions About CFA by opendo21(m): 8:25am On Aug 07, 2017 |
Yureyes:I know quite a few doctors who wrote and passed the CFA exam. No special requirements, just prepare and pass. Your medical training has already exposed you to good study habits. Just transfer that to this with a bit more effort 3 Likes |
Re: Frequently Asked Questions About CFA by seunfoster: 8:35pm On Aug 28, 2017 |
Is there any exception(s) for ICAN ACAs? |
Re: Frequently Asked Questions About CFA by CFAMadeEasy: 9:10am On Dec 02, 2017 |
For your 2018 CFA study materials level 1-3 (notes) both hard and soft copies available, qbank also available too. Call/WhatsApp 08055047648 |
Re: Frequently Asked Questions About CFA by ziezy(m): 11:24am On Dec 27, 2017 |
Are there alternative prof. exams for CFA ? If yes, which ? |
Re: Frequently Asked Questions About CFA by Ayhanfeoluwa: 5:34pm On Dec 28, 2017 |
Please can one get any link to download CFA materials for beginners? |
Re: Frequently Asked Questions About CFA by Tee2014: 3:17pm On Feb 20, 2018 |
Hi guys, Here is the Link to theCFA DEC 2018 L1 whatsapp group for candidates resident in Nigeria. You can get all the info you need here. https://www.linkedin.com/groups/38728/38728-6371697713330819081 |
Re: Frequently Asked Questions About CFA by all4best(m): 12:36pm On Apr 07, 2019 |
The link is not accessible Tee2014: |
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