CFA Institute or the Chartered Financial Analyst Institute provides distinctive and most diverse programmes for candidates who want to become investment professionals. Through its programmes and exams, the CFA Institute offers quality investment education. CFA Institute was established in 1947. Over these 70+ years, The CFA® Program has emerged as the benchmark qualification for the investment industry. It has grown to over 150,000 charter holders around the world in more than 165 countries. These charterholders today work as Portfolio Managers, Equity Research Analysts, Fund Managers, Wealth Managers, CFOs and Risk Consultants.
Completing The Program confirms mastery over the rigorous curriculum as can be evidence by you. Clearing all the three levels of the exam is the main requirement for earning the CFA® charter. It covers content required for investment industry segments like Equity, Fixed Income, Private Equity, Derivatives and Real Estate.
The flagship course offered by the Chartered Financial Analyst Institute is the CFA Programme for aspiring financial analysts. The institute conducts exams for these programs and the candidates are offered Chartered Financial Analyst (CFA) credential on clearing these exams.
The credential offered by CFA institutes is globally recognized and is one of the most respected designations in the world. The CFA Program has been designed to provide you with a strong foundation of advanced investment analysis along with the real-world portfolio management skills. The programme is meant to enhance your career prospects in the investment analysis field.
An enrolled agent is a tax professional who holds federal authorization granted by the United States Department of the Treasury. In interactions with the Internal Revenue Service (IRS) about tax matters such as audits, appeals, and collections, enrolled agents represent taxpayers. In all 50 states in the United States, there are about 53,000 enrolled agents in practice, according to the National Association of Enrolled Agents.
The EA Test, also known as the Special Enrollment Examination (SEE), is a three-part exam conducted by Prometric on behalf of the Internal Revenue Service. Each section is a separate 100-question exam with a time limit of 3.5 hours to complete all of the questions. The IRS Special Enrollment Test (SEE) is the simplest of tests that allow you to practice before the IRS with unlimited representation privileges.
The CPA and the bar exams are the other two, and all have major educational qualifications that must be completed before you can take the exam. That isn’t to say that the EA exam is easy. To be called a tax specialist, an enrolled agent must first “demonstrate special expertise in tax matters” by completing three independent tests. The degree of difficulty is determined by prior experience, but those who are eager to put in the effort will earn the enrolled agent certificate.
Those who want to become skilled tax advisors in the United States should take the Enrolled Agent course. It will enable you to get ready for the SEE tests, which will help you accomplish your goal in the allotted time. The IRS SEE, CPA exam, and Bar exam are the three components of the Special Enrollment Examination. The IRS SEE is the simplest and most fundamental level test out of these three.
| Course Name | Chartered Financial Analyst |
| Short Name | CFA |
| Course Level | Graduation |
| Course Type | Chartered Certificate Course |
| Course Stream | Commerce and Finance |
| Course Duration | 1.5 Year - 4 Years |
| Minimum Qualification Required | 10+2| Relevant Bachelor Degree |
| Selection Process | Merit-based | Entrance Exam Based |
| Course Fee | |
| Job Types | Chartered Financial Analyst, Market Research Analyst, Business Consultant, Portfolio Manager, Investment Manager, Risk Manager, etc. |
| Salary | INR 6.5 LPA - INR 41 LPA |
To become CFA® Program candidate, minimum eligibility is to:
Have a bachelor’s (or equivalent) degree, OR
Be in the 2nd year of a bachelor’s degree program,
To get the charter: Have 4000 hours of professional work experience in the investment decision-making process (accrued before, during, or after participation in the CFA® Program)
For more details on eligibility, visit CFA Institute site at www.cfainstitute.org
Note : Candidates must have a passport in order to appear for the CFA programme exams.
The CFA Programme comprises three levels and each level comprises a six-hour exam. Candidates have to pass these three extensive exams in order to get the CFA credentials. There is a specific weightage given to every subject at different levels of the course. Following are the levels and subject weightage:
| Topic Area | Level I | Level II | Level III |
|---|---|---|---|
| Ethical and Professional Standards | 15 | 10 to 15 | 10 to 15 |
| Equity Investments | 10 | 15 to 25 | 15 to 25 |
| Quantitative Methods | 12 | 5 to 10 | 0 |
| Fixed Income | 10 | 10 to 20 | 10 to 20 |
| Economics | 10 | 5 to 10 | 5 to 15 |
| Derivatives | 5 | 5 to 15 | 5 to 15 |
| Financial Reporting and Analysis | 20 | 15 to 20 | 0 |
| Alternative Investments | 4 | 5 to 10 | 5 to 15 |
| Corporate Finance | 7 | 5 to 15 | 0 |
| Portfolio Management and Wealth Planning | 7 | 5 to 10 | 40 to 55 |
| Total | 100 | 100 | 100 |
Note: CFA Institute may change or update the syllabus depending on the requirements of the industry and suggestion of investment professionals. Students are notified regarding all changes and recent practice analysis methods
| Level I | Level II | Level III | |
|---|---|---|---|
| Topic Focus | Investment Tools | Asset Valuation | Portfolio Management |
| Learning Focus | Knowledge & Comprehension | Application and Analysis | Synthesis and Valuation |
The curriculum is organized into ten general topic areas that provide a framework for making investment decisions.
Have a combination of 4,000 hours of work experience and | or higher education that was acquired over a minimum of three sequential years and achieved by the date of registering for the Level I exam.
August 2023 exam pass rate:
CFA Exam fee consists of one time registration fee + exam fee. The one time registration fee is US$350 which is payable at the time of first time exam registration.
The exam fee for each level is (level I, II and III) is US$ 900 for early registration and US$ 1,200 for standard registration. Please visit www.cfainstitute.org for more information on dates regarding early registration deadline and standard registration deadline.
Moreover, Indian students also need to pay the GST at 18% of the total fee. For example, If a candidate is registering for CFA Level I attempt for the first time, he | she will pay $350+$940 for early registration or $350+$1,250 for standard registration. The candidate should also add 18% GST on this amount.
The Chartered Financial Analyst (CFA) Program is a professional credential offered internationally by the American-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals.
The exam is a six-hour exam, broken into a morning and afternoon session, each being three hours long. The exam consists of 240 multiple-choice questions: 120 questions in the morning session and 120 questions in the afternoon session
The Chartered Financial Analyst (CFA) designation is regarded by most to be the key certification for investment professionals, especially in the areas of research and portfolio management. It is, however, one of many designations used today.
The CFA has a broad range, so anyone can choose their area of expertise and become a specialist in it. Quality data analyst, consultant, trader, real estate, fixed income, investment banking, etc. are a few of the job options open to CFA professionals.
It is predicted that 40-50% is the cutoff for completing the test.
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