What is CFA?
CFA is a short form for Chartered Financial Analyst. CFA is a highly sought-after qualification for investment professionals all around the world. This course prepares individuals to take on the financial field of work. The CFA Institute provides a globally recognized professional certificate in Financial Management and Investment.
The CFA course is widely recognized as the world’s most prestigious and well-known qualification in finance and investment management. Candidates who take the course receive insights into the finance and investment industries in depth, which helps them to add value to their talents.
This, in turn, increases the likelihood of securing a high-paying position in finance and investment management domains of work. With the rise of industrialization and globalization, India has seen an increase in the number of CFA employment.
Candidates who pass the three levels of the tests listed below will receive certification from the CFA Institute:
- CFA Level 1
- CFA Level 2
- CFA Level 3
Exams for all three levels are given, and they include questions about Economics, Security Analysis, Accounting, and Money Management.
- The CFA test is held in June for all three levels. Furthermore, the CFA Level 1 exam is held in December.
- People who want to work in banking, corporate, or financial services will profit from the CFA course.
- Furthermore, after completing the course, individual practice becomes a possibility.
- Because CFA is a self-study program, candidates do not need to attend regular classes to finish it.
- The CFA curriculum includes both academic theory issues and practical practice that can be achieved through suitable work experience.
- The CFA course teaches applicants how to invest and make money in the stock market, industries, and businesses, as well as on an individual level.
- The Chartered Financial Analyst program is a postgraduate professional degree offered by the American-based CFA Institute to investment and financial professionals all over the world.
- The application process began earlier this year, and the level I exam is set to take place in July.
More information regarding the CFA course eligibility criteria can be found below; continue reading the article to know more details.
Eligibility for CFA Exams!
- Candidates may take the test up to two times per calendar year (where applicable), but not in consecutive or fewer than six-month intervals.
- Candidates will be permitted a total of six attempts per exam level. This regulation will be applied beginning with the 2021 tests.
- The candidate must have a bachelor’s degree or be in the last year of a bachelor’s degree at the time of registration.
- Users with four years (or 48 months) of full-time job experience and/or a college or university degree are also eligible to apply.
Finishing all of the CFA exam levels takes at least two years, providing the aspirant passes them all on the first try and in that order.
What is the Purpose of the CFA Exam?
A CFA, or Chartered Financial Analyst, is a postgraduate professional credential.
The CFA Institute, based in the United States, provides it to investment and financial professionals worldwide.
The CFA is the highest level of legal and regulatory recognition for financial qualifications worldwide.
The steps to becoming a CFA charter holder are detailed in this section.
- To become a CFA charter holder, a candidate must pass all three tiers of these graduate level assessments.
- The CFA exam must be passed by the candidate.
- The CFA Program curriculum is separated into three levels. Each level has its own examination. You must pass all three levels of the test to obtain the CFA charter.
- The following step is to complete the work experience before, during, or after enrolling in the CFA program.
- The following step is to submit reference letters. To support their membership application, an applicant must give two or three professional references.
- The CFA Program, in addition to the states, is a three-part test that includes investing techniques, asset appraisal, portfolio management, and wealth planning.
Job Roles Available!
After completing a CFA course from a reputed institute, candidates can build their careers in the financial space by pursuing one of the below mentioned courses below that can help them advance in their careers.
Students can choose from the job roles depending on their previous education, qualification, and existing skill set.
- Portfolio Manager
- Risk Manager
- Chief Executive
- Research Analyst
- Financial Advisor
- Consultant
- Accountant/Auditor
- Investment Banking Analyst
- Corporate Financial Analyst
So three were some of the important job roles offered to students after their completion of a CFA course.
Conclusion
Is the CFA Program the correct career path for me? This is a question that hundreds of individuals ask every year, and why shouldn’t it? After all, it takes a lot of money and time to join a CFA Program.
So, before committing to the CFA Program, make sure you understand what you’re getting yourself into. The information provided above must have assisted you in determining whether you are a suitable candidate for the CFA Program.
So, if you believe you have most of the above-mentioned talents (if not all) and are ready to take on responsibilities, consider CFA as it will provide you with opportunities, unlike any other qualification.
To pursue the CFA certification and pass it successfully, you must first enroll in the CFA Training Program from a recognized institute in India and that’s how you will be able to get a CFA degree in your portfolio.
We hope that this article has solved all your queries and doubts regarding the CFA level 1 CFA level 2 in CFA level 3 examinations and their eligibility criteria.
Students now have a better idea of what kind of job roles they would have in the financial domain if the go for received a CFA certification.
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