The New York Society of Security Analysts (NYSSA) and Kaplan Schweser have formed an educational alliance, combining the strengths of two great CFA® review providers in New York. This alliance will give candidates flexibility in their individual study programs and access to the latest technology in CFA exam preparation.

Learn more about Level I, Level II, or Level III CFA® Education and NYSSA membership benefits.

Exam Info

Mock Exam Registration

Level I

Level II

Level III

Candidates must complete the three levels of CFA® examinations sequentially. Candidates who fail an examination must repeat that level until they pass. The Level I and II examinations are composed of multiple choice questions. Level III consist of essays and multiple choice questions. Level I is offered in June and December. Levels II & III are offered only in June. It can take as little as 2 years to get through the program, but on average it takes about four years.

Curriculum Content and Learning Focus

  • Level I tests your knowledge of the ethical and professional standards.

  • Level II tests how you apply those standards to situations analysts face.

  • Level III tests how you apply the standards in a portfolio management and compliance context

In general:

Level I exams consist of basic knowledge and comprehension questions focused on investment tools; some questions will require analysis.
Level II exams emphasize more complex analysis, along with a focus on valuing assets.
Level III exams require synthesis of all the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning.

Visit the CFA Institute website for more information on the CFA Program.

For more information please contact the Education Department at NYSSA: (212) 541-4530 or email

CFA Institute does not endorse, promote, review, or warrant the accuracy or quality of the products or services offered by NYSSA. CFA Institute, CFA®, and Chartered Financial Analyst® are trademarks owned by CFA Institute.

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