Career and Scope of CFA in India

May 14, 2021
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Table of Contents

Introduction

CFA India Institute or the Chartered Financial Analyst Institute is a US based institute. It offers distinguishing and productive programs. So, aspirants who wants to become professionals in investment takes up the program. Through the examinations conducted by the institute, CFA India develops a candidate to excel in the field of investment and finance.

CFA or Chartered Financial Analyst is a globally-recognized professional certification program. Also, it is accepted by 138 countries across the globe. It is a field related to Financial Management and Investment Management. Chartered Financial knowledge with respect to finance and investment analysis, management and banking, portfolio management and evaluation.

Is CFA or Chartered Financial Analyst course available in India?

Yes, CFA or Chartered Financial Analyst India is available in India. So, the US based CFA institute conducts the examination.

How to apply for CFA or Chartered Financial Analyst?

The applicant has to register through the institution’s official website. As there is no governing body for CFA India or any country around the World. Thus, the exam is solely and primarily conducted by United States all around the globe

You can also read our blog on scope of chartered financial analyst.

What is CFA or Chartered Financial Analyst India program?

The CFA Program is a three tier exam that evaluates the fundamentals of investment tools, valuing assets, portfolio management, and wealth planning. Moreover, the CFA Program is for the students who has backgrounds in finance, accounting, economics, or business. Besides, students who has interest in the same can also apply. CFA charter holders earn the right to use the CFA designation after having completed the program and accepted by CFA Institute. For instance, CFA charter holders are qualified to work in senior and executive positions in investment management, risk management, asset management, and more.

The examination has three levels

CFA Level 1 – It is easiest of all. Thus, simple MCQ questions covering the entire syllabus.

CFA Level 2 –  Difficult that the Level 1 CFA. Case study based questions and MCQ based question asked.

CFA Level 3 –  Most difficult and challenging.

Who are eligible for CFA or Chartered Financial Analyst?

The general eligibility criteria for CFA or Chartered Financial Analyst in India is as follows

  • Minimum Qualification Required: Graduation or final year of undergraduate degree program in any field.
  • He or She should be a graduate
  • Besides, applicants in the final year can also apply
  • Also applicants from any field (science, commerce or arts) can choose to apply.
  • Applicants need to have at least four years of work experience
  • Furthermore, to enter every subsequent level, one must have passed the last level of the CFA.

In addition, the candidate registering for CFA India should have the following documents in hand

  • International valid passport
  • Also, International credit card with limit of ₹1 Lakh or ₹ 1,00,000

CFA or Chartered Financial Analyst India Selection Process

In order to appear for the Level I exam, the candidates must either be in the final year of their undergraduate degree program. Or must have completed their graduation. Only those candidates who have completed graduation and cleared CFA Level 1, will be able to appear in CFA Program Level 2. Subsequently candidates who have cleared CFA Level 2 will be eligible for CFA program Level 3. The selection is completely merit-based.

CFA India course details

The examination has 3 tiers or levels

CFA Level l, CFA Level 2 and CFA Level 3. The candidates require to clear each lower CFA level to reach the subsequent higher CFA level. Also, a detailed description of the conduct of examination is given below.

Level l

Graduates in any field or students in the final year of undergraduate degree program are eligible for Level l CFA India. In addition to this a valid international passport is essential. Besides, the examination is conducted twice a year in June and December. The questions are very basic and simple in CFA Level 1.

Also, questions are based on syllabus and every subject is covered. There are 240 MCQ type questions with no negative marking. Furthermore, the duration Level l CFA India is 6 hours duration. Consequently, the examination  is  conducted in two slots as in morning and day each of 3 hours duration.

Therefore, the morning slot lies between 9 a.m. to 12 noon and the day slot continues from 2 p.m. to 5 p.m.

Level 2

Level 2 CFA India examination is more difficult than level l CFA India examination. Thus, questions are based on the entire syllabus and every subject is covered.

There are 120 MCQ type questions. The duration Level 2 CFA India is also of 6 hours duration. Therefore, the examination is conducted in two slots, morning and day each of 3 hours duration. Likewise to the CFA Level 1, the morning slot is 9 a.m. to 12 noon and the day slot continues from 2 p.m. to 5 p.m. In contrast, the format of question asked changes to vignettes or in simply case study based questions. A case study will be provided followed by 6 MCQ type questions each with 3 options. The examinee is required to read the case study. Consequently, respond to the correct option with respect to the case study provided. Level 2 CFA India checks the concepts and the ability to apply the data skills correctly.

Level 3

This level CFA India examination is most difficult than Level l and Level 2 CFA India examination. Generally questions are based on syllabus and every subject is covered. There are 120 MCQ type questions. The duration Level 3 CFA India is also of 6 hours duration. The examination is conducted in two slots, morning and day each of 3 hours duration. Therefore, the morning slot is 9 a.m. to 12 noon and the day slot continues from 2 p.m. to 5 p.m. However, the morning slot is different from the rest. Here, the candidate is required to write essays or constructed response. So, what happens in this is the candidate is given a question and a certain space is provided to write the answer. Candidates need to read the question, the case and consequently interpret the scenario and write an essay.

A candidate who clears all the three levels is recognized as a CFA or Chartered Financial Analyst Charter.

Fee Structure of CFA India

One time registration fees for CFA India is 450$ that is INR 33,010 approximately. Apart from that, each CFA level fee amounts to 650$ or INR 47,680 approximately. In addition to this, there is

Early registration – 650$ or INR 47,680 approximately

Standard registration – 850$ or INR 62,350 approximately

Late registration – 1380$ or INR 1,01,231 approximately

Syllabus of CFA India

A brief idea of the curriculum is given below for CFA India. The candidate requires to crack all three levels of examination conducted by CFA Institute: Level I, Level 2, and Level 3. The CFA Level I syllabus is basically an introduction to different concepts of the Finance and Investment to the candidate.

The topics covered in CFA India are as given below

CFA Level 1 Syllabus

Financial reporting analysis
  • Financial reporting mechanics & Standards.
  • Understanding income statements.
  • Understanding balance sheet.
Ethics
  • Standards of professional conduct.
  • Global Investment Performance standard.
Quantitative analysis
  • Time value of money.
  • Discounted cash flow applications.
  • Statistical concepts and market returns.
Fixed income analysis
  • Introduction to fixed income valuation.
  • Fixed income securities and markets.
Equity Investment
  • Market organization and structure.
  • Security market indices.
  • Market efficiency.
Economics
  • Demand & supply analysis.
  • The Firm & market structures.
  • Aggregate output, Prices, Economic growth.
Corporate finance
  • Capital budgeting.
  • Cost of capital.
Portfolio management and wealth planning
  • Portfolio management.
  • Basics of portfolio planning and construction.
Derivatives
  • Derivatives market and instruments.
  • Basics of derivative pricing and valuation.
Alternative investment
  • Mutual funds.
  • Real Estate.

CFA Level 2 Syllabus

  • Ethical and Professional Standards.
  • Quantitative Methods.
  • Economics.
  • Financial Reporting and Analysis.
  • Corporate finance.
  • Equity Investments.
  • Fixed Income.
  • Derivatives.
  • Alternative Investments.
  • Portfolio Management.

CFA Level 3 Syllabus

The focus of the exam is on portfolio management and wealth planning. But it covers seven more topics that can be classified into the following parts

  • Ethical and Professional Standards.
  • Asset Classes.
  • Ethical and Professional Standards.
  • Investment Tools.
  • Asset Classes.
  • Portfolio Management and Wealth Planning.

Career and Scope of CFA or Chartered Financial Analyst in India

At the end of every struggle and hard work, an individual always seeks to taste the fruit of his patience and determination. Undoubtedly, CFA or Chartered Financial Analyst qualification opens a wide spectrum of career opportunities both in India and abroad. So, given below is a list of CFA jobs in India

  • Corporate Finance – help to raise money from or helping to invest in various business related projects.
  • Investment banking – venture capital, private equity, merchant banking related areas.
  • Research- equity research, bond marketing, derivatives and alternative investment
  • Evaluation portfolio management
  • Credit analyst
  • Business evaluation
  • Business analyst
  • Asset Management
  • Investment banking M&A
  • Risk management
  • Corporate banking
  • Wealth management
  • Capital Markets
  • Trading
  • Quantitative analytics and more

You can also read our blog on CFA Vs CA

Who should choose CFA as a career option?

If you are someone who wants to make a career in stock exchange, investment or credit analysis. Not only that, an aspirant needs lot of hard wok, patience, time and money. So, if you are somebody who is ready to put in all of these with generosity. And if you can wait till it melts the way you want. Do try your luck.

Also, if you are somebody who wants to settle abroad. Then, this might be one of the career option you can chose.

CFA or Chartered Financial Analyst Salary In India

Banking Industry is one of the highest paying industries in the World. The salary of a CFA Charter in India increases with work experience. A CFA Charter in India with about 10+ years of experience can earn a minimum of ₹50,00,000 annually. In addition, CFA Charter can start working after clearing level l only. For instance, KPO offers a handsome salary to Level l CFA qualified candidates. KPO stands for Knowledge Processing Outsource. Given below is an average annual income of CFA Charter in India

Level of CFA Cleared             Average Annual Salary (INR)

1                                            3 to 4.5 Lakh

2                                          6 Lakh

3                                          Above 10 Lakh

Is CFA worth in India?

CFA Charter is an excellent recognition. It is suitable for candidates belonging to Finance and Accounting background, although it can be opted by anyone from any field of study. It prepares the applicant to accomplish and excel concepts related to accountancy and finance, also help them build up the potential to grab best of job opportunity.

However, in India, not much people know about CFA Charter but it has started to gain popularity in recent times. In fact, Multinational companies across the globe are hiring CFA Charters for job roles such as Portfolio Manager, Consultant, Accountant, Auditor, Chief Executive. Also hiring as Risk Manager, Credit Analyst, Business Evaluation, Business Analyst, Asset Management. Along with this Investment banking, M & A, Corporate Banking, Wealth Management, Capital Markets, Trading Quantitative analytics and the list is endless. In addition, many opportunities are available now in India also. CFA Charters are prioritized and more preferred. In addition to this the extensive study course makes CFA Charters more knowledgeable and responsible towards their work and they are usually more skilled. So, here are some job options for a CFA Charter

  • Indian KPO’s Research – KPO stands for knowledge processing outsource.
  • Indian Brokers
  • Stock brokers
  • Wealth Management Firms

You can also read our blog on Salary of CFA in India.

Does a 2 year MBA in Finance degree equivalent to CFA Charter recognition?

The answer is a blunt, NO.

MBA in Finance basically teaches you the introduction and simple concepts of Finance using Case Studies only. Since, MBA Finance degree does not provide with any extensive study in Finance Domain. Hence, Analysts or CFA qualified individuals are highly respected and they have thorough knowledge of the respective field of study. As a result many multinational companies prefer CFA or Chartered Financial Analyst.

Conclusion

So, with this long article we hopefully covered all the topics related to CFA India. To begin with eligibility, course details, fees and syllabus. Also, we discussed different job opportunities for a CFA Charter in India and abroad.

To sum up, the course is difficult yet worthy. At Chegg India, aspirants preparing for CFA can work as Subject Matter Expert. The primary role of a Subject Matter Expert is to solve doubts asked by students outside India. It is an online platform that connects students and tutors. Consequently, students post their doubts on the portal which is solved by the subject matter experts.

So, if you are a CFA aspirant or have already qualified CFA, then you can work on Chegg India for this role. Chegg India works 24*7 for the betterment of students. Also, it is a genuine and reliable platform.

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