Level I CFA
Introduces various topics likes equity, derivatives etc. which are eventually used for creating portfolios. Level I CFA exam is offered in June and December. It has 240 MCQs (120 questions each in the morning and afternoon sessions, in two 3 hours sessions).
Level II CFA
Emphasizes on application of various tools like quantitative analysis, portfolio analysis for doing asset valuation. Level II CFA exam is offered in June and has 120 MCQs (20 caselets with six questions each).
Level III CFA
Focuses on portfolio management and different strategies for creating specific portfolios for individuals and institutions. Level III CFA exam is offered in June and has Essay type questions and MCQs.
On the multiple-choice/item set sections, there is no penalty for wrong answers.
For the test, only two models of calculator are allowed (the Hewlett Packard 12C including the HP 12C Platinum), and the Texas Instruments BA II Plus (including the BA II Plus Professional).
The Chartered Financial Analyst (CFA) Program is a professional credential offered internationally by the American-based CFA Institute.
The program covers a broad range of topics relating to investment management, financial analysis, stocks, bonds and derivatives, and provides a generalist knowledge of other areas of finance.
A CFA charterholder is recognized as the one of the highest professional qualification in the field of finance around the world.
Normally, CFA charters are paid between $100,000 – $50,000 in international market, where as in India average salary is between INR 800,000 to INR 2,000,000.
CFA Program recognizes a wide range of study areas and thus earning it a professional can display his or her own expertise on the same. Scope of CFA covers various sectors and most prominently, banks, industries, finance markets and technology sector. All these industries value the finance sector within their business and consider CFA certification as a valid credential to demonstrate one’s skills on the same.
Asset Management Firms
Credit Rating Firms
Organizations like JP Morgan Chase, Bank of America, Citibank may also sponsor fees for their employees pursuing CFA.
CFA Member Profiles
Corporate Financial Analyst
Investment Banking Analyst
|Topic Area||Level I||Level II||Level III|
|Ethical and Professional Standards||15||10-15||10-15|
|Financial Reporting and Analysis||20||15-20||0|