Chartered Financial Analyst (CFA) Course: Details Eligibility, Career, Syllabus, Fees, Scope

Finance courses are always of great value and many professionals choose these courses to improve their skills. The CFA, also known as Chartered Financial Analyst, is one of those professional degrees that can improve a person’s career prospects. Everyone who is interested in or works in the financial world knows the meaning of the designation Chartered Financial Analyst. Many people often compare it to an MBA in finance, but the two fields are very different. The MBA focuses on the general aspects of business management and the general aspects of finance, while the CFA program focuses on the fundamentals of finance and its concepts.

Financial analyst competency course – Introduction

In this article, we have listed almost all the information you need to take a CFA course. For starters, the CFA certification is offered by the Institute of Investment and Finance Professionals. To become certified, you must pass a series of exams. To begin the CFA, you must take the Level I exam, and once you pass Level I, you must take Level II and III. Passing the CFA Level 1 exam opens the door to many opportunities and helps you bridge the gap between theory and current industry practice. The course will also teach you the professional standards and ethics associated with the financial industry.

This course will help you build a solid foundation to begin your career in finance. The course will also teach you investment analysis and active portfolio management skills. The CFA program also helps you learn more about investment strategies and markets around the world. In addition, the CFA can help you meet the requirements of the job or organization.

It can be said that CFA is a field that is still in high demand. If you are considering CFA or even studying CFA, then you are in the right place and we have helped you by listing all the information about CFA certification. Now go and check the details.

Financial analyst qualification – eligibility requirements

There are certain admission criteria associated with the CFA program. In this section, we have listed some points that you should check before planning your admission criteria.

  • A student in his or her final year of study or a student who has completed a license may apply to a CFA program.
  • Candidates with 4 years of experience are also eligible for CFA courses.
  • Any undergraduate or graduate MBA student can apply for the CFA degree.
  • Similarly, B.Com or M.Com students can obtain a CFA and CA graduates can do the same.
  • Finally, IT professionals with 4 years of experience can enroll in CFA courses, and many IT professionals often take CFA courses.
  • The candidate had to pass the examination of the previous level before moving on to the next level.
  • In addition, the applicant must be in possession of a passport.

Course duration for Chartered Financial Analyst

To take the CFA course, you must pass three exams. These levels are referred to as level I, II and III. These exams must be taken one after the other and you must wait a certain amount of time before you can take the next exam. Therefore, the minimum duration of a CFA course is two years; there is no maximum duration. You can prepare for the next level as required and take the exam accordingly.

Chartered Financial Analyst Courseware and Details

In this section of the site you will find the topics and course details for each exam level. Go see them now.

Step One

  • Questions – 120 questions (morning session) + 120 questions (afternoon session)
  • Duration – 3 hours (morning session) + 3 hours (afternoon session).
  • Question type – MCQ
  • Average success rate – 43
  • Themes and reflections
    • Alternative investments – 6
    • Corporate finance – 10
    • Derivatives – 6
    • Saving – 10% discount
    • Equity investments – 11
    • Ethical and professional standards – 15
    • Financial statements and analyses – 15
    • Fixed interest rate – 11
    • Portfolio management and asset planning – 6
    • Quantitative methods – 10

Level II

  • Questions – 60 questions (morning session) + 60 questions (afternoon session)
  • Duration – 3 hours (morning session) + 3 hours (afternoon session).
  • Question type – MCQ
  • Average success rate – 45
  • Themes and reflections
    • Alternative investments – 5
    • Corporate finance – 10
    • Derivatives – 5
    • Savings – 5%.
    • Equity investments – 10
    • Ethical and professional standards – 15
    • Financial statements and analyses – 10
    • Fixed income securities – 15
    • Portfolio management and asset planning – 15
    • Quantitative methods – 10

Third step

  • Questions – exam in essay form (morning session) + 60 questions (afternoon session).
  • Duration – 3 hours (morning session) + 3 hours (afternoon session).
  • Question type – Examination + MCQ
  • Average success rate – 55
  • Themes and reflections
    • Alternative investments – 10
    • Derivatives – 10
    • Savings – 5%.
    • Shareholding – 15
    • Ethical and professional standards – 10
    • Fixed income – 20
    • Portfolio management and asset planning – 35

*It should be noted that the above program is essentially the program that will be submitted for review. Actual costs and weights may vary.

Financial analyst course – examination and application fee

Fees and other details vary by exam level. In this section of the page, we’ve listed information about CFA fees

  • For Level I, the cost is $700 for early registration, $1000 for regular registration and $1450 for late registration. There is an additional fee of $450 for the first application.
  • For Levels II and III, the early registration fee is $700, the regular registration fee is $1,000, and the late registration fee is $1,450 per exam.
  • Please note that you can only make one attempt after paying the fee and must pay it again if you must appear for a second attempt.
  • Course fees are subject to change at any time. We therefore invite you to consult the details on the official portal of the CFA. You will also find a calendar for each type of registration.

Training for Chartered Accountant Financial Analyst – Career opportunities

The career prospects after the CFA training are very good. If you have passed the CFA, you are considered a financial expert. You can join a network of professionals and learn from the community. The CFA program has been around for over six decades and is a recognized certification. Almost all financial institutions and banks hire CFAs and the available positions are listed below.

  • Management Consultant
  • Certified Financial Analyst
  • Director-General
  • Chief Financial Officer
  • Financial Consultant
  • Financial strategies
  • Fund of the administrator
  • Fund Manager
  • asset manager
  • Market Research Analyst
  • Portfolio manager
  • Private Banker
  • Account Manager
  • Risk Manager

Below is a list of notable organizations that have been hired after completing the CFA course.

  • Bank of America
  • Amazon
  • Bank of New York Mellon
  • Barclays
  • Citi Group
  • Credit Suisse
  • Crisil
  • Deloitte
  • Ernst & Young
  • Goldman Sachs.
  • HDFC Bank
  • HSBC
  • ICICI Bank
  • J.P. Morgan Chase.
  • KPMG
  • Morgan Stanley.
  • PWC
  • RBC
  • SBI
  • State Highway
  • UBS
  • Wells Fargo

Training to become a skilled financial analyst – salary expectations

Another important aspect of any course is the salary you will receive at the end. You will be investing a lot of time and money into this course, so you should also see a return on your investment. Salary after the CFA can vary significantly depending on your degree and experience.

The good news is that the minimum wage you can earn after a CFA course is Rs 6.5 LPA. This number can increase exponentially and if you have an MBA from a top institution, you can get a starting salary of 7 figures. We have seen candidates earning more than Rs 40 lakhs after passing the CFA. We have shared the scale of minimum and maximum wages, but we are talking about the average; for the most recent one, it should be around 8 lakhs. With about ten years of experience, the average salary is Rs 20 lakhs. The issue of salary is very dynamic and depends on your company, your experience, your level of education and much more.

Final Judgment

We have shared with you all the details about the CFA course and if you go through all the benefits, you will see that it is a very lucrative industry. Many candidates begin their CFA preparation as soon as they begin their MBA at the university. The CFA is undoubtedly one of the most reputable courses and also requires a lot of work to pass all levels of the exam. You can begin studying for a job shortly after passing the Level I exam, and improve your job prospects with each level of exam you take.

You can check all these details and start your journey on your CFA course. You can also focus on the business of your dreams and prepare accordingly. Remember that a certain level of commitment is required to obtain the CFA, and you can also take coaching courses to better prepare yourself. If you need help with other details about CFA, please contact us and we will help you get the information you are looking for.

frequently asked questions

What are the costs of CFA courses?

The cost of the CFA® program starts at $2,550, which includes a one-time registration fee and a discount for early registration. But that may not be enough to get a CFA charter. If you invest more than the minimum, you can increase your chances of passing the exam.

What are the admission criteria for CFA courses?

Chartered Financial Analyst (CFA) – Course details, admission …

Does the competent authority meet the CFA criteria?

Since you’re already a CPA, it shouldn’t be too difficult to take the CFA® Level I exam. … That’s why most CA professionals who want to enter the investment finance industry should move to the CFA® program. In short, the combination of CFA and CA provides you with in-depth knowledge and global recognition.

About the Author: Prateek

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