Sınavın Yapısı
Seviye I Sınavı
Öğleden Önce Oturumu : 90 soru (2,5-3 saat)
Öğleden Sonra Oturumu : 90 soru (2,5-3 saat)
Sorular çoktan seçmeli olup 3 şıklıdır ve yanlış cevaplar doğru soruları götürmemektedir.
Level I Sınav Konuları
Quantitative Methods
Rates and Returns
The Time Value of Money in Finance
Statistical Measures of Asset Returns
Portfolio Mathematics
Hypothesis Testing
Parametric and Non-Parametric Tests of Independence
Simple Linear Regression
Economics
Monetary Policy
Introduction to Geopolitics
Corporate Issuers
Working Capital and Liquidity
Capital Structure
Financial Statement Analysis
Analyzing Income Statements
Analyzing Statements of Cash Flows I
Analyzing Statements of Cash Flows II
Analysis of Inventories
Analysis of Income Tax
Financial Analysis Techniques
Introduction to Financial Statement Modeling
Equity Investments
Company Analysis: Past and Present
Fixed Income
Yield and Yield Spread Measures for Fixed-Rate Bonds
Yield and Yield Spread Measures for
Floating-Rate Instruments
The Term Structure of Interest Rates: Spot, Par, and Forward Curves
Interest Rate Risk and Return
Yield-Based Bond Duration Measures and Properties
Yield-Based Bond Convexity and Portfolio Properties
Curve-Based and Empirical Fixed-Income Risk Measures
Credit Risk
Mortgage-Backed Security (MBS) Instrument and Market Features
Derivatives
Derivative Benefits, Risks, and Issuer and Investor Uses
Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives
Pricing and Valuation of Forward Contracts
Option Replication Using Put–Call Parity
Pricing and Valuation of Futures Contracts
Valuing a Derivative Using a One-Period Binomial Model
Alternative Investments
Alternative Investment Features, Methods, Structures
Alternative Investment Performance and Returns
Portfolio Management
Portfolio Risk and Return: Part I
Portfolio Risk and Return: Part II
Ethical and Professional Standards
Guidance for Standards I-VII
Seviye II Sınavı
Öğleden Önce : 10-15 mini-case 60 Soru (Her 1 mini-case hakkında 6 Soru sorulmaktadır.)
Öğleden Sonra : 10-15 mini-case 60 Soru (Her 1 mini-case hakkında 6 Soru sorulmaktadır.)
Sorular 3 şıklı olup her soru 3 puandır ve yanlış cevaplar doğru soruları götürmemektedir.
Level II Sınav Konuları
Quantitative Methods
Evaluating Regression Model Fit and Interpreting Model Results
Model Misspecification
Extensions of Multiple Regression
Time-Series Analysis
Machine Learning
Economics
Currency Exchange Rates: Understanding Equilibrium Value
Financial Statement Analysis
Intercorporate Investments
Employee Compensation: Post-Employment and Share-Based
Corporate Issuers
Cost of Capital: Advanced Topics
Corporate Restructuring
Equity Valuation
Discounted Dividend Valuation
Free Cash Flow Valuation
Market-Based Valuation: Price and Enterprise Value Multiples
Residual Income Valuation
Fixed Income
The Term Structure and Interest Rate Dynamics
Valuation and Analysis of Bonds with Embedded Options
Credit Default Swaps
Derivatives
The Term Structure and Interest Rate Dynamics
Portfolio Management
Economics and Investment Markets
Ethical and Professional Standards
Application of the Code and Standards: Level II
Seviye III Sınavı
Öğleden Önce : Kompozisyon yazma (8-12 sorudan oluşmaktadır)
Öğleden Sonra : 8-12 mini-case 60 Soru (Her 1 mini-case hakkında 6 Soru sorulmaktadır.)
Level III Sınav Konuları
Asset Allocation
Capital Market Expectations, Part 1: Framework and Macro Considerations
Capital Market Expectations, Part 2: Forecasting Asset Class Returns
Portfolio Construction
Overview of Fixed-Income Portfolio Management
Overview of Private Wealth Management
Performance Measurement
Portfolio Performance Evaluation
Investment Manager Selection
Derivatives and Risk Management
Swaps, Forwards, and Future Strategies
Currency Management: An Introduction
Portfolio Management Pathway, Vol. 1
Active Equity Investing: Portfolio Construction
Liability-Driven and Index-Based Strategies
Portfolio Management Pathway, Vol. 2
Yield Curve Strategies
Fixed-Income Active Management: Credit Strategies
Trade Strategy and Execution
Private Markets Pathway, Vol. 1
General Partner and Investor Prespectives and the Investment Process
Private Wealth Pathway, Vol. 2
Preserving the Wealth