The Chartered Financial Analyst (CFA) is a globally recognised finance qualification. It is ideal for students aiming for careers in investment banking, equity research, portfolio management, risk analysis, and finance leadership. The CFA qualification provides deep knowledge of financial markets and can open high-paying job opportunities in India and abroad.
What is CFA?
CFA stands for Chartered Financial Analyst. It is a certification offered by the CFA Institute in the USA.
The programme has three levels of exams: Level I, Level II, and Level III. Each level focuses on topics such as portfolio management, ethics, financial reporting, and investment tools.
To become a CFA charter holder, candidates must pass all three levels and meet the required work experience.
Eligibility Criteria in India
To become a CFA candidate in India:
- You must have a Bachelor’s degree from a recognised university.
- Final-year undergraduate students can register for Level I.
- Candidates with four years of post-secondary work experience are also eligible.
- A valid passport is required to register for the exam.
Course Fees (Approximate)
CFA fees vary by registration time and exam level. Additional costs for study materials, coaching, and travel should be considered.
One‑time enrolment fee: Rs29,000 – Rs31,000
Level I exam fee (early registration): Rs78,000
Level I exam fee (standard registration): Rs1,03,000
Level II & III exam fees: Rs78,000 – Rs1,07,000 each
Total fees for all levels: Rs2.5 – Rs3.5 lakh (excluding coaching, study materials, and travel)
Additional costs: Coaching, mock tests, and travel may cost Rs15,000 – Rs60,000 per level depending on the resources and exam centre
Duration and Study Commitment
The CFA programme is challenging. Most candidates study 300–400 hours per level, taking 3–4 years to complete all levels and required work experience.
Career Scope in India
CFA qualification opens high-growth finance careers in India’s expanding finance sector. CFA professionals work in:
- Banks
- Asset management companies
- Consulting firms
- Mutual funds
- Fintech firms
Top Job Roles After CFA:
- Equity Research Analyst
- Financial Analyst
- Risk & Credit Analyst
- Investment Banking Analyst
- Portfolio Manager / Fund Manager
- Wealth & Asset Manager
- Corporate Finance Professional
Portfolio Managers or Fund Managers are responsible for making investment decisions, monitoring performance, and ensuring the success of portfolios or funds.
Level I / Entry Roles: Rs4–6 lakh per year
After Level II: Rs6–12 lakh per year
After Charter (Level III): Rs12–25+ lakh per year
Salaries vary depending on city, company, and individual skill level. Top-paying cities include Mumbai, Delhi NCR, and Bengaluru.
Global Recognition & Demand
The CFA charter is recognised in over 160 countries. Employers in banks, hedge funds, and consulting firms highly value CFA charter holders for investment and finance roles.
Tips to Succeed
- Start preparation early and study consistently.
- Use the official CFA Institute curriculum and mock exams.
- Consider prep classes for guidance if needed.
- Clear each exam level before moving to the next.
Becoming a CFA in India is a challenging but rewarding path for students aiming for top finance careers. With strong analytical skills and dedication, CFA can boost careers in investment banking, asset management, portfolio analysis, and more. Plan eligibility carefully, budget for fees, and focus on gaining work experience to maximise career potential.