A chartered financial analyst (CFA) is a globally-recognized professional designation given by the CFA Institute, (formerly the AIMR (Association for Investment Management and Research)), that measures and certifies the competence and integrity of financial analysts. Candidates are required to pass three levels of exams covering areas, such as accounting, economics, ethics, money management, and security analysis.
The CFA Level II exam consists of 22 item sets comprised of vignettes with 88 accompanying multiple-choice questions. The Level II exam will be 4 hours and 24 minutes, split into two equal sessions of 2 hours and 12 minutes, with an optional break in-between. Vignettes can be lengthy, so give yourself plenty of time to read. Plan on about 10 to 20 minutes to read and answer each vignette; the time will vary based on the number of questions that follow the vignette. These mini case studies have you work through real-world problems and answer questions related to each of them. Take a quick look at the questions before you read each vignette. This will give you an idea of the subject matter to be covered.
The CFA® Program includes the foundational knowledge that firms expect as well as the critical advanced investment analysis and portfolio management skills that are needed in investment management today.
The Global Investment Performance Standards (GIPS®) are voluntary, ethical standards for calculating and presenting investment performance based on the principles of fair representation and full disclosure.
Shoaib Yaqoob is CFA charter Holder and ACCA Member. He has diversified experience in the corporate and Banking industry. He has been teaching ACCA, CA, CFA Since 2007 both online and face to face and has conducted many international workshops as well.