Chartered Financial Analyst About

A Chartered Financial Analyst (CFA) is a specialized professional who looks after the financial decisions and investment policies of big companies. A Chartered Financial Analyst is a person trained in areas of management accounting, financial management, and investment. Earning a CFA charter demonstrates mastery of a broad range of practical portfolio management and advanced investment analysis skills that will be limelight for one's career. CFAsnis are in great demand in the finance sector, especially banks, financial institutions, insurance companies, and large corporations.

Chartered Financial Analyst
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Career Roles & Responsibilities
  • Portfolio Manager
  • Risk Manager
  • Chief Executive
  • Research Analyst
  • Financial Advisor
  • Consultant
  • Accountant/Auditor
  • Investment Banking Analyst
  • Corporate Financial Analyst
  • The job responsibilities of a CFA Program may vary according to the job role but there are some duties or responsibilities that you should be ready to take if you are planning a career in CFA Program.
  • One of the major duties of CFA charterholders is to make sound decisions about companies, stocks, and industries for the purpose of making money for the corporation or individual.
  • Track the performance of stocks and collect the data in a spreadsheet so that it can be interpreted by clients and stockbrokers.
  • Research and track the financial position of a specific company or industry.
  • Evaluate current and historical data that helps in decision-making.
  • Recommend individual investments options and collective investment options, which are mainly known as portfolios.
  • Study a company’s financial statements to determine its value.
  • Study economic and business trends.
  • Prepare written reports.
  • Meet the company officials to gain better insight into the company’s prospects and management.
  • Meet the investors to explain recommendations.
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Career Education Path Summary

How to Become a Chartered Financial Analyst (CFA)

 

Stream

Graduation

After Graduation

Path1

Clear class XII in Commerce Stream (Recommended)

Pursue bachelor’s (or equivalent) degree in any field (Preferably Finance) for 3-4 years

Take the CFA program of 4 years either after completing or during the final year of bachelor’s degree.

Important Facts

  1. To become a CFA candidate, one must meet one of the following criteria:
    • Have a bachelor’s (or equivalent) degree,
    • Be in the final year of a bachelor’s degree program,
    • Have four years of professional work experience, or
    • Have a combination of professional work and university experience that totals at least four years
  2. To obtain regular membership of the CFA Institute (after passing all levels of exams), the candidate should have 4 years of professional work experience either before, during, or after joining the CFA program, in the investment decision-making process.
  3. A valid international passport is required.
  4. The CFA Program is offered in a self-study format and is divided into three levels of exams. The Level I exam is held in June or December and the other 2 levels of exams are held in June and offered at various test centers in India like: Ahmedabad, Bangalore, Chennai, Kolkata, Mumbai, New Delhi, Pune.
  • Portfolio Manager
  • Research Analyst
  • Financial Consultant and Advisers
  • Corporate Financial Analyst

    Work Description

  • Make investment decisions based on business/ industry forecasts or economic conditions through analyzing financial information
  • Monitor developments in the fields of industrial technology, business, finance, and economic theory
  • Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programmes
  • Track fundamental economic, industrial, and corporate developments by analyzing information from multiple channels
  • Recommend investments and investment timing to companies, investment firm staff, or the public
  • Determine the prices at which securities should be syndicated and offered to the public
  • Prepare plans of action for investment, using financial analyses
  • Evaluate and compare the relative quality of various securities in a given industry
Similar Careers
  • Make investment decisions based on business/ industry forecasts or economic conditions through analyzing financial information
  • Monitor developments in the fields of industrial technology, business, finance, and economic theory
  • Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programmes
  • Track fundamental economic, industrial, and corporate developments by analyzing information from multiple channels
  • Recommend investments and investment timing to companies, investment firm staff, or the public
  • Determine the prices at which securities should be syndicated and offered to the public.
  • Prepare plans of action for investment, using financial analyses
  • Evaluate and compare the relative quality of various securities in a given industry.

A CFA charter holder at the entry level can earn an annual salary of 4 lakhs. Your salary will increase as you grow. With seven to eight years in this field, your average salary can shoot up to 12 lakhs. You can earn over 19 lakhs with more than 10 years of experience under your belt

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Career Pros Details
  • A wide range of knowledge offered by the syllabus
  • Enhances business finance vocabulary
  • High demand and respect for individuals
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Career Cons Details
  • Is a demanding field and time-consuming course
  • Is only an added certification, not a full-fledged career in itself
  • Requires patience to clear the exams

skills for CFA® Program

 

Excel Modeling Skills

As a CFA charter holder, you’ll be working on a lot of Excel sheets and also the models so it is very important that you have Excel Modeling skills if you don’t then you can always learn by joining any short-term course.

Analytical Skills

Analytical skill is the ability to visualize, articulate, conceptualize or solve both complex and uncomplicated problems by making decisions that are sensible given the available information. Make sure you develop your analytical skills while completing your CFA® Program.

Computer Skills

Apart from knowing Excel, make sure that you can work on a computer with ease. It is quite possible that you may have to learn new software to create portfolios, analyze financial data, see trends, and make forecasts.

Communication Skills

As a CFA charterholders, you’ll be communicating with clients, investors, stockbrokers, and many others. You shall be taking some important decisions which are to be communicated to the concerned people so good communication skills are a must.

Decision Making Skills

If you must’ve read the responsibilities of the CFA Program mentioned above carefully then you will find that decision making is an important part of the CFA Program job profile so make wise decisions and help your organization to grow.

Math Skills

Chartered Financial Analyst® designation uses mathematical skills when estimating the value of financial securities. But as you start with the CFA training, these skills will develop on their own.

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