CFA Chartered Financial Analyst Courses in the UK
The Chartered Financial Analyst (CFA) program is designed as a self-study course for investment professionals and is positioned as a master’s level qualification. The Chartered Financial Analyst (CFA) qualification is reported as the most internationally recognised investment designation available.
Amongst the main benefits of achieving the CFA designation is that potential investors recognise Chartered Financial Analysts as the benchmark of professionalism and competence in the areas of portfolio management and investment analysis. The CFA qualification also gives professions credibility, respect and the competitive edge in terms of securing appointments or clients.
CFA Course Structure
The CFA course structure examines the same core 10 subjects over three levels, with varying weights in terms of potential examination value.
Ethical and Professional Standards – Level I (15%), Level II (10%) Level III (10%)
Quantitative Methods – Level I (12%), Level II (5-10%), Level III (0%)
Economics – Level I (10%), Level II (5-10%), Level III (0%)
Financial Reporting and Analysis – Level I (20%), Level II (15-25%), Level III (0%)
Corporate Finance – Level I (8%), Level II (5-15%), Level III (0%)
Equity Investments – level I (10%), Level II (20-30%), Level III (5-15%)
Fixed Income – Level I (12%), level II (5-15%), Level III (10-20%)
Derivatives – Level I (5%), Level II (5-15%), Level III (5-15%)
Alternative Investments – Level I (3%), Level II (5-15%), Level III (5-15%)
Portfolio Management – Level I (5%), Level II (5-15%), Level III (45-55%)
In order to embark on the Chartered Financial Analyst (CFA) course, you must meet the minimum entry requirements. You must hold a bachelor’s degree or equivalent, or four years of professional work experience. Alternatively, you can have a combination of college and work experience that amount to a total of four years. You must also be able to take exams in English and have a valid international passport.
CFA Course Exams
The CFA examination is carried out when you take three levels of exams, each lasting six hours in total and comprising of two three hour sittings. Level I exams consist of 240 multiple choice questions, with each question offering three answer choices. Level II involves 10 “vignettes” or mini case studies, and you will need to answer six questions on their chosen vignette. Level III comprises of two parts, with the first involving a response test where you will need to provide written answers to a given portfolio scenario. The second half is the same format as the mini case study in level II.