Study CFA® online and gain instant recognition in the finance industry
- On-going throughout the year
- Recommended study time is at least 3 months for each of the 3 levels
CFA® tuition packages start from £390 per level
The CFA® (Chartered Financial Analyst) is an internationally recognised qualification which sets the global standard for professionalism and excellence in today’s finance and investment sectors.
Studying towards CFA® is an extremely rigorous test of your knowledge and time management skills. To help you achieve success, London School of Business and Finance and InterActive offer an online CFA® course using dynamic study-tools, such as HD-quality live video lectures, to provide you with the full on-campus experience but with 100% online flexibility. These award-winning resources are backed up by personalised tutor support and the opportunity to network with a global body of over 15,000 fellow students and industry professionals.
Who is this programme for?
The CFA® online programme focuses on fundamental investment knowledge and practical skills which are applicable across a variety of careers. If you are already active in the investment industry and want to specialise, refocus your career path, or gain prestige with your employer, then the CFA® programme is perfect for you. It complements your existing experience with up-to-date knowledge and a broad range of skills to help advance your career prospects.
Leading employers the world over use the CFA® charter to seek out and differentiate the most qualified job applicants and future employees, as they understand this qualification is a marker of commitment to hard work, dedication, and a determination to excel in this most challenging of sectors. The CFA® designation opens doors into the heart of international business.
The CFA® qualification is recognised in the UK as equivalent to a master’s-level degree, and today more than 100,000 people worldwide are CFA® members. In August 2010, Financial Times Magazine declared:“Among the countless finance degrees around the world, the Chartered Financial Analyst qualification has become the gold standard.”
In order to receive CFA® qualification you must successfully complete three levels – Level I, Level II and Level III sequentially. You will take exams for each at CFA® test centres. Exams for Level I are held in June or December, while those for Levels II and III are held only in June.
You may register for only one exam at a time and must wait to receive the results of each one before registering for another. Please check that you meet all requirements before you enrol on the CFA® program and register for your first exam.
You must apply to study CFA® programme with InterActive 3-9 months before you are due to sit your exams (at the latest). To apply, simply choose a CFA® package of the required level from the Enrolment centre and then complete the purchase process.
You will receive an email containing your InterActive login details 24 hours after payment. You will then be able to study towards your paper according to the content of the package you have purchased. At the start of your CFA® preparation course you will be given access to all learning resources included in your package, such as live or recorded HD quality video lectures, lecture notes, mock exams, question bank, progress tests, and more. The recommended study time for each exam is at least 3 months.
The final stage of the process is to take your exams. If you pass you will continue to the next level. However, if you fail you are encouraged to re-take the exam. If you fail and are eligible for the Pass First Time Guarantee, you will be given access to study materials for the level you failed, and you will have the opportunity to resit it the exam once you have re-registered.
Sample of video tuition
A portfolio of HD quality video lectures, recorded by expert tutors, CFA charterholders, giving you access to over 50 hours of tuition per level.
Our video lectures cover all Learning Outcome Statements. They are referenced to the CFA® Program Curriculum by Study Session title and then Reading number. For level 1 we recommend you cover Financial Reporting and Analysis early in your studies as it is commonly considered the most conceptually challenging of the topics.
CFA® Level I
Introduction to the CFA® programme and the course of study
The time value of money
Discounted cash flow applications
Statistical concepts and market returns
Common probability distributions
Sampling and estimation
Financial statement analysis: an introduction
Financial reporting mechanics
Financial reporting standards
Understanding income statements
Understanding balance sheets
Understanding cash flow statements
Financial analysis techniques
Financial reporting quality, red flags and accounting warning signs
Accounting shenanigans on the cash flow statement
Financial statement analysis applications
Cost of capital
Measures of leverage
Dividends and share repurchases basics
Working capital management
Financial statement analysis
The corporate governance of listed companies
Demand and supply analysis: introduction
Demand and supply analysis: consumer demand
Demand and supply analysis: the firm
The firm and market structures
Aggregate output, prices, and economic growth
Understanding business cycles
Monetary and fiscal policy
International trade and capital flows
Currency exchange rates
Market organisation and structure
Security market indices
Overview of equity securities
Introduction to industry and company analysis
Equity valuation concepts and basic tools
Features of debt securities
Risks associated with investing in bonds
Overview of bond sectors and instruments
Understanding yield spreads
Introduction to the valuation of debt securities
Yield measures, spot rates and forward rates
Introduction to the measurement of interest rate risk
Fundamentals of Credit Analysis
Derivatives markets and Instruments
Forward markets and contracts
Futures markets and contracts
Option markets and contracts
Swap markets and contracts
Risk management applications of option strategies
Investing in commodities
Portfolio management an overview
Portfolio risk and return part I
Portfolio risk and return part II
Basics of portfolio planning and construction
Code of Ethics and Standards of Professional Conduct
Guidance for standards I - VII
Introduction to the Global Investment Performance Standards
Global Investment Performance Standards
CFA® Level II
Code of Ethics and Standards of Professional Conduct
Guidance for Standards I - VII
CFA® Institute Soft Dollar Standards
CFAI Research Objectivity Standards
Trade allocation: fair dealing and disclosure
Changing investment objectives
Prudence in perspective
Correlation and regression
Multiple regression and issues in regression analysis
Currency Exchange Rate Determination and Forecasting
Economic Growth and the Investment Decision
Economics of Regulation
Inventories: implications for financial statements and ratios
Long-lived assets: implications for financial statements and ratios
Employee Compensation: Post-Employment and Share-based
The lessons we learn
Evaluating financial reporting quality
Integration of financial statement analysis techniques
Dividends and Share Repurchase : Analysis
Mergers and Acquisitions
Valuation Applications and Processes
The five competitive forces that shape an industry
Discounted dividend valuation
Free cash flow valuation
Market-based valuation: price and enterprise value multiples
Residual income valuation
Private company valuations
Private Real Estate Investments
Publically Traded Real Estate Securities
Private Equity Valuation
Investing in Hedge funds: A Survey
Fundamentals of Credit Analysis
Term Structure and Volatility of Interest Rates
Valuing Bonds with Embedded Options
Mortgage-backed sector of the bond market
Asset-Backed Sector of the Bond Market
Valuing Mortgage-Backed and Asset-Backed Securities
Forward Markets and Contracts
Futures Markets and Contracts
Options Markets and contracts
Swap Markets and Contracts
Interest Rate Derivative Contracts
Using Credit Derivatives to Enhance Return and Manage Risk
The Theory of Active Portfolio Management
The Portfolio Management Process and the Investment Policy Statement
CFA® registration requirements
Before you enrol in the CFA® certificate program and register for your first exam, you should check if you meet the CFA® entrance requirements, namely:
- Have at least a bachelor's (or equivalent) degree or:
- Be in the final year of your bachelor's degree program at the time of registration
- Have four years of professional work experience (does not have to be investment related)
- 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 enrolment
If you initially enrol/register as a final year undergraduate student with a degree in progress, you may not register for the Level II exam until you have:
- Earned your degree or (should you fail to)
- Obtained professional work experience that meets the programmes entrance requirements
You must also read the ID policy and understand the professional conduct requirements. This is because you will be asked to sign the Professional Conduct Statement and Candidate Responsibility Statement.
You will also need a valid international travel passport (required for enrolment and exam registration) and must be prepared to take the exams in English.
InterActive entry requirements
We do not have any entry requirements beyond those required by CFA® Institute; please check that you are eligible to register for your CFA® exam before purchasing your study pack.
In partnership with London School of Business & Finance (LSBF), InterActive has developed a wide range of CFA® study options, each tailored to fit your individual needs.
Designed for students who have strong knowledge and experience working in the finance industry, this CFA® distance learning package contains HD quality tuition videos and Texas BA II calculator tutorial. You will also benefit from tutor support and our online community of over 5000 students and mentors.
These comprehensive CFA® training packages include HD quality tuition videos, covering full CFA® syllabus and calculator tutorial, and mock exams so you can test your knowledge. In addition, CFA®: Tuition with Live Revision package contains Global Live Online Revision sessions – real-time online video sessions streamed to your PC. Both tuition packages include tutor support and allow you to network online with students and mentors.
This add-on option allows you to take advantage of approximately 2000 unique, exam-standard questions and a full explanation of correct answers.
2 six hour mock exams give you the opportunity to practice questions in an exam environment and work through the answers to check that you are applying your knowledge correctly.
CFA®: The Essentials
(£273 per level)
(£315 per level)
CFA®: Question Bank
(£100 per level)
CFA®: Mock Exam
(£50 per level)
HD quality tuition video lectures with lecture notes
You can watch this portfolio of HD quality videos, covering the full CFA® syllabus, anywhere, any time. Recorded by the CFA® charter holders, the videos give you access to an average of 45 hours tuition per level – so watch, rewind, fast-forward, take a break – study at your own pace.
All videos are accompanied by lecture notes prepared by lecturers. These are an important tool in revising for exams and exploring key concepts.
2 six hour mock exams provide you with exam practice, helping you develop your confidence in preparation for the CFA® exams. This gives you the opportunity to practice questions in an exam environment and work through the answers to ensure that you are applying your knowledge correctly.
This consists of a three hour test with 80 questions, helping you to deepen your understanding of course topics. It’s also great practice, giving you the opportunity to answer similar questions to the ones you will find in the real exam.
Online community of students and mentors
You will benefit from interaction with fellow students and mentors from all over the world through InterActive’s discussion forums, where you can gain professional contacts and share your thoughts and ideas as you study.
Students who are resitting their CFA® examinations and are new to the InterActive platform are eligible for a 50% discount on all CFA® packages. In addition, you will receive access to material that will help you understand how the 2012 CFA® syllabus differs from 2011, further ensuring your exam success.
Calculator tutorial will show you how to use your CFA® calculator most effectively during your exam.
After watching the lectures and reading your study materials, you should attempt the end-of-reading question bank and review the suggested solutions. They ensure that your understanding of course material is correct.