Chartered Financial Analyst also known as CFA, is a globally recognized and respected degree, offered by the CFA Institute(USA), for investment and financial professionals. The CFA exam consists of 3 levels - CFA level 1, CFA level 2, and CFA level 3. Candidates need to pass all the 3 levels to achieve a CFA degree.
The CFA course duration ranges from 2 - 4 years. The CFA course fees range from INR 1,50,000- 5,86,000. After successful completion of CFA certification, candidates are offered various CFA job opportunities such as Investment managers, Portfolio Manager, Risk managers or even Chief Financial officers. The average CFA course salary in India ranges between INR 3,50,000 to 35,00,000.
Also Check: CFA Admissions
The CFA course is recognized in 165+ countries as a benchmark qualification in the finance industry. The basic CFA Eligibility is a Graduate from any discipline or in the final year of graduation or 4 years of work experience and possesses an International Passport. The minimum CFA Course Duration is 2 years. The average CFA Course Duration is 3-4 years. Check: CFA Syllabus
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CFA Registration Fee
CFA Registration fee varies depending on the time students decide to register for the exam. All costs listed are exclusive of any local Value-Added Tax (VAT), Goods and Services Tax (GST), Sales Tax, or other comparable tax that the candidate is required to pay in their country of residency. CFA Institute is obligated to collect such taxes at the local statutory rate, which will be added to the fees displayed during the payment/checkout process. Also Check: CFA Salary
There are two methods of joining the CFA course -
- Early Registration
- Standard Registration
Early Registration
The Early Registration fee for the months of August and November is USD 900. Whereas, the Standard Registration fee for the same sessions is USD 1200.
| EARLY REGISTRATION FEE | DATE (2023) |
|---|---|
| USD 900 (INR 69660) | 31 Jan - 10 May (Registration closed) |
Also Check: CFA Exam Structure
Standard Registration Fee
| Standard Registration Fee | DATE |
|---|---|
| USD 1200 (INR 92880) | 11 May - 8 August 2023 (Registration open) |
Also Check: Finance Courses after 12th
CFA One-Time Enrollment Fee
- CFA one-time enrollment fee is paid when students register for the CFA Program and the Level I exam. They don’t need to pay again for Levels 2 and 3.
- All fees must be paid in US dollars.
| CFA ONE TIME ENROLLMENT FEE | USD 350 |
CFA Rescheduling Fee
CFA rescheduling fee is charged to an individual, when they wishes to change their exam appointment, after the initial registration due to personal reasons.
| CFA Resheduling Fee | USD 250 |
Also Check:
Top CFA Institutes in India with Course Fees
Tabulated below is the list of renowned institutes for the Chartered Financial Analyst (CFA) course along with their fee structure:T
| Institute Name | Course Fee |
|---|---|
| Edu Pristine Institute, Mumbai | INR 130,000 |
| RVM Finishing school, Hyderabad | INR 70,000 |
| Orbit Institutes Pvt Ltd , Chennai | INR 60,000 |
| Fin Learning, New Delhi | INR 30,000 |
| Finstructor, New Delhi | INR 28,200 |
| Narayana Business School, Ahmedabad | INR 125,000 |
| Global Centre for Entrepreneurship and Commerce (GCEC), Jaipur | INR 109,000 |
| International College of Financial Planning, New Delhi | INR 45,000 |
| Shri Chimanbhai Patel Institute of Professional Training, Ahmedabad | INR 65,000 |
CFA Fees for Additional Resources
Once students are done with their registration, the CFA Institute gives access to their original study materials online. Some students are satisfied with just a handful of resources, so if they opt not to purchase additional CFA books, this expense will not apply to them.
However, if students are planning to buy some additional materials written by well-known authors, it can cost them a little more. But this proves to be quite beneficial in developing a fruitful study strategy for each level of CFA. Check: CA vs CFA, which is better?
Most importantly, students will also need to invest in the right calculator for CFA exams. The two types of calculators that the individuals can use for their course and exams - HP12C and BA II PLUS.
| Additional Study Materials | USD 1500 for each level (INR 1,23,195) |
| Calculator | USD 50 (INR 4100) |
Also Check: How to become a Financial Analyst?
CFA Scholarships
The CFA Institute also provides a few CFA scholarships to candidates in order to encourage them to pursue the CFA programme. Depending on the award, the eligible students will be able to register for the CFA test at a reduced cost. Students may save up to 650 to 750 dollars on registration fees with these scholarships.
There are five types of Scholarships available for Chartered Financial Analyst (CFA) students:
| Scholarship Name | Awards | Eligibility |
|---|---|---|
| Access Scholarship | Exam registration reduced to USD 250 Enrollment Fee waived off. | For individuals who may not be able to afford the program fees |
| Women’s Scholarship | Exam registration reduced to USD 350. Enrollment Fee waived off. | For women who are interested in earning the CFA charter, do not qualify for other CFA Institute scholarships, and have not yet registered for their next exam. |
| Student Scholarship | Exam registration reduced to USD 350. Enrollment Fee waived off. | For students currently attending an affiliated university and have not yet registered for their next exam. |
| Professor Scholarship | Exam registration reduced to USD 350. Enrollment Fee waived off. | For full-time university professors or administrators/department heads who teach a minimum number of credit hours at qualified institutions and have not yet registered for their next exam. |
| Regulator Scholarship | Exam registration reduced to USD 350. Enrollment Fee waived off. | For employees of financial regulators, central banks, securities commissions, qualifying stock exchanges, SROs and/or government entities, specifically, those entities which have entered into a program agreement with CFA Institute. |
CFA Course Fees - FAQs
Ques. Are the registration fees refundable?
Ans. The registration fee for the CFA exam is non-refundable, regardless of whether you sit for it or not.
Ques. Can I Study CFA for free?
Ans. Some students opt to prepare for the CFA exam independently, without enrolling in any coaching programmes. This will help you in saving your expenses for CFA, however, it may hinder your study preparations quite a bit.
Ques. Is there any CFA exam fee reduction available?
Ans. The CFA institute offers various scholarships to its students based on their financial circumstances and backgrounds - such as Access Scholarship, Women Scholarship, Student Scholarship, Professor scholarship etc.
Ques. Can the CFA exam fee be paid in installments?
Ans. No, the entire amount of the exam fee should be paid during the time of registration for each level of CFA exam.
Ques. Can the study materials be accessed without registration?
Ans. No, the official CFA study materials are available to the students only when they have registered for the program by paying the required amount.
Ques. When am I supposed to pay the Early Registration Fee for the CFA exam?
Ans. You can pay the early registration fee between 31 Jan - 10 May. The early registrations are closed for 2023, however, you can pay the Standard Registration fee within 8 August 2023 to become eligible to take the CFA exam.
Ques. What is the eligibility criteria for Professor Scholarship provided by the CFA institute?
Ans. These scholarships are available for full-time university professors or administrators/department heads who teach a minimum number of credit hours at qualified institutions and have not yet registered for their next exam.
Ques. How long does the CFA course take?
Ans. Each level of the CFA course takes around 6-9 months of preparation & 4000 hours of working experience during or after the CFA course. All in all, it would take you around 2 -5 years to become a charter holder. The good part is, you can start your CFA preparation just after your 12th commerce exams. And the best part is that you can start earning just after CFA level 1. That’s true, companies around the world offer candidates CFA level 1 jobs.
Ques. Can I apply for CFA in my final year?
Ans. Yes, you are eligible to apply for the CFA program in the final year of your undergraduate studies.
Ques. Is there any work experience mandatory for CFA?
Ans. Yes, Work experience of at least 4 years is mandatory for those individuals who do not have any bachelor’s degree or are currently not pursuing graduation.
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