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Chartered Financial Analyst is also known as C.F.A is a 2 years course minimum. The average of the CFA course is 3 to 4 years old. The candidates need to clear all three levels of the CFA course. For admission as a Chartered Financial Analyst, the candidate should be a graduate of any graduate. Candidates can seek admission for CFA level 1 in their graduation final year. The Chartered Financial Analyst does not have an entrance examination.
The course fees of the CFA in India are between 1,90,000 – 5,86,000 and the average salary of a CFA without a Chartered Accountant degree can range between 4,00,000 – 20,00,000. After the degree, the candidates will place in top companies like JP Morgan, PwC, HSBC, PBC, Earnst and young, etc.
CFA Exam details
CFA Highlights
CFA Highlights
Information regarding the CFA course
| Course Type | International Degree |
| Course Name | Chartered Financial Analyst |
| Course Duration | 1.5 – 4 years |
| Admission | Based on the Merit List |
| Course Fees | INR 1,90,000 – 5,86,000 |
| Salary After Graduation | INR 3,50,000 – INR 35,00,000 |
| Eligibility | Graduate |
| Top Colleges | National Institute of Management Mumbai, IMS ProSchool Pune, Centre for Financial Management, and many more |
| Job Positions | Chartered Financial Analyst, Business Consultant, Market Research Analyst, Investment Manager, Portfolio Manager, Private Banker, Risk Manager, CFO |
| Entrance Exam | No Entrance Exam |
| Course Specialization | Fundamentals of Investment tools, valuing assets, portfolio management, wealth planning |
CFA: Eligibility Criteria
CFA: Eligibility Criteria
The eligibility criteria for the BBM Course for getting admission to colleges are as: -
- Candidates who have passed bachelor's from any stream are eligible to apply for the course.
- The candidates must have an international passport.
- Candidate must be fluent in English
- Candidates must have the 4000-hour work experience before applying for the Level 1 exam.
- Candidates who are in their final year bachelor’s course are also eligible to apply.
- However, those who are applying for the level 2 exam, have to complete their bachelor's.
- Candidates need to submit a professional compliance statement.
TOP 20 CFA Colleges in India
TOP 20 CFA Colleges in India
The top 20 colleges in India for the BBM course are:
| COLLEGE NAME | ELIGIBILITY | TOTAL FEES | AVERAGE SALARY |
| Global Centre for Entrepreneurship and Commerce (GCEC), Jaipur | Students must have graduated from a recognized university. If the student is a final-year graduate student filling the Level 1 course, then he/she is eligible. | 4.36-5.42 L | 4-5LPA |
| Narayana Business School, Ahmedabad | Graduate from a recognized university | 3.12 L | 5.5 LPA |
| International College of Financial Planning, New Delhi | Graduate from a recognized university | 1.80 L | 4 LPA |
| Central Indian Institute of Management Studies, Jabalpur | Graduate from a recognized university or hold an MBA degree | INR 32,500 | 1-2 LPA |
| Shri Chiman Bhai Patel Institute of Professional Training - [CPIPT], Ahmedabad | Graduate from a recognized university | INR 65,336 | 2-3 LPA |
| International College of Financial Planning, Kolkata | Candidate must be a 10+2 passed out from a recognized board. | INR 40,000 | 4 LPA |
| Indian Institute of Business Management and Studies – IIBMS, Mumbai | Graduate from a recognized university | 1.28 L | 1-2 LPA |
| International College of Financial Planning, Lucknow | Graduate from a recognized University | INR 40,000 | 4 LPA |
| G.D Goenka, Gurugram | Graduate from a recognized University | 3.0 L | 2 LPA |
| Bennett University, Noida | Graduate from a recognized University | 3.60 L | 2-3 LPA |
| International College of Financial Planning, Chennai | Graduate from a recognized University | INR 40,000 | 4 LPA |
| International College of Financial Planning, Mysore | Graduate from a recognized University | INR 40,000 | 4 LPA |
| IMS Pro School, Pune | Graduate from a recognized University | INR 20,000-40,000 | 2-3 LPA |
| IMS Pro School, Connaught Place, New Delhi | Graduate from a recognized University | INR 20,000 – 40,000 | 2-3 LPA |
| IMS Pro School, Hyderabad | Graduate from a recognized University | INR 20,000- 40,000 | 2-3 LPA |
| National Institute of Management, Mumbai | Graduate from a recognized University | INR 40,700 - 2.46 L | 2 LPA |
| IMS Pro School, Andheri West, Mumbai | Graduate from a recognized University | INR 32,000- 40,000 | 2-3 LPA |
| Financial Planning Academy, Borivali West, Mumbai | Graduate from a recognized University | 3.5 L | 7 LPA |
| IMS Pro School, Chennai | Students must have graduated from a recognized university. If the student is a final-year graduate student filling the Level 1 course, then he/she is eligible. | INR 32,000-40,000 | 2-3 LPA |
| IMS Pro School, Bangalore | Graduate from a recognized University | INR 20,000-40,000 | 2-3 LPA |
TOP 5 CFA Colleges in Mumbai
| College Name | Eligibility | Total Fees | Average Salary |
| Indian Institute of Business Management and Studies – IIBMS, Mumbai | Graduate from a recognized university | 1.28 L | 1-2 LPA |
| National Institute of Management, Mumbai | Graduate from a recognized university | INR 40,700 - 2.46 L | 2 LPA |
| IMS Pro School, Andheri West, Mumbai | Graduate from a recognized university | INR 32,000- 40,000 | 2-3 LPA |
| Financial Planning Academy, Borivali West, Mumbai | Graduate from a recognized university | 3.5 L | 7 LPA |
| Corporate Bridge Academy, Mumbai | Graduate from a recognized university | INR 15,000 | 2-3 LPA |
CFA Cutoff: LAST 5 Year’s Comparison
CFA Cutoff: LAST 5 Year’s Comparison
The cutoff list of the CFA course is given below: -
| YEARS | OVERALL | LEVEL 1 | LEVEL 2 | LEVEL 3 |
| MAY 2022 | 42% | 38% | - | 49% |
| FEBRUARY 2022 | 39% | 36% | 44% | - |
| NOVEMBER 2021 | 37% | 27% | 46% | 43% |
| AUGUST 2021 | 29% | 26% | 29% | 42% |
| JULY 2021 | 22% | 22% | - | - |
| MAY 2021 | 36% | 25% | 40% | 42% |
| FEBRUARY 2021 | 44% | 44% | - | - |
| 2020 | 52% | 49% | 55% | 56% |
| 2019 | 45% | 41% | 44% | 56% |
| 2018 | 43% | 43% | 45% | 56% |
CFA Examination
CFA Examination
There are a total 3 levels which are required while clearing the CFA Exam i.e. Level1, Level2,Level 3:
- Level 1: For clear the Level 1 candidates should need to follow the CFA curriculum and give themselves enough time to read the materials shared by the institute.Here are some resources candidates have listed as being most helpful for their exam preparation:
- CFA Program curriculum
- CFA Institute learning ecosystem (LES)
- CFA Institute online mock exams
- CFA Program approved prep providers
- CFA Program curriculum end-of-reading practice problems
- Study groups
Level 2: Candidates who wants to clear the Level 2 should need to clear the Level 1 and after that they need to focus on the topics wise exam weights and need to start their preparation according to that:
| CFA Level 2 Core Curriculum Topics | Exam Weight | Suggested study hours | Suggested study weeks |
|---|---|---|---|
| Equity Investments | 10% to 15% | 36 | 3 |
| Ethical and Professional Standards | 10% to 15% | 24 | 2 |
| Financial Statement Analysis | 10% to 15% | 36 | 3 |
| Fixed Income | 10% to 15% | 36 | 3 |
| Portfolio Management and Wealth Planning | 10% to 15% | 36 | 3 |
| Alternative Investments | 5% to 10% | 18 | 1.5 |
| Corporate Issuers | 5% to 10% | 24 | 2 |
| Derivatives | 5% to 10% | 18 | 1.5 |
| Economics | 5% to 10% | 24 | 2 |
| Quantitative Methods | 5% to 10% | 24 | 2 |
| Mock exams and review | 24 | 2 | |
| Total | 300 | 25 |
Level 3:
Level 3 is a final level for clearing the CFA Exam. So candidates should need to be focused now as things are a bit difficult as compared to Level 1 and Level 2.
CFA VS CA Course Comparison
CFA VS CA Course Comparison
| Particulars | CFA | CA |
| Duration | 1.5 – 4 Years | 4-5 Years |
| Course type | Management | Management |
| Application | Theoretical | Theoretical |
| Universities offer the course | CFA Institute | ICAI |
| Internships | Compulsory | Compulsory |
| Average fees in universities | 1.90 – 5.86 Lakhs | 50 INR-3.0 Lakhs |
CFA Future Scope
CFA Future Scope
The Chartered Financial Analyst is an aspiring or practicing investment professional which will help the candidates to gain knowledge and skills in this highly competitive industry. In this 1.5 to 4 years course, the candidates will learn about investment tools, valuing assets, portfolio management, and wealth planning. This course will help the candidates to demonstrate their expansive knowledge and skills and value the evolving industry. Salary may differ from course to course.
| Particular | Details |
| Average Salary | INR 6,00,000 – 8,00,000 LPA |
| Highest Package | 51 LPA |
| Job Profiles | Chartered Financial Analyst, Business Consultant, Market Research Analyst, Investment Manager, Portfolio Manager, Private Banker, Risk Manager, Chartered Financial Officer |
| Top Recruiter | JP Morgan and Co, HSBC, Credit Suisse, Deloitte, PwC, Ernst and Young, Hindustan Unilever Ltd, The Goldman Sachs Group Inc, Crisil, ICRA, SBI Bank, Reliance Industries Limited, Axis Bank, HDFC Bank, Emami Agrotech Ltd, ITC, ICICI Bank, Aditya Sun Life, Bharti Airtel, Citigroup |
| Higher studies after BBM | ESG, Certified ESG Analyst (CESGA), CFA ESG Investing Certificate, Certificate in Climate and Investing (CCI), Sustainability & Climate Risk (SCR), Chartered SRI Counselor (CSRIC) CFP, MBA. |
CFA FAQs
CFA FAQs
Q1. Does the candidate get a break between session 1 and session 2 of the CFA Level 1?
Yes, the candidate will get an optional break between session 1 and session 2 of the Chartered Financial Analyst Level 1 exam.
Q2. Which course is harder CFA or CA?
It depends upon the students, as some of them find Chartered Financial Analyst easier while some of them find CA an easier subject.
Q3. What do you mean by CFA?
The full form of the CFA means Chartered Financial Analyst. A charter is a professional credential bestowed by the CA institute on financial and investment professionals. They have to complete all the levels as well as have to complete internships.
Q4. Is MBA better than CFA?
MBA course is about knowledge for running a business organization. CFA course gives knowledge regarding investment management and financial accounting.
Q5. Does the candidate require mathematics for CFA?
Yes, the candidate will require mathematics for CFA exams. The candidates should have knowledge of mathematics and statistics which will be needed in the chartered financial analyst course.
Q6. Does the candidate need a passport for CFA registration?
Yes, the passport will be required for the Chartered Financial Analyst registration.
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