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

The finance domain courses always have a lot of value, and many professionals opt for such courses to enhance their skills. CFA, also known as Chartered Financial Analyst, is one such professional course that can improve anyone’s career prospects. Anyone interested in the financial domain or working in the financial domain would know the value of the designation of Chartered Financial Analyst. Many people often compare it with an MBA in Finance, but these two fields are very different. MBA focuses on the general aspects of business management & general aspects of Finance, whereas the CFA Program is aimed at core finance and its concepts.

Chartered Financial Analyst Course Introduction

In this article, we have listed almost all the information you would need to pursue the CFA course. To begin with, the CFA certification is offered by the Institute of Investment & Financial professionals. You have to go through an iteration of exams to get the certification. You need to appear for the Level I exam to start with CFA, and after clearing Level I, you would need to appear in Level II & Level III. Clearing the Level I Exam of CFA would open the doors of many opportunities, and it will help you bridge the gap between the theory and the current industrial practices. The course also teaches you about the professional standards & ethical standards associated with the financial industry.

The course can help you in building a strong foundation to start your career in the financial industry. Apart from this, the course would also teach you about investment analysis and active portfolio management skills. The CFA program also helps you in learning about investment strategies and markets across the globe. Apart from this, CFA can also help you meet the requirements of a job or an organization.

Chartered Financial Analyst (CFA) Course India

It can be said that CFA is one of the courses that always stay in high demand. If you are planning to pursue CFA or even if you are exploring CFA, then you are at the right place, and we have helped you by listing all the information about the CFA Certification. Go ahead and check out the details now.

Chartered Financial Analyst Course – Eligibility Criteria

There are specific eligibility criteria associated with the CFA course. In this section, we have listed some of the points that you need to check out before you plan your Eligibility Criteria

  • A student in the final year of the bachelor degree or the student who has completed the bachelors can apply for a CFA course.
  • The candidates with work experience of 4 years are also eligible for the CFA course.
  • Any MBA Aspirant or any student who is pursuing an MBA is eligible to pursue CFA.
  • Similarly, B.Com or M.Com students are also eligible to pursue CFA, and the same is applicable for CA aspirants.
  • Lastly, IT professionals with experience of 4 years are eligible for CFA Course, and many IT professionals often pursue the CFA course.
  • Before appearing for the next level, the candidate should have cleared the previous level of examination.
  • It is also mandatory for the candidate to have a passport.

Chartered Financial Analyst Course Duration

To complete the CFA course, you need to give three exams. These are known as Level I, Level II & Level III. These exams need to be given sequentially, and you need to wait for a particular duration before you are eligible for the next exam. Considering this, the minimum duration to complete the CFA course is two years, and there is no such maximum duration. You can take your time to prepare for the next level and appear for the exam accordingly.

Chartered Financial Analyst Syllabus & Course Details

This section of the page has given a split of the subjects and course details for every level exam. Go ahead and check them out now.

Level I

  • Questions – 120 Questions (Morning Session) + 120 Questions (Afternoon Session)
  • Duration – 3 Hours (Morning Session) + 3 hours (Afternoon Session)
  • Question type – MCQ
  • Average Pass %age – 43%
  • Topics & weightage
    • Alternative Investments – 6%
    • Corporate Finance – 10%
    • Derivatives – 6%
    • Economics – 10%
    • Equity Investments – 11%
    • Ethical and Professional Standards – 15%
    • Financial Reporting and Analysis – 15%
    • Fixed Income – 11%
    • Portfolio Management and Wealth 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 Pass %age – 45%
  • Topics & weightage
    • Alternative Investments – 5%
    • Corporate Finance – 10%
    • Derivatives – 5%
    • Economics – 5%
    • Equity Investments – 10%
    • Ethical and Professional Standards – 15%
    • Financial Reporting and Analysis – 10%
    • Fixed Income – 15%
    • Portfolio Management and Wealth Planning – 15%
    • Quantitative Methods – 10%

Level III

  • Questions – Essay Type Exam (Morning Session) + 60 Questions (Afternoon Session)
  • Duration – 3 Hours (Morning Session) + 3 hours (Afternoon Session)
  • Question type – Essay + MCQ
  • Average Pass %age – 55%
  • Topics & weightage
    • Alternative Investments – 10%
    • Derivatives – 10%
    • Economics – 5%
    • Equity Investments – 15%
    • Ethical and Professional Standards – 10%
    • Fixed Income – 20%
    • Portfolio Management and Wealth Planning – 35%

*It should be noted that the syllabus listed above approximates what will come for the exam. The actual questions and the weightage may differ.

Chartered Financial Analyst Course – Exam & Registration Fee

The fee and the other details vary for each level exam. In this section of the page, we have listed the information about the CFA fee

  • For level I, the early registration fee is $700, standard registration is $1000 & late registration is $1450. It should be noted that the first time registration would incur an additional enrollment fee of $450.
  • For Level II & Level III, the early registration fee is $700, standard registration is $1000 & late registration is $1450 per exam.
  • It should be noted that you get one attempt after the fee payment, and you would have to pay the fee again if you need to appear for the second attempt.
  • The course fee may change anytime, and hence you are requested to check the details on the official portal for CFA. You will also find the timeline for each type of registration.

Chartered Financial Analyst Course – Career Prospects

The career prospects after the CFA course are very bright. After completing CFA, you are regarded as an expert in Finance domain. You will be able to join the network of professionals and learn from the community. CFA program had been around for over six decades, and it is a universally accepted certification. Almost every financial institute and bank hire CFAs, and the job titles available are listed below.

  • Business Consultant
  • Chartered Financial Analyst
  • Chief Executive Officer
  • Chief Financial Officer
  • Financial Advisor
  • Financial Strategists
  • Fund of Fund Managers
  • Fund Managers
  • Investment Manager
  • Market Research Analyst
  • Portfolio Managers
  • Private Banker
  • Relationship Managers
  • Risk Manager

Some of the reputed organizations that hire after you complete the CFA course are listed below

  • 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
  • JP Morgan Chase
  • KPMG
  • Morgan Stanley
  • PWC
  • RBC
  • SBI
  • State Street
  • UBS
  • Wells Fargo

Chartered Financial Analyst Course – Salary Expectations

Another important aspect of pursuing any course is the salary that you will get after completing the course. You will be investing a significant amount of time & money in this course, so you should also see the return on investment. In terms of the salary after CFA, it can vary vastly depending on what your graduation and experience level is.

The good news is that the minimum salary you can make after the CFA course is Rs 6.5 LPA. This can increase exponentially with your experience, and if you have done MBA from a premium institute, you can get a starting salary in 7 digit range. We have seen candidates earning over Rs 40 Lakhs after they have completed their CFA. We have shared the minimum and the maximum range of salary with you but talking about the average; it remains to be around Rs 8 Lakhs for the fresher. With an experience of around ten years, the average salary would be Rs 20 lakhs. The question of salary is very dynamic, and it depends on your company, experience, education level and a lot of other things.

Final Verdict

We have shared all the details about the CFA course, and by going through the benefits, you would have realized that it is a very lucrative field. Many candidates start preparing for CFA as soon as they start their journey in the MBA College. CFA is undoubtedly one of the most reputed course, and it also takes a lot of hard work to clear all the exam levels. You can start exploring jobs soon after you clear the Level I exam, and the job prospects will keep improving with every level of the exam that you clear.

You can review all these details start your journey in the CFA course. You can also aim for a dream company and prepare accordingly. Remember that it takes a certain level of dedication to complete CFA, and you can also take coaching classes for better preparations. If you need help with any other detail about CFA,you can reach out to us, and we will help you with the information you are looking for.