The CFA program is a graduate-level, self-study curriculum and examination program for investment professionals – especially securities analysts, money managers and investment advisers. Established in 1962, the CFA program sets the global standard for investment knowledge, standards and ethics. Earning the credential can serve as a “passport” for entry to or advancement within the profession or for work in other countries. It tells clients, employers and colleagues that the charterholder has mastered a rigorous curriculum covering a broad range of investment topics and is committed to the highest ethical standards in the profession.
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| Admission |
| Designation Earn a bachelor’s degree or equivalent. Pass three sequential, six-hour examinations over at least two years. (Level I is offered twice a year, in June and December. Levels II and III are offered once a year, in June.) Work as an investment professional at least four years. Work experience may be prior, concurrent or subsequent to exam completion. Commit to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct (reaffirmed annually). Maintain membership-in-good-standing with CFA Institute. |
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Duration |
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Minimum 2 1/2 years to 3 years (to complete Level 1, 2 and 3) |
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CFA June Exam |
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CFA December Exam |
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| Subject Tested |
The CFA curriculum is grounded in the practice of the investment profession. CFA Institute periodically conducts a practice analysis involving CFA charterholders around the world to determine those elements of the body of investment knowledge and skills that are important to charterholders in their practice. The most recent practice analysis was completed in 2001.
The Candidate Body of Knowledge is organized into four major topic areas: ethical and professional standards, tools and inputs for investment valuation and management, asset valuation, and portfolio management and performance presentation.
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| Study Program |
LEVEL 1
Emphasizes tools and inputs and includes an introduction to asset valuation and portfolio management techniques.
LEVEL 2
Emphasizes asset valuation and includes applications of the tools and inputs (including economics, financial statement analysis, and quantitative methods) in asset valuation.
LEVEL 3
Emphasizes portfolio management and includes strategies for applying the tools, inputs, and asset valuation models in managing equity, fixed income, derivatives, and alternative investments for both individuals and institution.
Ethical and professional standards are emphasized at all three levels of the curriculum. |
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| About CFA Institute |
CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® curriculum and examination program worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 94,000 members, who include the world’s 81,000 CFA charter holders, in 131 countries and territories, as well as 135 affiliated professional societies in 56 countries and territories.
CFA Institute is headquartered in Charlottesville, Va., USA, with regional offices in London, Hong Kong and New York. CFA Institute was known as AIMR (Association for Investment Management and Research) from 1990 to early 2004, and before that was two separate organizations whose roots go back to 1947.
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| Program Candidate Profile |
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Education |
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Bachelor’s degree or higher.
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Geographic Distribution |
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United States |
32% |
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| Obtaining The CFA Charter |
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Charter Minimum length of time taken to sequentially pass all three exams : 2 years
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Recommended number of hours of study for each exam level: a minimum of 250 hours per exam with substantially more depending on individual circumstances. |
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Average number of years candidates take to earn the CFA charter : 4+ |
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Global pass rates for
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June 2010 Exam |
: Level I 42%, Level II 39%, Level III 46% |
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Dec 2009 Exam |
: Level I 34% |
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Jun 2009 Exam |
: Level I 46%, Level II 41%, Level III 49% |
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Dec 2008 Exam |
: Level I 35% |
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Jun 2008 Exam |
: Level I 35%, Level II 46%, Level III 53% |
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| CFA Program Growth |
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First year CFA exam was administered and charters were awarded: 1963
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Number of candidates who sat for the exam in 1963: 284 |
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Number of charters awarded in 1963: 268 |
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Candidates enrolled from outside the U.S.A and Canada :
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In June 2006 46,398 (55% of all candidates). |
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In 1995 5,900 (22% of all candidates). |
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In 1990 1,150 (10% of all candidates). |
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In 1985 87 (1.5% of all candidates). |
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| Member Network Invaluable |
Global network of more than 80,000 charterholders
Highly active professional membership organization
Members play leading roles in : |
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Investment companies
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Mutual funds |
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Broker-dealer to |
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Pensions and foundations |
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Research and academic institutions |
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| Top employers of CFA charterholders |
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Bank of America Corporation |
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BMO Financial Group |
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Citigroup |
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Deutsche Bank |
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The Goldman Sachs Group, Inc |
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JPMorgan Chase & Co. |
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Mellon Financial Corporation |
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Morgan Stanley |
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PricewaterhouseCoopers |
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Royal Bank of Canada |
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State Street Corporation |
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UBS |
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Wellington Management Company, LLP |
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Corporation Barclays Group |
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CIBC |
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Credit Suisse Group |
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Fidelity Investments |
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Group, Inc. ING Groep N.V. |
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Lehman Brothers, Inc. |
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Corporation Merrill Lynch & Co. Inc. |
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Northern Trust Corp. |
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Prudential Financial, Inc. |
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Scotiabank Group |
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TD Bank Financial Group |
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Wachovia Corporation |
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Morgan Stanley |
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| Download |
| Brochure |
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Brochure
Download PDF | File Size 279 Kb |
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| Timetable |
| December 2010 Exam |
| KL Main Centre |
| • Level 1 (IRC) - September 2010 intake |
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| Sunway Branch |
| • Level 1 (IRC) - September 2010 intake |
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| June 2011 Exam |
| KL Main Centre |
| • Level 1 - September & November 2010 intake |
| • Level 2 - October 2010 intake |
| • Level 3 - November 2010 intake |
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| Sunway Branch |
| • Level 1 - November 2010 intake |
| • Level 2 - November 2010 intake |
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| * Timetables for June 2011 are under processing now, will be out in the month of September 2010. |
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| Enrollment Form |
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Enrollment Form
Download PDF | File Size 122 Kb |
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| Enrollment Procedure |
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Fill up enrollment form |
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Passport size photo x 1 |
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Photocopy IC (front & back) x 1 |
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Photocopy of higher academic qualification x 1 |
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Pay RM100 registration fee. |
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| Location Map |
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| Trademark Disclaimer : CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Kolej Kasturi. CFA Institute, CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
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