Complete Guide to CFA

CA Ayush Agarwal (Kolkata-Pune-Mumbai) (27186 Points)

16 December 2010  

 

CFA is a Chartered Financial Analyst. This profession is a highly respectable profession and those who practice CFA are given very respectable position and are considered to be very intellectual person who can offer guidance and support for every company.

Pursuing the course of CFA requires a successful passing of CFA exam which is a graduate level exam offered by CFA institute.  There are basically three levels to qualify as CFA and these are CFA Level 1,  CFA Level and CFA Level 3.

Qualified CFAs are mostly required by finance departments of every company. Each and every aspect of finance is thoroughly analyzed by CFA which includes budget, cost, finance management, finance projects  or any other task that is related to finance.

Studying CFA course requires enrollment and registration with CFA Institute which will forward you with syllabus and course material.

You need to begin the process of preparing for the main exam and these are considered to be tough.  You need to put good efforts which at least 350-400 hours of studies in order to pass the exam.

As and when you complete each Level of CFA exam, you will be able to gain more confidence about yourself and will be able to complete the other levels quickly and easily.

The CFA exams are conducted in June and December and the examination centers are arranged in many places in the world. This enables the students to seek participation in the exam with thorough preparation and will give you a good success.

As these exams are quite challenging and you have to put more efforts in writing each and every exam paper of CFA.

Although it is quite challenging and difficult task, it is very important to pass the exam if you really wish to aspire to be a CFA. Once you complete CFA course, you will be very successful as many companies will be seeking you to work for their company.

There is a huge demand for CFA profession as the students who opt for this course are very less and because of success rate in passing exam,  CFA course continues to retain its expertise.

The CFA course is mainly focused on finance, accounts and costs and these are considered to be main areas of a business or a company.   You need to get an in-depth knowledge about each concept and method of working of each Level of CFA course which will help you to deal with the practical aspects of company.

If you have decided to pursue CFA course it is a very good decision. But apart from studying the course materials given by CFA Institute, you need to refer other books and attend coaching classes and also consider the guidance of successful CFA professionals who will help you to pass the exam methodically and systematically. Further this will also improve your confidence levels to pursue the course which is very important.

You will be very happy that know that you will have a rewarding career as a CFA professional once you pass the exam.

Source : Etaxindia