CFA

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. 

Yes, three scholarships can be availed by the students for thw CFA programme. These are:

• Access Scholarship: This scholarship is for the students who may not be able to afford the CFA programme fee
• Student Scholarship: This scholarship is for the students who are currently attending an affiliated university
• Professor Scholarship: This scholarship is for the full-time college or university professors, administrators or department heads. 

Students who have already registered for an exam and are awaiting results will not be eligible to avail any of the above mentioned scholarships. 

There is no fixed passing marks or percentage that the candidate needs to secure to pass the CFA exam. They need to meet the minimum passing score (MPS) which is decided by the CFA institute and is very discreet. The MPS can vary from one exam window to another. While the exact MPS remains confidential until results are released, historical data and analyst estimates show that the MPS usually remains between 65% to 70%. 

Yes, a B.Sc. Biology graduate is eligible for CFA admission if you have a bachelor's degree or are in the final year. No specific field is required, but knowledge of finance and quantitative skills is helpful.

Some of the highest paid CFAs are as follows:

• Junior Analyst: INR 6 Lacs to INR 10 Lacs per year
• Chief Investment Officer: INR 40 Lacs to INR 1 crore+ per year
• Investment Banker: INR 10 Lacs to INR 30 Lacs per year
• Portfolio Manager: INR 18 Lacs to INR 40 Lacs per year