Some of these changes are as follows: 1  The Church was no longer independent from the state. 2  They reached the end of feudalism. 3  The people of France gained rights and liberties, along with legal equality. 4  Women gained some power; mainly a voice for political and social rights.
The CFA Program includes a series of three exams; Levels I, II, and III. Are offered annually â at test centers around the world â on the first Saturday in June. The Level I exam is also offered in December.
The Time Requirements. According to the CFA Institute, 300 hours of study are required for each level of the exam â 900 hours altogether. To put that number in perspective: 1  A full-time job is 2,000 hours per year (50 weeks * 40 hours per week).nd those last 3 items would help you break into investment banking far more than passing the CFA. Remember that time is the scarcest resource of all â you can never generate more time no matter how much money you have.