Career and Scope of CFA in India - Complete Guide

Introduction

CFA India Institute or the Chartered Financial Analyst Institute is a US-based institute. It offers distinguishing and productive programs. So, aspirants who want to become investment professionals take up the program. Through the examinations conducted by the institute, CFA India develops a candidate to excel in 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 concerning 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. There is no governing body for CFA India or any country around the World. Thus, the exam is solely and primarily conducted by the United States all around the globe.

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

cfa india
January 7, 2022
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Table of Contents

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 students who have finance, accounting, economics, or business backgrounds. Besides, students who have an interest in the same can also apply. CFA charter holders earn the right to use the CFA designation after having completed the program and been 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 the easiest of all. Thus, simple MCQ questions cover the entire syllabus.

CFA Level 2 –  Difficult than the Level 1 CFA. Case study based questions and MCQ based questions were asked.

CFA Level 3 –  Most challenging.

Who are eligible for CFA or Chartered Financial Analyst?

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

  • Minimum Qualification Required: Graduation or final year of an 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 cards with limit of ₹1 Lakh or ₹ 1,00,000

CFA or Chartered Financial Analyst India Selection Process

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 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 entirely merit-based.

CFA India course details

The examination has three tiers or levels.

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

Level l

Graduates in any field or students in the final year of an 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 fundamental and simple in CFA Level 1.

Also, questions are based on the syllabus, and every subject is covered. There are 240 MCQ type questions with no negative marking. Furthermore, the duration of Level l CFA India is 6 hours duration. Consequently, the examination is conducted in two slots in the morning and day, each 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 complex 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 of Level 2 CFA India is also 6 hours duration. Therefore, the examination is conducted in two slots, morning and day, each of 3 hours. 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 questions’ format changes to vignettes or simple case study-based questions. A case study will be provided, followed by 6 MCQ type questions, each with three options. The examinee is required to read the case study. Consequently, respond to the correct option concerning the case study provided. Level 2 CFA India checks the concepts and applies the data skills correctly.

Level 3

This level CFA India examination is more difficult than Level l and Level 2 CFA India examinations. Generally, questions are based on the syllabus, and every subject is covered. There are 120 MCQ type questions. The duration of Level 3 CFA India is also 6 hours duration. The examination is conducted in two slots, morning and day, each 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 responses. 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 case and interpret the scenario and write an essay.

A candidate who clears all 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, which is INR 33,010 approximately. Apart from that, each CFA level fee amounts to 650$ or INR 47,680 roughly. 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 must crack all three levels of the examination conducted by CFA Institute: Level I, Level 2, and Level 3. The CFA Level I syllabus introduces different concepts of Finance and Investment to the candidate.

The topics covered in CFA India are 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 in India and abroad. So, given below is a list of CFA jobs in India.

  • Corporate Finance – help to raise money from or 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?

Suppose you want to make a career in the stock exchange, investment or credit analysis. An aspirant needs a lot of hard work, patience, time, and money if you are 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 want to settle abroad, this might be one of the career options you can choose.

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 the average annual income of the 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 the best of a job opportunity.

However, not many people know about CFA Charter in India, but it has started to gain popularity in recent times. Multinational companies across the globe are hiring CFA Charters for job roles such as Portfolio Manager, Consultant, Accountant, Auditor, Chief Executive and 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 for their work and 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 the Salary of CFA in India.

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

The answer is a blunt, NO.

MBA in Finance teaches you the introduction and simple concepts of Finance using Case Studies only. Since an MBA Finance degree does not provide any extensive study in Finance Domain. Hence, Analysts or CFA qualified individuals are highly respected, and they have a 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 Experts. 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 the subject matter experts solve.

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

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