Information about CFA (Chartered Financial Analyst)

What is CFA?

• CFA is a very renowned and demanding course for students interested in financial markets, stock markets, capital markets, and trading.
• This is a US-based program and is called Chartered Financial Analyst.
• Pursuing CFA opens opportunities for good global-level jobs and high packages.

Structure of CFA Exam

1. Level 1

   • Consists of easy to medium level MCQ questions.
   • Passing rate is about 40%.
   • Conducted four times a year.

2. Level 2

   • Slightly tougher and based on case studies.
   • Passing rate is about 40%.
   • Conducted three times a year.

3. Level 3

   • Case study-based questions along with some theory.
   • Passing rate is about 40%.
   • Includes 7 subjects.

How to prepare for CFA?

• E-books and Study Materials: E-books and physical books are available on the CFA website.
• Coaching Classes: Companies like Zelle Education provide coaching which also aids in placement.

Opportunities after CFA

• Portfolio Management: Opportunities in top enterprises for portfolio management.
• Roles: Profiles like investment banking, equity researcher, trading.
• Companies: Morgan Stanley, Barclays, JP Morgan, etc.
• Government Jobs: Opportunities in companies like NSE, BSE, CRISIL.
• Packages: Average of 6-18 lakhs per year.
• Future Scope: Possible to reach 40-50 lakhs in five years.

Cost of CFA

• Registration Fee: 450 USD (one-time)
• Each Exam Fee: 940 USD (early bird), 1250 USD (regular)
• Total Cost: Up to 2.5-3 lakhs INR (for all levels)

CFA and Other Courses

• Combining CA with CFA is great and can be an alternative to an MBA.
• Doing CA + CFA increases the likelihood of high packages.
• Only consider an MBA from IIM (ABC) or FMS.

Conclusion

• If you are interested in financial markets and enjoy practical knowledge, then CFA is right for you.