The FDP Charter examination is comprised of 80 multiple choice questions weighted as 75 percent of the total points and two (2) to four (4)constructed response questions (multi-part essay type questions) weighted as 25 percent of the total points. The FDP exam does not contain any Python or R programming questions.
The examination is based on the Study Guide, which is organized to facilitate quick learning and easy retention. Each topic is structured around learning objectives and keywords that define the content to be tested on the exam.
The university faculty and industry practitioners who created the FDP Charter program bring years of experience in the financial services industry. Consequently, the curriculum is consistent with recent advances in the applications of data science to the financial industry.
All exam questions directly address the nine curriculum topics:
1. Introduction to Data Science
2. Linear & Logistic Regression, Support Vector Machines, Regularization and Time Series
3. Decision Trees, Supervised Segmentation and Ensemble Methods
4. Classification, Clustering and Naïve Bayes
5. Neural Networks and Reinforcement Learning
6. Performance Evaluation, Back-testing and False Discoveries
7. Textual Analysis & Large Language Models
8. Ethics, Privacy and Regulation
9. Fintech Applications
Each topic has required readings.
Each required reading has associated Keywords and Learning Objectives.
The questions on the exam will pertain to the Keywords and Learning Objectives.
A Candidate who is able to meet all learning objectives and keywords in the Study Guide should be well prepared for the exam. Candidates should anticipate approximately 200+ hours of study in preparation for the FDP exam.
The Study Guide is organized to facilitate quick learning and easy retention. Each topic is structured around learning objectives that define the content to be tested on the exam. Candidates should be aware that the Study Guide is exam specific, is regularly revised, and pertains only to a particular exam cycle.
SCORING AND RESULTS There are no penalties for wrong answers. Passing scores are determined by the FDP Exam Committee. Exam results are pass/fail and are emailed approximately five weeks after the last exam date.