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Gauri

K but can u give me detail information of cfa

by Gauri
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RE: K but can u give me detail information of cfa

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD

Hello My Dear CFA Aspirant,


CFA is really a dynamic course and my colleague here Ms. Sonia Agrawal has excellently explained about the CFA program. CFA course offered by CFA Institute USA is one of the toughest and there fore very respected and honoured courses in the world of finance.

In my more than seven years of career counselling experience, I have come across students who compare courses. Based on that I would just like to make one point clear that Chartered Accountancy and CFA or MBA and CFA are not comparable in any aspect and are very different course. They are not subsitutes of each other.

I am glad and would like to thank you for approaching CareerGuide.com for seeking clarification on your career query.

CFA Course from CFA Institute USA:

Private Questions

Chartered Financial Analyst (CFA) course is extremely focused on finance, financial analysis, financial engineering, statistics, mathematics, econometrics. CFAs are considered as the most brainy professionals in the industry. Once a CFA, you get into the high calibre rank of professionals around the world.

CFA from ICFAI:

CFA course is also offered by Institute of Chartered Financial Anaylst of India (ICFAI). ICFAI is an India based Institute and now also an University.

CFA course from ICFAI and CFA course from CFA Institute USA are very very different and please do not get confused or take them as same. The level of complexity in both is hugely different. The real CFAs are those who pass from CFA Institute USA only.

CFA from CFA Institute USA can be done by any graduate having four years of work experience, where as CFA from ICFAI can be done by any graduate without any work experience.

Job prospects for CFAs:

CFAs are generally offered jobs in the following areas and sectors:

  • Rating Agencies
  • Finance companies
  • Banking
  • Stock Market agencies
  • Mutual Funds houses
  • Broking and custodian houses
  • Independent consultancy jobs in financial anaylsis, etc
  • Insurance companies
  • Financial services sector

Salary scales:

Fresh CFAs start earning salary of around Rs. 5,00,00 (Ten Lakhs) per annum. As one gains experience this salary goes on increasing and may touch upto Rs. 25,00,000 (Twenty Five Lakhs) per annum.

Scope for CFAs is more in western countries however the demand for CFAs in India is also growing every year.

Best Luck!

RE: K but can u give me detail information of cfa

Sonia Agrawal
Sonia Agrawal

Hello dear student...Private Questions


To know more about the CFA Chartered financial Analyst, I would like to explain you in detail.
CFA degree in US is awarded by the CFA institute and to attain this a candidate has to clear three levels of exams popularly known as level I, level II, level III.
The degree awarded by the institute is one of the toughest degrees, in which only 38% of the students who appear for the exam mange to clear level I, 39% manage to clear level II and only 46 % able to clear level III approximately , it may vary.

ELIGIBILITY : To be able to enroll for this degree a candidate should possess a bachelor degree and four years of working experience. If the candidate is not having 4 years of working experience he' she can still appear the exam but the degree will be awarded after getting four years of working experience only.
CFA degree is an internationally acclaimed degree and will help you to get a good salary package. Minimum requirement is bachelor degree but many MBA mostly from top B-schools like IIM appear this exam. From this you can understand the value of this course.
This CFA degree is recognized in more than 138 countries across the globe. This course is designed and structured in such a way that professionals from different countries and learn and apply the same in their country.
EXAM : In this three levels are there which are important to clear to attain the degree.
1. Level I- held in June and December every year

It is multiple choice paper with three options to each question and consist of 240 questions to be completed in 6 hours( two session of three hours each). Each question having equal weightage and no negative marking for wrong answer.


2. Level II- held in June every year

It is having mostly case study type questions, 20 case studies with 6 questions each are asked in two sessions of 3 hours, In each section 10 case studies are there.

3. Level III- held in June every year.

This paper mostly consist of essay type paper with 10 case studies of 6 questions each.

The exams are conducted in English language only
To become a member of this institute a candidate need to apply for membership after clearing all the levels of exams and attaining four years of work experience and by adhering to the CFA institute code of ethics and standard of professional conduct.

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RE: K but can u give me detail information of cfa

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