If you’re passionate about finance and dream of a career in investment management or financial analysis, the Chartered Financial Analyst (CFA) program stands as a beacon of excellence. This prestigious certification, offered by the CFA Institute, is recognised globally for its rigorous curriculum and high standards. Let’s delve into the CFA course details along with the CFA course syllabus, gain knowledge of what each level entails, and learn how you can navigate the CFA syllabus successfully.
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CFA Full Form
CFA stands for Chartered Financial Analyst, a globally recognised professional certification offered by the CFA Institute. The CFA Institute is headquartered in the USA. This credential is highly sought after in investment management, financial analysis, and portfolio management, making it an essential qualification for finance professionals looking to elevate their careers internationally.
What Is a CFA Course?
The CFA (Chartered Financial Analyst) Program is a global professional credential offered by the American Chartered Financial Analyst Institute, a premier international association of investment management professionals.
The CFA course is one of the most reputable financial credentials, enjoying high trust and dependence among peers. The CFA Institute, with more than 60+ years of experience, is setting global standards with rigorous focus, integrity, and advanced finance and investment industry skills.
The skills and knowledge you acquire after completing the CFA course, and being thorough with the CFA syllabus, will serve you well throughout your career in finance/investment and capital markets.
Why Should You Pursue CFA? – Scope of CFA Globally
Today, over 1,78,000+ CFA Charter-holders influence business across 160+ markets globally. These charter-holders work as Portfolio Managers, Equity Research Analysts, Fund Managers, Wealth Managers, CFOs, and Risk Consultants. The CFA qualification is recognised by regulators, universities, and certification programs in over 30+ countries, including India. India has the largest number of students appearing for CFA Level 1.
CFA is a preferred qualification and a mark of distinction for more than 31,000+ employer investment firms to meet their ever-evolving needs. As per the information shared by the CFA Institute, their top 11 global employers include JPMorgan Chase, Bank of America, Merrill Lynch, UBS, RBC, HSBC, Wells Fargo, Credit Suisse, Morgan Stanley, Smith Barney, BlackRock, and Citigroup. With newer conventions introduced in the finance domain and globalisation, the demand for CFAs will only increase in metropolitan cities like Mumbai, developing countries like India and abroad.
The CFA program has undergone several key updates. In our new video, we delve into the revised eligibility, changes in exam format, and new practical skills modules.
CFA Course Structure
The CFA course structure is divided into three levels, each designed to test different competencies in investment and financial analysis.
Level I: Focuses on basic knowledge of financial concepts, ethical standards, and investment tools. It tests understanding of core principles.
Level II: Emphasises the application of concepts, especially in asset valuation, equity analysis, and financial modelling. It requires deeper analytical skills.
Level III: Concentrates on portfolio management and wealth planning, integrating all topics to test decision-making and practical application.
Overall, the CFA course structure follows a curriculum covering ethics, economics, quantitative methods, financial reporting, corporate finance, equity, fixed income, derivatives, alternative investments, and portfolio management.
CFA Course Syllabus
The CFA course syllabus is rigorous and divided into three levels, each covering various financial topics. Each level of the CFA syllabus addresses a wide range of financial topics, from investment analysis to portfolio management. Mastering the CFA syllabus is essential for candidates aiming to excel in the competitive finance industry and achieve their professional goals.
The CFA course syllabus is meticulously designed to build a strong foundation in finance, ensuring candidates grasp essential concepts at each level. As students progress through the CFA course syllabus, they encounter increasingly complex topics, which prepare them for real-world challenges. This structured approach ensures that the CFA syllabus equips candidates with analytical skills and practical knowledge, making them highly valuable to top financial firms. By thoroughly following the CFA syllabus, students gain a comprehensive understanding of investment tools, ethics, and portfolio management strategies.
Below is a breakdown of the core areas of the CFA course details covered across the three levels of the CFA all levels syllabus:
โ Ethical and Professional Standards
โ Quantitative Methods
โ Economics
โ Financial Reporting and Analysis
โ Corporate Finance
โ Equity Investments
โ Fixed Income
โ Derivatives
โ Alternative Investments
โ Choose one of three specialized pathways
โ Private Wealth, Private Markets, or Portfolio Management.
The CFA course syllabus becomes more advanced as you move from Level I to Level III, focusing on practical investment and portfolio management applications at the final level. Candidates should be prepared for intensive study of the CFA course syllabus, with each level requiring approximately 300 hours of preparation.
CFA Course Details: Understanding the CFA Program Structure
In the CFA course details, the CFA program consists of three levels, each building upon the knowledge and skills acquired in the previous level. The CFA course details provide a structured approach to mastering finance, consisting of three levels. Each level of the CFA course syllabus builds upon the knowledge gained in the previous one, as outlined in the CFA course details. Hereโs the detailed CFA course syllabus, an overview of the CFA course details and what you can expect at each stage:
Level 1: Foundation of Financial Knowledge
CFA Course Subjects Covered: Level 1 covers ten core subjects of the CFA course details, including Ethics and Professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis (FRA), Corporate Finance, Equity Investments, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management.
CFA Level 1 Syllabus: The CFA Level 1 syllabus focuses on basic concepts in finance, including ethics, quantitative methods, and financial reporting, which are essential for building a solid foundation in investment analysis. Studying the CFA Level 1 syllabus also helps students develop analytical thinking and a structured approach to financial decision-making. Mastering the CFA Level 1 syllabus equips candidates with the essential skills and understanding needed to progress confidently to higher levels of the CFA program.
Exam Format: Level 1 is a multiple-choice exam divided into morning and afternoon sessions. It covers fundamental concepts in finance and tests your understanding of basic principles. It serves as a gateway to the subsequent levels.
Level 2: Deepening Analytical Skills
CFA Course Subjects Covered:
Building upon Level 1, Level 2 dives deeper into financial analysis and valuation techniques. It includes more complex topics within FRA, Equity Investments, Fixed Income, Derivatives, Alternative Investments, Corporate Finance, and Portfolio Management.
CFA Level 2 Syllabus:
The CFA Level 2 syllabus delves deeper into asset valuation, financial reporting analysis, and portfolio management, emphasising analytical skills and real-world application essential for advanced investment decision-making. By engaging with the CFA Level 2 syllabus, candidates strengthen their ability to interpret complex financial data and apply it effectively in real-world scenarios. Completing the CFA Level 2 syllabus prepares students with the expertise and critical insight required to handle advanced investment challenges and move confidently toward the final CFA level.
Exam Format:
Level 2 introduces a mix of multiple-choice questions and item sets (also known as vignettes), which require a higher level of analysis and application of knowledge. This exam format assesses your ability to apply concepts rather than recall them.
Level 3: Mastery of Portfolio Management
CFA Course Subjects Covered:
Level 3 focuses extensively on portfolio management and wealth planning. Topics include advanced portfolio management techniques, asset allocation, risk management, derivatives for hedging purposes, and ethical and professional standards in investment management.
CFA Level 3 Syllabus:
The CFA Level 3 syllabus centres on portfolio management and wealth planning, integrating ethical practices with advanced investment strategies, and preparing candidates for leadership roles in finance and investment management. The CFA Level 3 syllabus emphasises applying theoretical knowledge to practical scenarios, allowing candidates to design effective investment solutions. By completing the CFA Level 3 syllabus, students gain the strategic insight and professional judgement needed to excel in senior finance and advisory positions.
Exam Format:
Level 3 is a culmination of the CFA journey, combining multiple-choice and constructed response (essay) questions. This level emphasises integrating and applying knowledge across various finance domains, preparing candidates for real-world investment scenarios.
Specialised Pathways:
Starting in 2025, the CFA Level III exam will offer specialised pathways in Private Wealth, Private Markets, and traditional Portfolio Management. Each pathway includes a common core curriculum, supplemented by content specific to the chosen path, allowing candidates to tailor their studies to align with their career aspirations. This new structure provides a more targeted and relevant learning experience while maintaining the comprehensive investment management principles central to the CFA Program.
CFA Level 1 Fees
The CFA Level 1 fees vary depending on the registration period. There are two registration deadlines: early and standard. Early registration is the most affordable, while standard registration incurs higher costs. Candidates must also pay a one-time enrollment fee when signing up for the CFA program. Overall, planning and registering early can help reduce the overall CFA Level 1 fees.
CFA Level 2 Fees
The CFA Level 2 fees are similar to Level 1, with a tiered fee structure based on when candidates register. Those who plan ahead and register early will benefit from lower fees. The total cost for CFA Level 2 fees can increase if candidates opt for standard registration, so enrolling as early as possible is advisable to save money.
CFA Level 3 Fees
The CFA Level 3 fees follow the same structure as the previous levels, with early and standard registration options. Candidates who register early can secure a lower fee, while late registrations will lead to higher costs. Additionally, candidates need to account for study materials and exam preparation costs, which add to the total CFA Level 3 fees.
CFA Level 3 Syllabus
The CFA Level 3 syllabus is heavily focused on portfolio management and wealth planning. The CFA syllabus includes topics like asset allocation, performance evaluation, and investment strategies. The CFA Level 3 syllabus requires candidates to demonstrate a deep understanding of how to apply financial concepts to manage portfolios effectively, making it the most application-focused exam of the CFA program.
CFA Course Duration
The CFA course duration typically spans several years, depending on how quickly a candidate passes each level. On average, candidates take about 3 years to complete the entire program. The CFA course duration for each level varies, with candidates often dedicating several months to studying for each exam. Factoring in registration windows and study time, the CFA course duration can be a long-term commitment but ultimately rewarding for those seeking advanced financial credentials.
CFA Course Eligibility
To enrol in the CFA course, candidates must meet specific educational and professional CFA course eligibility in India, beginning from their undergraduate studies through to graduation and beyond. The CFA course eligibility in India is as follows:
Level I Exam:
Undergraduate students with at least 23 months remaining in their undergraduate studies can register and take the CFA Level I exam.
(Eg, A student inย 3-year graduation program can Register in their 1st Year for level 1 exams and take an exam when they are in the 2nd year of their graduation).ย
Itโs essential to verify your CFA course eligibility at this stage to ensure you can meet all requirements.
Level 2 Exam:
Students can only take the Level II exam if they are within 11 months of their graduation.
(Eg, Aย 3-year graduation programme student can Register in their 2ndย Year for level 1 exams and take the exam when they are in the 3rdย year of their graduation).
Confirming CFA course eligibility for this level helps in planning your exam schedule properly.
Level 3 Exam:ย
To meet CFA course eligibility for this level, ensure that you have completed your undergraduate degree before attempting the Level III exam.
CFA Course Details After 12th
Although students cannot directly enrol in the CFA course after the 12th, they can start planning by choosing relevant undergraduate programs. A finance-related degree like a B.Com, BBA, Economics, or Finance degree is recommended but not mandatory. Understanding the CFA course details after 12th helps aspirants align their academic choices with the skills and knowledge required for the programme. Early awareness of these CFA course details after 12th allows students to focus on subjects and internships that strengthen their foundation for future CFA exams.
Eligibility:ย Graduation or final-year students can apply.
Recommended preparation:ย Bachelor’s in Finance, Economics, Business, or related fields.
CFA Exam Format:
Level 1ย โ MCQ Multiple choice questions
Level 2ย – Vignette-supported (Case Study Based) multiple-choice questions
Level 3ย – Vignette-supported (Case Study Based) essay and multiple choice questions
CFA Level-wise topics weightage:
Exam Topic Area Weight Across Levels | ย | ย | ย |
Subjects | Level 1 | Level 2 | Level 3 |
Ethical & Professional Standards | 15 – 20 | 10- 15 | 10- 15 |
| ย | ย | ย | ย |
Quantitative Methods | 6-9 | 5-10 | 0 |
Economics | 6-9 | 5-10 | 5-10 |
Financial Statement Analysis | 11-14 | 10-15 | 0 |
Corporate Issuers | 6-9 | 5-10 | 0 |
Equity investments | 11-14 | 10-15 | 10-15 |
Fixed Income | 11-14 | 10-15 | 15-20 |
Derivatives | 5-8 | 5-10 | 5-10 |
Alternative Investments | 7-10 | 5-10 | 5-10 |
Portfolio Management and Wealth Planning | 18-12 | 10-15 | 35-40 |
Specialised Pathways: (Level 3 only)(Choose Anyone) | ย | ย | ย |
1. Portfolio Management | – | – | 25-35 |
2. Private Markets | – | – | 25-35 |
3. Private Wealth | – | – | 25-35 |
CFA Course Fees in India
The CFA course fees in India depend on the registration period and the exam level. The CFA course fees in India include enrollment fees, exam fees, and additional costs for study materials. Budget accordingly. Here’s a breakdown of the approximate costs of CFA course fees details:
Early Registration:ย Approximately โน80,000 (around $990)
Standard Registration:ย Approximately โน1,07,000 (around $1,290)
Additionally, there is a one-time enrollment fee of approximately โน33,000 (around $400) when registering for the Level I exam. For the most accurate and updated fee structure for CFA course fees in India, it is advisable to check the CFA Institute’s official website or contact authorised learning partners for the most recent CFA fees in Indian rupees.
CFA Pass Percentage
The CFA pass percentage varies for each level of the exam. Historically, the pass rate for Level I ranges from 35% to 45%, Level II has a pass rate of about 40% to 50%, and Level III has a pass rate of around 50% to 55%. These percentages fluctuate based on global performance trends each year.
CFA vs CA
CFA vs CA can be broken down in terms of scope, recognition, and focus:
Aspect | CFA (Chartered Financial Analyst) | CA (Chartered Accountant) |
Duration | 2.5 to 3 years | 4 to 5 years (including Articleship) |
Global Recognition | International (USA) | Primarily India, some recognition abroad |
Core Focus | Investment, Portfolio Management | Taxation, Auditing, Corporate Finance |
Primary Career Path | Financial Analyst, Portfolio Manager | Auditor, Accountant, Tax Consultant |
Course Structure | 3 Levels, progressively harder | 3 Levels + Articleship |
Job Roles | Asset Management, Financial Research | Auditing, Corporate Accounting, Taxation |
If you wish to work in the global financial sector, the CFA offers international career opportunities, while the CA credential is more region-specific and particularly valued in India.
CFA or CA: Which is Better?
Choosing between CFA or CA depends on your career goals. CFA is ideal for global finance, investment banking, and asset management careers. On the other hand, CA is better suited for auditing, taxation, and corporate accounting, especially within India.
Key Considerations for Success
Understanding the CFA course details and navigating through the CFA course syllabus and CFA levels requires dedication, strategic preparation, and a thorough understanding of the exam structure:
Ethics Emphasis:
Ethics is a cornerstone across all three levels, reflecting the importance of integrity and professional conduct in finance. Understanding the CFA course details related to ethical practices is crucial, as it underscores the commitment to maintaining high standards in the industry.
Progressive Difficulty:
Each level increases in complexity, with Level 1 focusing on foundational knowledge, Level 2 requiring deeper analysis and application, and Level 3 emphasising integration and strategic decision-making. Familiarising yourself with the CFA course details for each level will help you navigate the progressive difficulty effectively.
Exam Preparation:
Utilize official CFA Institute materials, mock exams, and practice questions to familiarise yourself with the CFA course details exam format and timing. Develop strong time management skills, especially for the item sets and constructed response questions in Levels 2 and 3.
Professional Relevance:
The CFA designation is highly respected in the finance industry. It opens doors to investment banking, asset management, hedge funds, and more career opportunities. It demonstrates your commitment to excellence and proficiency in financial analysis.
Exam Logistics and Timeline
Exam Frequency:ย
– Level 1 exams are held four times a year (February, May, August, November)
– Level 2 exams are held three times a year (May, August, November)ย
– Level 3 exams are held two times a year (February and August).
Refer to the CFA course details for specific dates and registration deadlines.
Pass Rates:ย Historically, Level 1 has the lowest pass rate, with Levels 2 and 3 showing higher rates due to fewer candidates and more experienced test-takers.Reviewing the CFA course details related to pass rates can provide valuable insights into the challenges and expectations at each level.ย
10 year average pass rates (From 2015-2024)
Level 1 | 40% |
Level 2 | 45% |
Level 3 | 52% |
Scoring: CFA exams are scored using a percentile system, emphasizing relative performance compared to other candidates rather than a fixed passing score.
Career Impact and Opportunities
Earning the CFA charter signifies academic achievement, a commitment to continuous learning, and ethical practices in finance. It enhances your credibility as a financial professional and increases your marketability in a competitive job market.
Conclusion
Embarking on the CFA journey is a significant commitment that promises rich rewards in terms of knowledge, career advancement, and professional recognition. Whether you’re just starting with Level 1 or progressing through Levels 2 and 3, thorough preparation and dedication will pave the way for success.
Prepare diligently, review this guide by Synthesis Learning on CFA course details, CFA course eligibility, stay focused on your goals, and leverage your resources to excel in the CFA exams. Each level brings you closer to becoming a Chartered Financial Analystโa distinction that opens doors to limitless opportunities in finance.
Studying the CFA Course with Synthesis Learning
Atย Synthesis Learning, we are dedicated to helping you succeed in the CFA course. Our students achieve top All India and World Ranks, demonstrating our dedication to excellence. With our carefully tailored coaching in Mumbai and online platforms, we ensure our students are well-trained to ace the exams. Hereโs why studying with us can benefit you:
Flexible Learning Modes:
We offer offline classroom in Mumbai, live online classes across India, and self-paced learning options to fit your schedule and style.
Expert Tutors:
Learn from experienced professionals who guide you through every step of the CFA curriculum.
Proven Methodology:
Our 4-step approachโCounseling, Coaching, Mentoring, and Placementโensures comprehensive support throughout your CFA journey.
ย
1. What are the CFA course fees for all three exam levels?
The CFA course fees in India vary based on the registration period: Early Registration is approximately โน80,000 ($990), and Standard Registration is around โน1,07,000 ($1,290). Additionally, there is a one-time enrollment fee of approximately โน33,000 ($400) when registering for the Level I exam.
2. How is the CFA program different from CA?
The CFA (Chartered Financial Analyst) program focuses on investment management, financial analysis, and portfolio management, emphasising ethics and professional standards. In contrast, the CA (Chartered Accountant) qualification, typically offered by national institutes like ICAI in India, focuses on accounting, auditing, taxation, and financial management. The CFA is internationally recognised, while the CA is more region-specific.
3. How is the CFA Program different from CIMA?
The CFA program is geared towards investment management and financial analysis, while the CIMA (Chartered Institute of Management Accountants) certification focuses on management accounting, strategy, and risk management. CFA is preferred for investment banking and portfolio management careers, whereas CIMA is ideal for management accounting and business strategy roles.
4. What is the duration of the CFA course?
The CFA program typically takes at least three years to complete, with each level requiring about six months of preparation. Candidates must also accrue 4,000 hours of professional work experience, which can be completed before, during, or after the exams.
5. What are the career opportunities after completing the CFA?
CFA charter holders can pursue roles such as Portfolio Manager, Equity Research Analyst, Fund Manager, Wealth Manager, CFO, and Risk Consultant. Top financial institutions worldwide recognise the qualification, including JPMorgan Chase, Bank of America, Merrill Lynch, and BlackRock.
6. Can the CFA course be completed online?
Yes, the CFA course can be studied online. Many providers, including the CFA Institute, offer extensive online resources, including study materials, practice exams, and virtual classes to support candidatesโ preparation.
7. How can I find more information about the CFA course details?
You can visit the official CFA Institute website for comprehensive CFA course details, including enrollment information, study resources, and exam schedules. For Indian candidates, Synthesis Learning also provides detailed guidance on the CFA course structure in India, covering exam levels, updated fees, and preparation strategies.
8. What are the CFA course fees in India?
The CFA course fees in India typically range from โน4,00,000 to โน4,,50,000, including registration, exam fees, and study materials.
9. What is the pass percentage for the CFA exam?
The pass percentage varies per level, ranging from 35% to 55%, with Level III typically having the highest pass rate.
10. Is there a specific age requirement for CFA course eligibility?
No, there is no age requirement for CFA course eligibility. As long as you meet the educational or professional experience criteria, you can register for the CFA exams at any age.
11. How do I verify my CFA course eligibility?
You can verify your CFA course eligibility by reviewing the requirements outlined on the CFA Institute’s official website. They provide detailed information about the educational and professional criteria needed to enrol.
12. Where can I find the CFA course full details?
You can find the CFA course full details on the official CFA Institute website, which provides comprehensive information on each level, registration processes, and recommended study materials.
13. What options are available for the CFA course in India at Synthesis Learning?
We offer the CFA course in India, which includes online and in-person classes. We also provide structured programs and resources to help students prepare for the exams.
14. How do I enroll in a CFA Level 1 online course at Synthesis Learning?
To enroll in a CFA Level 1 online course at Synthesis Learning, visit our website. If you have any questions, feel free to call us at [ +91 82917 03707].
15. What are the overall CFA course fees in India?
The CFA course fees in India depend on the registration level and the timing of your enrollment. Early registration offers the lowest fee, while late registration incurs higher costs. The overall CFA course details include exam fees, a one-time enrollment fee, and study material costs. The CFA course syllabus for each level is designed to provide in-depth knowledge across key financial topics and investing fees worthwhile for advancing your career.
16. What is the CFA course duration, and how long does it take to complete all levels?
The CFA course duration typically spans 2.5 to 4 years, depending on how quickly a candidate clears each level. Most students spend an average of 6 months preparing for each exam. Factoring in exam schedules and professional experience requirements, the overall CFA course duration becomes a multi-year commitment.
17. Can I pursue the CFA course directly after 12th grade?
No, direct enrollment into the CFA course is not permitted after Class 12. However, students can begin planning early by pursuing finance-related undergraduate degrees. The CFA course details after 12th include choosing relevant fields like B.Com, BBA, or Economics to build a foundation before registering for the CFA Level 1 exam.
18. What are the main CFA subjects covered in the curriculum?
The CFA subjects are structured across three levels, including Ethical and Professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Equity Investments, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management. These CFA subjects become progressively more advanced with each level.
19. What is the CFA course fees in India after 12th, and how should one plan?
While students cannot enroll immediately after the 12th, early planning is beneficial. The CFA course fees in India after 12th include a one-time enrollment fee of around โน33,000 and exam fees of โน80,000 to โน1,07,000 per level, depending on the registration window. Students can start saving and preparing financially during their undergraduate years.
