- Completing approximately 1,400 practice questions
- Passing 100-question exam
Topics covered by the program include:
- Ethics and Investment Professionalism
- Regulation
- Microeconomics
- Macroeconomics
- Economics of International Trade
- Financial Statements
- Quantitative Concepts
- Debt Securities
- Equity Securities
- Derivatives
- Alternative Investments
- Structure of Investment Industry
- Investment Vehicles
- Functioning of Financial Markets
- Investors and Their Needs
- Investment Management
- Risk Management
- Performance Evaluation
- Investment Industry Documentation
The program is free and available on the CFA website and probably takes 40-80 hours to complete depending on the student's prior exposure to the material or lack thereof.
Truth be told, the program is not level appropriate for a 9th year corporate attorney with an MBA, but I completed it in order to cooperate with my employer, who will support my effort to pass the CFA Level I exam next year.
I'm under the impression that this program was created for back office financial services staff, but think it would be equally useful (and I would recommend it) for a law student headed into an investment management or fund formation practice without prior industry experience.
