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CFA - Chartered Financial Analyst - Course Overview

  • STREAM

    COMMERCE

  • DURATION

    1 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Graduation

Updated On - December 26th 2017

Chartered Financial Analyst Top Colleges, Syllabus, Scope and Salary

CFA or Chartered Financial Analyst is one of the most popular courses in aspects of chartered accountancy. This course is covered in three levels which are Level 1, Level 2 and Level 3 spanning for a duration of minimum 1.5 years. After the completion of all three levels, the student will be awarded the certificate of Chartered Financial Analyst. The candidate must have completed their Bachelor’s degree or should be pursuing their final year while seeking admission which is prerequisite criteria for admission.

Some of the top colleges who offer CFA Course are as follows:

Candidates are required to possess an international travel passport which is one of the prerequisite criteria set by certain colleges. The course also requires the aspirants to have earned at least 4 years of professional experience on the work front. The course of CFA is a globally recognized graduate-level program which renders the candidates the knowledge of investment world and skills to manage the real-time industry.

Aspirants are required to possess the skill sets of garnering new knowledge in order to use them in different aspects of their career as financial analysts. Equipping oneself with concepts of finances applicable in corporate, international, financial services and about investment management can deem to be beneficial for candidates in pursuing the study of CFA. In addition, having the knowledge of using a computer and a general understanding of the various tools involved will make the study an efficient experience.

The program fee ranges from INR 1.05 Lacs and above. Graduates have lucrative opportunities in fields of banking, as auditors, excise, and taxation department, opening scopes in domestic as well as international fields. CFA graduates earn a sound salary which falls in the range of INR 3 to 10 Lacs, which is subject to increase with the position and commitment to the work.

CFA: Course Highlights Table

Course levelPost-graduation
DurationMinimum 1.5 years
Examination TypeSemester
EligibilityBachelor’s degree + 4 years work experience.
Admission processMerit List, clearing all the 3 levels.
Course FeeUp to INR 1.05 Lacs
Average salaryApprox. Up to INR 3 to 10 Lacs per annum
Top Recruiting CompaniesBanking Sector, Auditing Departments, Excise & Taxation Departments, Company Auditing Departments, etc.
Job PositionsFinancial Analyst, Supply Chain Analyst, Finance Manager, Auditor, etc.

CFA: What is it About?

Chartered Financial Analyst (CFA) is a comprehensive field of study which specializes the students in imbibing skills and knowledge of investment and financial management. This particular course is a set of high standards and is a globally recognized program providing a strong foundation to the aspirants in the real-world of investment analysis coupled with the practical knowledge needed in the investment industry.

CFA course designates the candidates in the gold standard of the investment management field. Candidates after pursuing this program get an in-depth knowledge of the investment industry paving their way into making lucrative careers in the field of equity and funds. The program is particularly beneficial for those who are looking for a long-term career in the sectors of financial services, corporate and banking sectors or can even take up an independent practice.

CFA curriculum covers the skills needed in all stages of the career which includes academic theory which is covered in 3 levels, field practice through work experience, as well as providing a professional and ethical base to candidates. Candidates imbibe characteristics of advanced investment and learn ethics of portfolio management skills. The program of CFA aims to teach finalists to take decisions about making money in stocks, industries, companies for corporations and individual level.

The applicants are qualified in gathering data, analyzing the performance of stocks which is further forwarded to be analyzed by stockbrokers and clients. The graduates of this course have the opportunity to work as chartered financial analysts for various business corporations both in domestic and international grounds. This program which designates the finalists in the gold standard of investment management field renders mastery over the rigorous CFA curriculum earning the candidates CFA charter. The overall aim of the course is to imbibe in candidates the skills and competence to clear all the three levels and earn the post of CFA charter.

CFA: Top Colleges & Institutes

Name of InstitutionLocationAverage Course Fee (in INR)
Indian Institute of Business Management and Studies (IIBMS)MumbaiNA
Central India Institute of Management Studies (CIIMS Raipur)Chhattisgarh32,500
Mansukh Institute of Financial Markets (MIFM)New DelhiNA
FTMS Global Academy India Private LimitedChennai28,800
Narayana InstituteGujarat94,140
Chartered Finance Analyst Institute (CFA Institute)Mumbai28,800

CFA: Eligibility

The eligibility for the program of Chartered Financial Analyst (CFA) is as follows:

  1. Candidates are required to qualify the bachelor’s degree in any relevant field.
  2. Those who are pursuing their final year of Bachelor degree are also eligible for admission to CFA course.
  3. Applicants are required to have work experience of at least 4 years for availing for the course.

CFA: Admission Process

Candidates who wish to gain admission in the course are supposed to fulfill the criteria as set by the University of chartered accountancy. The applicants are supposed to clear their bachelor’s degree in any relevant discipline or should be currently aspiring their final year of bachelor's degree. Having a relevant work experience for a minimum of 4 years is also a prerequisite for availing admission to the program.

In addition to the above-listed criteria, some institutions also set the norm to possess an international travel passport. The admission is done on the basis of merit list. The applicants are supposed to clear the Level I, Level II and Level III of examinations to earn the certificate of CFA. Candidates are required to apply for the course online as well as pay fees online. Enrolment to the program can be done through Credit Card. The candidates will be notified through email or on the official website.

CFA: Syllabus and Course Description

The course syllabus is divided into three levels: Level I, Level II, Level III. The course consists of a detailed study of the subjects like economics, Portfolio Management, Corporate finance, the Professional and Ethical standard of business and so on. 

The syllabus followed by universities and colleges are as follows:

A] CFA – Working Level KnowledgeB] CFA – Expert Level Knowledge
Group A:
  1. Economics
  2. Financial Accounting
Group D:
  1. Fixed Income Securities: Analysis & Valuation
  2. Equity: Analysis& Valuation
Group B:
  1. Financial Management
  2. Quantitative Methods
Group E:
  1. Portfolio Management
  2. Derivatives: Analysis & Valuation
Group C:
  1. Financial Statement Analysis
  2. Financial Markets
Group F:
  1. Professional Ethics and Case Studies
  2. Mutual and other Funds

CFA: Career Prospects

Graduates after the successful completion of the program have many lucrative opportunities in private as well as government sectors in domestic as well as international grounds. The aspirants are trained to handle the workings of the finance industries, providing the skills to make their stand in the investment career through their commitment to excellence.

Chartered Financial Analysts have long-term career opportunities as professionals in finance to work in the industry of corporate, banking and financial services. They have opportunities in the field of business, insurance firms, auditing departments, Excise & Taxation departments as well as Educational Institutes. They can become auditors, finance analysts, Finance manager, Analysis manager and so on.

Some of the jobs options which can be chosen by the graduates after the completion of CFA course which are as follows:

Chartered Financial Analyst annual salary
Job ProfileJob DescriptionAverage Salary (in INR) per annum
Finance AnalystAnalyze data, collect and monitor financial models. Identify trends, suggest new measures and decide in forecasting.3 to 4 Lacs
Financial Planning & Analysis ManagerWork includes analyzing and preparing forecasts, creating new processes and systems to get an overview of the short-term analysis of cash flow.6 to 7 Lacs
Associate AnalystWork includes research and investigation to better the business, entrust new projects to subordinates and juniors, supervise the workings of junior employees.4 to 6 Lacs
Finance ManagerWork includes producing financial reports, indulge in direct investment activities, built strategies in order to meet the long-term goals set by the company.9.5 to 11 Lacs
Supply Chain AnalystWork includes preparing statistics, monitoring the requirements, and prepare reports after analysis.8 to 10 Lacs
AuditorsExamination of internal records, reports and operation practices for documentation. Verify and tally the assets and liabilities comparing them with the items documented.3.5 to 5 Lacs

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