Complete Chartered Financial Analyst (CFA) Program


The Chartered Financial Analyst (CFA) Program is considered as the gold standard in the investment management industry. Earning CFA charter involves successfully passing three levels of exam conducted globally, completing 48 months of relevant work experience and becoming a regular member of the CFA institute.

The CFA Level 1 Exam is offered in June as well December every year. CFA Level II Exam and CFA Level III Exam are only offered in June. CFA exams are paper-based. You will need to have a passport in order to register for the exam. Students have to make payments to the CFA institute at the time of registration either through debit or credit card. Please note that CFA exam is only conducted in the English language. Also, the earliest you can only sit for CFA Level I exam is the final year of your degree program. You can't take CFA Level II exam unless you have received a Bachelor's degree. Students from all kinds of majors (Engineering, Arts, Commerce, IT) can sit for the CFA exam.

There is no limit to number of times you can take the CFA Exam. There is also no negative marking in any of the exams. Approximately 1 in 3 students (33%) pass the CFA Level 1 exam. Pass percentage is slightly higher for CFA Level II Exam and CFA Level III Exam.

Fastest way to clear all three exams is to pass Level 1 exam in December attempt, followed by Level II exam in June next year and Level III exam the year in a total span of one-and-half years. The student doesn't need to pass all three levels to be eligible for a job in the financial industry.


Profit Shastra offers you CFA preparatory program, in the form of recorded videos of classroom lectures,  which would enable you to pass all the levels of CFA exam with flying colours.

Check out the CFA Curriculum details to know more about the CFA Exam topic areas and CFA Exam syllabus covered in the CFA Exam:

(All three levels of CFA Program test students on the following ten topic area. The weights of the topic areas differ from one level to the next.)

Topic Area

Level 1

Level 2

Level 3

Ethical and Professional Standards




Quantitative Methods








Financial Reporting and Analysis




Corporate Finance




Equity Investments




Fixed Income








Alternative Investments




Portfolio Management and Wealth Planning









Students can start career in core finance profiles like Investment banking , Equity Research, Financial Modeling etc  just after CFA Level 1

Topics Covered

CFA Level I Exam 

It is a 6-hour multiple-choice exam of 240 questions. Student's attempt 120 multiple choice questions in the morning session (3 hours) followed by a break of two hours and 120 multiple choice questions in the afternoon session (3 hours).

CFA Level I Exam can be thought of as foundation or introductory course where breadth of the material is more than the depth. Exam questions don't go into the depth but actually test you on the concepts. It's relatively easy to clear CFA Level I Exam as most candidates are ill-prepared. However, please do keep in mind that you are competing against the world's best and the brightest.

Profit Shastra helps CFA Level I exam students by methodically preparing them to think conceptually, practice solving problems through rigorous testing and following the capital markets by reading and discussing financial newspapers and magazine. Given our teaching philosophy, we have been successful in developing the interest in Finance for students from various backgrounds. Profit Shastra students also benefit from working on LIVE industry oriented projects and participate in weekly investment club meeting to discuss current market events and research companies.

CFA Level II Exam 

It is a multiple choice exam similar to CFA Level I Exam. The total number of questions is 120 and the total length of the exam is 6 hours. Student attempts 60 questions in the morning session (3 hours) followed by two hour break and 60 questions in the afternoon session (3 hours). In each session, 6 multiple choice questions follow a mini case-study. These mini case-studies are referred to as “item” set. There will be a total of 10 item sets in each session.

CFA Level II Exam is considered to be the most difficult exam of all the three levels as it goes into the depth of each topic area. Also, the quality of candidates appearing for the exam is better since all of them have cleared the CFA Level I Exam as well.

Profit Shastra students find CFA Level II exam studies easier since it builds on CFA Level I exam concepts which are drilled into their head through rigorous CFA Level I Exam training. They only have to continue with the disciplined study similar to CFA Level I exam.

CFA Level III Exam

This is much easier as compared to CFA Level II exam. Passing rate is usually the highest for CFA Level III exam. CFA Level III exam tests students on practical application of concepts. Level III focuses on synthesizing all of the concepts learnt in Level I and Level II exam. CFA Level III exam is practice oriented and focuses on application of concepts and analytical methods in different real world scenarios for effective investment management. Ideally, this exam should be taken after some relevant work experience in the industry so that the student can relate to the material.

CFA Level III Exam is a 6-hour exam totaling 360 points. It follows the CFA Exam tradition of morning 3 hour session followed by break of 2 hour and afternoon 3 hour session. The 3 hour morning session is essay format. It has a maximum score of 180 points. There could be 10 - 15 essay questions with multiple sub-questions. The point value for each question is provided. The 3 hour afternoon session is item set similar to item set questions in CFA Level II Exam. An item set question is one where multiple choice questions follow a mini case study. Level III has 10 item set questions in the afternoon session.

Profit Shastra CFA Exam training students join from various backgrounds (Arts, Commerce, Science etc.); various degrees such as MBA, BBA, BCom, BSc, BCA, BE, BTech, BCS with no experience to multiple years of experience in various industries such as IT, Finance, Banking, Insurance, Manufacturing etc.

Intended Participants

Aspiring  CFA candidates

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