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Chartered Financial Analyst (CFA)

CFA is globally accepted and highly recognized and hailed as the premier professional designation in the field of finance and investments. It is global golden standard and mark of excellence in finance and investments.

For complete information about the CFA programs that HOCK provides in Russia, please contact Mariam Mikaelian. She will send to you the full information about the program and the timing of the next available courses.

Elements of the HOCK CFA Programs

The HOCK CFA Preparatory Program has been designed to be a complete and comprehensive program without need to reference other materials. We provide our students with all of the materials that they need to pass the exams. The program has been specially designed to meet the highest client expectations and to prepare candidates to pass their exams on the first attempt.

Lectures – CFA preparatory program consists of three levels. There are 4 hours-long 16 classroom lectures for each level. Lectures cover all the aspects of each CFA level's curriculum, concentrating and highlighting the concepts crucial for your success on the tests.
Schweser Study Notes – Schweser is one of the leading providers of CFA review materials in the world since 1991. Thousands of current charter holders around the globe relied on Schweser.
Software – SchweserPro Question Bank, containing thousands of questions in all test categories. The software program provides CFA like questions and answer explanations.
HOCK Study Notes – power point slides, used in class to guide the lectures, as well additional study notes, used to explain the most difficult topics.
Question and Answer Sessions – in order to assure successful progress in the study of the curriculum, weekly Q and A sessions are administered.
E-mail or telephone support - you will be able to get all questions answered promptly by an instructor.
Quizzes and Practice Exercises – As part of the learning process, HOCK provides quizzes throughout the program to enable candidates to monitor their progress towards passing and to identify any weak areas early in the study process.
Practice Exam – two full size practice tests, compiled by Schweser, are included in the course.

The Teachers

David R. Lewis, CFA has 10 years work experience as a European equities analyst where he worked for investment banks and asset management companies in both London (UK) and Europe. He is a CFA Charterholder (2006) and is a graduate of the University of St. Andrews (UK) and The Queen's College, University of Oxford (UK).

Brian Hock, the founder of Hock Training and the lead instructor in the CPA and CMA programs is involved in the development and running of the course as well as teaching on the program.

Registration and Administrative Support

One area of a foreign certification process that causes a great deal of anxiety for candidates is the registration process. HOCK provides all of the necessary registration forms to the candidates as well as detailed instructions on how to complete the forms and what additional documents need to be provided. This support is provided for both the evaluation of any foreign education (if needed) and the actual registration for the exam.

Course Fees

The cost of CFA Preparatory Program is 90,000 Roubles plus VAT, which will be added in accordance with the current legislation. This amount covers all of the elements of the Program mentioned in the section above.

Attention!
You may benefit from payment of the standard CFA course price (90 000 rub, plus VAT) in three successive steps.

CFA Eligibility Requirements

To enroll for the Level I Exam, the only requirement is a US Bachelor’s degree (or its equivalent) in any academic discipline. If your degree was received outside the US, the CFA Institute defines your degree as equivalent if it allows you to continue to gradate level academic studies. For candidates with a Russian University education, if your diploma allows you to enter into Magistratura - this should qualify as degree equivalent to US Bachelor’s.

CFA Exam Topics

The CFA Exams are the required examinations in order for an individual to become a Chartered Financial Analyst (CFA). The program consists of three tests Level I, II, and III. The CFA Exams cover a wide range of topics, including:

Ethical and Professional Standards
Quantitative Methods
Economics
Financial Reporting and Analysis
Corporate Finance
Investment Tools
Equity Investments
Fixed Income
Derivatives
Alternative Investments
Asset Classes
Portfolio Management and Wealth Planning

A more detailed outline of the course content can be found at http://www.cfainstitute.org/cfaprog/courseofstudy/topic.html.

CFA Exam Format and Passing Scores

Level I tests are administered twice per year, in early June and in early December. Tests for level II and III are administered once per year in early June only. CFA tests are pencil and paper tests – they are not computerized. Each test consists of two three-hour session (for the total of six hours), with one hour break in between the two sessions.

Level I test consists of two multiple choice question sets of 120 questions each for the total of 240 questions over six hours of testing. This is approximately one minute and a half per question.

Level II CFA test consists of 100% item set questions. Item set questions represent short case situation followed by number of multiple choice questions, related to this case.

Level III CFA test consists of 50% item set question and 50% short essay questions.