London

School of Business
& Finance

QUALIFICATION PROGRAMME

CFA
®

shaping success in business and finance

What is the
CFA Qualification?
®

Securing your future success

within the financial industry
CFA® Institute operates in over 130 countries.
with nearly 100,000 members and nearly
200,000 students (as of April 2009).The exams
are known to be tough; candidates have to
demonstrate they have mastered a wide body
of knowledge over three separate exams.

This means CFA® Charterholders achieve an Why LSBF?

instant, worldwide advantage when looking
for jobs in financial markets. Experience the Difference with LSBF

Lecturers – Our lecturers are dedicated to Facilities – we do have a relatively spacious

helping you pass your exam. We have years of
experience of our topics and know how to
communicate complex technical material in a
variety of ways to suit different style of learn-
ing. Passing the CFA exam requires candi-
dates to show they understand a broad range
of topics; through a range of techniques we
will help you gain that understanding.
Classes – we will try to keep our classes
consistent; you should be taught in the same
group by the same tutor over the course of
your studies. We hope this will create an
environment where everyone is comfortable
and able to learn optimally.
Review classes – using our Moodle
technology classes are recorded and class
notes posted online the following day. This
allows you to follow up on anything you
missed quickly and effectively.
and well-stocked library, with wireless internet
access, open for use 7 days a week.
Study material – we will use a combination of
the CFA Program Curriculum and Schweser
Notes to ensure your studies have covered
all Learning Outcome Statements and that
you have mastered the Candidate Body
of Knowledge
Mock Exam – we will provide you with a full six
hour mock exam to ensure you are prepared
for exam day.
CFA Institute does not endorse, promote, or
warrant the accuracy or quality of the products
or services offered by the London School of
Business and Finance. CFA Institute, CFA®,
and Chartered Financial Analyst® are
trademarks owned by CFA Institute.

®
the CFA Qualification is the
benchmark for top financial
institutions

02 www.lsbf.org.uk
Obtain your CFA Qualification
Advance your career
To obtain the full qualification you will need to
pass three sequential exams over three
separate sittings as well as satisfy the CFA
Institute’s professional work experience
requirement. More and more jobs in Financial
Markets require applicants be CFA
Charter holders to have passed a specific
level in the exam. You do not need to have
passed all levels to enhance your c.v. Once
you pass a level you can add “I have passed
level (I, II or III as appropriate) of the CFA
exams” and employers will recognise the
achievement this represents.
®
CFA Full-time classes
Our full time course runs over 12 weeks from
early March (or late August for the December
exam) (for level 1 there is a 10 week option if
you have recently graduated with a finance
degree). With 15 hours of lectures per week
this course will combine teaching and
question practice; this combination should
enable you to become more confident over the
course of your studies as you can see you are
mastering the Candidate Body of Knowledge.
CFA Part-time classes
Our part-time classes are designed for
students who are already working. The
classes start in early March and run two
evenings a week over a twelve week period.
For Level 1 delegates, if you do not work in
Financial Markets or do not have a relevant
degree you should consider our fourteen week
programme starting in mid-February with a
4 evening foundation course covering your
quantitative techniques and financial
reporting fundamentals.
CFA Institute estimates that candidates will
require an average of 250 hours of study per
level. Whilst this is an average all candidates
will require to study outside of class time. We
will direct you clearly to the extra resources
available to you as well providing study
guidance on an individual basis.
Entry Requirements
In order to apply for the CFA® programme you
must meet one of the following entry
requirements:
+ Have a bachelor’s (or equivalent)
degree or be in the final year of your
bachelor’s degree program
or
+ 4 years of qualified professional
experience
or
+ A combination of academic and
professional experience which totals
at least 4 years
Enrolling for the first exam also registers you
as a candidate in the CFA® Programme.
You will have to pay a one-time registration fee
in addition to exam enrolment fee.
www.cfainstitute.org/cfaprog/register/fees.html
www.lsbf.org.uk 03
The CFA Syllabus
®

The exams are multiple choice for levels I and

II. Level III is half multiple choice and half
essay. The examination process is very fair;
when you register for the exam you are sent
the CFA Program Curriculum and these text
books cover the examinable syllabus. Each
chapter reading starts with learning outcome
statements (LOS) instructing you on what you
must be able to do to pass the exam. These
readings change each year to ensure what
you learn stays up to date; it is essential that
you do not use out-of-date study material.

Topic Area Weights for the CFA Exam

TOPIC AREA LEVEL I LEVEL II LEVEL III

Ethical and Professional Standards (total) 15 10 10

Quantitative Methods 12 5-10 0

Economics 10 5-10 0

Financial Reporting and Analysis 20 15-25 0

Corporate Finance 8 5-15 0

Investment Tools (total) 50 30-60 0

Equity Investments 10 20-30 5-15

Fixed Income 12 5-15 10-20

Derivatives 5 5-15 5-15

Alternative Investments 3 5-15 5-15

Asset Classes (total) 30 35-75 35-45

Portfolio Management and Wealth Planning (total) 5 5-15 45-55

Total 100 100 100

Note: These weights are intended to guide the

curriculum and exam development processes.
Actual exam weights may vary slightly from
year to year. Please note that some topics are
Your most
combined for testing purposes.

Source:
https://www.cfainstitute.org/cfaprog/courseof-
secure path to a career
in the financial markets
study/topicareaweights.html

04 www.lsbf.org.uk
Our Teaching Team includes:
Anke N. Richter
Lecturer of CFA®
at London School of Business & Finance
Ms Richter teaches on not only the CFA®
programme but across a spectrum of
Investment & Securities modules on the
Masters degree and Executive Programmes
at London School of Business & Finance.
Ms. Richter has extensive experience in
Capital Markets and Credit Analysis. She has
worked in senior positions (as Global Head
of Credit Research Department) in some
of world’s leading Investment Banks and
Consultancy firms including Calyon (London),
Deutsche Bank (London), JP Morgan
(London), IPS (Frankfurt/Lima) and others.
Graham McDonald, CA, CFA
Lecturer of CFA®
at London School of Business & Finance
Graham has a varied and extensive exposure
to different facets of the financial world from
capital markets to business valuation and
auditing. He graduated as a Chartered
Accountant in 1989 and immediately joined
Stakis as Head Office Accountant, where he
had a substantial exposure to financial
markets, including (then very innovative)
derivatives products such as interest rate
swaps and swaptions.
Since 2001 Graham has focussed on financial
markets training worldwide. Not only towards
the CFA® and IMC qualifications but also
designing and delivering bespoke training
programmes for a wide range of clients in the
Far East, Central Europe, Africa and North
America to institutions such as Aviva,
Barclays Capital, Brewin Dolphin, CIBC,
Evolution, Lehman Bros., Royal Bank of
Scotland and WestLB.
His years of experience in training and in the
investment industry bring an invaluable wealth
of knowledge to his classes.
www.lsbf.org.uk 05
CFA Exam Information
®

How to Register for

the Exam
Candidates wishing to take the CFA® exam
have to register with the CFA® Institute 2010 June Exam
separately. Please note the Exam Registration
is not included in the programme fee.
23 September 2009 First deadline for new CFA® Program enrollments and exam
registrations to be received by CFA® Institute
Registration can be completed online by
accessing the CFA® Institute link 17 February 2010 Second deadline for new CFA® Program enrollments and
exam registrations to be received by CFA® Institute
www.cfainstitute.org
17 March 2010 Final deadline for new CFA® Program enrollments and exam
We advise candidates wishing to take the registrations to be received by CFA® Institute
exam to register as soon as possible as
Late April 2010 Exam admission tickets available online
exam fees increase closer to each deadline.
5 June 2010 Exam date
Exam day
There are two sessions: 6 June 2010 Exam date in Eastern Asia and Oceania
Morning session: 9:00 a.m.–12:00 p.m
June-July 2010 Exams graded
Afternoon session: 2:00 p.m.–5:00 p.m.
Late July 2010 Exam results available online for Level I candidates
You must attend both sessions or your exam
Late August 2010 Exam results available online for Level II and III candidates
will not be graded and you will not receive
results. You must report to the test centre one
hour before each session. Instructions will be
read before the exam begins and are not Exam Dates: Success rate
repeated for candidates who arrive late. Level I: June and December – every year Success on the CFA® programme cannot be
Candidates will not be admitted into the Level II and III: June only every year guaranteed. The CFA® Institute recommends
testing room while the instructions are a total of 250 self-study hours.
being read.
However studies show that the more applied
and dedicated one is, the higher are the
chances of success.

06 www.lsbf.org.uk
Course Structure
CFA® Level I CFA® Level II
Full Time Full Time
Programme 1 Time: 9:15am to 5.45pm
2 weeks of Intro to CFA® and Financial Maths Days: Monday and Wednesday
10 weeks of CFA® curriculum and revision Hours of Study: 180
Duration: 12 weeks
Time: 9:15am to 5:45pm
Days: Tuesday and Thursday Start date: 1st March 2010
Hours of Study: 180 Cost: £2,900
Duration: 12 weeks
Fees include the Schweser
Start date: 2nd March 2010 ‘Essential Prep Package’
Cost: £2,900

Part Time
Programme 2 Time: 6.00pm to 9.00pm
10 weeks of CFA® curriculum and revision Days: Monday and Wednesday
Hours of Study: 84
Time: 9:15am to 5:45pm Duration: 12 weeks
Days: Tuesday and Thursday
Hours of Study: 150 Start date: 1st March 2010
Duration: 10 weeks Cost: £1,700

Start date: 16th March 2010 Fees include the Schweser

Cost: £2,490 ‘Essential Prep Package’

Part Time Introduction to CFA

Programme 1 and financial Maths
2 weeks of Intro to CFA® and Financial Maths This two week session is for people who have
12 weeks of CFA® curriculum and revision not previously worked in or studied finance.

Time: 6.00pm to 9.00pm We will cover

Days: Tuesday and Thursday
Hours of Study: 84 + the basics of financial maths
Duration: 14 weeks + an introduction to financial reporting
and analysis
Start date: 16th February 2010 + the characteristics of the relevant
Cost: £1,850 asset classes
+ the portfolio management process

Programme 2 If you are uncertain on whether or not you

12 weeks of CFA® curriculum and revision should attend this please contact us.

Time: 6.00pm to 9.00pm

Days: Tuesday and Thursday
Hours of Study: 72
Duration: 12 weeks

Start date: 2nd March 2010

Cost: £1,700

Fees include the Schweser ‘Essential Prep

Package’ and a Texas BAII calculator

www.lsbf.org.uk 07
 London School of Business & Finance
London Campus Birmingham Campus Manchester Campus
8-9 Holborn, 2nd Floor Podium, 3rd Floor,
London, EC1N 2LL, UK Centre City, 5-7 Hill Street, Churchgate House, 56 Oxford St,
Birmingham, B5 4UA, UK Manchester, M1 6EU, UK

Tel: +44 (0)20 7823 2303 Tel: +44 (0)121 616 3370 Tel: +44 (0)161 713 1777
Fax: +44 (0)20 7823 2302 Fax: +44 (0)845 337 3406 Fax: +44(0)161 261 4719

Email: info@lsbf.org.uk Email: info@fbt-global.com Email: manchester@lsbf.org.uk

www.lsbf.org.uk www.fbt-global.com www.lsbf.org.uk/manchester

www.lsbf.org.uk © 2010 London School of Business and Finance

Information given in this brochure is correct at the time

of publication and is subject to alteration

Accredited by the British Accreditation

Council for Independent Further
and Higher Education