A CFA charter! Indeed sounds good, People who are into finance would love to be certified with a designation like that. This is one of the best courses for the ones who want to make a career in finance. CFA (Chartered Financial Analyst) program is a four-year professional diploma that includes the concepts of firm areas of finance such as investment management, equities, quantitative analysis and so many more. There are several best CFA coaching in Mumbai that can help you to grow in the field of finance. You can search for some of the best coachings in Mumbai on the internet.
This exam is known to be one of the toughest exams in finance. About 9-10% of people manage to clear this exam even after hardcore study. Now, if these things make you more curious about knowing things you need to do clear this exam, then you are in the right place… we will help you to know each and everything about the CFA exam. There are basically three levels of this exam which are mandatory to give and pass.
Necessitates of a CFA charter holder is given below:
1 Passing all the three levels of the CFA exam
2. There is an average score that is needed to clear the exam. You should have at least 48 months (4 years) of experience in work in the field of finance.
3. You should have to become a member of the CFA Institute.
4. You should have to follow the CFA Institute code of ethics and standards of professional conduct.
The eligibility of the CFA charter certification is:
1 You should have an international passport.
2. An undergraduate education-bachelors degree or equivalent. You can register for the exam in your final year too.
3. Four years of work experience is essential.
CFA exam has mainly three levels namely, level 1, level 2, level 3.
1 Level I CFA: This level focuses on asset tools that include focussing on comprehension and knowledge. It mainly has 240 multiple choice questions (MCQ) that you need to complete within 3 hours. This level has no negative marking for wrong answers. You can give this exam twice in a year (June and December).
2. Level II CFA: This level focuses on investment valuation that includes focussing on analysis and applications. It has a total of 120 multiple-choice questions (MCQ). This session also has no negative marking. You can give this exam in June.
3. Level III CFA: This level focuses on portfolio management that includes focussing on evaluation and synthesis. It has about eight to twelve types of questions conducted in the day time and has 10 multiple choice questions (MCQ). You can give it in June.
Summary: If you are planning to work as CFA then here is an advice for you my friend, Roll your sleeves as this is one of the difficult exams you have ever given in your life. The difficulty level of the CFA exam is pretty much hard and difficult to pass. In this blog, we have listed all the essential things you need to know about CFA.
Author: Its concepts is a coaching institute that offers training for all levels of CPA, FRM, and CFA. we believe in making each and every concept clear to our students in order to make them successful in their exams.
