Financial Services Academy

To register for the CFA^® program, you must have either a bachelor's degree or at least four years of professional work experience. As both the course and exams are highly technical, you should have sound numeric ability.

Applicants pay an initial registration fee on entering the CFA^® Program. In addition to the initial registration fee, applicants are required to pay an enrolment fee for each examination. New registrants pay both the registration and enrolment fees. Returning candidates pay only the enrolment fee.

Received by CFA^® Institute on or before

December 2011 Exam (Level I only)

Item	by 16 March	by 24 August	by 14 September
Program Enrollment (new Level I only)	$405	$405	$490
Exam Registration*	$630	$720	$970
Curriculum eBook version	save $40	save $40	save $40
Total	Past deadline	$1,085	$1,420

* Returning candidates pay only the exam registration fee. Level I

December 2011 Exam Schedule (Level I only)

Exam Calendar

Mid-January	December 2011 exam registration opens
16 March 2011	First deadline to enroll and register for the December 2011 exam
24 August 2011	Second deadline to enroll and register for the December 2011 exam
1 September 2011	Exam scholarship application deadline
14 September 2011	Final deadline to enroll and register for the December 2011 exam
20 September 2011	Final deadline for disability and religious alternate date accommodations requests to be received by CFA Institute
Early November 2011	Exam admission tickets available online
November 2011	Mock exams available
11 November 2011	Test center change request deadline (login required)
3–4 December 2011	Exam days
December 2011–January 2012	Exams graded
January 2012	Exam results available

Topic Area Weights for the CFA Exam

TOPIC AREA

Level I

Level II

Level III

Ethical and Professional Standards (total)	15%	10%	10%
Quantitative Methods	12 %	5-10 %	0 %
Economics	10 %	5-10 %	0 %
Financial Reporting and Analysis	20 %	15-25 %	0%
Corporate Finance	8 %	5-15%	0 %
Investment Tools (total)	50 %	30-60 %	0 %
Equity Investments	10 %	20-30 %	5-15 %
Fixed Income	12 %	5-15 %	10-20 %
Derivatives	5 %	5-15 %	5-15 %
Alternative Investments	3 %	5-15 %	5-15 %
Asset Classes (total)	30 %	35-75 %	35-45 %
Portfolio Management and Wealth Planning (total)	5 %	5-15 %	45-55 %
Total	100 %	100 %	100 %

Note: These weights are intended to guide the curriculum and exam development processes. Actual exam weights may vary slightly from year to year. Please note that some topics are combined for testing purposes.

CFA^® Institute does not endorse, promote, review, or warrant the accuracy of the products or services offered by Financial Services Academy or verify or endorse the pass rates claimed by Financial Services Academy CFA^® Institute, CFA^® and Chartered Financial Analyst^® are trademarks owned by CFA^® Institute.

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