Introduction To CFA Course Details
The following article provides an outline for CFA Course Details. CFA (Charted Financial Analyst) is an internationally recognized post-graduation program designed for finance, investment, economics, and business. The degree is offered by the CFA Institute, USA and because of this, there are lots of opportunities across the world in the field of finance. To secure this degree, aspirants need to clear 3 levels of exam which usually takes around 2 years minimum. There is no compulsion of attending college for studying, aspirants can study on their own, pass the exam, and can get the degree.
It is to be noted that the CFA course is different from CA (charter accountant) course. CA focus on vast topics of finance, accounting, tax, etc. but CFA focuses on limited topics but with considerable depth, and also in some of the cases CA person can be replaced by CFA. Considering the success ratio of CA which is around 15-20% compared to CFA which is 40%, the latter one is better. Because of these 2 points, the demand for CFA courses is increasing day by day.
Key Takeaways
- CFA (Charted Financial Analyst) is a renowned program offered by CFA Institute, the USA for the field of finance. The course consists of 3 levels, passing which the degree will be awarded. The pass percentage of the course on average is 40%.
- The CFA exam is conducted twice a year for the same level which makes a minimum of 1.5 years of duration to complete all exams.
- CFA exam consists of 10 core subjects which will be common in all 3 levels. The difficulty of the exam increases with the level and also the expectations from the aspirants.
CFA Course
- It is divided into 3 levels of 10 core subjects which is common in all levels.
- There is no entrance exam for applying for the course/exam however, aspirants need to have a graduation degree.
- The course fee for CFA varies from institution to institution, country to country. It varies from 40,000 to 1.5 Lakh.
- It takes approximately 2 years to complete the course.
- CFA institute will charge a $450 one-time payment as an enrollment fee during registration.
- CFA institute will charge $700 each as an exam fee for all 3 levels.
- The major advantages of course are:
- Huge opportunities around the globe in the field of finance
- Good carrier path
- Globally certified degree
- Great knowledge in finance
- Good salaries
- Equal value to CA and MBA in many fields
- Top recruiter prefers to have CFA over CA, MBA, analyst as they are the combination of 3
- Can think of entrepreneur options as financial advisor
- Chance to work in giant companies in high profile jobs
- Flexible timings for study
CFA Exam Dates
CFA conducts the exam twice a year which makes a minimum of 1.5 years to clear from the exam point of view.
| Level Of CFA | Date | Description |
| Level 1 | 16th Oct 2021 | Rescheduling deadline |
| Level 1 | 16-22 Nov 2021 | CFA exam level 1 date |
| Level 2 | 26th Oct 2021 | Rescheduling deadline |
| Level 2 | 26-30 Nov 2021 | CFA exam level 2 date |
| Level 3 | 23rd Oct 2021 | Rescheduling deadline |
| Level 3 | 23-25 Nov 2021 | CFA exam level 3 date |
CFA Syllabus
The 10 core subjects of CFA are:
- Quantitative methods
- Ethical and professional standards
- Financial statement analysis
- Equity investments
- Portfolio management and wealth planning
- Corporate issuers
- Fixed income
- Alternative investments
- Economics
- Derivatives
The syllabus for all 3 levels will be the same only the difficulty and the exam pattern will vary.
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