Chartered Financial Analyst (CFA) is a highly prestigious job that promises a rewarding career, good remunerations, and the utilization and honing of demonstrated skills. Those who are keen to build a career as a Chartered Financial Analyst are required to pass the CFA exam. Held in three phases - Level I, II and III, the CFA exams are offered annually at test centers around the world. CFA Exam: Course Curriculum The course curriculum of each level of exam is similar but candidates are asked different types of questions. Level I of the exam tests basic knowledge of the ethical and professional standards and consists of comprehension questions focused on investment tools. Level II, however, tests how you apply those standards to real life situations and focus on valuing assets, and level III of the CFA exam combines all the concepts and analytical methods in different applications and tests how you apply this knowledge in a portfolio management and compliance context.