How many levels of the CFA Program must be passed to be eligible to receive the CFA charter?

To receive the CFA charter, an individual must successfully pass all three levels of the CFA Program. This structured progression through the program is designed to ensure that candidates acquire a comprehensive understanding of investment management and financial analysis, covering a range of complex topics including ethical and professional standards, quantitative methods, economics, financial reporting, and portfolio management.

Completing all three levels not only signifies a mastery of the requisite knowledge and skills but also aligns with the CFA Institute's commitment to maintaining high standards for ethics and professionalism in the finance industry. Each level builds on the previous one, making it essential for candidates to fully engage with and understand the materials and competencies outlined throughout the curriculum before receiving the prestigious charter.