CFA after CA is one of the most trending topics right now. Most students who have cleared the CA Exams wanted to do the CFA Course. We get queries regarding the eligibility requirement to join CFA course and Exemptions if any for CA Students. In this post, we will discuss everything you need to know about joining the CFA course after completing CA Course from ICAI. Also Refer CFA Level 1 Books and CFA Level 1 Syllabus.
CFA From India:
CFA Course can be undergone from India itself. There are two institutes offering the Degree.
- CFA Institute, US
- CFA ICFAI University
CFA Institute, USA:
In order to obtain the CFA Degree issued by US CFA Institute, once have to pass three levels of exam (Level I, LEvel II and Level III).
CFA Exam Pass Percentage
The CFA Degree Exam is one of the toughest courses. The Average Pass Percentage of the three levels is provided in the following table:
Eligibility to Enroll for CFA Course:
The Qualification and Minimum eligibility to obtain the CFA Degree is:
- A Bachelor’s Degree
- 4 Yrs Work Experince
There is no minimum work experience to appear for the exam. However, to get the CFA Certificate, you have to complete at least 4 years of work experience.
Salary after CFA
The Average Salary for the persons who have obtained the CFA Degree is as follows:
Recognition for CFA Degree
The CFA Degree is one of the widely accepted Degrees in the Corporate World. As of 2016, around 140 countries across the Globe has been accepting the CFA Degree, with very high pay packages.
CFA Vs CA Salary
Even In India, CFA is treated widely superior to a CA Degree. There is also a significant difference in pay packages between these two Courses.
CFA as a whole is concentrated towards equity research and Portfolio Management. The three levels of CFA Course covers different syllabus each.
People who wants to get indulged into Financial Advisory thing can choose the CFA Course.. You can chose CFA for Portfolio Management and am later planning to take up CFP for asset and wealth management.
CFA Exemption for CA Graduates
The CFA program doesn’t provide any exemptions to CA cleared candidates. Very few programs actually do. Refer the institute website in this regard.
CFA Job Opportunities:
CFA designation deals with sectors like Investments banking, Portfolio Management etc. You can opt for Finance manager position in Corporate. Where you can deal with Financial Management, Merger & Acquisition, IFRS, Ratio analysis and Dividend policy decision.
And also, Stock and Securities is the field which is specifically for CFAs. You can have Portfolio analysis, Equity Analysis, Derivatives, Hedging, Investment policy, Dividend policy and like that.