Hello,

CFA Program is a self-study course that tests your knowledge in different areas over three levels of exams. Level 1 examhas a pass rate of 35-40 percent, Level 2- 45-50 percent. The CFA is a very competitive exam.

Levels of the exam-

Level I is about learning investment applications.
Level II is about applying them.
Level III focuses on using different applications for defining investment strategy and performing portfolio management.

Level I exams are conducted twice a year (in June and December) and Level II and Level III are conducted annually, only in June.

Refer the link below for detailed information-

 https://finance.careers360.com/news/3701-cfa-program

Hope this helps.

Good Luck!

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