Frequently Asked Questions

Frequently Asked Questions

• Registration for the CFA only requires an HBO-level degree. Investment Management is a postgraduate programme, meaning that a university-level degree programme in (business) economics must have been completed in order for a candidate to be admitted, preferably including courses in accounting and finance.
• The content of the CFA programme centres largely on acquiring basic knowledge. Investment Management focuses more on the application of knowledge that has already been acquired and the acquisition of skills.
• The total, three-year CFA programme consists of three examinations that are held internationally once a year (twice for CFA I). You can only start CFA II once you have passed CFA I. The CFA Institute, which is based in the USA, is responsible for the curriculum and the examinations; VU Amsterdam therefore plays no role in this. Investment Management is subdivided into 9 modules, each module is subject to an examination, and an assignment must also be completed and submitted for each module (except for 1).
• No. You must also have at least three years of relevant professional experience in the investment decision-making process. You can find more information on the website of the CFA Institute. • In order to register as a CFA, you must also become a member of the CFA Institute and of a CFA Institute Member Society / Chapter.
• Passing CFA I, combined with sufficient professional experience, entitles candidates to be added to the II-B register (senior investment advisor), III-A register (asset manager) and IV-A register (investment analyst).
• Those who have passed all examination components of the programme are entitled to be added to the III-B register (senior asset manager) and IV-B register (senior investment analyst) of the Dutch Securities Institute (DSI), provided they meet the relevant requirements relating to professional experience.
• The curriculum and the examination of the CFA programme are the responsibility of the CFA Institute.
• The teaching programme, lectures, supervision and the crash course fall under the responsibility of VU Amsterdam (Faculty of Economics and Business Administration).
• VU Amsterdam sees its role as maximizing candidates’ chances of completing the CFA programme successfully.
You should assume that you will need to spend an average of ten hours a week on the programme. This includes the weekly three-hour lecture.
The CFA Institute’s recommendation in this regard is: 300 hours in total for each of the three levels.