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CFA - Chartered Financial Analyst
CFA is a professional course offered by the Institute of Chartered Financial Analysts of IndiaThis course deals with the knowledge and skills of financial analysis, portfolio management, investment management, etc. This course is a comprehensive field of study that involves integrating investing and financial management skills and information.
The designation of a CFA is one of the most reputed designations in the field of management and finance across the world. They are always in huge demand in corporates as well as other organisations and they can get lucrative job opportunities to work. These days they are given equal respect and pay like any CA or a CS. The CFA course fees are high in comparison to other professional courses.
To obtain the certification of a CFA, one has to clear 3 levels of examination.
Level 1
Level 2
Level 3
Highlights
Course Type
Part-Time/Certification Course
Age
No age limit(minimum/maximum) is set by ICFAI
Eligibility
Passed 12th from a recognised Board / Relevant Bachelors Degree
Average Fees Incurred
- Overall expense - 1 lakh - 3 lakhs
- Registration - USD 900 for Early Registration and USD 1200 for Standard Registration
Employment Roles
Portfolio Manager, Risks Manager, Market Research Analyst, Chartered Financial Analyst, Investment Manager, Business Consultant, Supply Chain Analyst
Pass Percentage
- CFA Level 1 - 38%
- CFA Level 2 - 45%
- CFA Level 3 - 50-52%
Minimum % in 12th
50%
Frequently Asked Questions
The Level 1 exam consists of 180 multiple-choice questions, split between two 135-minute sessions (session times are approximate). There is an optional break between sessions. Candidates must take both sessions to receive an exam result.
First session (2 hours,15 minutes):90 multiple-choice questions, covering the topics of ethics & professional standards, quantitative methods, economics, and financial statement analysis.
Second Session(2 hours,15 minutes): 90 multiple-choice questions, covering the topics of corporate issuers, equity, fixed income, derivatives, alternative investments, and portfolio management.
Level 2 Exam Structure
The Level 2 exam consists of 22 item sets comprised of vignettes with 88 accompanying multiple-choice questions. The duration will be 4 hours and 24 minutes, split into two equal sessions of 2 hours and 12 minutes, with an optional break in between.
Level 3 Exam Structure
This level consists of item sets comprised of vignettes with accompanying multiple-choice items and constructed response (essay) questions.
All questions must be answered based on the information in the vignette. Hence, the items are not free-standing, as in the CFA Level 1 exam. You will need to refer to the vignette before answering each item. Item sets and constructed response (essay) sets will be mixed within each of the two exam sessions, so each session will have either 6 item sets and 5 essay sets and 6 essay sets.