Nearly 40 years later, the CFA charter has grown far beyond what any members of its inaugural class could have predicted. Since 1963, AIMR, which was formed by the combination of the ICFA and the Financial Analysts Federation in 1990, has administered nearly 400,000 CFA examinations and more than 35,000 investment professionals have earned the right to use the charter.
CFA has three levels of examinations. The material covered in the CFA education scheme is designed to reflect a “Body of Knowledge” that keeps pace with the ever-changing dynamics of the global investment
industry. The body of knowledge includes the following general topic areas and are allowed to the three levels as follows: