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CFA Program

CFA Program is a globally recognized, graduate level curriculum that provides a strong foundation of real-world investment analysis and portfolio management skills along with professional conduct requirements.

The CFA® Program has three different levels and the minimum time required to clear all the three is around 2.5 years. The CFA® curriculum equips the successful candidates with the most required skills in the global finance industry.

To become a CFA Charter:

1) Clear all 3 levels conducted by CFA institute

2) Relevant experience in the finance industry for atleast 48months

Career Opportunities

After clearing CFA levels, a candidate is eligible to work in the following industries:

  • Investment Banks (Morgan Stanley, Citibank, Edelwiess, Goldman Sachs)
  • Commercial Banks (ICICI Bank, HDFC Bank)
  • Asset Management Firms (Franklin Tepleton, UTI, Reliance Group)
  • Insurance Companies (Bajaj Allianz, Max Life Insurance)
  • Private Equity Funds (KKR, Tiger Global, Softbank, Warburg Pincus)
  • Hedge Funds (Blackrock, Ellliott Management Corporation, MAN Group)
  • Financial Institute
  • Universities
  • Credit Rating Firms (Crisil)
  • KPO (evalueserve, Amba Research)

The CFA® Program Consists of Three Levels

Level I CFA®: The Level I exams include 240 total multiple choice questions, 120 on the morning session (09:00 to 12:00) of the exam and 120 on the afternoon session (14:00 to 17:00). Each multiple choice question is free-standing (not dependent on other questions) and has three possible answers: A, B, and C. All questions are equally weighted and there is no penalty for guessing. The exam is offered twice a year in June and December.

Level II CFA®: The Level II CFA exam consists of 20 item sets — 10 on the morning session of the exam and 10 on the afternoon session. Each item set on the CFA exam consists of a vignette (or case statement) and six multiple choice items (questions). Conducted once a year only in June.

Level III CFA®: The Level III exam uses the essay format in the morning, and the item set format, with 10 item sets, in the afternoon. Conducted once a year only in June

Topics and Structure Level I Level II Level III
Ethical and Professional Standards 15% 10-15% 10-15%
Quantitative Methods 12% 5-10% 0%
Economics 10% 5-10% 5-15%
Financial Reporting and Analysis 20% 15-20% 0%
Corporate Finance 7% 5-15% 0%
Equity Investments 10% 15-25% 5-15%
Fixed Income 10% 10-20% 10-20%
Derivatives 5% 5-15% 5-15%
Alternative Investments 4% 5-10% 5-15%
Portfolio Management 7% 5-10% 40-55%
Total 100% 100% 100%

Typical Exam Day Schedule (Exact times may vary.)

Activity Morning Session Afternoon Session
Candidates begin check-in process. 8:00 a.m. 1:00 p.m.
Doors close and announcements begin. 8:30 a.m. 1:30 p.m.
Timed session begins. (Candidates must remain in the room.) 9:00 a.m. 2:00 p.m.
Timed session ends. ( Candidates must remain seated until dismissed.) 9:00 a.m. 2:00 p.m.

Deadlines for June 2018 Exams

Payment Details Program Enrollment (New Candidates only) Exam Registration Total Cost
14th February 2018 $450 (One time Charges) $950 $1,380
14th March 2018 $1,380 $1,830