CFA® Program

The Chartered Financial Analyst® Program is a postgraduate professional certification for individuals to build a career in investment banking, equity research, Capital Market, Portfolio Management, etc.
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What is CFA® Program?

The CFA® designation is deemed to be the gold standard designation in the field of finance and investments. This course tests the candidates on subjects like economics, accounting, ethics, management, money, and security analysis. This program holds global importance and is accepted as a high-level qualification in almost 165 countries. Started in 1947 by CFA Institute (earlier known as AIMR), this course trains students to become ethical, competent financial analysts.

The course is a global benchmark for anyone in the field of finance. The completion of the CFA® program serves as evidence of your mastery over different financial sectors. The skills and knowledge required to pass this course are essential for success in the financial field. The Chartered Financial Analyst® program is divided into three levels, each of them equally crucial.

Career Enhancer

Skills learnt from the CFA® Program help you get jobs such as portfolio manager, CFO, Fund manager, Wealth manager, etc.

Worldwide Recognition

CFA® Program is recognised in 165+ countries as a benchmark qualification in the industry.

Value for money

If you want to have a quality credential in finance which gets you a great return on your investment, CFA® Program should be your choice.

Why CFA® Program?

Learn Why CFA® Program is one of the best careers in Finance

  • Global Recognition

With more than 70 years of legacy, this is one of the most well-known and respected investment credentials recognised in more than 165 countries.

  • Exposure To Aa Variety of Roles in Finance

Today, be it Fintech, Foreign Exchange, Alternative Investments, or other offbeat profiles, CFA® charterholder are the most preferred options for employers.

  • Better job prospects at top investment firms

The program teaches financial modelling, portfolio management, and other investment-related areas. Top investment firms give preference to charterholders with this knowledge.

  • Equipped for analysis and decision-making

The course enables students to be adept in decision-making by incorporating reasoning and judgment skills as part of the syllabus.

  • Delivers practical, real-world skills

The curriculum is framed in such a manner that it helps you to tackle real-world scenarios effectively.

  • Enforces ethical standards

The ethics course accounts for 15% of the overall score on a CFA® Program exam. This reinforces strong principles among CFA® charterholders.

  • Networking opportunities for faster career growth:

CFA Societies®, are present worldwide and  offer access to resources that boost your career prospects They also increase networking opportunities and chances to land your dream job..

Who Should Pursue The CFA® Program?

Fresh graduates

Any fresher who is willing to make a career in the investment finance industry by learning world-class knowledge.

Investment Industry Professional

A candidate who is already working in the investment finance industry, but wants to improve skills and gain better recognition.

Academician

If you are teaching investment finance at a university, this designation will give you the platform for better research, credentials and acceptance.

Skilled Management Professional (MBAs)

An individual who understands management and wishes to build a career in financial management, portfolio management, wealth management and more is also the right audience for a CFA® Program.

Syllabus

The subjects are same throughout the program, just their weightage differs

Level I Level II Level III
Ethical And Professional Standards (15-20%) Ethical And Professional Standards (10-15%) Ethical And Professional Standards (10-15%)
Quantitative Methods (8-12%) Quantitative Methods (5-10%) Quantitative Methods (0%)
Economics (8-12%) Economics (5-10%) Economics (5-10%)
Financial Reporting And Analysis (13-17%) Financial Reporting And Analysis (10-15%) Financial Reporting And Analysis (0%)
Corporate Finance (8-12%) Corporate Finance (5-10%) Corporate Finance (0%)
Equity Investments (10-12%) Equity Investments (10-15%) Equity Investments (10-15%)
Fixed Income (10-12%) Fixed Income (10-15%) Fixed Income (15-20%)
Derivatives (5-8%) Derivatives (5-10%) Derivatives (5-10%)
Alternative Investments (5-8%) Alternative Investments (5-10%) Alternative Investments (5-10%)
Portfolio Management (5-8%) Portfolio Management (10-15%) Portfolio Management (35-40%)

Course Eligibility

To be eligible for The CFA® Program, you must hold a passport and meet one of the following enrolment requirements:

  1. Bachelor’s Degree:

Complete a bachelor’s or equivalent program and have received a degree from the college/university.

  1. Final Year students:

If you are a graduating student, you can apply for the course if the time between your final year exams and CFA® Program exams is 11 months or less. You must complete your degree program before the date of sitting your Level II exam.

  1. Professional Work Experience:

Have a combination of 4,000 hours of work experience and higher education acquired over a minimum of three sequential years, before registering for the Level I of the CFA® Program exam.

FAQ’s

For the Level I of the CFA® Program exam, the candidate will have to pay a one-time program enrollment fees of USD 450 apart from the Registration fees. The Registration fees for all the levels are the following:

Early Registration Fee – USD 700

Standard Registration Fee – USD 1000

The focus area of CA is Auditing, Accountancy, and Taxation.

The CFA® Program teaches Investment Banking, Equity Research, Investment Advisory Services, Portfolio Management, Wealth Management, etc.

CA is a statutory qualification in India

CFA® Program is an international qualification recognised by any Investment company worldwide.

You can start preparing for the CA right after the 12th standard

You can start the CFA® Program only after graduation.

CFA® passing rate is between 40% and 50%

The passing rate for CA is typically less than 10%.

The CFA® Program is investment-oriented. Pursuing the CFA® Program means learning about Investment Banking, Mutual Funds, Derivatives, Portfolio Management, Equity / Debt Research, Financial Services, Fund Management for large institutional investors, Banking Industry, etc. The emphasis is on the analysis and research side instead of accounting.

CIMA is a ‘management accounting qualification’ for those working outside public accounting (i.e. audit). It deals with accounting-related issues within finance departments and companies.

Both the qualifications are recognised across the world. The focus of the CFP curriculum is to create financial plans for an individual.

The focus of the CFA® program curriculum is to make financial plans,work on research and other domains in the investment finance industry.

CFA® charterholders work in financial areas that deal with institutional investments. CFP-certified professionals are involved in advising individual investors, typically with smaller investment portfolios.

Recognition: As an analyst with a CFA® designation, you would analyse individual companies and industries intensively.

Area: The CFA® charterholders lean toward financial research and analysis, whereas the CFP looks at investment planning for individuals.

Duration: CFA® Programs take at least 2 years to complete, while the CFP can be completed within a year.

Profile: After The CFA® Program, you can make a career in Investment Banking, Mutual Funds, Derivatives, Portfolio Management, Equity / Debt Research, Financial Services, Fund Management for large institutional investors, Banking Industry, etc,

After the CFP course, you can make a career in financial planning.

Eligibility: You can start pursuing the CFP after the 12th year

You can sit for level I of The CFA® Program only after graduation or during the final year of your graduation.

Expenditure: Total expenditure of the CFP along with tuition fee is INR 50,000 to INR 60000.

The CFA® Program expenditure is between INR 2 lakh to INR 2.2 lakh.

Commitment: Compared to CFP, The CFA® Program exam is tough and requires more time commitment.

Salary: After completing the CFP, the annual average salary is in the range of INR 2 lakh to INR 4 lakh.

On the other hand, after the CFA® Program, it is in the range of INR 4 lakh to INR 12 lakh.

Exams: To get the CFA® designation, you must take three exams in a separate year. The exams cover finance, accounting, economics, investments, and ethics.

In CFP, you have to write five exams: investment, retirement, tax, insurance, and advanced financial planning.

Work Experience: In both CFP & the CFA® Program, you must meet certain education and work experience requirements.

You need to have 4 years of relevant work experience for the CFA® charter.

You need 3 years of relevant work experience for the CFP certification.

Without an MBA degree from a reputed B School, it is tough for engineers to get into finance. Still, with the CFA® Program, it is possible because the course is focused on Investments.

If you are an engineer who wants to make a career shift to a financial field, then your top priority should be the CFA® Program.

Your engineering background gives you quantitative problem-solving skills. Along with a CFA® charter, your qualifications are a perfect match for the investment industry.

If your are good with numbers and have an interest in finance, then you should do the CFA® Program. Financial engineering and quantitative finance is a field where they like to hire engineers.

Should  you take Financial Modelling along with the CFA® Program?

The CFA® charter is a qualification, whereas Financial modelling is a skill used in the investment finance industry.

The CFA® charter is an indispensable qualification for professionals looking for a long-term career in investment analysis. The program will prepare you conceptually for subjects such as financial reporting analysis, fixed income, economics, etc.

In Financial modelling, you will learn how to use the concepts of financial statement analysis and economics in practice. You also do all the calculations in Excel.

Whereas in the CFA® Program, you will solve all the calculations on the financial calculator. It will teach you to perform company valuations and make you job-ready from day 1.

Many students do  Financial modelling first before pursuing the CFA® program because it will help them prepare the foundation for the course and it can help them get a job in equity research, financial KPOs, etc.

Our teachers will help you clear your basics and set strong fundamentals.

Our teachers are passionate about finance and teaching. They have years of experience and are trained in new teaching and learning methods.

Relevance Of The CFA® Program In India

  • Indian KPO’s- Research

As International financial firms are focusing on the reduction of the cost of labour, they are outsourcing the majority of the work in India due to cost advantage. All the international KPO ’s, investment banking and financial servicing firms are looking for the highest credential in investment finance industry like CFA® charter, which is a  great opportunity for the CFA® charterholders in India.

  • Indian Brokers

Stock brokers in India which slowly reaching bigger scale of operations and international operations prefer candidates with the CFA® designation

  • Wealth Management Firms:

Wealth Management Industry has been growing at a rate of 20% Y-O-Y. Since, a major proportion of HNIs are coming from India, the demand for CFA® charterholders has increased tremendously

This program is split-up into 3 levels

Level I –

  • Introduction to asset classes-Equity, Fixed Income, Alternatives etc
  • Detailed learning of tools like Financial reporting & analysis, Quants, Economics etc
  • High regard to Ethics

Level II –

  • Higher dive into valuation of assets- like Equity- Fixed Income- Derivatives
  • Detailed learning of Tools- Financial statement analysis

Level III –

  • Perspective change into Portfolio management of the assets
  • More than 50% weight to Portfolio Management and Wealth Planning