IIFM: International Institute Of Financial Markets
CFA (Chartered Financial Analyst)
  • About CFA

  • 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. Administered by CFA Institute, the CFA Program offers you a graduate level curriculum and examination program intended to expand your working knowledge and practical skills relating to investment decision-making. Successful completion of the program and its requirements will earn you the CFA designation, one of the profession's most valued credentials.

  • How to 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 "charter holder."

  • Why CFA?

  • The advantages of pursuing a CFA are manifold
    • Educational: The course covers almost every aspect of investment management (both tools and techniques) which adds a great credential to your CV.
    • Reputational: People in the business know the time and dedication it takes to earn the charter. When they see that you have earned it, they will likely believe you have ability, dedication, ethical grounding and the hard, transferable analytical skills necessary to do the job in question.
    • Financial: You may see your salary increase after you've earned the CFA charter or you may surpass other applicants when competing for a new job or position. According to a survey conducted and released by Russell Reynolds Associates in conjunction with the CFA® Institute, compensation for investment professionals has risen by 17 percent since 2003.
    • Career: You'll earn a designation that is respected by employers and the media.

    There are a number of financial fields where it makes sense to go through all the time and trouble to earn the charter. The obvious is investment management. As the investment industry continues to become more competitive (fewer positions) and somewhat commoditized, it will become almost imperative for any credible investment manager to earn the charter. Most empirical studies say that for a career in finance, CFA charter is more valuable than an MBA from an average institute.

    The breakup of the profile which a CFA charter holder has in the investment industry is shown in the figure below.

  • Requirements for a CFA Charter:

    • The CFA Program is a self-study, graduate-level program that requires candidates to learn and apply investment knowledge. It is recognized globally as the gold standard investment credential.
    • Three sequential exams cover ethics, investment tools, asset valuation, portfolio management, and wealth planning.
    • Candidates must complete four years of work experience as an investment practitioner and agree to adhere to a strict code of ethics.
  • What we offer?

  • We, at IIFM offer, comprehensive study program that is necessary for the success in the examination. Apart from 100 hours of intensive classroom program on weekends, we also offer one to one doubt clearing session (classroom/online) and test (topic wise, module wise and full length tests).We, at IIFM,have attempted to make the entire course from a layman's perspective assuming zero background of the participant in economics and finance. The course covers the objectives which will be tested in the exam and includes:
    • Understand the CFA Institute Code of Ethics and Standards of Professional Conduct together with the Global Investment Performance Standards.
    • Understand elementary statistics, data collection and analysis, correlation, probability theory and distribution, time value of money and performance measurement.
    • Understand macroeconomic and microeconomic principles.
    • Understand financial accounting procedures; the rules that govern disclosure; difference in GAAP and accounting methods.
    • Understand and apply corporate finance knowledge in valuation process and appreciate corporate governance's impact on risk profile.
    • Understand the basic portfolio management process, including investment setting, investment policy and asset allocation.
    • Obtain working knowledge on equity investment analysis, understand the theories behind the analysis.
    • Understand the principles underpinning the analysis of fixed income investment and become capable of using valuation tools.
    • Understand the principles of various derivative instruments and obtain knowledge on how derivatives are applied in risk management.
    The Curriculum has been broken down into 25 sessions of 4 hours each:

    Topics Weights (approximate) Readings (CFA curriculum) Lectures
    Ethics 15% 1-4 1
    Quantitative Methods 12% 5-12 3
    Economics 10% 13-28 4
    Financial Statement Analysis 20% 29-43 6
    Corporate Finance 8% 44-48 2
    Portfolio Management 5% 49-51 1
    Equity Analysis 10% 52-59 3
    Fixed Income 12% 60-66 3
    Derivatives 5% 67-72 1
    Alternative Investments 3% 73-74 1