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Learn about what changed across all three levels of the CFA® Program curriculum for all candidates sitting for 2022 exams and explore these newly developed resources designed to help candidates transition into the next exam year. 


Watch the video to help candidates better understand how the minimum passing score is determined -  Watch here

Four-minute video featuring key takeaways that explain why  

  • our fixed bar (rather than forced curve) approach to grading upholds the consistency and rigor of the exam and charter across exam administrations; 
  • pandemic-related disruptions had an effect on some of our candidates' ability to prepare. We found that scores for candidates whose exams had been deferred at least once significantly impacted the overall pass rate; and 
  • thorough preparation is key to passing the exams. 

More exam prep tips and advice - Explaining Recent CFA Exam Results page.

Study Tips

Watch the first installment that explains how to use the adaptive study tool in the Learning Ecosystem and provide candidates with practical tips to prepare them for exam day. 

 About the Curriculum

CFA Curriculum Overview:

  • Self-study, distance learning
  • Rigorous curriculum
  • Broad range of topics
  • Highest ethical standards
  • 18 study sessions delivered in CFA Institute produced custom curriculum.
  • Learning outcome statements (LOS): "The candidate should be able to…"
  • Each LOS indicate type of learning expected: "discuss, calculate, contrast"
  • CFA Institute updates the curriculum each year
  • mastering LOS is a proven study approach.


What will you learn?
The curriculum is organized into 10 general topic areas that provide a framework for making investment decisions

  • Ethical and Professional Standards
  • Quantitative Methods
  • Economics
  • Financial Reporting and Analysis
  • Corporate Finance
  • Equity Investments
  • Fixed-Income Investments
  • Derivatives
  • Alternative Investments
  • Portfolio Management and Wealth Planning

Download the factsheet for a summarised version of information on the CFA Program click here​