You might be wondering if the CFA course is worth it because you’ve heard the CFA program is expensive and that becoming a CFA holder takes a lot of time. We provide the necessary information in this article to help you decide whether the CFA is suited for you. Our purpose is to assist you to set expectations for CFA holders’ outcomes.
Typically, those with credentials in finance, accounting, economics, or business pursue the CFA Program. It is not necessary to have a financial background to pursue the CFA charter; nonetheless, you must complete 4,000 hours of “professional work experience” in fields such as trading, corporate finance, and economics in a minimum of 36 months to become a CFA.
When evaluating if the CFA course is suited for them, each person will have their own set of personal criteria to examine.
CFAs who gained new financial jobs or advanced in their companies did so with zeal, dedication, and determination. To put it another way, after passing the CFA examinations, they didn’t stop working hard. They also didn’t set the bar too high in their job hunt or desire for advancement. Instead, they completed their research on the types of jobs where a CFA charter is more likely to be valued and devised a long-term strategy for working hard and rising through the ranks to management.
Making Time for the CFA-
Now, in order to pursue the degree, it is important that you understand the time you require to invest in the course, and to analyze the same, you need to make a note of the followings-
- CFA Level I tests are only offered four times a year.
- You are only allowed to take an exam twice a year.
- It is not possible to fail the CFA 1st level exam and then enroll in the next available exam window.
- CFA candidates can expect to devote more than 300 hours to studying for each exam.
Expectations for Pay –
It’s tough to say how much money you may anticipate making after passing all three CFA tests. As a mid-level analyst, you can expect a salary hike of 15-20% if you achieve the CFA qualification. In reality, the CFA designation appears to result in a higher income rise for more experienced analysts and managers. Again, many other factors influence the salary hike but one thing is certain: the CFA degree is highly valued, particularly among candidates for top positions as risk, investment, and portfolio managers.
What does a CFA do?
A chartered financial analyst (CFA) is a professional who advises people, businesses, and other organizations on investment strategies and portfolio management. Institutional investing businesses, broker-dealers, insurance companies, pension funds, banks, and colleges are among the places where these individuals can work.
Using CFA to make a change in the career goals –
It is feasible to use your pursuit of the CFA Program on eventual completion as a mode for a career change. The CFA Program is an excellent approach to moving into a finance profession. Especially if you have a narrow focus and are contemplating jobs like:
- Hedge Fund Manager
- Investment Banking Analyst
- Stock Equity Analyst
- Portfolio Manager
- Research Analyst
Are you ready to take on the CFA course in India?
It’s time, start exploring our Kaplan Schweser – Miles CFA study plans tailored to your needs today if you’re thrilled about what the future brings for you as a CFA holder.
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