A:

The CFA Institute requires individuals to satisfy a number of steps to become CFA charterholders.

The most widely known requirement is that all three levels of the CFA program examinations must be successfully completed. Note that you can take as much time as you need between examinations.

In addition, you must:

  1. Abide by the CFA Institute's Professional Conduct Program. This is done by completing an annual Professional Conduct Statement (PCS) and submitting it to the CFA Institute every year. Click here for more information about the Professional Conduct Program.
  2. Maintain membership in the CFA Institute and a local CFA Institute Society. This means that you must pay all annual dues. Click here for further information on CFA Institute membership.
  3. Have at least three (if you have registered for an exam before 2005 and have completed your last examination before 2007) or four (if you complete your last examination after 2007 or register in 2005) years of professional work experience within a qualifying position. Click here for further information about qualifying work experience.

Click here to access a CFA Institute webpage dedicated to the process of obtaining your CFA charter.

RELATED FAQS
  1. How do I become a Chartered Financial Analyst (CFA)?

  2. If I already hold a professional certification am I eligible for any exemptions from ...

    No. To obtain a CFA designation, you must complete all levels of the CFA program regardless of whether you hold a professional ... Read Answer >>
  3. Do I have to complete all exams within a certain period of time to receive the CFA ...

    According to the CFA Institute, a candidate can take as much time as necessary to complete all three levels of the CFA program.Therefore, ... Read Answer >>
  4. A company I recently looked up showed institutional holdings of more than 100%. How ...

    It is obviously not technically possible for any shareholder or category of shareholder to hold more than 100% of a company's ... Read Answer >>
  5. When must the required three years of qualifying work experience be completed in ...

    According to the CFA Institute, the three years of qualifying work experience in a financial field can be completed before ... Read Answer >>
  6. What's the difference between institutional and non-institutional investors?

    There are a number of differences between institutional investors and non-institutional investors. If you are considering ... Read Answer >>
Related Articles
  1. Managing Wealth

    An Introduction To The CFA Designation

    The CFA designation is seen as the key certification for investment professionals. Find out what the CFA signifies for candidates and investors.
  2. Professionals

    So, You Want to Earn Your CFA?

    Here are some pros and cons to consider before you take the CFA charter plunge.
  3. Financial Advisor

    Study Does Not End After The CFA

    Getting your CFA is an admirable achievement, but it doesn't end there. Find out what is expected of CFAs after they become charterholders.
  4. Investing

    Institutional Investors And Fundamentals: What's The Link?

    Big-money sponsorship might make a company look good, but it's not always a reliable gauge of stock quality.
  5. Managing Wealth

    Putting Your CFA Level I on Your Resume

    Learn techniques for emphasizing your CFA Level I status in the Skills and Certifications or Professional Development section of your resume.
  6. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  7. Investing

    Introduction To Institutional Investing

    Investopedia explains: Learn about institutional investing and all of the major players in this field.
  8. ETFs & Mutual Funds

    The Pros And Cons Of Institutional Ownership

    These big players can both create and destroy value for shareholders.
  9. Personal Finance

    Should You Get A CFA, MBA Or Both?

    These certifications require time and money, but combined programs are making obtaining both designations more realistic.
  10. Markets

    Institutional Investors

    Learn more about the advantages that financial institutions enjoy when buying and selling securities.
RELATED TERMS
  1. CFA Institute

    Formerly known as the Association for Investment Management and ...
  2. Assuming Institution

    A healthy financial institution that purchases the assets of ...
  3. General Examination

    A regulatory measure set up to give a detailed examination of ...
  4. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly ...
  5. CAMELS Rating System

    An international bank-rating system where bank supervisory authorities ...
  6. Institute Of Petroleum - IP

    The Institute of Petroleum (IP), based in the United Kingdom, ...
Hot Definitions
  1. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  2. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  3. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  4. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  5. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  6. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
Trading Center