The International Research Association offers the Licensed International Financial Analyst (LIFA) exam to anyone in the world with an internet connection – no enrollment fee is required. And, you pay only if you pass.
With the lowest pass rates in the industry, along with a three-attempt exam limit, the LIFA Exam Program does not have an oversupply issue.
|LIFA Exam||CFA Exam|
|Enrollment Fee||US$ 0||US$ 450|
|Registration Fee||US$ 475/exam
(pay only if you pass)
(no refund if you fail)
|Pass Rates||Level I: 28%
Level II: 33%
Level III: 39%
|Level I: 43%
Level II: 46%
Level III: 54%
|Exam Dates||365 Days a Year||1-2 Days a Year|
|Attempt Limits||3-Attempt Limit||Unlimited Attempts|
|Waiting Period||60-day waiting period||180 to 365-day waiting period|
|Refund Policy||Not Applicable||No Refunds|
|Exam Grading||No Charterholder Grading||Charterholder Grading|
|Prior Disclosure||Full Prior Disclosure||No Prior Disclosure|
|Charter Dues||US$ 275||US$ 275|
Do you have questions about the LIFA Exam Program and how we're disrupting the establishment in the industry?
Is there even more we can do? Or, is there something we're doing that you don't agree with? Let us know!