About CFA by Finstrcutor

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CFA® PROGRAM OVERVIEW Presented by: Aditya Ahluwalia www.finstructor.in

What is the CFA® exam? : 

What is the CFA® exam? Exam based on finance conducted the CFA Institute – www.cfainstitute.org Assumes no prior knowledge, starts from the very basics, takes you all the way up to the most advanced concepts over a course of 3 levels CFA Institute Mission: To lead the investment profession globally by setting the highest standards of ethics, education, and professional excellence

Exam structure : 

Exam structure The exact curriculum for each level may change from time to time as updated by the institute, but all levels are broadly centered around the candidate body of knowledge Level I exam curriculum does not change from the June to the December exam

Body of Knowledge : 

Body of Knowledge Portfolio Management InvestmentTools Asset Valuation Ethical and Professional Standards Quantitative Methods Economics Financial Statement Analysis Corporate Finance Analysis of Equity Investments Analysis of Debt Investments Analysis of Derivatives Analysis of Alternative Investments

Curriculum : 

Curriculum Developed by Candidate Curriculum Committee CCC); over 130 people involved world wide; extensive review; each level consists of 18 study sessions in CFA Institute-produced study guides http://www.cfainstitute.org/cfaprogram/courseofstudy/Pages/study_sessions.aspx

Study requirements : 

Study requirements Estimated minimum study time required per Level Level I – 15 hrs per week for 18 weeks Level II – 15 hrs per week for 18 weeks Level III – 15 hrs per week for 18 weeks Finstructor provides a comprehensive training program inclusive of classroom coaching/online lectures/ video series / mock tests and more to enable you effectively utilize your time and maximize your score on the exam Visit www.finstrutor.in for more details

Global pass rates : 

Global pass rates Finstructor is proud to claim a pass rate of above 70% for all its students across levels

Grading : 

Grading Guiding philosophy – fairness and consistency

Minimum Passing Score (MPS) : 

Minimum Passing Score (MPS) MPS for each level established by CFA Institute Board of Governors Multiple inputs (standard setting, candidate performance statistics, quality of candidate responses, etc.) used to set the MPS While the MPS is not disclosed by the CFA Institute, Finstructor recommends a score of above 70% in all our tests to be sufficient for passing the exam

Exam Fees : 

Exam Fees Level II, Level III and returning candidates do not have to pay the program enrollment fees again Exact deadlines and other curriculum options may be seen at: http://www.cfainstitute.org/cfaprogram/process/fees/Pages/index.aspx No deferral of the exam (from June to December, etc. ) or any refund of fees is permitted by the institute

Registration & Entrance Requirements : 

Registration & Entrance Requirements Entrance requirements Have a bachelor’s degree or be in the final year of your bachelor’s degree program Have a valid international passport at the time of registration Registration Enroll online at www.cfainstitute.org/cfaprogram with a valid credit card Process is simple and self-explanatory; no documents are required to be submitted

CFA® Charter Benefits : 

CFA® Charter Benefits Knowledge across core areas of the investment industry Respect and credibility in the investment community Career opportunities in a competitive environment Accepted global and portable standard of competence and integrity

Career Opportunities : 

Career Opportunities

Earning Power - The CFA Premium : 

Earning Power - The CFA Premium Median Total Compensation for CFA Institute members with 10+ years experience Source: 2003 Compensation Survey In India, the CFA Premium may vary from 30 to 50% of your current CTC. Exact compensation will also depend on other factors including work experience and soft skills $163,000 $203,000 The CFA Premium: US$40,000 Finstructor will actively assist all its students in securing a desirable career opportunity

Getting the CFA® charter : 

Getting the CFA® charter Sequentially pass Level I, II, and III exams (the toughest and most important step) Have 4 years of professional experience Submit professional conduct statement Apply for membership in CFA Institute and a local analysts’ society

FAQ : 

FAQ What is the duration of the course? Answer: The minimum time required to clear all 3 levels is 1.5 years (Dec -> June –> next June). There is no maximum time limit and candidates can appear for each level as many times as required. Exam registration fee will need to be paid every time. Program enrolment fees is not required to be paid again.

FAQ : 

FAQ Will the exams be held in India? Answer: The option to select India as a center may not be there initially. Candidates are advised to select any other center. The option to change the center to India will appear two or three months before the exam. CFA Institute still has an ongoing litigation with ICFAI but our view is that the exams will continue to be held in India.

FAQ : 

FAQ Do you need work experience in the finance field before taking the exam? Answer – Candidates need to be in their final year of graduation. No other criteria (finance background or work experience) is required to be met. We advise candidates to finish the three levels of the exam as early in their career as possible.

FAQ : 

FAQ Are there any section wise cut offs? Answer: There are no section wise cut offs and there is no additional weightage given to Ethics or any other section of the exam. If you are failing the exam by just one mark, then an additional grace mark is at times given if you have scored well in the Ethics section.

FAQ : 

FAQ I don’t have any background in finance, will I need special preparation? Answer: Finstructor’s preparation program assumes no prior knowledge of any subject related to the curriculum. All topics are taught from the basics and no part of the curriculum is left out. Read more about our programs at www.finstructor.in or request further information at info@finstructor.in | +91 99202 222792.

FAQ : 

FAQ I am working in a non-finance company (IT, manufacturing etc.), should I pursue CFA? Answer: Pursuing the CFA designation is the best way to gain the requisite skill sets and brand equity to enter the world of finance. Even if you wish to continue in your current role, the conceptual knowledge of finance will help better your overall prospects.

FAQ : 

FAQ CFA v/s MBA Finance Answer: CFA is a course dedicated to finance. In our opinion no other curriculum covers the concepts of finance and financial analysis as exhaustively as the CFA program. MBA finance braces only 20% of the overall concepts taught in CFA, it does however add knowledge of marketing, HR and other aspects of business management. Both courses should be looked at as complements rather than an either/or comparison. Both courses substantially improve your career prospects.

FAQ : 

FAQ CFA v/s FRM Answer: FRM is an exam dedicated to risk management while CFA is more holistic in its approach. It does incorporate the concepts of risk management in its curriculum, however not in as much depth as the FRM program. If you are sure that you want to work in the field of risk management (bank, portfolio risk etc. ), FRM may be the course of choice. If you wish to keep your options open and do a more holistic course, CFA should be your preferred bet. Many students pursue both designations simultaneously. The courses should again be looked at as complements rather than an either/or comparison. Both courses significantly improve your career prospects.

FAQ : 

FAQ How should I prepare for the exam? Answer: Finstructor provides a structured and comprehensive training program for all levels of the CFA program. Please watch the video detailing various modules of our coaching. Please visit us on www.finstructor.in or contact us on info@finstructor.in | +91 99202 222792 for any further information.

More information about CFA : 

More information about CFA Information Center CFA Institute 560 Ray C Hunt Drive PO Box 3668 Charlottesville, VA 22903 USA Telephone: (434) 951-5499 800-247-8132 Fax: (434) 951-5265 E-mail: info@cfainstitute.org Web: www.cfainstitute.org