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Is the CFA Certification worth it? How to become a Certified CFA?

Introduction to Chartered Financial Analyst The designation of Chartered Financial Analyst or CFA has now become the world's most respected and crucial investment credential. The prime motto of the CFA certification is to enrich the profession of global financial management. The CFA program is structured to provide knowledge and experience, which is essential in a professional career in financial services. CFA is the best opportunity for them who are seeking qualification to enhance their career and establishment in financial credentials. Value of CFA Certification There are numerous options in career benefits that you'll be getting after clearing the three exam levels of CFA. In the present competitive world of financial management, CFA charterholders are gaining recognition and importance for the knowledge, skill and expertise they possess. It can enhance your career if you're a professional in financial services or want to become so. The industry specialists recruit CFA charters for these following industrial roles; Financial Strategists, Financial Advisors, Relationship Manager, Research Analysts, Portfolio Managers, Private Bankers, Manager of Managers, and many more. How to get CFA Certification (How to become eligible and what are the criteria) To be able to eligible for the clearance of CFA exams and to earn the CFA certification, the candidates must have; 4 years of professional work experience, or four years of total experience including education and work.


As well as the candidates must be a member of the CFA institute and must apply for membership to a local CFA member community or society. To pass the CFA program by the CFA Institute, the candidates must clear the three levels of the CFA exams. As soon as they've completed the three stages, the candidates must experience similar works mentioned above, prescribed by the CFA Institute. The course curriculum of CFA exams and their importance in financial industries. Clearing the CFA certification exam and becoming a CFA holder isn't that much easy. Apart from making and passing all the three CFA exams, one also needs to possess self-skill-sets like discipline, time management, integrity, attention to detail, focus, curiosity, and verbal communication skills. Among the three levels, mainly level 1 involves knowledge in financial concepts. The topics that one needs to master in level 1 of CFA exam are; Financial reporting analysis, Ethics, Quantitative analysis, Fixed income analysis, Equity investments, Corporate finance, Portfolio management and wealth planning, derivatives and alternative investments. The three levels of CFA examination is held in June every year and an additional Level 1 exam is also contained in December. Every aspirant needs to clear each exam sequentially. Job opportunities after successful completion of CFA Certification As mentioned above, industry specialists recruit for the following posts in financial services;  Financial Strategists  Financial Advisors,  Relationship Manager,  Research Analysts,  Portfolio Managers,  Private Bankers,  Manager of Managers, And many more… Salary Range of a Certified Financial Analyst The salary range that CFA certification allows one to gain is demonstrated using the table below. Also, the salary increase from fresher to experience is mentioned in detail. Years of experience

Salary range

Less than 1 year

$40,000 - $60,000

1 to 4 years

$60,000 - $65,000

4 to 9 years

$90,000 - $95,000


9 to 19 years

$115,000 - $120,000

20 years and above

$140,000 and above

Which designation is better? CFA or CA With this article, you must have understood that Chartered Financial Analyst (CFA) is ideal for a career in Portfolio Management & Investment Banking. In contrast, Chartered Accountancy (CA) is primarily focused on Audit & Taxation. Both have their separate career options, and their scope in the financial industry is rapidly increasing. But one should choose the field seeing his/her self-interest and ability. Conclusion Aspirants who are seeking excellence in financial services may choose the career option of CFA, but the person needs to spend a lot of years in education and experience. Thus, it's not for them who are looking for early job life. As mentioned above, this isn't only about bookish knowledge, but the candidates should also prepare for personal characteristics as well. If you have all the qualities and want to be experts in financial industries, then my friend, getting a CFA certification is ideal for you. Frequently Asked Questions about CFA 1. How many questions are there in CFA Level 1, CFA Level 2 & CFA Level 3? In CFA examination, Level 1, Level 2 and Level 3 have 240 (MCQ based), 120 (Set of items) and 120 (Essay type) questions respectively. The exam duration is 6 Hrs for each exam. 2. When can someone attend CFA Level 1, Level 2 Exam & Level 3 exam? The three levels have to be attended sequentially. Anyone who has completed bachelor’s degree or pursuing the same in the final year is eligible for the CFA exams. 3. Can anyone register CFA Level 2 before Passing CFA level 1? As all the exams have to attend sequentially, therefore, one can't register for Level 2 before clearing Level 1. 4. What jobs would CFA provide? CFA would provide recognizable jobs like Financial Strategists, Financial Advisors, Relationship Manager, Research Analysts, Portfolio Managers, Private Bankers, Manager of Managers, and many more.


5. How to check if someone passes CFA Level 1, Level 2 or Level 3 Exam? For CFA Level 1 and Level 2, the results are pushed out in their official website 60 days after the exam, generally in August & February (Level 1 second phase). For CFA Level 3, the results are out within 90 days after the review, in September. 6. How much time does it take to complete CFA? According to the exam schedules in June and December, one can clear CFA in two years. But with a study time of 300 hours per exam, it takes up to 3-4 years for someone to take all three reviews. 7. How many times can someone take the CFA Exam? The CFA institute allows aspirants to take an as long time as they would require to clear all three exams. That's why CFA Level 1 is conducted twice a year, in June and December. 8. What do you learn from CFA Level 1, CFA Level 2 and CFA Level 3? Apart from technical concepts in financial services, one has to study and will learn Financial reporting analysis, Ethics, Quantitative analysis, Fixed income analysis, Equity investments, Corporate finance, Portfolio management and wealth planning, derivatives and alternative investments. Also, the aspirants need to develop their self-skill-sets like discipline, time management, integrity, attention to detail, focus, curiosity and verbal communication skills. 9. How to know if CFA is right for you? This decision ultimately depends on the aspirants themselves. One can choose this career option if he/she is academically eligible for CFA and want to pursue this certification for the enhancement of their career. It takes longer than usual and requires skills, but it will bear some sweet fruits in the end.

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