What is the scope of CFA in the current scenario of India?

manpreet Best Answer 2 years ago

CFA (Chartered Financial Analyst) is the certification provided by CFA Institute. The exam is categorized into 3 levels, based on the level of difficulty of the exam. Level I exam is held twice a year whereas Level II and Level III are held only in June. The CFA exam essentially tests your fundamental knowledge in finance domain. Anyone having a graduate degree is eligible to appear for the exam. People having degrees in domains other than finance are also eligible. These days engineers, doctors, MBAs who want their career in risk management, investment banking, opt for this exam. A lot of business schools and firms also give preference to candidates who already have certifications. Often, candidates who want to pursue a masters degree in finance, go for both CFA program charter and MBA. CFA degree is recognized worldwide by the investment banks and firms in financial services domain. Qualifying CFA program can certainly help candidates seeking a career in finance and risk management. Students also go for CFA program charter even post MBA or while doing MBA. Passing all the 3 levels could take about 3 years, to appear for each level in each year. Preparation for the exam could be pretty rigorous and demanding if you are from a non-finance background. The CFA Institute provides the following breakdown of the most common professions: 1. 5% Relationship Manager. 2. 16% Research Analyst. 3. 7% Chief Executive. 4. 7% Consultant. 5. 5% Corporate Financial Analyst. 6. 5% Financial Advisor. 7. 23% Portfolio Manager. 8. 6% Risk Manager. I hope this would suffice.