The CFA Exam, or Chartered Financial Analyst Exam, is a professional credentialing exam for finance and investment professionals. It is administered by the CFA Institute and consists of three levels, each testing knowledge in areas such as investment analysis, portfolio management, and ethical standards. Candidates must pass all three levels to earn the CFA designation. To qualify for the CFA Exam, candidates typically need a bachelor's degree or equivalent work experience. The exam is known for its rigor and requires extensive preparation, often involving hundreds of hours of study. Passing the exam can enhance career opportunities in finance and investment management.