US-based CFA institute has decided to hold its exam in India, thus, bringing relief to many Indian chartered financial analysis (CFA) candidates who had to go abroad to write the test.
Demand for CFAs in India:
Graduate in any stream can become a finance professional after clearing three levels of the CFA exam. This course is done through self-study or distance mode and is gaining attention in India these days. India already has the fourth highest number of CFA students after US, China and Canada and the number is growing. Our developing economy has huge demand for chartered financial analysts to lay hands on greater financial expertise.
About CFA Exam:
- Level-I of the CFA exam is conducted globally twice a year, in months of June and December.
- Levels-II and III are administered only once a year in June. A CFA student can gain 4 years of mandatory experience at any level in the finance industry i.e. before, during or even after the exams.
Why Pursue CFA:
You can become a finance professional even after doing an MBA or MSc in Finance but CFA is different. It is a certification that entitles you to become the member of a global association of finance professionals. The unique feature of this course is that it is administered, governed and controlled by professionals and not academicians and earnestly focuses on ethics.
Studying CFA:
It is usually a part time or correspondence degree course with various coaching as well as certification courses also available. Some of the colleges imparting CFA certification and degree courses are:
-ICFAI University: Chartered Financial Analyst (2 year part-time degree)
-SobtisPro Institute: International CFA (4 months full-time certification)
-Arihant Institute Pvt. Ltd.: Global CFA (6 months full-time certification)
-Magnus School of Business: CFA Program (3 years full-time degree)
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