Examination certificate: CFA examination content is divided into three different levels, namely level 1, level 2 and level 3. Examinations are held all over the world, and each candidate must complete three different levels of examinations in turn. CFA qualification examination is conducted in English. Candidates should not only have financial knowledge, but also have good English reading ability. Successfully passing CFA course is an achievement, which can win the high respect of employers, investors and the whole investment community.
With the increasing number of CFA exam references, since 2003, the Investment Management and Research Association has increased the first-level exam from once a year to twice a year. In addition to being held at the global 160 test center in June, it will be held again in 23 regions where candidates are relatively concentrated, such as Singapore and Hong Kong. Therefore, from 2003, the first-level candidates will have two opportunities to take the exam. Examination rooms have been set up in mainland China. In June, the test sites were in Beijing, Shanghai, Guangzhou, Hong Kong, Nanjing, Chengdu, Tianjin, Shenzhen and Wuhan, and in June and February, they were in Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong.
The examination covers a wide range of financial knowledge, while examining the latest financial market-related knowledge and the latest research results in the financial field. The difficulty of the exam increases with the improvement of the grade. Although it is not a registration exam, it is extremely difficult to pass Level 2 and Level 3. The pass rate at all levels is about 35% (conditional probability), that is, candidates can only register at the next level if they pass the previous level. It takes at least 20,000-30,000 RMB to complete all the exams.