If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
CFA
OVERVIEW
The CFA charter is respected as the gold standard of professional credentials within the global investment community. The prestige of the charter is due, in part, to the challenging nature of the exams.
REQUIREMENTS
The CFA charter is respected as the gold standard of professional credentials within the global investment community. The prestige of the charter is due, in part, to the challenging nature of the exams.
How you Earn the CFA Charter
To earn a CFA Charter, you study for three exams (Levels I, II, III) using an assigned curriculum. Exams for all levels are held in locations around the world. Level I exams are held in June and December. Levels II and III are only held in June. If you pass all three exams and meet the professional and ethical requirements, you can become a regular member of CFA Institute, or “charterholder.”
You can take as long as you need to complete the program, and there is no limit to the number of times you can take each exam. The curriculum changes each year to reflect the dynamic nature and complexity of the global investment profession.
How you Earn the CFA Charter
To earn a CFA Charter, you study for three exams (Levels I, II, III) using an assigned curriculum. Exams for all levels are held in locations around the world. Level I exams are held in June and December. Levels II and III are only held in June. If you pass all three exams and meet the professional and ethical requirements, you can become a regular member of CFA Institute, or “charterholder.”
You can take as long as you need to complete the program, and there is no limit to the number of times you can take each exam. The curriculum changes each year to reflect the dynamic nature and complexity of the global investment profession.
FAQ'S
TRAINING
CFA Program Entrance Requirements
Become a candidate:
- Fulfill the entrance requirements. At the time of enrollment you must:
- Have a U.S. bachelor’s (or equivalent) degree
- Or be in the final year of your bachelor's degree program
- (Note: education information must be updated before progression to Level II)
- Or have four years of qualified, professional work experience
- Or a combination of work and college experience that totals at least four years.
- (Note: summer, part-time, and internship positions do not qualify)
- Meet the professional conduct admission criteria (during the application process, you will be asked to sign statements of Professional Conduct and Candidate Responsibility).
- Be prepared to take the exams in English.
- Sign up for your first exam. Registering for the first exam also enrolls you as a candidate in the CFA Program. This requires a one-time program enrollment fee in addition to the exam registration fee.
WORKSHOP
SMILE Education provides training for the levels of CFA.
Training
- Training Classes would be conducted on the weekends at a mulund.
- 30 session training of 3 hours each spread over 4 months. Additional 40 hours of mock exams
- 2 simulated exams tests at the end of the training session and One hour doubt clearing session every weekend.
- Key concepts and illustrative problems will be covered in class
- Review notes will be provided in the form of power point slides, word documents and excel spreadsheets. Comprehensive problem sets will be provided.
COST
Ethical and Professional Standards
- A. Professional Standards of Practice
- B. Ethical Practices
Quantitative Methods
- A. Time Value of Money
- B. Probability
- C. Probability Distributions and Descriptive Statistics
- D. Sampling and Estimation
- E. Hypothesis Testing
- F. Correlation Analysis and Regression
- G. Time Series Analysis
- H. Simulation Analysis
- I. Technical Analysis
Economics
- A. Market Forces of Supply and Demand
- B. The Firm and Industry Organization
- C. Measuring National Income and Growth
- D. Business Cycles
- E. The Monetary System
- F. Inflation
- G. International Trade and Capital Flows
- H. Currency Exchange Rates
- I. Monetary and Fiscal Policy
- J. Economic Growth and Development
- K. Effects of Government Regulation
- L. Impact of Economic Factors on Investment Markets
Financial Reporting and Analysis
- A. Financial Reporting System (IFRS and GAAP)
- B. Principal Financial Statements
- C. Financial Reporting Quality
- D. Analysis of Inventories
- E. Analysis of Long-Lived Assets
- F. Analysis of Taxes
- G. Analysis of Debt
- H. Analysis of Off-Balance-Sheet Assets and Liabilities
- I. Analysis of Pensions, Stock Compensation, and Other Employee Benefits
- J. Analysis of Inter-Corporate Investments
- K. Analysis of Business Combinations
- L. Analysis of Global Operations
- M. Ratio and Financial Analysis
Corporate Finance
- A. Corporate Governance
- B. Dividend Policy
- C. Capital Investment Decisions
- D. Business and Financial Risk
- E. Long-Term Financial Policy
- F. Short-Term Financial Policy
- G. Mergers and Acquisitions and Corporate Restructuring
Equity Investments
- A. Types of Equity Securities and their Characteristics
- B. Equity Markets: Characteristics, Institutions, and Benchmarks
- C. Fundamental Analysis (Sector, Industry, Company) and the Valuation of Individual Equity Securities
- D. Equity Market Valuation and Return Analysis
- E. Special Applications of Fundamental Analysis (Residual Earnings)
- F. Equity of Hybrid Investment Vehicles
Fixed Income
- A. Types of Fixed-Income Securities and their Characteristics
- B. Fixed-Income Markets: Characteristics, Institutions, and Benchmarks
- C. Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis
- D. Term Structure Determination and Yield Spreads
- E. Analysis of Interest Rate Risk
- F. Analysis of Credit Risk
- G. Valuing Bonds with Embedded Options
- H. Structured Products
Derivatives
- A. Types of Derivative Instruments and their Characteristics
- B. Forward Markets and Instruments
- C. Futures Markets and Instruments
- D. Options Markets and Instruments
- E. Swaps Markets and Instruments
- F. Credit Derivatives Markets and Instruments
Alternative Investments
- A. Types of Alternative Investments and their Characteristics
- B. Real Estate
- C. Private Equity/Venture Capital
- D. Hedge Funds
- E. Closely-held Companies and Inactively Traded Securities
- F. Distressed Securities/Bankruptcies
- G. Commodities
- H. Tangible Assets with Low Liquidity
Portfolio Management and Wealth Planning
- A. Portfolio Concepts
- B. Management of Individual/Family Investor Portfolios
- C. Management of Institutional Investor Portfolios
- D. Pension Plans and Employee Benefit Funds
- E. Investment Manager Selection
- F. Other Institutional Investors
- G. Mutual Funds, Pooled Funds, and ETFs
- H. Economic Analysis and Setting Capital Market Expectations
- I. Tax Efficiency
- J. Asset Allocation (including Currency Overlay)
- K. Portfolio Construction and Revision
- L. Equity Portfolio Management Strategies
- M. Fixed-Income Portfolio Management Strategies
- N. Alternative Investments Management Strategies
- O. Risk Management
- P. Execution of Portfolio Decisions (Trading)
- Q. Performance Evaluation
- R. Presentation of Performance Results
PREPARATION