Chartered Financial Analyst (CFA): Course Syllabus, All Level Fees, Admission, Duration, Colleges, Career, Scope, Job, Salary 2024 (2024)

CFA Course: Chartered Financial Analyst (CFA) is one of the most sought-after designations for investment professionals. It is a global and very recognized professional credential in Financial Management & investment offered by CFA Institutes. The CFA charter is regarded as the world’s most respected and recognized designation in investment management fields.

Candidates who shall pursue this course can gain in-depth knowledge of the investment industry which may increase their probability of landing high-paid jobs. Industrialization and globalization are increasing by day by day demand for CFAs in India. Candidates who pursue a CFA certificate are needed to qualify in three levels of examination which is conducted by these bodies.

Why Need CFA Course Certificate?

✍ CFA Institute, Level I, Level II, and Level III. These exams are conducted in areas related to Economics, Accounting, Security Analysis, and Money Management. Level I exams are conducted in the month of June and December, and Levels II and III are only, offered in June. This CFAprogram is beneficial for those willing to build a long-term career in domains like banking, corporate or financial services. Apart from this, taking up independent practice is also an option after pursuing the course.

✍ Candidates do not require to attend regular classes as CFA is a self-study program. The CFA curriculum is inclusive of academic theory as well as field practice which an individual gains through work experience. Candidates learn to gain knowledge on investing & making money in stocks, industries, companies, and also at an individual level.

List Top of CFA Courses 2024

Following courses are there in CFA in Level 1 and these are as follows:

  • Investment Banking Fundamentals
  • Ethics
  • Quantitative Methods
  • Economics
  • Financial Reporting and Analysis
  • Corporate Finance

Note: There are many other courses of CFA on level 2 and these all vary from subject to subject in the CFA Exam Syllabus and courses shed under CFA courses.

CFA Level 2 Prep course section details are as follows in the table below:

Sr. NO.

Modules

Video Hours

1.

Ethical & Professional Standards

8

2.

Quantitative Methods

10

3.

Economics

11

4.

Financial Reporting & Analysis

19

5.

Corporate FinanceSyllabus, Program 2024

8

6.

Equity Investments/ Valuation

20

7.

Fixed Income

16

8.

Derivatives

14

9.

Alternative Investments

4

10.

Portfolio Management and wealth planning

5


CFA Course Admission Procedures:

✍ Candidates urging to take admissions in the CFA Course are supposed to fulfill the criteria as set by the chartered accountancy university. All those applicants are supposed to clear their bachelor’s degree in any of the relevant disciplines and should be currently aspiring their bachelor's degree with final year completion. Having relevant work experience for a minimum of 4 years is also a prerequisite for availing of admission to the program. In addition to the above-listed criteria, few institutions also set the norm of having an international travel passport with the candidate.

✍ Admissions are done on the basis of merit lists provided to the candidates. All the applicants are supposed to clear the Level I, Level II, and Level III examinations to earn the certificate of the CFA Course. All the candidates are required to apply for this course online and they have to pay fees online. Enrolment to the program can be done through Credit Cards. The candidates will be notified via email or on an official website.

CFA Exam benefits gained by the candidates:

Sample of career benefits that a candidate may get after passing the three levels of the CFA Exam. In this current competitive scenario, CFA Charterholders are gaining importance for the expertise and for the skills which they have. This can be a career enhancer if you are a professional in finance, or wish to switch to a significant role. These are the roles of industry specialists recruit maximum to maximum CFA Charters for:

  • Research Analysts
  • Portfolio Managers
  • Private Bankers
  • Manager of Managers
  • Financial Advisers
  • Relationship Managers
  • Financial Advisors
  • Financial Strategists
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CFA Course Fees Structure is as follows:

The Fee structure of CFA is 72K for level 1 and for level 2 is 40K approximately. If in case any candidate gives a re-examination then she/he may have to reappear for the exams and then they have to add 40K extra for every attempt. To do coaching of CFA candidates have to give 15k-20k for every level. Material generation depends on 2k-10k and on the day of the exam, candidates have to submit 1K-5K and much higher if you make travel and have to make an arrangement to stay. To have a degree of CFA you have to do finance which consists of three levels in total.

Passing marks for CFA L-1 comes within 35% to 45% of the bracket, in level-2 it increased to 42%, and so on. In level 3 the passing marks get hiked between 45% to 55% and so on. The entire fee for CFA is all around INR 182,000. CFA course is not at all about stock markets, it covers anything remotely related to finance. CFA with an MBA is of global value. The salary point of view outside India is much higher because of the standard of living.

CFA Course Syllabus:

CFA course syllabus is divided into three levels: Level I, Level II, and Level III. This course consists of a detailed study of the subjects like economics, Portfolio Management, Corporate finance and professionals, Ethical standards of business, and much more.

A] CFA – Working Level Knowledge

B] CFA – Expert Level Knowledge

Group A:

Economics

Financial Accounting

Group D:

Fixed Income Securities: Analysis & Valuation

Equity: Analysis & Valuation

Group B:

Financial Management

Quantitative Methods

Group E:

Portfolio Management

Derivatives: Analysis & Valuation

Group C:

Financial Statement Analysis

Financial Markets

Group F:

Professional Ethics and Case Studies

Mutual and other Funds

CFA Course Career:

Those who all are graduates after the successful completion of the CFA program. They have many opportunities for growth in private and government sectors on domestic as well as international levels of grounds. The aspirants are trained to handle the workings of the finance industries, providing the skills to make their stand in the investment career through their commitment to excellence.

Chartered Financial Analysts have a long-term career opportunity like professionals in finance to work in the industry of corporate, banking and financial sectors. They are many opportunities in the field of business, insurance firms, auditing departments, Excise & Taxation departments as well as Educational Institutes. They will become auditors, finance analysts, Finance managers, and Analysis managers, and this hierarchy goes on.

CFA Course JOBS:

Most of the candidates are already in the Finance field or wish for switching the form of their careers which they can choose from jobs like:

  • Managers of Portfolio
  • Private bankers
  • Fund of fund managers
  • Financial Advisors
  • Relationship managers
  • Financial strategists

CFA Course Salary for the candidates:

✍CFA Course Certification has witnessed a steadily growing popularity in recent years. The annual salary of Rs.3 lakhs is earned by a CFA degree holder. Like most other professions, your salary would increase after you gain adequate experience. For example, after seven to eight years of experience, a CFA holder may earn an average annual salary of Rs.12 lakhs in total. Just after 10 years of experience, a CFA degree holder may earn as much as Rs.19 lakhs annually.

✍The company and the field in which you would be working in. It plays a major role in deciding on the CFA salary. Companies irrespective of size have been paying handsome salaries to CFA charter holders all over India.

Best Colleges for CFA Course in India

  • IMS Proschool MG Road, Bangalore
  • IMS Proschool, Hyderabad
  • IMS Preschool, Pune
  • Indian Institute of Management and Studies (IIBMS), Mumbai
  • Central India Institute of Management Studies, Chattisgarh
  • Mansukh Institute of Financial Market, New Delhi
  • FTMS Global Academy India PVT. LTD, Chennai
  • Narayana Institute, Gujrat
  • Chartered Finance Analyst Institute, Mumbai
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Chartered Financial Analyst (CFA): Course Syllabus, All Level Fees, Admission, Duration, Colleges, Career, Scope, Job, Salary 2024 (2024)

FAQs

What is the salary of CFA in USA? ›

CFA Salary in USA depends on the work experience and job roles. The average salary of a Chartered Financial Analyst is USD 108,855 per year (INR 90.63 Lakhs Approx).

Is CFA harder than CPA? ›

CFA vs CPA Exam difficulty

Both are challenging and require gaining skills and knowledge in complex topics. However, the CPA Exam generally requires less studying - around 80 to 120 hours per section compared to 300 hours per section of the CFA Exam, and the CPA Exam also has a higher pass rate.

How much does the CFA exam cost? ›

You'll pay multiple fees to take the CFA exam. The one-time enrollment fee is $350. The standard registration fee for each level of the exam is $1,200.

Is the CFA exam hard? ›

The Bottom Line. Overall, the CFA exams are very difficult, but candidates can increase their chances of passing by studying for over 300 hours, utilizing alternative prep materials, answering as many practice questions as possible, and creating a structured study plan.

Is CFA worth it in USA? ›

According to the CFA Institute, this credential "is the professional standard of choice for more than 31,000 investment firms worldwide."1 It can be especially helpful if you don't have an undergraduate degree in finance, economics, or accounting, and your goal is a job or career in the finance industry.

Who gets paid more CFA or CPA? ›

CFA vs CPA Salary: Everything You Need to Know. The average salary for a CFA charterholder ranges anywhere from $51,000 to over $274,000, while CPAs may earn an annual salary ranging from $50,000 to upwards of $240,000.

Is CFA higher than CPA? ›

CFAs typically have a higher earning potential than CPAs. CPAs often work with financial decisions that companies have already made, such as preparing tax documents and audits, while a CFA typically helps their clients make these financial decisions and plan for financial success.

Is a CFA or MBA better? ›

Career aspirations: While there is certainly overlap in how business school graduates and charterholders apply their expertise, MBA programs are generally ideal for professionals who want to pursue management positions in any industry. A CFA designation suits professionals dedicated to working in the finance industry.

Is passing CFA a big deal? ›

If you're aiming to work in roles such as financial analysts, portfolio managers, or investment bankers, the CFA designation can be a valuable asset. However, if you want to pursue careers in other areas of finance, an alternative certification or qualification may be more relevant.

Does CFA expire? ›

CFA Program exam results do not expire, and you are not required to enroll each year. There is no limit to the amount of time you have to complete the CFA Program.

Is CFA program free? ›

CFA Program Fee – Frequently Asked Questions (FAQs)

The CFA program costs anywhere from $2,450 to $3,450 (USD) to take all three levels depending on whether you take advantage of early registration discounts.

Is CFA harder than the bar? ›

With a pass rate of less than 11% for all three levels, the CFA passage rate is lower than most state bar exams. Virtually everyone who has taken all three exam levels will tell you it is one of the most time intensive and difficult exams they have ever sat for.

What is the hardest exam in finance? ›

Overview. It's long been known as the hardest qualification in finance. A rewarding, if somewhat daunting undertaking. But 60 years since candidates sat the first exams, the CFA Program has changed.

Is CFA losing value? ›

CFA lost its value in the industry years ago, now appears to still hold some ground in frontier/emerging markets only.

Who earns more CFA or MBA in USA? ›

The average starting salary of those with MBAs is around $97,000, while those with a CFA designation might see an average starting salary of $104,000.

Do CFA make a lot of money? ›

As of Apr 24, 2024, the average annual pay for a Cfa in California is $104,029 a year. Just in case you need a simple salary calculator, that works out to be approximately $50.01 an hour. This is the equivalent of $2,000/week or $8,669/month.

How much do CFA vs CPA make? ›

CFA vs CPA Salary: Everything You Need to Know. The average salary for a CFA charterholder ranges anywhere from $51,000 to over $274,000, while CPAs may earn an annual salary ranging from $50,000 to upwards of $240,000.

Can I work in USA with CFA? ›

The Chartered Financial Analyst (CFA) designation is a globally recognized qualification that can help you pursue a career in finance in the United States.

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