CFA
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New answer posted
5 months agoContributor-Level 9
Yes, you can pursue the CFA after a BBM (Bachelor of Business Management). The CFA programme is generally open to anyone who has a bachelor's degree or is in their final year of a bachelor's program. A BBM provides a solid foundation in business principles, which can be beneficial for the CFA program's focus on investment analysis and portfolio management.
New answer posted
5 months agoContributor-Level 10
CFA is a professional course that helps students in several ways. Some of the main reasons to pursue this course are:
- 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 the international market.
- Career Growth: CFA professionals can get a placement at high positions in the financial sector and also shape their careers by working in multi-national companies.
- Job Opportunities: The investment market is expanding rapidly. Hence, there will also be an increase in
New answer posted
5 months agoContributor-Level 9
It is not impossible but very difficult to crack any Level of the CFA exam without a Teacher's guidance. You can prepare a study timetable and follow it religiously to achieve the difficult. You'll need to stay disciplined with your study plan, practice regularly, take mock exams, use good quality study materials, and so on.
New answer posted
5 months agoContributor-Level 8
Candidates can find the comparison table below to have a general understanding of the differences between CFA and CA.
Parameter | CFA | CA |
---|---|---|
Eligibility | Undergraduate degree in any discipline with 4 years of work experience. | Class 12 with 50% marks. |
Admission Process | Registration on the CFA website. | Foundation course: Class 12 Direct Entry: Graduation |
Entrance Exam | Not required | CPT (Common Proficiency Test) |
Top Colleges | Chiranjeev Jain CA Coaching, RVM Finishing School of Finance, Benchmarx Academy, IMS Proschool | Academy of Commerce, Aldine CA, Vidya Sagar Career Institute Ltd, Nahata Professional Academy |
Course Fees | INR 1,90,000 - 5,00,000 | INR 50,000 - 1,50,000 |
Top Recruiters | SBI, ITC, JP Morgan and Co, E&T, Deloitte, Bharti Airtel, Citigroup, HDFC Bank, ICICI Bank | KPMG, Deloitte, Ernst & Young (EY), Lodha & Co., PriceWaterhouseCoopers (PWC) |
Job Profiles | Chartered Financial Analyst, Investment Manager, Portfolio Manager, Risk Manager, Equity Research Analyst | Accountants, Accounting Managers, Auditors, Taxation Experts |
Average Salaries | INR 15 LPA - 20 LPA | INR 15 LPA - 25 LPA |
The candidates, who are interested in investment analysis and portfolio management, want a global career, or are willing to invest in further exams, can opt for CFA. However, if they prefer accounting and auditing, want a strong domestic career base, and value diverse career options, they can go for CA.
Note- This information is sourced from external sites and may vary.
New answer posted
5 months agoContributor-Level 9
While ACCA is more suitable for students who love challenges and want to excel in accounting careers. CFA, on the 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 the CFA Institute, and ACCA is offered by the global body – Association of Chartered Certified Accountants.
The salary packages for both courses are highly competitive. However, CFA professionals relatively earn more than ACCA professionals.
New answer posted
5 months agoContributor-Level 9
Applicants who want to work in the financial services industry in various positions like Portfolio Managers, Risk Professionals, Financial Advisers, and so on should take the CFA certification course. The 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.
New answer posted
5 months agoContributor-Level 9
The total cost of completing all 3 levels of the CFA programme in India, including CFA exam fees, registration, and coaching, can range from INR 1.9 to 2.1 lakhs. However, it also depends on the institute you choose for CFA coaching.
New answer posted
6 months agoContributor-Level 10
CFA is not required for financial modelling. You can learn the financial modelling through different online courses that can teach the skill. However, the opposite is true. You need to have advanced financial modelling skills.
New answer posted
6 months agoContributor-Level 7
Yes, BBM graduates can enroll in CFA (Chartered Financial Analyst), which is ideal for careers in investment banking, portfolio management, and financial consulting. As the eligibility criteria for CFA programme is a Bachelor's degree or equivalent (irrespective of the discipline) and a 4,000 hours or over a minimum of 3 years of relevant professional experience.
New answer posted
7 months agoBeginner-Level 5
Yes, candidates are allowed to carry a calculator on the CFA exam day. Candidates are authorized to carry only two kinds of calculators:
- Texas Instruments BA II Plus (including BA II Plus Professional)
- Hewlett Packard 12C (including the HP 12C Platinum, 12C Platinum 25th anniversary edition, 12C 30th anniversary edition, and HP 12C Prestige)
Candidates will not be allowed to borrow the calculator from the exam centre authorities or another candidate appearing for the CFA exam. Calculator covers, keystroke cards, and loose batteries are permitted in the testing room; instruction manuals are not.
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