I just gave my CA Final. And i will be giving my cfa level 2 this june.
All the major part up till, leave ethics and economics , is there in CA Final financial management syllabus. I can say this because thats the only reason why i took the big risk of givin my level 2 on 6th june wen my CA final ended on 17th may , purchased my schweser notes on 19th may... 😉 ) Same thing goes for FRM Full which i could clear last year oly bcoz of the CA syllabus. So one thing u take it from me, CA certainly is much much more comprehensive degree than cfa. Financial Reporting in CA Final syllabus is at least 15 - 20 times more rigourous than cfa L1 + L2 financial statement analysis.
So comparing CFA with CA is foolish. Indian CA is much difficult than not only US cfa but CPA as well as CIMA.
Indian CA is much comprehensive. I hv seen 100 CAs not even one was paid below 5 lakhs. And this is for normal CA who take 2-3 attempts to clear. For CA rankers , i hv not heard payment below 12 lakhs. But know one who has got 8 digit package.
Leave aside package , there can be no chance not once in a blue moon , of a CA remaining unemployed. In CA , we learn Financial Reporting(exclusively for CAs) , Financial Management (the cfa l1 and l2 syllabus) , Audit (Bank audit, Company audit again exclusively for CA no person apart from CA can sign the mandatory audit report of any company in India) , Law ( company act, labour laws , contract acts, FEMA etc. A CS territory) Management Accounting ( all CIMA syllabus , an ICWA territory, Only a CA and CWA can do the Mandatory Cost Audit for manufacturing companies. ) Information System and Control Audit ( CISA syllabus but more difficult , know one friend who cleared CISA USA but failed in CA Final in ISCA) , Direct Tax (again exclusively for a CA no person in India other than CA can sign Income Tax Audit report , no advocate in India can fight appeals and cases in Tribunals which are related to income tax matters, international taxation is booming, transfer pricing and routing investments to india via Tax Heavens , no person can do it better than CA ), Indirect Taxes ( Excise , Customs Act, Service tax act and VAT , No person in India apart from a CA and CWA can do Valuation Audit & CENVAT Audit under these Acts and VAT audit.)
there are quite less CAs in India compared to the demand for them.
So it will be better if we dont compare CFA with CA.
Eligibilty: Either hold a bachelors or equivalent
or have 4 years of qualified work experience (check with CFA institute)
or a combo of total 4 years
Hi ,
Can i have a similar data for FRM professionals ?
Hi ,
Can i have a similar data for FRM professionals ?
A bachelor or equivalent degree is enough...!
I just gave my CA Final. And i will be giving my cfa level 2 this june.
All the major part up till, leave ethics and economics , is there in CA Final financial management syllabus. I can say this because thats the only reason why i took the big risk of givin my level 2 on 6th june wen my CA .........
So comparing CFA with CA is foolish. Indian CA is much difficult than not only US cfa but CPA as well as CIMA.
Indian CA is much comprehensive. I hv seen 100 CAs not even one was paid below 5 lakhs. And this is for normal CA who take 2-3 attempts to clear. For CA rankers , i hv not heard payment below 12 lakhs. But know one who has got 8 digit package.
.......
there are quite less CAs in India compared to the demand for them.
So it will be better if we dont compare CFA with CA.
Dude we definitely agree a CA is one of the most coveted positions in India, but its unfair to compare it to CFA, while a CA is definitely more rigorous than CFA , its mostly ppl with full time jobs who do a CFA unlike students who study for CA. CAs definitely can do all the roles specified above, but when it comes to Investment banking they still are not highly preferred. And thats the reason you find many CAs doing CFAs or do an MBA from IIMS to get into Investment Banking. So CFA has its own value, but to realize the true value of a CFA you either need to have prior Finance experience or get into one of the top IIMs/XL
zener diode Saysby going through the previous posts I have formed an idea that CFA is mainly for those who are gunning Investment banks which is only possible if one combines with IIM ABC , again I banks needs stellar acads , so can CFA help any simple graduate with not so stellar acds interested in finance ?
You are partly right here, a CFA in IIM A/B/C would help you more than being a CFA in second rung college. The reason being CFA as a designation itself is still not fully popular in Indian finance field yet. You would find that some of the techniques/asset tools you learn in CFA have still not been introduced in India. Its mainly the Foreign institutions which give it a lot of value, and many of these visit only the top colleges.
But that doesn't mean CFA doesnt help ppl who are not from IIM A/B/C. You can still be successful only with a CFA. But you need a good network/ prior experience or it would take some time to reach there.
Forget about IIM A/B/C, even in colleges like XL, L,I, K,FMS, SPJ, you get good summer internships if you have an L-2 or L-3 by that time(Ofcourse good acads are a must
)
I just gave my CA Final. And i will be giving my cfa level 2 this june.
All the major part up till, leave ethics and economics , is there in CA Final financial management syllabus. I can say this because thats the only reason why i took the big risk of givin my level 2 on 6th june wen my CA final ended on 17th may , purchased my schweser notes on 19th may... 😉 ) Same thing goes for FRM Full which i could clear last year oly bcoz of the CA syllabus. So one thing u take it from me, CA certainly is much much more comprehensive degree than cfa. Financial Reporting in CA Final syllabus is at least 15 - 20 times more rigourous than cfa L1 + L2 financial statement analysis.
So comparing CFA with CA is foolish. Indian CA is much difficult than not only US cfa but CPA as well as CIMA.
Indian CA is much comprehensive. I hv seen 100 CAs not even one was paid below 5 lakhs. And this is for normal CA who take 2-3 attempts to clear. For CA rankers , i hv not heard payment below 12 lakhs. But know one who has got 8 digit package.
Leave aside package , there can be no chance not once in a blue moon , of a CA remaining unemployed. In CA , we learn Financial Reporting(exclusively for CAs) , Financial Management (the cfa l1 and l2 syllabus) , Audit (Bank audit, Company audit again exclusively for CA no person apart from CA can sign the mandatory audit report of any company in India) , Law ( company act, labour laws , contract acts, FEMA etc. A CS territory) Management Accounting ( all CIMA syllabus , an ICWA territory, Only a CA and CWA can do the Mandatory Cost Audit for manufacturing companies. ) Information System and Control Audit ( CISA syllabus but more difficult , know one friend who cleared CISA USA but failed in CA Final in ISCA) , Direct Tax (again exclusively for a CA no person in India other than CA can sign Income Tax Audit report , no advocate in India can fight appeals and cases in Tribunals which are related to income tax matters, international taxation is booming, transfer pricing and routing investments to india via Tax Heavens , no person can do it better than CA ), Indirect Taxes ( Excise , Customs Act, Service tax act and VAT , No person in India apart from a CA and CWA can do Valuation Audit & CENVAT Audit under these Acts and VAT audit.)
there are quite less CAs in India compared to the demand for them.
So it will be better if we dont compare CFA with CA.
Read the previous posts. No one is comparing CA with CFA. If someone is doing then he/she is naive.
If you are 18-20, it is the ideal time to start CA, anytime beyond that it is just too late.
It is next to impossible to pursue CA if you are from techno-science background.
The major job profile for a CA student is auditing, financial Reporting, Taxation, etc., Any role beyond that is not quite CA's cup of tea.
And it does n't show a character if you compare the courses to come to a conclusion that what you are pursuing is supreme, and others are just child's play.
CIMA is one of the best innovative courses globally. The approach is very different. It is globally recognised in 165+ countries, and who told you CIMA/CFA/CPA students remain unemployed after completion of course. Shut off your mouth, nobody asked you to compare Int.CFA with CA. If you want to do so be an education consultant.
A rigorous course is not the best of the lot. It is rather proximity, universality, innovation which matters most. So, however huge CA course structure may be, globally CFA/CIMA/US CPA
is more acceptable and that shall be the scenario for many more years to come as these professional bodies are time tested and universal.
Read the previous posts. No one is comparing CA with CFA. If someone is doing then he/she is naive.
If you are 18-20, it is the ideal time to start CA, anytime beyond that it is just too late.
It is next to impossible to pursue CA if you are from techno-science background.
The major job profile for a CA student is auditing, financial Reporting, Taxation, etc., Any role beyond that is not quite CA's cup of tea.
And it does n't show a character if you compare the courses to come to a conclusion that what you are pursuing is supreme, and others are just child's play.
CIMA is one of the best innovative courses globally. The approach is very different. It is globally recognised in 165+ countries, and who told you CIMA/CFA/CPA students remain unemployed after completion of course. Shut off your mouth, nobody asked you to compare Int.CFA with CA. If you want to do so be an education consultant.
A rigorous course is not the best of the lot. It is rather proximity, universality, innovation which matters most. So, however huge CA course structure may be, globally CFA/CIMA/US CPA
is more acceptable and that shall be the scenario for many more years to come as these professional bodies are time tested and universal.
Dude, it seems that u dont hv much idea abt job markets. Give me one example of a Fund manager who is not a CA or MBA ... Or give me one CFA (only cfa) or CIMA (only CIMA) who is a fund manager. I will give u tonnes of examples.
And remember one thing , i am not lobbying for CA bcoz i m doin it. I know hw difficult it is to get into IITs and IIM A B C... And i rate it more than a normal CA ( Remember a ranker is at par wit them)
Roger Federer SaysDude we definitely agree a CA is one of the most coveted positions in India, but its unfair to compare it to CFA, while a CA is definitely more rigorous than CFA , its mostly ppl with full time jobs who do a CFA unlike students who study for CA. CAs definitely can do all the roles specified above, but when it comes to Investment banking they still are not highly preferred. And thats the reason you find many CAs doing CFAs or do an MBA from IIMS to get into Investment Banking. So CFA has its own value, but to realize the true value of a CFA you either need to have prior Finance experience or get into one of the top IIMs/XL
Of course dude... CFA has its own charm. What u said is exactly correct. Even i m doin CFA and for the same reason u hv mentioned. What my point was CA is all pervasive where as CFA is confined only to finance. But u know , a CA has knowledge of 100 things that help in investment analysis which are not covered under CFA syllabus.
Hi,
The constantly developing industrial scenario has created a demand for experts in the field of finance. The qualification of a CFA is not merely an additional qualification; it is a specialisation that gives a person a distinct advantage over others in the field. The CFA course enjoys wide recognition all over the country. In fact, bank employees who have completed the CFA course are exempted from appearing for certain papers in the various examinations that they are required to appear for.
In order to become a certified Chartered Financial Analyst, a person has to complete a three-year post graduate programme.
the CFA course is opted for by both students and employed executives. Fresh graduates and also students in the final year of the Bachelor Degree course are eligible for the admission test.
For Course Content and Method of Study you can visit:
Chartered Financial Analyst
The constantly developing industrial scenario has created a demand for experts in the field of finance. The qualification of a CFA is not merely an additional qualification; it is a specialisation that gives a person a distinct advantage over others in the field. The CFA course enjoys wide recognition all over the country. In fact, bank employees who have completed the CFA course are exempted from appearing for certain papers in the various examinations that they are required to appear for.
In order to become a certified Chartered Financial Analyst, a person has to complete a three-year post graduate programme.
the CFA course is opted for by both students and employed executives. Fresh graduates and also students in the final year of the Bachelor Degree course are eligible for the admission test.
For Course Content and Method of Study you can visit:
Chartered Financial Analyst
For people, who are lazy to visit the CFA website and find this themselves:
Positions that benefit from a CFA charter:
21.7% Porfolio Manager
14.5% Research Analyst
7.0% Chief Executives
5.4% Consultant
4.6% RM Sales+Marketing
4.2% Risk Manager
4.1% Financial Advisor
4.1% Corporate Financial Analyst
3.8% Investment Banking Analyst
Sorry, i was talking about this data and a similar one for FRM.
Can anyone plz throw some light on pass marks for CFA L1 and are there any sectional cutoffs?
harsh1bhardwaj SaysCan anyone plz throw some light on pass marks for CFA L1 and are there any sectional cutoffs?
There are no sectional cut offs exactly. I hope, you know, there are 10 criterias on which they judge. Out of which, student MUST get good percentile in Ethics and Financial Statement Analysis to clear. Out of remainin if u dont do very well in one or two , its OK. U have to be in the top 35% students after satisfying these things.
Hello friends,i am new to this thread and i have heard about CFA many times from my friend,and now i am interested in doing CFA,so,please tell me what is CFA,what is the process of enrolling in CFA,What is scope of CFA and what is the course structure of CFA??
Pls reply................
Thanks in advance.................
Hello friends,i am new to this thread and i have heard about CFA many times from my friend,and now i am interested in doing CFA,so,please tell me what is CFA,what is the process of enrolling in CFA,What is scope of CFA and what is the course structure of CFA??
Pls reply................
Thanks in advance.................
Hi Rahul,
CFA is a highly recognised holistic course in finance conducted by CFA institute,USA . It has 3 levels which u need to clear one after the other.
CFA L1 exams are conducted twice a year in june and december in few indian cities as well others out of india. While,L2 and L3 exams are conducted only in june.
Enrollment fees varies from $ 1110 to 1440.(early to late registration)
If u want to make a career in finance and get a profile in investment banking,risk management,treasury,equity research etc. then go for a CFA
hey is cfa from icfai university fine or nt??
or is the us one more recognised??
hey is cfa from icfai university fine or nt??
or is the us one more recognised??
No, its not globally recognized. it is only the CFA from the CFA institute, USA that is recognized worldwide.
hello friends....
plz sum1 help me on certain things...
1. i wil b registering for dec.10 in few days..so wht r the ways to make payment...? i knw only credit card but any other easier way...?:lookround:
2. does the passport is required at the time of registration...?:lookround:
3.i bought kalpan schweser notes n might req. classes for Q.T...so pls provide sum classes info...in mumbai..?
PLZ reply.........
THANKS..............:grin:
Hello guys i also need to know if there is any good coaching class for level 1 in mumbai and delhi. I searched in google found out many result so i need an advice if anyone know which one to prefer.
justimagine SaysHello guys i also need to know if there is any good coaching class for level 1 in mumbai and delhi. I searched in google found out many result so i need an advice if anyone know which one to prefer.
first go and buy schweser....go through some part of it and then decide for urself if you even need classes...i dont think u will...ATB!
justimagine SaysHello guys i also need to know if there is any good coaching class for level 1 in mumbai and delhi. I searched in google found out many result so i need an advice if anyone know which one to prefer.
time4apogee Saysfirst go and buy schweser....go through some part of it and then decide for urself if you even need classes...i dont think u will...ATB!
Hi,
According to me , Schweser notes are more than enough for level 1 and there is not need to go for coaching classes.Videos can be very helpful and a good substitute for tutorials.