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 upshot of this is that the CFA exams are becoming a student-thing. And as a result, the age of candidates taking the CFA exams is falling â especially CFA Level I. In 2009, the average CFA Level I candidate was aged 27.4. Theyâre now a whole year younger.