Last updated on December 5th, 2024 at 06:11 am
CFA Course Full Form
CFA full form is chartered financial analyst, offered by the cfa institute. A designation given by CFA Institute which is a recognized professional certification worldwide. CFA program is offered internationally through this not-for-profit organization that assesses and certifies the knowledge and ethical principles of finance specialists in different nations. In finance, this credential shows great skills of investment analysis at higher levels together with portfolio management; hence making it very respected among employers within the financial sector. In this article i will you give cfa course full details
How CFA Became Popular
In the world of finance and especially among investment professionals, CFA charterholders are held in high regards. Majorly because of the rigorous and specialised knowledge in portfolio managment & Wealth management. Combined with this the stringent professional work experience that one has to prove to become a CFA charterholder.
- 1947: investment societies of Boston, Chicago, New York and Philadelphia formed the National Federation of Financial analysts
- 1959:NFAS board changes the name to ‘ Institute of Financial analysts
- 1961: NFAS changed the name back to ‘Financial analysts Federation.’
- 1962: Charted Financial Analyst designation was officially formed with its first code of conduct.
- 1963:The first 283 candidates gave the exam, and 268 charters were awarded
CFA Course Fees & Cost of Training
Chartered financial analyst course fees India is comparable to many tier 3 MBA colleges. Typically the cfa total cost in India including training & exam fees should not cross more than INR 4 Lacs. If you are sensible that is. Which means you register in the early bird window, and don’t fall for unnecessary prep material which creates a huge hole in your pocket.
CFA exams fees in INR for 2024 & 2025- Official Exam Costs
Below is the summary of CFA cost and also the cfa fees in inr
CFA fees in rupees would be INR 2.7 Lacs to INR 6.9 Lacs depending on which window of registration you complete.
CFA Training Fees
Now training fees totally depends on the kind & location which you opt for;
- Offline Classes: INR 45000 Per level
- Online Live Classes INR 30000 Per level
- Self Preparation Content: INR 15000 per level
These costs are estimates and mostly from Indian based tutoring services. The costs and cfa duration can significantly rise if you opt for training services and products from forign providers. Also in my opinion, prepare for the cfa using the institute materials which are of high quality. The cfa total fees in india increases majorly because of buying content which you dont use.
CFA eligibility In India- Revised Guidelines since 2022
CFA course eligibility has changed over the years. Before the guidelines were revised in 2022 only under graduates in their final year could register.
- Undergraduates:You are eligible to register for cfa level i exam , if your graduation is 23 months away from completion. & CFA level 2 exam can be given by you when your final graduation is 11 months away.
- Graduate: You hold bachelors degree domain or field, then you are eligible for CFA exams.
- Non Graduate: If you are not a graduate then you need to have 4000 hrs of work experience sequentially within 3 years.
Registration Process for CFA
If you want to register for the CFA exams, then you need first to visit: https://www.cfainstitute.org/en/programs/cfa/register.
- Create an account with the CFA institute
- Hold a Valid International passport
- Select and add your education details
- Toggle your attempt at the CFA exam
- Pay the fees using a credit card
What is CFA Course Details and Syllabus?
Below is the updated cfa course subjects with weightage for each level. All these subjects are crucial in the field of investment decisions.Considering now that you have the ability to write the level 1 exam 4 times. cfa course duration has become very flexible and you can finish it within 2 years. Also another interesting point about cfa subject is that most of the target area of study does’t change across levels.
Exam held 4x per year in February, May, August & November
Exam held 3x per year in May, August & November
Exam held 2x per year in February & August
| CURRICULUM TOPIC | LEVEL I | LEVEL II | LEVEL III |
|---|---|---|---|
| Ethical and professional standards | 15-20% | 10-15% | 10-15% |
| Quantitative methods | 6-9% | 5-10% | — |
| Economics | 6-9% | 5-10% | — |
| Financial statement analysis | 11-14% | 10-15% | — |
| Corporate issuers | 6-9% | 5-10% | — |
| Equity investments | 11-14% | 10-15% | — |
| Fixed income | 11-14% | 10-15% | — |
| Derivatives and Risk management | 5-8% | 5-10% | 10-15% |
| Alternative investments | 7-10% | 5-10% | — |
| Portfolio management | 8-12% | 10-15% | — |
| Portfolio construction | — | — | 15-20% |
| Asset allocation | — | — | 15-20% |
| Performance measurement | — | — | 5-10% |
| Choice of pathway (Portfolio Management, Private Markets or Private Wealth) | — | — | 30-35% |
CFA Pass Rates
Pass rates across levels
- level 1 pass rate: 36% ( Pre covid)
- CFA Level 2 pass rate:46%
- level 3 Pass rate: 54%
The pass rates have drastically gone down during covid. This usually happens when the gross registration goes down too. Hence the current pass rate of 27% at Level 1 is not indicative of the exam becoming difficult.
The minimum passing score at CFA is not decided based on a pre-decided pass % target. The MPS get decides to post the exam after volunteers attempt the exam. Each volunteer attempts the exam and g
CFA Exam Centers in India
CFA Online CBT Exams are now availble in the below-mentioned cities, which is a significant increase compared to the physical paper testing pattern.
- Ahmedabad
- Bangalore
- Bhopal
- Kolkata
- Chennai
- Hyderabad
- Indore
- Jaipur
- Lucknow
- Mumbai
- New Delhi
- Pune
Relevance of Chartered Financial Analyst Course
CFA is as relevant in India as it is in the global arena because most of the investment management companies in India are based out of the U.S.Moreover, the top fund managers in India and also analysts hold the CFA designation, making the CFA program a popular recruitment anchor.
Market regulators like SEBI have been proactively working to promote the CFA designation. Most of the job descriptions will mention CFA as their preferred education requirement.
Conclusion
Go for it! Hopefully, you now understand why it’s called the Golden Standard. Send me your queries and questions.Always happy to assist, inspire & mentor everyone.
FAQ’s
What is the cfa full form in commerce field?
CFA Exam full form is chartered financial analyst, is one of the oldest and most prestigious qualifications in investment finance.
how to become cfa in india?
To become a cfa in india, you need to pass the three levels of cfa exams and full fill the 4 years of relevant experience criteria to apply for membership. The relevance criteria means that your work experience should be related to portfolio management and wealth planning or should aid in investment decisions.
Can I do CFA after 12th?
No, CFA LEVEL 1 can be attempted when your graduation is 24 months away from the date of registration. Although CFA institute never restricts anyone from giving the exam, but there are chances that your membership gets cancelled once you become the cfa charter holder.
What are the work experience requirement for CFA charter?
The work experience requirement for gaining the CFA designation is that once you finish the three levels of the program. Then you need to submit minimum 4 years of experience in the field of finance. Which should be recommended by two more existing CFA charter holders.
What are the new changes in CFA Program in the year 2024?
The CFA Institute introduced the Practical skills module. These are self contained courses of 10 to 15 hours which needs to be completed after the exam but before the results are declared.
What are the new pathways for CFA LEVEL 3 for 2025 ?
• Starting with the 2025 exams, specialized pathways for private wealth and private markets will be introduced, in addition to the traditional portfolio management path.
• Each pathway will have a common core, but will focus on skills relevant to specific areas of interest in the industry.
• The rigor and exam difficulty will remain consistent across all pathways of the qualification, not a general management qualification.
