CFA Course in India: A much preferable option for those who want to establish themselves in the world of financial management and investment is taking up a CFA course. A flourishing career is guaranteed to post its successful completion.
Who is a CFA?
Chartered Financial Analyst is what they are being called. Acquiring this designation makes one a highly respected professional in the field of finances, helps to get a well-secured job with an impressive salary.
CFA Course in India
A post-graduate programme, is the gateway to becoming a CFA. Commerce graduates or graduates with any other Bachelors’ degree along with interests or passion for financial subjects are advised to enrol in this programme. In order to become a certified CFA, students need to appear for and pass the 3 examinations conducted during the duration of the course.
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CFA Course in India: Eligibility
- For becoming eligible for a CFA program, you need to be a graduate.
- Candidates during the last year of their undergraduate program can also register for this course but must be a graduate before the registration dates of the level 2 exam.
- Also, candidates applying for this need to have a minimum of 48 months of professional working experience or a combination of job experience or education.
- And lastly, a valid international passport is a required document for registration in the CFA exam.
CFA Admission
The candidates don’t have to appear for any entrance test as admission in this programme is done fully on the basis of merit. You need to apply for the programme in the portal of the institute you want to pursue the course. And if you fulfil all the eligibility criteria then you will be given admission.
List of CFA Institutes in India
Some of the colleges which provide CFA course in India are:
- Narayana Business School, Ahmedabad
- International College of financial planning (Lucknow, Delhi, Chennai)
- Central Institute of Management Studies, Jabalpur
- Sri Chimanbhai Patel Institute of Professional Training, Ahmedabad
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CFA Course Syllabus
It consists of financial subjects and hence mainly students from a commerce background prefer taking up this programme. Some of the subjects covered include
- macroeconomics
- financial statements
- quantitative concepts
- derivatives
- performance evaluation
- investment management
- equity securities
- risk management etc.
List of Chartered Financial Analyst Exams
To pursue CFA Course in India credentials, exams are conducted at three levels and each of them runs for a duration of six hours.
- CFA Exam: 180 MCQs are asked and the examination is divided into 2 sessions with a duration of 2 hours and 15 minutes. The basic aspect covered is investment analysis, in total 10 topics:
- Ethical and professional standards
- Quantitative methods
- Economics
- Financial reporting and analysis
- Corporate finance
- Equity investments
- Fixed income
- Derivatives
- Alternative investments
- Portfolio management and Wealth Planning
Each of these sections cover a weightage varying between 6-15.
- CFA Exam: The second level examination is mainly based on the application and use of investment concepts. It is also divided into 2 sessions (3 hours each) and the same topics are covered, each section with a weightage between 5-15.
- CFA Exam: The last exam is the most difficult one with a focus on how the candidates are able to synthesize the concepts and analytical methods. And the main weightage in this test goes to portfolio management and wealth planning. In total 7 topics are covered. It is also divided into two sessions and both MCQs and essay-type questions are asked.
CFA Job Prospects
Being a certified CFA increases your scope in the field of finances and investment and you can definitely land yourself in a job with a heavy salary package of about CFA Course in India. The various job profiles which will be applicable for you include:
- Chartered financial analyst
- Business consultant
- Market research analyst
- Investment manager
- Portfolio manager
- Private bankers
- Risk manager
- Chief executive officer
CFA Course in India: Frequently Asked Questions (FAQs)
- Why should I opt for CFA?
Firstly, because it opens the options to work in multiple sectors like accounting, taxation, financial advising, auditing etc. Also, if you aspire to build a good career in the financial sector then you must opt for this course
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- What is a CFA course duration?
It is usually designed for a period of 1.5-4 years.
- What is the fee for CFA exams?
The registration fee ranges between INR 1-2 lacs.
- What is the salary of a CFA?
It depends largely on your job profile. Your earnings can be INR 8 lacs to as high as 40 lacs per annum
- Is CFA tougher than CA? – CFA vs CA
No see has much more fame and is considered as an easier exam than CFA. However, CFA certification is globally recognized.
- Is there any scholarship for CFA students?
During, each of the exams, candidates have to go through a registration process, and there the options of scholarships are available. If you are eligible for them, you need to submit a scholarship application. If the criteria are fulfilled, you will be able to access a scholarship.
Hope, all the information given in the write up about CFA has been useful for you. Thank you and have a safe time.