What changes have been made to the Level I CFA syllabus?
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3 Answers
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In the latest update regarding the evolution of the CFA Program, significant structural changes have been implemented in the CFA Level 1 curriculum for 2024. The traditional Readings have undergone a complete transformation into interactive Learning Modules, enhancing the overall accessibility and comprehensibility of the curriculum. The CFA Level 1 exam now comprises 93 Learning Modules, marking a notable increase from the 73 readings included in the 2023 curriculum. Portfolio Management, Derivatives, and Ethics have undergone minimal alterations, maintaining a largely unchanged format. Several subjects have been subjected to further
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In 2024, the CFA Level 1 curriculum has shifted to a Learning Module (LM) structure from Readings. These Learning Modules are designed as bite-sized lessons that can be completed in a single study session, aligning better with the study patterns of CFA candidates.
For the 2024 CFA Level 2 exam, the curriculum remains largely unchanged from 2023. It comprises 47 modules, a reduction from the 49 readings in 2023. The changes include the removal of three readings (two from Alternative Investments and one from Portfolio Management) and the addition of one new reading to Alternative Investments.
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The following changes have been made to the Level I CFA curriculum:
- A new chapter titled – “Introduction to Geopolitics” has been introduced under the Economics section
- Corporate Ownership and Structures and Business Models are the two new readings that have been added under Corporate Issuers section.
- Majour changes to the Capital Structure readings have been made.
- Minor changes to the Introduction to Corporate Governance & Other ESG Considerations reading has also been made.
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Strategic Value Investing: Practical Techniques of Leading Value Investors | Stephen M. Horan, Robert R. Johnson and Thomas R. Robinson |
When Genius Failed: The Rise and Fall of Long-Term Capital Management | Roger Lowenstein |
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The Handbook of Fixed Income Securities | Frank J. Fabozzi |
CFA programme is a rigorous one. Students should have a good preparation plan to clear CFA Level 2 exam. Students should devote at least 300 hours on an average for each level of the CFA exam
- Open CFA website
- Login to CFA account
- Select CFA program
- Proceed past initial scheduling tools
- Search by preferred city.
- Select a date range. Students should choose a wide date range
Following test locations for CFA exam were opened from November 2025 session:
- Addis Ababa, Ethiopia
- Rabat, Morocco
- Maputo, Mozambique
- Mbabane, Swaziland
- Gurgaon/Gurugram, Haryana, India
- Nashik, Maharashtra, India
- Manipal, Karnataka, India
The CFA exam is conducted at 400 locations globally. Candidates can follow the steps mentioned below to know how to choose the CFA test centre location according to their preference:
- Register for the CFA exam
- Schedule the exam appointment
- View the test centre options along with available seating
- Choose your preferred test centre location as per the planned CBT test centre locations
- Once the location is confirmed, keep checking daily for new appointments that could be added.
Candidates should note the appointments must be scheduled by the deadline (typically 60 days before the start of the exam window). If the candidate does not see available
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