Table of Contents
CFA syllabus 2024 mostly concentrates on the concepts of Finance and Investment. The topics included in the CFA syllabus PDF for all three levels (Level I, II and III) are almost the same and are available on the official website. However, the weightage of the questions and degree of difficulty vary and get advanced with each level.
The CFA exam curriculum assesses the candidates on a varied range of concepts, such as Financial, Accounting-related or Mathematical, which aid in the development of portfolio management and investment analysis skills. The CFA course syllabus also focuses on adopting contemporary financial practices to prepare students for the dynamic economic climate. Candidates must cover the CFA all levels syllabus to pass the CFA levels and get certified.
Also Read: CFA Vs CA
Read More: CFA Vs MBA
CFA Syllabus 2024: Important Facts
The important facts related to the CFA syllabus 2024 are listed below.
- The CFA course is intended to certify professionals in the field of financial analysis. it is not a set semester course. Organizations all across the world recognize the course and trust charter holders with their financial planning expertise. If candidates pass all three levels of the CFA test on their first try, they can become charter holders in about 1.5 years.
- The core objective of the CFA curriculum is to provide fundamental and important knowledge of investment analysis and portfolio management. The general public will need the ability to financial planning as the economy expands. In the upcoming years, wealth management companies are anticipated to see tremendous growth with the aid of CFA professionals.
- Three levels of the CFA course are available through the CFA Institute. To advance to the second level of the CFA course, candidates must pass the first level. The level 3 exam is also open to CFA level 2 qualifiers.
- To enrol in a CFA course, candidates must have a bachelor's degree in an area that is relevant. Candidates who are in their final year of study have the option of taking the Level 1 exam, but they won't be permitted to take the Level 2 exam until they have earned their degree. Alternatively, the applicant qualifies for a CFA course if they have 4000+ hours of relevant job experience.
CFA Core Subjects 2024
A CFA, or Chartered Financial Analyst, is a person who has successfully completed all three levels of the CFA test. Students are taught in up to 10 core CFA subjects, following the course syllabus. There are no elective subjects offered in the CFA program. Candidates must study all of the below-mentioned core subjects, regardless of their course level.
Following are the core subjects of the CFA exam syllabus 2024.
- Economics
- Derivatives
- Ethical and Professional Standards
- Fixed Income
- Corporate Issuers
- Alternative Investments
- Quantitative Methods
- Portfolio Management and Wealth Planning
- Financial Statement Analysis
- Equity Investments
CFA Level 1 Syllabus
Students can download the CFA level 1 syllabus pdf from the official website. They can also refer to the table below for the topics covered in the CFA L1 syllabus.
| Topics | Weightage (in percentage) | Sub Topics |
| Ethical and Professional Standards | 15-20 | Global investment performance standards, Standard of Professional Conduct |
| Economics | 6-9 | Firm and Market Scheme, Demand and Supply Analysis, Aggregate Output, Prices, Economic Growth |
| Financial Reporting and Analysis | 11-14 | Income statement, Drafting Balance Sheet, Financial Reporting Mechanics and Standards |
| Quantitative Methods | 6-9 | Discounted Cash Flow Applications, Time, Value and Money, Statistical Concepts and Market Returns |
| Corporate Issuers | 6-9 | Cost of Capital, Capital Budgeting, Corporate Ownership Structures, Business Models |
| Alternative Investments | 7-10 | Mutual Funds and Real Estate |
| Derivatives | 5-8 | Derivative Markets and Instruments |
| Equity Investments | 11-14 | Market Efficiency, Security Market Indices, Market Organization and Structure |
| Fixed Income | 11-14 | Fixed Income Markets, Fixed Income Securities, Introduction to Fixed Income Valuation |
| Portfolio Management | 8-12 | Basics of Portfolio Planning and Construction |
CFA Level 2 Syllabus
Candidates must not skip any topics listed below in the syllabus for CFA Level 2.
| Topics | Weightage (in percentage) |
| Financial Reporting and Analysis | 15 |
| Economics | 10 |
| Quantitative Methods | 15 |
| Ethical and Professional Standards | 15 |
| Corporate Finance | 10 |
| Portfolio Management | 10 |
| Fixed Income | 15 |
| Equity Investments | 15 |
| Derivatives | 5 |
| Alternative Investments | 5 |
CFA Level 3 Syllabus
The CFA Level 3 syllabus is outlined below. Students must cover all the topics listed in the table below.
| SL No. | CFA Level 3 |
| 1 | Behavioral Finance |
| 2 | Capital Market Expectations |
| 3 | Asset Allocation & Related Decisions in Portfolio Management |
| 4 | Derivatives & Currency Management |
| 5 | Fixed-Income Portfolio Management |
| 6 | Equity Portfolio Management |
| 7 | Alternative Investments for PM |
| 8 | Private Wealth Management |
| 9 | PM- Institutional Trading, Performance Evaluation, and Manager Selection |
| 10 | Cases in Portfolio Management and Risk Management |
| 11 | Ethics and Related Topics |
CFA Best Books
When applying to a difficult course like the CFA course, students should always make sure they spend money on the best CFA books. They can learn more about the tests and the course by rfering to reference books and preparation books. The following is a list of beneficial CFA books
| Books | Authors |
| Fundamentals of Accounting | D.G Sharma |
| CPT Grewal’s Accountancy | M.P Gupta & B.M Aggarwal |
| General Economics | S.K.Agarwal |
| Quantitative Aptitude | Dr T.Padma and K.C.P Rao |
CFA Study Material & Books
The books for each course level are provided by the CFA Institute. The applicants get access to a number of study resources and tools as soon as they sign up for the CFA program. CFA books aid applicants in getting ready for the test.
Candidates have immediate access to the following CFA registration.
- Official program syllabus
- Personalized study schedules created particularly for you
- Each level's study sessions
- Curriculum-wide practice questions
- Tips and study resources
- Mock exam, replicating the atmosphere of the test day
FAQs on CFA Syllabus
Q: Where to find the official CFA syllabus?
A: The official CFA syllabus is available on the official website at www.cfainstitute.org.
Q: What are the important topics in CFA exam syllabus?
A: Some of the core topics of the CFA syllabus include Economics, Derivatives, Ethical and Professional Standards, Fixed Income, Corporate Issuers, Alternative Investments, Quantitative Methods, Portfolio Management and Wealth Planning, Financial Statement Analysis, and Equity Investments.
Q: What are the important topics for CFA Level III syllabus?
A: The important topics of the CFA Level III syllabus include Portfolio Management and Wealth Planning, Fixed Income, Equity Investments, etc.
Q: What are some of the best books for CFA exam preparation?
A: Some of the best books include Fundamentals of Accounting by D.G Sharma, CPT Grewal’s Accountancy by M.P Gupta & B.M Aggarwal, General Economics by S.K.Agarwal, and Quantitative Aptitude by Dr T.Padma and K.C.P Rao
