Chartered Financial Analyst (CFA) As A Career
Summary
A Chartered Financial Analyst (CFA) is a specialized professional who looks after financial decisions and investment policies of big companies. A Chartered Financial Analyst is a person trained in areas of management accounting, financial management and investment. Earning a CFA charter demonstrates mastery of a broad range of practical portfolio management and advanced investment analysis skills that will be a limelight for one's career. CFAsnis are in great demand in the finance sector, especially banks, financial institutions, insurance companies, and large corporations.
Career Opportunities as a Chartered Financial Analyst (CFA)
How to Become a Chartered Financial Analyst (CFA)
Stream | Graduation | After Graduation | |
---|---|---|---|
Path 1
| Clear class XII in Commerce Stream (Recommended) | Pursue bachelor’s (or equivalent) degree in any field (Preferably Finance) for 3-4 years | Take the CFA program of 4 years either after completing or during final year of bachelor’s degree. |
Important Facts
- To become a CFA candidate, one must meet one of the following criteria:
- Have a bachelor’s (or equivalent) degree,
- Be in the final year of a bachelor’s degree program,
- Have four years of professional work experience, or
- Have a combination of professional work and university experience that totals at least four years
- To obtain regular membership of the CFA Institute (after passing all levels exams), the candidate should have 4 years of professional work experience either before, during or after joining CFA program, in the investment decision-making process.
- A valid international passport is required.
- The CFA Program is offered in a self-study format and is divided into three levels of exams. The Level I exam is held in June or December and other 2 levels of exams are held in June and offered at various test centers in India like: Ahmedabad, Bangalore, Chennai, Kolkata, Mumbai, New Delhi, Pune.
Leading Institutes
Top CFA Institutes in the World
Institution | Location | Website |
---|---|---|
CFA Institute | USA | www.cfainstitute.org/pages/index.aspx |
Work Description
- Make investment decisions based on business/ industry forecasts or economic conditions through analyzing financial information
- Monitor developments in the fields of industrial technology, business, finance, and economic theory
- Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programmes
- Track fundamental economic, industrial, and corporate developments by analyzing information from multiple channels
- Recommend investments and investment timing to companies, investment firm staff, or the public
- Determine the prices at which securities should be syndicated and offered to the public
- Prepare plans of action for investment, using financial analyses
- Evaluate and compare the relative quality of various securities in a given industry
Pros & Cons of a Career as a Chartered Financial Analyst (CFA)
Pros
- A wide range of knowledge offered by the syllabus
- Enhances business finance vocabulary
- High demand and respect for individuals
Cons
- Is a demanding field and time-consuming course
- Is only an added certification, not a full-fledged career in itself
- Requires patience to clear the exams
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