Chartered Financial Analyst (CFA)

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 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.

CFA® Program Benefits
Global Recognition:

With a six-decade history of maintaining a rigorous focus on globally relevant investment knowledge, the CFA Program is the most widely known and respected investment credential in the world.

Career Advantage:
  • CFA Program is a self-study program that can be pursued along with the job.
  • CFA Program focuses specifically on the practical and fundamental investment knowledge you need for a wide variety of career choices.
  • Professionals already working in Finance and Investment industry can specialize, change focus, or gain greater respect through the CFA Program.
  • Students planning to enter the finance or investment industry profession, CFA program serve as a strong base in their forthcoming career.
Practical Skills:
  • Timeless knowledge and current skills you can use right away and throughout your career.
  • Curriculum is reviewed and updated each year by employers and practicing charter holders.
  • CFA Program is developed each year to include new tools, ideas, frontier concepts, and lessons to reflect the dynamic and complex nature of the global investment profession.
What does each LEVEL cover?
Level I – TOOLS
  • Tools and concepts that apply to investment valuation and portfolio management.
  • Basic concepts regarding asset classes, securities, and markets.
  • CFA Institute Code of Ethics and Standard of Professional Conduct.
Level II – ASSET VALUATION
  • Application of tools and concepts of investment valuation.
  • Industry and company analysis.
  • Analysis of investment vehicles and instruments.
  • CFA Institute Code of Ethics and Standards of Professional Conduct.
Level III – PORTFOLIO MANAGEMENT
  • Management of Institutional and individual portfolios.
  • Management of specific asset class portfolio.
  • CFA Institute Code of Ethics and Standards of Professional Conduct.
The CFA Program curriculum at Glance
The CFA® Programs Topic wise weightage
Topic Area Level I Level II Level III
Ethical And Professional Standards 15% 10-15% 10-15%
Quantitative Methods 10% 5-10% 0
Economics 10% 5-10% 5-10%
Financial Reporting And Analysis 15% 10-15% 0
Corporate Finance 10% 5-10% 0
Equity Investments 11% 10-15% 10-15%
Fixed Income 11% 10-15% 15- 20%
Derivatives 6% 5-10% 5-10%
Alternative Investments 6% 5-10% 5-10%
Portfolio Management 6% 5-15% 35 -40%
Total 100% 100% 100%

Exam details & historical pass rate

Exam Level I Level II Level III
Morning Session 120 Questions 60 Qs in 10 Case studies Essay type
Afternoon Session 120 Questions 60 Qs in 10 Case studies 60 Qs in 10 Case studies
Duration 3Hrs for each session 3Hrs for each session 3Hrs for each session
Question type MCQ MCQ’s based on caselet Essay + MCQ
Exam Month First week of June and December First week of June First week of June
Previous pass % 2018 43% 45% 56%
Eligibility

The eligibility to apply for The CFA Program, you must hold an international passport and one of the following:

  • Hold a U.S. bachelor’s (or equivalent) degree,
    –    or be in the final year of your bachelor’s degree program ( any degree program)
    –    or have four years of qualified, professional work experience
    –    or a combination of work and college experience that totals at least four years
  • A candidate who is already working in the investment finance industry but wants to gain better understanding and recognition.
  • You are teaching investment finance in your university and college. CFA designation will give you the platform for better research and better credentials and acceptance.
  • If you are or willing to understand more about portfolio management or want to equip yourself to manager your wealth then CFA Designation becomes the right choice.

Admission Process

Candidates who wish to gain admission to CFA 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.

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:

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.

A] CFA – Working Level Knowledge B] 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

Career Prospects

Graduates after the successful completion of CFA 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:

Job Profile Job Description Average Salary (in INR) per annum
Finance Analyst Analyze data, collect and monitor financial models. Identify trends, suggest new measures and decide in forecasting. 4 to 6 Lacs
Financial Planning & Analysis Manager Work 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 Analyst Work 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 Manager Work 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 Analyst Work includes preparing statistics, monitoring the requirements, and prepare reports after analysis. 8 to 10 Lacs
Auditors Examination of internal records, reports and operation practices for documentation. Verify and tally the assets and liabilities comparing them with the items documented. 5.5 to 7 Lacs

Other details:

  • Location: In India, The CFA Institute conducts exam for June attempt in 10 cities: Ahmedabad, Bangalore, Bhopal, Chennai, Hyderabad,  Kolkata, Lucknow, Mumbai, New Delhi, Pune.
  • For December attempt exam is conducted in 5 cities: Bangalore, Kolkata, Lucknow, Mumbai and New Delhi
  • Negative marking: There is no negative marking in The CFA exam.
  • Reattempt: There is no limit on the number of attempts for re-taking the exam but exam fees is needs to be paid separately for each re-attempt.
  • Grading Procedure: The grading of CFA results happen on the basis of MPS ( Minimum Passing Score), after every exam a MPS is calculated based on the performance of a average candidate. Based on the MPS the student gets the result of the same.

Course Curriculum

Ethical and Professional Standards
Code of Ethics and Standards of Professional Conduct 00:00:00
Guidance for Standards I–VII 00:00:00
Introduction to the Global Investment Performance Standards (GIPS) 00:00:00
Global Investment Performance Standards (GIPS) 00:00:00
Quantitative Methods
The Time Value of Money 00:00:00
Discounted Cash Flow Applications 00:00:00
Statistical Concepts and Market Returns 00:00:00
Probability Concepts 00:00:00
Common Probability Distributions 00:00:00
Sampling and Estimation 00:00:00
Hypothesis Testing 00:00:00
Technical Analysis 00:00:00
Economics
Demand and Supply Analysis: Introduction 00:00:00
Demand and Supply Analysis: Consumer Demand 00:00:00
Demand and Supply Analysis: The Firm 00:00:00
The Firm and Market Structures 00:00:00
Aggregate Output, Prices, and Economic Growth 00:00:00
Understanding Business Cycles 00:00:00
Monetary and Fiscal Policy 00:00:00
International Trade and Capital Flows 00:00:00
Currency Exchange Rates 00:00:00
Financial Reporting and Analysis
Financial Statement Analysis: An Introduction 00:00:00
Financial Reporting Mechanics 00:00:00
Understanding Income Statements 00:00:00
Understanding Balance Sheets 00:00:00
Understanding Cash Flow Statements 00:00:00
Financial Analysis Techniques 00:00:00
Inventories 00:00:00
Long-lived Assets 00:00:00
Income Taxes 00:00:00
Non-current (Long-term) Liabilities 00:00:00
Financial Reporting Quality: Red Flags and Accounting Warning Signs 00:00:00
Accounting Shenanigans on the Cash Flow Statement 00:00:00
Corporate Finance
Financial Statement Analysis: Applications 00:00:00
Capital Budgeting 00:00:00
Cost of Capital 00:00:00
Measures of Leverage 00:00:00
Dividends and Share Repurchases: Basics 00:00:00
Working Capital Management 00:00:00
Portfolio Management
The Corporate Governance of Listed Companies: A Manual for Investors 00:00:00
Portfolio Management: An Overview 00:00:00
Portfolio Risk and Return: Part I 00:00:00
Portfolio Risk and Return: Part II 00:00:00
Equity
Market Organization and Structure 00:00:00
Security Market Indices 00:00:00
Market Efficiency 00:00:00
Overview of Equity Securities 00:00:00
Introduction to Industry and Company Analysis 00:00:00
Fixed Income
Equity Valuation: Concepts and Basic Tools 00:00:00
Fixed-Income Securities: Defining Elements 00:00:00
Fixed-Income Markets: Issuance, Trading, and Funding 00:00:00
Introduction to Fixed-Income Valuation 00:00:00
Understanding Fixed-Income Risk and Return 00:00:00
Fundamentals of Credit Analysis 00:00:00
Derivatives
Derivative Markets and Instruments 00:00:00
Forward Markets and Contracts 00:00:00
Futures Markets and Contracts 00:00:00
Option Markets and Contracts 00:00:00
Swap Markets and Contracts 00:00:00
Risk Management Applications of Option Strategies 00:00:00
Alternative Investments
Introduction to Alternative Investments 00:00:00

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