A CFA is a certified investment professional who provides investment guidance and portfolio management for individuals, businesses and other organizations. These professionals can work at institutional investment firms, broker-dealers, insurance companies, pension funds, banks and universities.
For portfolio managers, one of the most common roles for CFA charterholders, a 2019 CFA Institute compensation study found a typical self-reported total compensation of US$177,000 (US$126,000 base salary).
Chartered Financial Analyst
The Chartered Financial Analyst (CFA®) Exam is administered in three levels, by the CFA Institute in over 170 cities worldwide. The CFA® curriculum prepares candidates to be effective and ethical investment management professionals.
The CFA Is the Most Prestigious Designation in Finance and Investment. First, if your goal is to invest professionally, then you are already aware of the reputation of the CFA Institute (CFAI) and its charterholders.
CFA is a good-to-go option if you already have a finance career and love your work. However, if you can still decide your career goals and are unsure about your interest in finance, you should opt for a general field like an MBA, where you can better understand corporate life.
The demand for CFA in India has increased in previous years as firms look for people with more than just quantitative skills, the need for excellent communication and presentation abilities becoming more and more important, too. The earning potential: The earning potential is around Rs 10 LPA.
The Bottom Line. Overall, the CFA exams are very difficult, but candidates can increase their chances of passing by studying for over 300 hours, utilizing alternative prep materials, answering as many practice questions as possible, and creating a structured study plan.
On average, it takes over four years to become a CFA, but if you have already met the education and/or work requirements needed to qualify for CFA Program enrollment, it is possible to become a CFA charterholder in less than two years if you pass each exam on the first try.
You can take the exam as long as you : Have a bachelor's (or equivalent) degree, or be in the final year of your bachelor's degree at the time of registration, or have four years of qualified, professional work experience or a combination of work/college experience that totals four years.
The standard registration fee for each level of the exam is $950. There is an early bird discount that drops the fee down to $650. If you register late, the fee increases to $1,380. Assuming you register on time and at the standard rate, the total cost of taking each level of the CFA exam is $3,300.
CFA certificate validity doesn't expire. After you pass Level 1, you can take your time working up to passing Levels 2 and 3. Starting the program requires either a bachelor's degree – you can begin the program 11 months before graduation – or 4,000 hours of work experience.
Candidates are permitted to take the exam a maximum of two times per calendar year (when applicable), but not in consecutive windows or windows that are six months or less apart. Candidates will have a total of six maximum attempts per exam level. This policy is in effect beginning with the 2021 exams.
around 300 hours
How Long Do I Need to Study for the CFA Level 1? CFA Level 1 takes around 300 hours of study. It is possible to finish the course in three months if you're studying full-time. However, most students take between six to eight months.
This question comes up often among candidates sitting for the CFA exams. The answer is simple: NO! The CFA exam is unlike any other exam you will take Annually, many competent professionals around the world study for the exam on their own, sit for the exam, and fail.
How To Pass CFA Level 1 Without Studying (Much)
Nov 17, 2021
The CFA Program requires you to pass three levels of exams. The curriculum is organised into ten general topic areas that provide a framework for making investment decisions.
You can't pass the CFA exams without any math. But the CFA Program might help you get better at it. Completing the CFA charter depends on how bad your math is, and how willing you are to work hard to improve it.