What is CFA ?
Stands for Chartered Financial Analyst. It is one of the highest distinctions in the investment management profession. It is considered as the Gold standard for the investment industry, recognised all over the world.
What is the qualification required to do CFA ?
You should be maximum 24 months away from finishing your graduation.
Do I have to come from commerce or finance background to do CFA ?
Not necessary. You can be a graduate from any background. Infact, many Engineers also opt for CFA.
How many subjects are there in CFA ?
Level 1 and 2 have 10 subjects; namely –
Equities,
Fixed Income
Derivatives
Alternate Investments
Portfolio Management
Corporate Issuers
Ethics
Financial Statements and Analysis
Economics
Quantitative Methods.
Level 3 –Ethics, Asset Allocation, Portfolio Construction, Performance Measurement, Derivatives and Risk Management. Candidates will also have to select one specialised pathway amongst:
Portfolio Management
Private Wealth and
Private Markets.
Is it tough to clear CFA exam ?
Yes, it is one of the toughest exam, however, with strong dedication and discipline, it can be cracked.
Is passport mandatory for giving CFA exam ?
Yes, it is not required when you register for the exam, however, it is required when you appear for the exam. It is the only accepted national identity proof to write the CFA exam.
How many hours of preparation is required for passing CFA ?
Each level requires around 300 hrs, however, it can differ based on candidate’s prior experience and knowledge.
When is the CFA exam held ?
Level 1 – February, May, August and November
Level 2 – May, August and November
Level 3 – August and November
What is the duration of the FinEx training?
Approximately 6 months, however, candidates who register early can continue to learn till they clear the exam.
What kind of questions are asked in CFA?
Level 1 – 180 Multiple choice questions (MCQs)
Level 2 – 88 MCQs with vignettes (small case studies)
Level 3 – Mixed set of essay type questions and MCQs with vignettes.
Is there any negative marks in the exam?
No negative marks for any wrong answers. So, please attempt all questions.
How can I get CFA study materials?
Once you pay the exam fee, CFA will provide you with the curriculum. Alternatively, candidates can also use the study material provided by Schweser.
Overall, how many years will it take to clear CFA?
Generally, it takes around 2.5 years it will take to complete the entire CFA Level1,2 and 3.
Is there any age limit for doing CFA?
There is no age limit for doing CFA.
How many attempts are allowed in CFA?
Each level can be attempted for maximum 6 times.
What are the career prospects after CFA?
You can work in various roles in the financial industry as a Portfolio Manager, Research Analyst, Consultant, Risk Manager, Investment Strategist, Relationship Manager, Wealth Manager, Credit Analyst, Chief Information Officer, Trader, Accountant, Financial Planning, Fund Manager, Investment Banker, Insurance advisor etc.
Can I get job after completing CFA level1?
Yes, most of the companies hire candidates even if they have completed only level1.
Why should I join FinEx Training?
1-1 Personal Mentorship
Recorded YouTube Videos
Multiple Revisions
Doubt solving sessions
Formula Derivation
Personality Development Sessions – Presentations on current affairs, Practical knowledge
Which are the companies recruiting CFA candidates ?
CFA candidates are recruited by Investment Banks like JP Morgan, Goldman Sachs, Cit, Nomura, Barclays etc. Also, CFA candidates are preferred by all financial services sectors like Banks, Equity Research firm etc.