The revamp came after candidates said the curriculum took too long, was difficult and didn’t align directly with jobs they were seeking.
The CFA Institute unveiled sweeping changes to its three-level financial analyst exam to emphasise practical skills and reduce the amount of time candidates study, in the biggest reworking since the test was introduced in 1963.
“Talking to employers and candidates, even as they look at the program and acknowledge CFA tries to be practical, we got the sense there was a final step we were missing, which was: How do you actually use this in the workplace?” Wiese said. With the new format, candidates completing the first and second levels will receive a badge that shows they are on the path toward becoming a charterholder, rather than waiting until the final level.
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