What are the difficulties of CFA exam?
1, language requirements
Cfa exam takes the form of all-English exam, and cfa exam also involves some English expressions of financial professional vocabulary, but not every cfa candidate's mother tongue is English. For cfa candidates whose mother tongue is not English, it is difficult to understand cfa exam questions and how to answer them in English.
2. Mathematical requirements
Cfa exam involves calculation problems, needs calculation, and involves mathematics-related knowledge. For cfa candidates, math requirements may also be one of the reasons for the low pass rate.
3. Insufficient preparation for the exam
Cfa Institute found that cfa candidates need to spend more than 300 hours preparing for the exam before they pass the cfa exam, and some cfa candidates may not have enough time to prepare for the exam, which is one of the reasons for the low pass rate of cfa exam.
Introduction to CFA exam content
The chartered financial analyst exam includes the first, second and third level exams. Each level will involve ethics, investment tools, asset classes and portfolio management. The exam is in English and the answer is in English.
Cfa Level 1 exam mainly introduces the basic knowledge of finance and investment. The exam questions involve multiple-choice questions, each in the morning and afternoon 120, including the knowledge of asset appraisal and securities management skills.
Cfa Level 2 exam mainly examines the practical analysis ability of candidates, including1* *120 topics, including economics, accounting and numerical analysis. Mainly in the form of cases.
Cfa Level 3 exam is a comprehensive combination of knowledge and application. Different from Grade One and Grade Two in Senior High School, the examination questions have an application part, which mainly examines the candidates' ability of portfolio management and asset allocation.