What is CFA?: Course Fees 2026, Subjects, Top Colleges, Admissions

Updated on Dec 17, 2025 10:43 IST
Parul Thapa

Parul ThapaAssistant Manager

CFA full form is Chartered Financial Analyst. This course is taken by candidates who wish to get the designation. CFA is a globally recognised degree which teaches investment and financial management. Candidates who want to have a career in Finance can choose this course. The conducting body for CFA is CFA Institute.

One becomes a CFA after passing CFA exams which are divided in Level 1, 2 and 3. If we talk about eligibility generally, candidates should have a UG degree and over 4,000 hours or 3 years of relevant professional experience. Fees can range around INR 2.65 lakh to INR 4 lakh which includes fees for exam, coaching and also extra study tools/resources. 

After passing exam, one can become Chartered Financial Analyst, Investment Banker, Portfolio Manager, etc. Candidates can work in Corporate Banking, Equity, Risk Management, etc.

CFA Latest Updates:

CFA 2026 Registrations (Level 1 & 2 May) started;apply till 12 Feb '26

 

CFA Course Details

Candidates can see table for detailed information about CFA below - 

Particulars Details
CFA Full Form Chartered Financial Analyst

CFA Conducting Body

CFA Institute

CFA Eligibility in India

  • UG degree
  • 4,000 hours or 3 years of relevant professional experience
  • Pass CFA exam
CFA Course Duration

3 - 4 years

CFA Course Fees

INR 1 Lakh to INR 3.5 Lakh

CFA Colleges/Coaching Institutes in India

Financial Planning Academy, IMS ProSchool, Narayana Business School, ICOFP Delhi, etc.

CFA Levels of Exam

CFA Level 1, CFA Level 2 and CFA Level 3

CFA Subjects Ethical and Professional Standards, Economics, Quantitative Methods, Investments, etc.
CFA Job Profiles Chartered Financial Analyst, Investment Banker, Portfolio Manager, Equity Research Analyst, Risk Manager, etc. 
Starting CFA Salary INR 6 LPA - 12 LPA
CFA Job Sectors Corporate Banking, Equity, Risk Management, Research, etc.
CFA Top Recruiters Deloitte, ICICI, SBI, HDFC, Bharti Airtel, etc.

Note: The info is taken from other sources and can be different.

 

 
Q:   What is CFA full form?
A:

CFA full form is Chartered Financial Analyst. It's a professional certification degree which teaches students about investment analysis and other topics on finance.

CFA is offered by CFA Institute which is a US organization.

CFA degree - 

  • Provides students with skills and knowledge to advance their careers in Finance
  • Prepare students for today's finance market
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Q:   What is a CFA course?
A:

CFA was earlier known as Association for Investment Management and Research, CFA Institute (AIMR). Through its tests and certifications, CFA Institute ensures that there are financial experts who have a high standard of excellence. CFA Institute offers an Investment Foundations Program and a Certificate in Investment Performance Measurement.

CFA curriculum comprises both academic theory topics, as well as, field practice which can be obtained via relevant work experience. CFA course helps candidates gain knowledge on investing and making money in stock market, industries, companies, and also at an individual level. 

CFA full form in Commerce is Chartered Financial  Analyst a programme that equips students to be successful and moral working professionals. CFA curriculum contains chapters on finance and related topics including Economics, Financial Report Analysis, Private Equity, Derivatives, Alternative Investment opportunities, Portfolio Management, Wealth Planning, and so on.

After passing CFA exam for three-course levels, one is designated a CFA or Chartered Financial Analyst. fees of CFA course vary from INR 11,000 to INR 3.5 lakh.

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Q:   Do I need a passport for CFA registration?
A:

Yes you need a international travel passport to register for CFA exam.

Passport needs to be original without any scope for falsification ans make sure it is not expired. Your credentials should be same as given on your CFA Institute account.

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Table of contents
  • CFA Eligibility & Admission Process
  • CFA Exams
  • CFA Syllabus
  • Best CFA Colleges
  • Popular Private CFA (Chartered Financial Analyst) Level 1,2 & 3 Colleges in India
  • CFA Career Scope: Jobs & Recruiters
  • CFA FAQs
  • Popular CFA (Chartered Financial Analyst) Level 1,2 & 3 Specializations
View More

CFA Eligibility & Admission Process

If candidates wish to become a CFA and want to sit for the exam, they must first check if they are eligible for it or not. Failure of fulfilling the eligibility will lead to cancellation of candidature.

Candidates can see a general outline of the CFA eligibility below - 

  • Have UG degree. Candidates who are in the last year of their UG course can also apply. 
  • Work experience of 4,000 hours or 3 years during registration.

Note: The info is taken from other sources and can be different.

 

CFA Admission Process

Applying for CFA exam online includes many steps. Candidates can see a general outline of the process below - 

  • Go to CFA Institute website and make an account
  • Register for exam by filling the form
  • Pay fees for registration
  • Select the date and schedule your exam 
  • Sit for them and pass all the levels

 

 

Q:   Who is eligible for CFA?
A:

If candidates wish to become a CFA and want to sit for the exam, they must first check if they are eligible for it or not. Failure of fulfilling the eligibility will lead to cancellation of candidature.

Candidates can see a general outline of the CFA eligibility below - 

  • Have UG degree. Candidates who are in the last year of their UG course can also apply. 
  • Work experience of 4,000 hours or 3 years during registration.

Note: The info is taken from other sources and can be different.

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Q:   How do I register for CFA exam?
A:

Follow steps mentioned below to learn how to fill out CFA application form.

  • Visit official website of CFA institute
  • Click on application link or copy https://login.cfainstitute.org/LoginApplication.
  • Create a login account with candidate’s email ID.
  • candidate will be asked to enter their name, email ID, and password, and enter a security question.
  • After they’ve created an account, they can log in and fill up form.
  • They can pay enrollment fee online through Credit cards: American Express, Diner’s Club, Discover, JCB,  MasterCard, UnionPay, or Visa
  • CFA registration fee can also be paid offline through wire transfer, ACH, check money or postal orders. Receipt of payment of fees will be emailed to candidates.
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CFA Exams

Candidates should pass CFA exam which have three levels which are Level 1, 2 and 3 to become a certified CFA. Each level has different syllabus and requires different preparation.

Candidates can see table below for exam details. 

Exams

Exam Dates

Exam Schedule

CFA 2026

29 Jan ' 26 - 02 Feb ' 26 - CFA 2026 February Level 3 Exam

02 Feb ' 26 - CFA 2026 February Level 1

18 May ' 26 - CFA 2026 May Level 1 Exam

19 May ' 26 - 23 May ' 26 - CFA 2026 May Level 2 Exam

18 Aug ' 26 - 24 Aug ' 26 - CFA 2026 August Level 1 Exam

11 Nov ' 26 - 17 Nov ' 26 - CFA 2026 November Level 1 Exam

CFA Exam Date

Note: Info is taken from other sources and can be different.

 

 

Important Exam Dates

DatesUpcoming Exam Dates
To Be Notified

URAT PG 2026 Application Process (Phase 1)

TENTATIVE
To Be Notified

URAT PG 2026 Course-Wise Answer Keys

TENTATIVE
To Be Notified

URAT PG 2026 Exam Dates

TENTATIVE
Jan ' 26

SPSAT 2026 application form date

TENTATIVE
Sep ' 26

SPSAT 2026 exam date

TENTATIVE
To Be Notified

AMU Entrance Exam 2026 Online Registrations for BA LLB (with late fee)

TENTATIVE
To Be Notified

AMU Entrance Exam 2026 Online Registrations for BA LLB

TENTATIVE
DatesPast Exam Dates
Jul ' 25

LUACMAT Counselling

12 Jul ' 25

LUACMAT Exam Date

03 Mar ' 25 - 09 Jul ' 25

LUACMAT Registration

Q:   Which are the best books to refer for CFA exam preparation?
A:

Candidates can prepare for the CFA certification course by reading many reference materials which can be seen mentioned below -

Name of Books

Authors

Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions

Pearl and Rosenbaum

2021 CFA Level I

Kaplan Schweser

Strategic Value Investing: Practical Techniques of Leading Value Investors

Stephen M. Horan, Robert R. Johnson and Thomas R. Robinson

When Genius Failed: The Rise and Fall of Long-Term Capital Management

Roger Lowenstein

The Cartoon Guide to Statistics

Larry Gonick and Woollcott Smith

CFA Level I

Bhupesh Ananad

The Handbook of Fixed Income Securities

Frank J. Fabozzi

Note - Info is taken from other sources and can be different. 

CFA Syllabus

The CFA syllabus for all 3 sections is same. Difference lies in weightage given to each topic at a particular exam level.

The CFA Level 1 syllabus, along with Levels 2 and 3, includes academic theory taught at three levels, field practice earned via employment experience, and equipping applicants with a professional and ethical foundation. Candidates understand advanced investing characteristics as well as the ethics of portfolio management.

The CFA subjects teach finalists how to make financial decisions in stocks, industries, businesses and on an individual level. The table below mentions the CFA course syllabus along with the topic weightage in the exam.

 

CFA Level 1 Syllabus

Candidates can see CFA Level 1 Syllabus below -  

CFA Level 1 Syllabus

Weight Given in CFA Level 1

Ethical and Professional Standards

15-20%

Quantitative Methods

8-12%

Economics

8-12%

Financial Statement Analysis

13-17%

Corporate Issuers

8-12%

Equity Investments

10-12%

Fixed Income

10-12%

Derivatives

5-8%

Alternative Investments

5-8%

Portfolio Management and Wealth Planning

5-8%

Note: The info is taken from other sources and can be different.

CFA Level 2 Syllabus

Candidates can see CFA Level 2 Syllabus below -  

CFA Level 2 Syllabus Exam Weightage
Quantitative Methods 5 - 10%
Economics 5 - 10%
Financial Reporting and Analysis 10 - 15%
Corporate Issuers 5 - 10%
Equity Valuation 10 - 15%
Fixed Income 10 - 15%
Derivatives 5 - 10%
Alternative Investments 5 - 10%
Portfolio Management 10 - 15%
Ethical and Professional Standards 10 - 15%

Note: The info is taken from other sources and can be different.

CFA Level 3 Syllabus

Candidates can see CFA Level 3 Syllabus below -  

CFA Level 3 Syllabus Exam Weightage
Asset Allocation 15 - 20%
Portfolio Construction 15 - 20%
Performance Measurement 5 - 10%
Derivatives and Risk Management 10 - 15%
Ethical and Professional Standards 10 - 15%
Pathways (Portfolio Management or Private Markets or Private Wealth) 30 - 35%

Note: The info is taken from other sources and can be different.

 

 

Q:   What are the main subjects in CFA?
A:

Major subjects of CFA include Ethical and professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Equity Investments, Portfolio Management, Alternative Investments, Derivative and also Fixed Income.

You can have a look at detailed syllabus structure on official website.

Q:   How much time is needed to complete the CFA syllabus?
A:

You need minimum 300 to 350 hours to complete the CFA syllabus for each level of the CFA exam.

The exams are little difficult and there is competition because of the future career benefits that follow after the successful completion of the CFA course.

Best CFA Colleges

CFA is a tough exam so many students join coaching centres sometimes or some prepare on their own only. There are many institutes in India that provide CFA classes to students who are preparing for exam.

Candidates can see these institutes below - 

Institutes Fees (NR)
EduKart.com  16,000
IMS Proschool, Bangalore 20,000 - 40,000
IMS ProSchool, Pune 20,000 - 40,000
ICICIdirect Centre For Financial Learning 28,500
Miles Education 35,400

Note: The info is taken from other sources and can be different.

 

16 K
20 K - 40 K
35.4 K
20 K - 40 K
20 K - 40 K
20 K - 40 K
Q:   What is the fees of CFA in India?
A:

The avg. CFA fee in India can be between INR 11,000 to INR 3.5 Lakh.

Around 52 CFA institutions are there in India. Some popular ones are Financial Planning Academy, IMS Pro School, etc. are some best options. 

Popular Private CFA (Chartered Financial Analyst) Level 1,2 & 3 Colleges in India

16 K
20 K - 40 K
35.4 K
20 K - 40 K
20 K - 40 K
20 K - 40 K

CFA Career Scope: Jobs & Recruiters

Demand for CFA graduates is growing rapidly in both domestic and foreign markets. Chartered Financial Analyst syllabus is extensive and prepares applicants for required profession through internship, training, projects, and so on. Being a CFA takes a lot of dedication because this is a constantly changing sector. A CFA is responsible for a variety of tasks, including maintenance and management of accounts, appraisals, and taxation.

CFAs are expected to work effortlessly and with full dedication. A CFA charter holder gets opportunity to pursue a plethora of career options. A Chartered Financial Analyst has benefit of working in various fields, like:

CFA Job Fields

Corporate Banking

Quantitative Analytics

Asset Management

Investment banking M&A

Derivatives

Wealth management

Private Equity

Equities

Research

Trading

Risk management

Capital Markets

Note: The info is taken from other sources and can be different.
 

 

CFA Jobs

Candidates can see job options from which candidates can choose below - 

Jobs

Avg. Salary (INR)

Investment Banking Analyst

14.9 LPA

Equity Research Analyst

10.6 LPA

Portfolio Manager

12.8 LPA

Wealth Management Advisor

4.3 LPA

Risk Management Analyst

9.8 LPA

Credit Analyst

8.7 LPA

Investment Product Analyst

13.3 LPA

Financial Analyst

6.2 LPA

Note: The salary is taken from Ambitionbox.com.

 

CFA Recruiters

Candidates can see the list below - 

Recruiters Hiring Chartered Financial Analyst

Pricewaterhouse Coopers

Bank of America

JP Morgan Chase

HSBC

Morgan Stanley

Credit Suisse

Wells Fargo

CitiGroup

RBC

The Goldman Sachs Group, Inc.

Ernst & Young

UBS

Crisil

Wells Fargo

 

Q:   What is the career scope of CFA in India?
A:

Candidates can see the job profiles that candidates can go for below: 

Corporate Financial Analyst

Investment Banking Analyst

Risk Manager

Portfolio Manager 

The skills that they have are in good demand.

Q:   Which CFA has the highest salary?
A:

After CFA, candidates can choose many jobs in the market like Junior Analyst, Chief Investment Officer, Investment Banker, etc. The avg salary they can earn can be upto INR 50 LPA.

Candidates can see some of the job options with high salary below -

JobsAvg Salary (INR LPA)

Junior Analyst

INR 6 LPA to INR 10 LPA

Chief Investment Officer

INR 40 LPA to INR 1 crore+ per year

Investment Banker

INR 10 LPA to INR 30 LPA

Portfolio Manager

INR 18 LPA to INR 40 LPA

Note: The salary is taken from Ambitionbox.com.

CFA FAQs

Interested candidates can check this section for CFA Course FAQs:

 

 

Q:   What is CFA?
A:

CFA full form is Chartered Financial Analyst. It is basically a globally recognized professional designation offered by CFA Institute (USA) formerly known as Association for Investment Management and Research or AIMR.

CFA program focuses on investment management, covering topics like:

  • Portfolio management
  • Financial analysis
  • Ethics
  • Economics
  • Accounting

It has three levels of exams (Level I, II and III) and candidates must also have relevant work experience to earn charter.

CFA is ideal for careers in investment banking, asset management, equity research, and financial consulting. It is known for its difficulty but also for prestige it brings in finance world.

Q:   What is the CFA course duration?
A:

The duration of CFA course is  3 years to 4 years. It includes completing all the 3 leavels also with a study time of 300 hours per level. 

Candidates should know that they should have a minimum of 4,000 hours of work experience completed in minimum 3 years. 

You can work while studying as well so no need to worry at all.

Q:   What are the benefits of pursuing a CFA course?
A:

CFA is a professional course that helps students in many ways. 

Some of main reasons to go for this course are below - 

  • High Pay: CFA courses can provide exposure to students and enable them to get placements at a good package. CFA experts can earn between INR 4 Lacs to INR 15 lakh annually and earn even more in international market. 
  • Career Growth: CFA professionals can get a placement at high positions in financial sector and also shape their careers by working in multi-national companies.
  • Job Opportunities: investment market is expanding rapidly. Hence, there will also be an increase in job scope.
  • Entrepreneurial Skills: CFA enables students to gain technical knowledge required in industry. People also take expert advice from finance professionals before commencing a business.
Q:   What is a better option between a CFA or an MBA if I want to enter into Investment Banking?
A:

For Investment Banking an MBA from a top school is better for getting in because it teaches students broad business skills and strong networking while CFA gives deeper and technical financial analysis skills.

Think of MBA as a business toolkit with great connections and CFA as specialized financial expertise that makes you a technical pro in finance. 

You can have a look at the table given below for better clarity -

CFAMBA
Focus on technical skills in investment analysis, portfolio management and financial markets.
Needs good business knowledge, leadership skills and strategic thinking.
Entry level analyst roles like equity research, credit analysis or portfolio management.
Broader range of roles including investment banking, private equity, venture capital or corporate finance.
Salary can reach high levels in specialised roles potentially higher in asset management.
Salary starts high but can reach even greater heights in leadership positions.
Self paced study with 3 exams over 1-2 years
2 years full time program, high tuition fees, potential scholarships.

 

Q:   Who should pursue a CFA course?
A:

Applicants who want to work in financial services industry in various positions like Portfolio Managers, Risk Professionals, Financial Advisers, and so on should take CFA certification course. Chartered Financial Analyst program also lets individuals transition from traditional studies such as BCom, MCom, and so on to a professional course that provides better career opportunities.

Candidates who aspire to become entrepreneurs or start their professions as financial advisors can also enrol in CFA certification courses.

Q:   How should I pursue CFA and CFO?
A:

CFA Program is a professional credential offered by CFA Institute to Investment and Financial professionals. To enroll in CFA Program and register for your first Level I exam, you must have: An international travel passport and one of following:

  • Undergraduate education: A Bachelor's (or equivalent) degree or be in final year of your Bachelor's degree program (you must have completed your Bachelor's degree program in order to register for Level II exam), or 
  • Work experience: Four years of professional work experience (does not have to be investment related), or 
  • A combination of professional work experience and education that totals at least four years (part-time positions do not qualify, and four-year total must be accrued prior to enrollment). 

Chief Financial Officer Qualifying Examination (CFO) Course prepares candidates for a career as a CFO. course is designed to ensure candidate can demonstrate required level of proficiency for financial reporting rules. CFO Qualifying Examination Course is available exclusively through CSI. 

Q:   Which course should I pursue to get a high salary package, ACCA or CFA?
A:

While ACCA is more suitable for students who love challenges and want to excel in accounting careers. CFA, on other hand, is a good option for students who wish to develop skills in finance, equity, and investment.
Both Chartered Financial Analyst (CFA) and Association of Chartered Certified Accountants (ACCA) are prestigious global certifications. CFA is awarded by CFA Institute, and ACCA is offered by global body - Association of Chartered Certified Accountants. 
Salary packages for both courses are highly competitive. However, CFA professionals relatively earn more than ACCA professionals.

Q:   Which is better, CA or CFA?
A:

Candidates who are interested in investment analysis and portfolio management, want a global career or are ready to invest in further exams can opt for CFA. But if they wnat accounting and auditing, want a strong domestic career base and also value wide options of career options they can go for CA.

Candidates can find comparison table below to have a general understanding of differences between CFA and CA.

ParameterCFACA
EligibilityUndergraduate degree in any discipline with 4 years of work experience.Class 12 with 50% marks.
Admission ProcessRegistration on CFA website.Foundation course: Class 12 Direct Entry: Graduation
Entrance ExamNot requiredCPT (Common Proficiency Test)
Top CollegesChiranjeev Jain CA Coaching, RVM Finishing School of Finance, Benchmarx Academy, IMS ProschoolAcademy of Commerce, Aldine CA, Vidya Sagar Career Institute Ltd, Nahata Professional Academy
Course Fees INR 1,90,000 - 5,00,000INR 50,000 - 1,50,000
Top RecruitersSBI, ITC, JP Morgan and Co, E&T, Deloitte, Bharti Airtel, Citigroup, HDFC Bank, ICICI BankKPMG, Deloitte, Ernst & Young (EY), Lodha & Co., PriceWaterhouseCoopers (PWC)
Job ProfilesChartered Financial Analyst, Investment Manager, Portfolio Manager, Risk Manager, Equity Research AnalystAccountants, Accounting Managers, Auditors, Taxation Experts
Average Salaries INR 15 LPA - 20 LPAINR 15 LPA - 25 LPA

Note: Info is taken from other sources and can be different.

Popular CFA (Chartered Financial Analyst) Level 1,2 & 3 Specializations

Following are the most popular CFA (Chartered Financial Analyst) Level 1,2 & 3 Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

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Answered 5 days ago

CFA programme is a rigorous one. Students should have a good preparation plan to clear CFA Level 2 exam. Students should devote at least 300 hours on an average for each level of the CFA exam

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