Scope for CFA in India
CFA is one of the most recognised courses for finance in India, with jobs in profiles such as portfolio manager, research analyst,, risk manager, corporate financial analyst, investment banking analyst, etc.
Companies such as KPMG, PwC, Deloitte, EY, JP Morgan Chase, Bank of America Merrill Lynch, Deutsche Bank, Credit Suisse, Motilal Oswal, Anand Rathi, etc all hire CFAs from Level 1 itself.
The pay packages are similar to that of CAs, ranging as a CFA salary from ₹4 to 8 lacs per annum. One common question we are asked is whether CFA Level 1 students get hired and paid? The answer is - yes, CFA Level 1 students do get hired and paid with packages ranging from ₹4 to 6 lacs per annum depending on the company and profile. A fully qualified CFA Level 3 would be paid higher in the range of ₹7 to 10 lacs per annum.
You need to fulfill anyone of the following requirements
Complete a bachelor’s program or equivalent program and have received a degree from the college/university. If you are not sure if your program is comparable, consult your college or university.
Be a final-year student of a bachelor’s program or equivalent program on the date of enrolling for the Level I exam and becoming a candidate in CFA Program. Understand that you must complete your degree program prior to the date of registering for Level II.
Have a combination of four years (or 48 months) of full-time work experience and/or college/university education on the date of registering for the Level I exam. The dates of education and professional work experience cannot be overlapping. Understand that part-time work does not qualify toward meeting the professional work experience requirement. Also understand that full-time work does not need to be investment related. Internships/articleships are accepted if they are paid and full-time. Work experience with your own business or your family business will qualify only if it is full-time, professional experience for which you are paid.
Professional Work Experience
Please note that CFA Institute may request proof of education (copy of diploma, marksheet, any other relevant documents) and/or work experience (letter of employment, salary slips, any other relevant documents) to be submitted at any stage of your journey as a candidate or even after becoming a member in order to demonstrate entrance requirements were met. Failure to provide requested documentation relevant to entrance requirements may result in cancellation of a current exam registration, withholding of exam results, voiding of past exam results, and may lead to investigation and disciplinary action by the CFA Institute Professional Conduct Program.
Program Enrolment Fee: $450 (for first-time exam registrants only)
Early Registration Fee: $700
Standard Registration Fee: $1000
Late Registration Fee: $1450