CFA Program Curriculum

Curriculum Errata (as of 10 November)

The curriculum for each of the three levels is organized into 18 study sessions. Each study session contains

  • Assigned readings
  • Learning outcome statements (LOS)
  • Problem sets (to demonstrate practical application of your knowledge)

Exam questions are based explicitly on the content in the corresponding curriculum.

View current curriculum study session outlines, including Learning Outcome Statements (LOS), for each level.

Your Curriculum eBook

The CFA Program curriculum eBook is included in your registration fee. Your exam registration confirmation email will include the eBook code and instructions for accessing your eBook on the VitalSource website (VitalSource is our eBook provider).

Using your curriculum eBook you can

  • Access all your digital notes and highlighting across devices. You can also synchronize your changes between the web version of your eBook and your downloaded version.
  • Copy/paste curriculum text and export your notes to a text file.
  • Search either a single volume of the curriculum or the entire curriculum for your exam level.

Accessing the eBook

Follow the instructions in your registration confirmation email to activate your eBook. As part of the process, you'll be prompted to create a VitalSource account. When you are logged into your VitalSource account as a registered candidate, you can access your curriculum eBook:

  • On the VitalSource website (online.vitalsource.com), using a supported browser.
  • Through the CFA Program mobile study app offered by CFA Institute.
  • By using the VitalSource eBook app.

Note: The VitalSource eBook app does not sync with the eBook available through the CFA Program mobile study app (e.g., notes, highlights, etc. don’t carry over from the VitalSource app to the CFA Program study app).

Get more information about the VitalSource eBook app including a current list of supported devices.

Downloading your eBook

In addition to studying your eBook online, you can also use the VitalSource Bookshelf software to download the eBook on up to two computers and up to two mobile devices. Learn more and get the Bookshelf software from VitalSource.

Printing your eBook

The print feature was designed to print sections of the eBook, not the entire curriculum. However, curriculum eBooks can be printed via your laptop or desktop, up to a chapter at a time, from the VitalSource Bookshelf app online or from the VitalSource Bookshelf desktop app. Watch the video tutorials below (provided by VitalSource) for specific instructions.

Note: The "page" numbers as they appear in the eBook are actually section numbers and do not equate to page numbers for the purpose of printing.

For immediate answers to common technical support issues, please contact VitalSource. Candidates may also contact CFA Institute for customer service support.

Access the eBook After Your Exam

Your eBook provides digital access to the current year curriculum for the June and December exams. For example, if you have access to the Level I eBook for the June 2015 exam and you do not pass the June 2015 exam, you can use the same Level I eBook for the December 2015 exam.

Access to the web-based version of the eBook will remain active for five calendar years. For example, candidates who purchased the 2015 eBook as part of their registration will have access to it until December 2020.

eBooks are made available with a perpetual license so they remain available to you for future reference, but perpetual ongoing access refers only to the downloaded VitalSource eBooks and do not apply to the online access.