CFA Training

Training is considered as the best method of preparation. Be it a competition, an interview or an examination, a trained candidate is assumed to perform way better than the rest.

CFA TrainingTo keep up with the growing need to perform many aspiring CFA candidates look for the right training to crack the CFA examinations. And with the emergence of right training and its benefits to the candidates, the CFA Institute has initiated a collaboration venture with over forty institutions across the globe offering the right training for the CFA program.

With over 75% of syllabus meeting the CFA curriculum, the aim of these training institutions is to make the students familiar with the style and pattern of the CFA examinations.

To ensure the standards in quality, the CFA Institute closely monitors the courses offered by the partner institutions.

The CFA Institute has 136 society members all over the world of which 86 society members are in America, 16 in Asia Pacific and 34 in Europe, Middle East and Africa. All the society members focuses towards providing their respective countries with the best financial and investment experts.

In total of 150 countries world wide there are 1,73,000 distinct candidates that are waiting to be CFA charter holders and 95,735 candidates that already are CFA charter holders. Such figures give a very clear picture of the seriousness people have shown in undertaking the training for the CFA program and how it will continue to attract such a large numbers from around the world.

Tips to Pass CFA Exam

Examinations not just tests our knowledge but also tests that how well we understand the concepts, how can we implement them to get desired outcome and how to turn real-life scenarios in our favor by depending upon the studied principles.

CFA ExamFrom a very long time examinations mark the end of a single phase of learning and declare a person capable of advancing to further levels of education.

The aim of a student taking an examination is to score and score handsomely and to get to this aim a student has to follow an organized set of rules. But this organized set of rules become hard to maintain when one aims for CFA examinations.

Being touted as hard to get through, the CFA examinations have earned a reputation of their own. But like most examinations the CFA examinations can be tamed easily if the preparation is kept according to the needs.

The 3 key needs to pass the CFA examinations are:

  1. Get Organized: Well begun is half done and a good beginning makes a good ending, if we just take notice of the above two lines then we can very well judge the importance of initiating early. Start with the studies well before six months to get the best out for the examinations.
  1. Effective Study Program: An effective study program takes the entire burden out and ensures a smooth sail towards examinations.
  1. Review: After finishing with the studies, the next important thing is to get a review done. Make points of importance. Solve practice papers to get used to the pattern and ultimately prepare for the best.

CFA Institute

CFA Institute is a global, not-for profit association of investment professionals. It is headquartered in United States of America at Charlottesville, Virginia, with offices in Hong-Kong and London.

CFA Institute awards the Chartered Financial Analyst (CFA) designation. Apart from this the institute publishes the Financial Analyst Journal, founded in 1945 and also operates the CFA Institute Centre for Financial Market and the Research Foundation of CFA Institute.

CFA InstituteEmerging from a vast time-line of 85 years, the CFA Institute has a long list of happenings before it:

In 1925, an organization of investment analyst founded the Investment Analyst Society (IAS) in Chicago. Similar organizations sprung-up elsewhere starting with the New York Society of Security Analysts (NYSSA) in 1937.

In 1947, the organizations merged to form an umbrella organization the National Federation of Financial Analysts Society (NFFAS). As more societies formed, they too joined the national organization.

In 1959, the member societies voted to form the Institute of Chartered Financial Analysts (ICFA) for providing the CFA certification.

The National Federation of Financial Analysts Society (NFFAS) later became Financial Analyst Federation (FAF) and remained as an umbrella organization.

In 1999, two organizations the Institute of Chartered Financial Analysts (ICFA) and the Financial Analyst Federation (FAF) merged together to form Association for Investment Management and Research (AIMR).

In 2004, the Association for Investment Management and Research (AIMR) voted to change its name to CFA Institute.

The CFA Institute’s mission and vision has brought it to the top.

Its mission is: To lead investment professional globally by setting the highest standards of ethics, education and professional experience.

Its vision is: Fair and efficient global financial markets.

CFA Institute in India

The Institute of Chartered Financial Analysts of India (ICFAI) established in 1984 is a non-profit society that came with an objective of providing training in finance and management. However, due to some disputes over functioning and curriculum ICFAI broke all its working relationships with CFA Institute and since then have been working as a separate functioning body.

CFA Institute in IndiaThe Master in Investment and Financial Analysis (MIFA), the CFA program provided by ICFAI, has been designed to suit Indian finance professionals and focuses on financial analysis as applicable to investment management.

The MIFA program is divided into six groups. Each group consists of two subjects and the whole of curriculum is spread across a time-frame of 2 years:

In the 1styear, group A comprises of Financial Accounting and Economics. Group B includes Quantitative Methods and Financial Management, and group C has Financial Markets and Financial Statement Analysis.

In the 2ndyear, Equity: Analysis and Valuation, and Fixed Income Security: Analysis and Valuation makes group D. Group E is made by the inclusion of Derivatives: Analysis and Valuation, and Portfolio Management. The final group, group F, has Mutual and other Funds and Case Study as its parts.

To undertake the MIFA program from ICFAI a student must have an aggregate of 55% or 4 years of experience in finance sector.

The examinations are generally conducted on Sunday’s in January, April, July and October. The examination of each subject is of 3 hours duration.