A
blooming career option, Chartered Financial Analyst has become immensely
popular in the global finance industry. CFA program is a professional
credential offered by the CFA Institute to investment and financial
professionals. The program focuses on a variety of aspects of finance like
portfolio management and financial analysis, and provides ample knowledge of
other areas of finance. Professionalism, integrity, hard work and competence
are must haves for those looking forward in building a career in this
field. It is an ideal option for those
interested in finance and investment management, financial analysis of stock,
bonds and their derivative assets. Being good with numbers and understanding
complex issues is another plus. From being a financial analyst to investment
banker to portfolio managers or Chief Finance Officers, CFA charterholders have
a wide pool of choices.
The
future of CFA in India seems to be pretty bright in the coming years. The
demand for finance professionals in India, an emerging economy, is humongous
and many more CFAs are required to fill the gaps. In India, CFA has slowly but
prominently established itself as a lucrative career option. Though the current
number of professionals is low, it is expected to escalate in the coming years.
With the changing face of the Indian financial sector, CFA definitely is now
being considered as a serious profession. CFA exam is one of the toughest exams
to be cracked and a record number of students take the test every year. The CFA
exam is a benchmark for all those people who want to carve a niche in the field
of finance.
The CFA exam is conducted in
three stages-
Level 1 consists of multiple choice
questions,
Level 2 is tougher than the first one
and concentrates on questions related to different case studies and
Level 3 is divided into two parts and
consists of a variety of questions.
CFA
in India can be pursued from CFA Institute, US or CFA ICFAI University (India).
The degree awarded by the CFA Institute, US has international presence with it
being recognised in more than 138 countries across the globe.
Eligibility: The candidate should
possess a minimum of Bachelor’s degree and 4 years of work experience (to be a
charter). In India, CFA might be considered a course for the rich because of
its hefty fees varying from $700 to $1000 for each level exam along with
additional program enrolment fees, but it is a known fact that salaries of
finance professionals are the highest as compared with other professionals. Therefore, more and more people in India are opting
for it in order to give their careers a mega start.
Undoubtedly
it can be said that CFA is an extremely attractive course and with the advent
of globalisation, the demand for finance professionals has been increasing
rapidly. With the growth in the number of CFAs, a forward-thinking, competent
and trustworthy financial industry that effectively serves the society can be
established.
Top
recruiters of CFA’s – JP Morgan Chase, Goldman Sachs, CRISIL, HSBC Investment
Banking, Credit Suisse, other banks and investment firms.
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Posts
Lower the fees, u will definitely get more than 1 lac entries for enrollment, good luck CFA Institute.
ReplyDeletedo we have to go under internship in cfa ?????
ReplyDeleteyes, 4 years work ex is necessary if u want to get the CFA charter. But incase u r looking fer a job, companies hire even if u only clear the exams
ReplyDelete