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CFA
Tutions

Learn CFA

Total: 150 hrs

Achieve CFA Degree
INR. 35,000 /- Only 

Course Contents Below

Charted Financial Analyst (CFA)

Hi!

We at Finance Master Academy believe in doing things in different and unique way. So instead of sharing typical and boring information, we will make you understand your career path after doing the CFA. If you are absolutely new to CFA degree and want to know basic stuffs, you can scroll down here. Lets dive in

1. What are the career paths after doing CFA?

After doing CFA, you can get a job in any field related to investment. Naturally few of the things that are related to investment are Investment Banking, Equity Research, Portfolio Management, Hedge Funds, Private Equity, Venture Capital, etc

 

2. What salaries I get paid after CFA?

Your Salaries will depend upon the skills and experience you have. If you are fresher, remember that CFA only gives you the ticket to entry level jobs. Further, you have to perform on the job to ensure your career growth. The key skill required when you do investment related job is Financial Modelling. To learn more about Financial Modelling you can click here.  Just to answer your question about salaries, if you are fresher, anything about INR 6 lakhs p.a. can be considered as very good salary. With experience your salaries can go upto INR 10 lakhs to INR 15 lakhs in India. If you get employed in foreign country, they will pay you salary according to their country standards of entry level jobs

3. Is there experience requirement like Charted Accountancy?

No. There is no compulsory articleship type requirement with CFA to appear and pass all the examinations. That gives you added advantage to get the degree within 2 years of passing your Graduation like Bcom or BAF or BMS. Even you can pursue MBA and do the CFA and give your career much needed boost. This is one of the prime reason for the popularity of CFA degree

4. What does the a day in the life of Investment Banker looks like?

A typical day in the life of investment banker looks like below.

6.30 am: Wake up fast and quickly get ready

7.00 am:  Work on the presentation and financial model which you were supposed to complete yesterday but could not complete

8.00 am: Working on the finishing touches, update the stock prices of yesterday and send the presentation and financial model to Senior VP for his review. Move to office

9.00 am: Senior checks the details asks you to change some numbers which can affect all the output of the financial model and presentation and practically you end up doing the presentation and model again

9.30 am: On arrival of office, Senior VP gives you another company to perform M&A analysis. However gives you time upto today end of the day to complete as you have Debt Refinance meeting today at 11 am

10.00 am: You call OLA/UBER and move on with your laptop and printouts with Senior VP at Clients Place. On the way to client’s office, you discover that you have forgotten to email the presentation and financial model to your collegue who was making pitch book for another M&A deal and the VP is running amok for  this

11.00 am:  You attend client meeting and answer all the questions by the client and your Senior VP. While on silent mode, your phone is getting continuous calls from your collegue whom you have forgotten to email . You manage to find 10 mins while in meeting and send the presentation and model urgently for your collegue to make pitch book.

1.00 pm: You move out with your Senior VP for another meeting and while on the way you update the numbers again. While doing this you keep getting calls from your collegues about the model of M&A you have made and keep answering queries.

2.00 pm:  You reach for another meeting… this time its with bank

3.00 pm: You are hungry but you have another meeting to attend at 3 so you move on with your Senior VP  and reach to another meeting with Steel Client.

4.00 pm: Finally you get time to relax and eat some snacks/lunch/whatever you may want to call and then you headback to your office

5.00 pm: you reach office and make minutes of the meetings, circulate to the clients and Senior VP and start writing emails to different teams who are involved with the deal . You also answer queries from the Investors in the deal  you had proposed few days back

6.00 pm: You start working on the new M&A model which your Senior VP has proposed to you during the day as the deadline is naturally today

9.00 pm: You finish your model and head home. While on the way you keep getting calls of your boss and collegues

10.30 pm: You are exhausted and finally you rest. But even at rest, you still dream about that Big Fat Bonus Paycheck you will receive if the deal is done 😊 and you keep smiling. That’s the reward you get for all the hardwork and believe me Investment Banking bonus are fat bonus. Your spouse start feeling happy too when she sees you smiling in dream 😊

5. Whats the growth prospects in my career?

Unless you are unfortunate soul like those in Lehman Brothers during 2008, you should be taken cared off very well. You will be respected, pampered and asked to throw parties. You will dress well and look like eloquent gentlemen. You will wear expensive watches, clothes, shoes, etc. Your life will take a turn like never before

 

I hope I have answered few of the less known facts about CFA career. If you are eager to take this exciting journey, lets connect and we shall plan out your career today.

Few More FAQs for Eager Soul as below

course contents

Ethics - 15%
FRA - 15%
Equity - 11%
Fixed Income - 11%
Quantitative Methods - 10%
Economics - 10%
Corporate Finance- 10%
Portfolio Management - 6%
Derivatives - 6%
Alternatives - 6%

FREQUENTLY ASKED QUESTIONS (FAQ)

 

Chartered Financial Analyst (CFA) Frequently Asked Questions

1. How old is CFA Certification?

The Journey of CFA starts with establishment of the Financial Analysts Federation (FAF) in 1947. So the  journey of CFA Institute and  its certification is 67 years old.

2. What does CFA stands for?

CFA is an acronym for Chartered  Financial Analyst.

3. Who offers CFA?

The Chartered  Financial Analyst (CFA) Program is a professional credential offered internationally by the American-based CFA Institute (formerly the Association for Investment Management and  Research, or AIMR

4. Is CFA an academic degree like MBA or B.E?

The CFA Charter is a professional credential and  is not an academic degree. The concept behind it, as well as the  method by which  candidates are  being examined, is very different from  other postgraduate qualifications, especially the  academic Master’s and PhD Degrees typically  offered by Universities.

5. How difficult is CFA exam?

It is widely  considered the  most difficult test on Wall Street with fewer than  20 percent of successful candidates passing all three exams on their  first try. The level of the  content of the CFA Program has been recognized by the United Kingdom NARIC as being comparable in level to a QCF Level 7 (master’s degree).

6. How many CFA’s are there globally?

As of April 2014, the  CFA Institute has about 122,664 members in 145 countries around the  world.

7. If I do CFA from India will it be different from CFA from  USA or CFA from  China? 

CFA is a truly global certification unlike some other professional certifications like CFP and  CWM. CFA tests are administered globally on the same day, so a candidate whether he is from  US, India, Europe or China  will be appearing for the  same test. So there is no difference between a CFA Charter holder whether he is from USA, India or from  China

8. Does CFA have regulatory recognition?

Regulatory bodies in 19 countries recognize the CFA charter as a proxy for meeting certain licensing requirements.

9. How is becoming a CFA Charter holder compared with MBA ?

For becoming a CFA Charter holder one has to clear three rigorous exams, each exam requires on an average 300 hrs of preparation. It is regarded by employers and regulatory body as a Grade A certification with its rigour being compared to that  of an Ivy league MBA (Top 10 B-schools globally)

It is one of the most ideal  add-on certification for an MBA Grad

10. What is the target audience for CFA?

Target audience is quite varied and  majorly consists of

 

  1. People working in BFSI.
  2. People working in Investment/stock research firms.
  3. People working in KPO
  4. Students from premium B-schools
  5. People working in I.T
  6. Engineers
  7. Chartered Accountants /CSs/ICWAs/CFPs and  others have professional qualifications

10. How many exams I have to clear to become a CFA?

For becoming a CFA chartered holder one  has to clear  three CFA exams(Level 1 , Level 2 and  Level 3)

11. What is the duration of CFA exams?

Duration of CFA exam is 6 hours. It is broken into 3 hours of morning session then a break and  then 3 hours of afternoon session.

12. When are CFA exams conducted?

CFA Level 1 is conducted in month of June and  December every year. CFA Level 2 and  Level 3 are  conducted in the  month of June every year.

13. How many years does it take to clear all three levels?

Minimum time  required is two and  half years and  on an average a candidate takes four years to clear  all three exams.

14. How many hours of self-study does it take to clear each level?

Preparation times varies as per  candidates back  ground but on an average for each level a candidate require 250-300  hrs of study.

15. In which cities is CFA exam conducted?

CFA exams in India are  conducted in following cities:

Bangalore, Kolkata, Mumbai, New  Delhi, Ahmedabad, Chennai and Pune

16. What are  the  topics that  are  covered in CFA? CFA covers following topics:

Ethical and Professional Standards,  Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Portfolio Management, Equity, Fixed Income, Derivatives, Alternative Investments

17. Are all CFA exams objective?

CFA level 1 and  level 2 are  objective, while CFA level 3 is questions based.

The Level I exam consists of multiple choice questions

The Level II exam is composed of item  set questions

The Level III exam consists of item  set and  essay questions

18. What marks do I have to score to pass CFA Level exams?

CFA does not have a passing cut-off  and  candidate that  clears CFA, clears on basis of relative scoring that  he gets among candidates.

19. What is the passing percentage of CFA Exam  takers?

CFA passing percentage varies from  year  to year  and  it varies from  35%  to 45%

20. What are the  key points that  a candidate must do to be successful? Following are  the  key areas the  candidate should work on:

1. Start early

2. Cover 100 % of CFA curriculum.

3. Attend all lectures and pre lecture sessions

4. Take  up all mock  tests and  solving all sample questions

5. Self-study

6. Scoring well on key areas namely ethics and FSA

21. Are books provided by CFA-Institute?

Yes CFA institute provides books, they  are  provided in either in E-Book format or physical format.

22. Is there any short-cut/professional pathway/ challenge status for CFA?

No there is no challenge status or professional path way for CFA , everyone has to clear all three levels.

23. I am a CA/CS/ICWA/FRM/CFP/PHD will I get any exemptions?

No there are  no exemptions under CFA for any professional certifications.

 

24. I want to pursue further education once I complete CFA , can I do it?

More  than  125 distinguished colleges and  universities around the  world  have incorporated a majority of the  CFA Program curriculum into their  own  courses, including the  University of Oxford’s Saïd  Business School; New York University; INSEAD; Peking University and  Nanyang Technological University.

Also various other courses like Actuaries, Certified  quantitative finance certifications have given  exemptions and  benefits to CFA charter holders.

25. What are  the  CFA program requirements?

To qualify  for the  award of the  CFA charter, the  CFA Institute has these requirements:

 

  • Pass the  sequence of three exams, referred  to  as CFA Level  I, CFA Level  II,  and CFA Level  III.  These are  administered  once a  year,  during  the  first weekend  in June( expect CFA level  1 which  conducted twice).  A candidate can  take  only  one exam per  year.  You can  only  take  the  next  level  exam after  passing the  previous level  exam.  This means that  it will take  you  at  least  three years to  pass all the exams
  • Have  a bachelor’s (or equivalent) degree, or be in the  final year  of your  bachelor’s degree program at the  time  of registration, or have 4 years of professional work experience, or have a combination of professional work and  college experience that  totals at least four years. Part-time positions do not  qualify,  and  the  4 year total  must be accrued prior  to enrollment
  • Fulfil CFA Institute membership requirements which  include membership in CFA Institute as well as a CFA Institute Member Society Chapter 
  • After becoming a charter holder, the  candidate must comply with the  CFA Institute’s policies and  other requirements.
  • Have  a valid international travel passport (required for enrollment and  exam registration)

26. How do I register for the CFA exam?

Registration for the  CFA program requires that  you fill out an application form.  You can register online at  https://www.cfainstitute.org/cfaprogram/process/Pages/index.aspx  or obtain the  registration form  and  send it in. This form  can  be requested from  the  CFA Institute and  is also available at http://www.cfainstitute.org/about/forms/Pages/index.aspx.

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