CFA (Chartered Financial Analyst) is a globally recognized credential in the field of Financial Management and Investment Management, provided by the CFA Institute. It includes various subjects like economics, accounting, corporate finance, equity investments and alike.
CFA qualified individuals are highly respected in their field and have in-depth knowledge related to financial and investment analysis, banking, wealth management, etc.
|Top CFA Institutes in India||CFA Jobs & Career|
The minimum CFA eligibility to apply for this exam is a graduation degree in any field and a minimum of 4 years of work experience.
In order to get CFA certification, students are required to complete the three levels of examinations, i.e., Level I, Level II, and Level III. It can be completed within 1.5 years to 4 years, which totally depends upon the candidate’s caliber.
Key Highlights of CFA
CFA Exam can be qualified by doing self-study as the study material is provided itself by the CFA Institute officially to each registered candidate, either online or they can get the hardcopy as well with a minimal fee.
But since the exam is considered to be really tough and challenging, therefore there are a number of institutes and coaching centres in India that offer CFA preparation training and CFA Books and Study Material to help in the preparation process.
Below are mentioned some of the best CFA preparation institutes in India that are highly considered for the program training. Have a look:
|Name of the Institute||City||Average Fees|
|Central India Institute of Management Studies (CIIMS)||Jabalpur||INR 32,500|
|International College of Financial Planning (ICOFP)||New Delhi||INR 40,000|
|Narayana Business School||Ahmedabad||INR 1,25,000|
|International College of Financial Planning (ICOFP)||Kolkata||INR 40,000|
|Shri Chimanbhai Patel Institute of Professional Training (CPIPT)||Ahmedabad||INR 66,000|
Other than this, there are many other reputed and renowned coaching institutes for CFA exam in Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, etc. by the name of Fintree, FinGuru, SSEI, IMS Proschool among others.
There are many online learning portals as well which you can refer for CFA training such as Solaedea, Schweser, The Princeton Review CFA, AnalystPrep, Kaplan Schweser etc.
After becoming Chartered Financial Analyst or CFA Chartered, there are huge opportunities for employment in the financial sector in India and Abroad, and you can earn as high as INR 20 LPA after few years of experience.
Other Similar Course: Certified Financial Planner (CFP)
The registration for this exam can be done online only at the official CFA Institute website. Check below for more details.
Registration for CFA Level 1 Exam:
|Registration||CFA Exam Fee||June 2020 Deadline||December 2020 Deadline|
|Early Registration||USD 700||October 2, 2019||March 25, 2020|
|Standard Registration||USD 1000||February 20, 2020||August 19, 2020|
|Late Registration||USD 1450||March 11, 2020||September 9, 2020|
Registration for CFA Level 2 Exam:
Registration for CFA Level 3 Exam:
Note: All the CFP exams are conducted in the month of June. For only level 1, it is additionally conducted in the month of December, apart from June.
Candidates should have the following eligibility in order register for the CFA program:
CFA Institute issues admit card to the candidates who are appearing for the CFA exam. The admit card can only be downloaded online, and no hard copy is sent to the candidates.
It is compulsory that you carry your CFA Admit card to the exam center along with a valid, unexpired passport for identification and verification purposes.
There are around 193 locations in 95 countries throughout the world that are included in the CFA test centers.
In India, you can select one of the following locations as your exam centre while registering for CFA course:
New Additions & Changes in the CFA Exam:
Check the table below for application and fee payment deadline for all levels of CFP Exams:
|Important Events||June 2020||December 2020|
|Registration Starts||August 8, 2019||Feb 5, 2020|
|Deadline for Early Registration||October 2, 2019||March 26, 20202|
|Deadline for Standard Registration||February 20, 2020||August 19, 2020|
|Late Fee Deadline||March 11, 2020||September 9, 2020|
There are three levels of CFA exam that one needs to qualify in order to get the designation of Chartered Financial Analyst or CFA Chartered.
Candidates are required to undertake the exam in both the morning session and the afternoon session.
There are 240 MCQ based questions that are divided between the morning session and afternoon session, each 3 hours long. The Exam topics are same in all the levels that includes Ethical and Professional Standards, Fixed Income Derivatives, etc.
In the exam, there will be more questions on the concepts and tools that are applied to investment management and valuation purposes.
Again, this is MCQ based exam that includes 120 questions divided between the morning session and evening session, each 3 hours long.
The focus is given on the assets valuation, and the candidates will have to apply the concepts and tools that they have learned in Level 1 in the CFA Level 2 exam.
The exam pattern for Level 3 is different than those of Level 1 & 2. The two major types of questions are Item Set and Constructed Response in the form of Essay, and the main focus is given to Portfolio Management and Wealth Planning.
The Morning session consists of Essay Questions that range from 8-12 questions in number with several subparts, with a maximum of 180 points. The point value will be provided in the exam book n the exam day.
The Afternoon session consists of 10 Item Set questions.
|Topics||Level 1||Level 2||Level 3|
|Ethical and Professional Standards||15||10-15||10-15|
|Financial Reporting and Analysis||15||10-15||0|
|Portfolio Management and Wealth Planning||6||10-15||35-40|
CFA is one the toughest exam in India. Many students aspire to become a CFA Chartered and for this, they prepare for this exam with full concentration and determination. There are 10 important exam topics that comprise the CFA Exam as mentioned in the sections above.
CFA Level 1 is easy as it involves only the overview of the subject but Level 2 & Level 3 of the exam is the challenging one as it contains the detailed questions on the subject.
Important Points to keep in mind while preparing for the CFA Exam (All the three levels):
|Full form||Chartered Financial Analyst|
|Duration||1.5- 4 years|
|Exam Frequency||Level 1: Twice in an year (June & December), Level 2 & 3: Only Once (June)|
|Conducting Body||CFA Institute|
|Exam Level||International Exam to become a CFA Chartered|
|Eligibility||Bachelor’s degree in relevant discipline or 4 years of work experience|
|Examination Mode||Computer Based|
There are a number of perks attached with the CFA program. After the successful completion of this course you will be getting no. of opportunities. Few of them are listed below:
CFA (Chartered Financial Analyst) and CA (Chartered Accountancy), both the courses are excellent courses and are unique in their worn way. Although CA is much more famous and easier than CFA exam. It depends on your interest and qualification that which course you would like to pursue.
Below are some of the key differences between CFA and CA:
|Abbreviations||CA is abbreviated as Chartered Financial Analyst||CA is abbreviated as Chartered Accountancy.|
|Job Profile||Chartered Financial Analyst or CFA Chartered||Chartered Accountant|
|Conducting Body||CFA Institute||ICAI|
|Details||CFA is a program that is aimed to provide standard training and education in the field of financial and investment analysis. The exam can be qualified after the three Levels, i.e. Level 1, Level 2 & level 3.||CA is a certified qualification in the field of commerce and accountancy that can be obtained after qualifying many rounds, i.e. CA Foundation, CA Intermediate & CA Final.|
|Average Time to qualify||1.5-4 years||4-5 years|
|Average Registration Fees||INR 1-2 Lakhs||Under 1 Lakh|
|Average Salary Package||INR 12,00,000- 20,00,000||INR 7,00,000- 20,00,000|
CFA Institute is a global association of world’s largest Financial and Investment professionals. It was found in 1947 by the parenting body University of Mannheim.
Headquartered in the state of Virginia in the United States, it is a nonprofit organization that aims to provide standard financial education worldwide. In India, it has an office in Mumbai.
For preparing for CFA, the materials provided by CFA Institute are considered to be standard and enough for the preparation.
But there are many institutes and colleges that provide coaching and training for the CFA exam, which are mentioned in the table below:
|Name of the Institute||City||Average Annual Fees|
|Shri Chimanbhai Patel Institute of Professional Training||Ahmedabad||INR 65,336|
|International College of Financial Planning||Chennai||INR 7,19,000|
|Central India Institute of Management Studies||Chattisgarh||INR 35,000|
|FTMS Global Academy India Pvt. Ltd.||Tamil Nadu||INR 30,000|
|Narayana Institute||Gujarat||INR 1,00,000|
Level 1, Level 2 & Level 3 CFA exam revolves around the same 10 topics that is mandatory in the CFA syllabus. It is very important for candidates to go through the detailed syllabus of CFA to score well in the examination.
Although the CFA course syllabus involves almost the same subjects in each level of exam, but the difficulty level of the exam raises with the levels of the exam.
The syllabus of CFA program is provided below:
|Quantitative Analysis||Deals with the Descriptive Statistics, Probability Theory and Investment decision making aspects.|
|Financial Reporting Analysis||This offers a thorough explanation of the financial reports alongwith their standards and procedures.|
|Ethics||It introduces you to the ethical behaviour and nee of professionalism in the investment market.|
|Equity Investment||Guides you on the security markets, indexes and equity investment areas of the economy.|
|Fixed Income Analysis||Helps in Learning about the fixed income securities, factors risking it, measures to maintain it and it’s measurement techniques|
|Economics||This deals with the supply and demand analysis of the individuals and firms.|
|Derivatives||This helps in understanding the basics of derivatives and their market.|
|Portfolio Management and Wealth Planning||This helps with the proper understanding of fundamentals of portfolio management and wealth planning.|
|Corporate Finance||It helps in briefing you with the corporate governance aspects.|
|Alternative Investment||This involves discussion on hedge funds, private equity, real estate, infrastucture and others.|
Similar Course: CFP (Certified Financial Planner)
After getting CFA certification, you can go for jobs in various departments that offer a handsome salary package of around INR 8-20 LPA
You can go for a large number of job positions in government as well as in private sectors after completing your CFA course. Some of the prominent CFA jobs available are listed below:
|Job Position||Description of the Job||Average Annual Salary|
|Chartered Financial Analyst||They are responsible for analysing financial portfolios and creating recommendations on the basis of the same. They set the financial goals and identify the key steps to achieve them.||INR 9.35 LPA|
|Business Consultant||Their role is to deal with the business problems and suggest the possible solutions. Analysing the company’s financial statements and then helping them in meeting future goals.||INR 9.86 LPA|
|Market Research Analyst||Research Analyst job is to analyse the given data and provide the employer with a meaningful interpretation.||INR 6.50 LPA|
|Investment Manager||They manage and suggest plans to their clients which helps clients to make money and fulfill their financial goals.||INR 7 LPA|
|Portfolio Manager||They usually manage the investment and financial status of the private clients.||INR 8 LPA|
|Private Bankers||Private bankers maintain the relationship with the bank’s clients and monitor their needs. They provide the credit, loans and other solutions to the client.||INR 8.58 LPA|
|Risk Manager||They basically analyze the risk in the market, prepare a specialised plan for it and then execute the plan to reduce the level of risk facing.||INR 10 LPA|
|Chief Executive Officer||He/she is the one who is solely responsible for all the vast decisions related to the business. They plan to overreach the goals.||INR 41 LPA|
The graph given below shows the various CFA job profiles and their respective salary packages:
To know more CFA Career Prospects:Click Here
Becoming a Chartered Financial Analyst or CFA Chartered is a big step in anyone’s career. You can easily land wth high paying jobs in the field of finanacila analusisn and investment analysis.
After CFA, the career scope is validated across various sectors of banking, mutual funds, investment, insurance, financial analysts, etc. The scope of earning ig better than the ones who does not own the certification.
There is a hike in the demand for CFAs in India because of industrialization and globalization. Almost all the top companeis, prefer designated CFAs than other professionals as they are highly trained and competent in this field.
The best thing about CFA course is that you can have a suceesful career not onky India, but in other counties like the USA, Europe, Australia, etc. since the CFA program is globally recognized, which increases the probabloty of getting a higher paying job in the field of finance and banking.
Ques: What does a CFA do?
Ans: A CFA help in the financial and investment analysis of the organization or the company. A CFA helps in analysing the financial statements, preparing and maintaining audits and other financial jobs.
Ques: Is CFA harder than CA?
Ans: CFA and CA both the exams are highly reputed and both are tough in their own terms. But if we compare both of these exams then, CA is more tough than CFA.
Ques: Does CFA result expires?
Ans: No, CFA result doesn’t have an expiry date.
Ques: Do CFA exam has negative marking?
Ans: No, CFA exam do not have the negative marking scheme.
Ques: Who is eligible for CFA program?
Ans: The one who is either having a bacheor’s degree in relevant discipline or possess a minimum of 4 years working experience can pursue this CFA course.
Ques: Is there any age limit for CFA exam?
Ans: No, there is no age limit for taking the CFA exam.
Ques. Is CFA June Exam affected due to COVID-19 crisis?
Ans. Yes, CFA Institute has decided to delay the June CFA exam due to global COVID-19 crisis. The registered candidates will be notified about the exam details on 4th May 2020.