KONUL JAVADOVA, CFA
LEAD RISK ANALYST
THE STATE OIL FUND OF AZERBAIJAN
WHAT IS CFA?
• The Chartered Financial Analyst (CFA) Program is a globally
recognized, graduate level curriculum that provides a strong
foundation of real-world investment analysis and portfolio
management skills along with the practical knowledge you need in
today’s investment industry. It also emphasizes the highest ethical
and professional standards.
ADVANTAGES OF BEING A CFA
• Membership in a prestigious global community of investment professionals
• Life-long learning process
• Ethical grounding and deep analytical skills
• Great credential to your CV
• Reputational benefit
REQUIREMENTS TO BECOME A CFA
The CFA Institute requires three steps to become a CFA charter holder. They include:
Pass all three levels of the CFA exam in succession
Acquire 48 months of "acceptable professional work experience“
Join the CFA Institute, which includes completing a professional conduct statement and affiliate with a
local chapter. (To view the complete list of steps, visit the CFA Institute’s website.)
WHO CAN APPLY?
To meet the entrance requirements:
Have a bachelor's (or equivalent) degree
or be in the final year of your bachelor's degree program at the time of registration
or have four years of professional work experience (does not have to be investment related)
or have a combination of professional work and college experience that totals at least four years. Part-time
positions do not qualify, and the four-year total must be accrued prior to enrollment.
Make sure you understand the Professional Conduct Statement and Candidate Responsibility Statement.
Be prepared to take the exams in English.
Have a valid international travel passport (required for exam registration and admission to the test
HOW SHOULD I STUDY (WHERE TO START) ?
Study each book thoroughly
Do lots of practice questions
Use your approved calculator
WHICH BOOKS, COURSES SHOULD I
The candidate body of knowledge (CBOK) tests candidates on ethics, quantitative analysis, financial
statement analysis, economics, portfolio analysis, corporate finance and the analysis of stocks, bonds and
• CFA Program Curriculum - a lot of materials divided into 18 study sessions. 6 books.
• Schweser – 6 books, 5 of them are Study materials, the last one – is a test book.
WHAT SHOULD BE MY STUDY PLAN?
• Start reading the study books 6 months before the exam day. At the same time prepare the brief notes.
• Finish your material 3 months before the exam day. And start to review your notes. If you read CFA
Program Curriculum, you may review all the materials using Schweser books.
• 1 month before exam date do tests intensively. You should be prepared for a 3 hour exam.
• 1 week before the exam day look through your self-made notes again.