Careers360 Logo
ask-icon
share
    CFA Full Form: Admissions 2025, Course Details, Duration, Entrance Exam, Salary, Job Prospects
    • Commerce Exams
    • CFA Exam
    • CFA Full Form: Admissions 2025, Course Details, Duration, Entrance Exam, Salary, Job Prospects

    CFA Full Form: Admissions 2025, Course Details, Duration, Entrance Exam, Salary, Job Prospects

    Sansar Singh ChhikaraUpdated on 18 Feb 2026, 05:49 PM IST

    CFA Full Form in Commerce - The full form of CFA is Chartered Financial Analyst. CFA or Chartered Financial Analyst is a professional designation given to individuals who successfully complete all three levels of the CFA exam. The CFA course has three levels, which are CFA Level 1, CFA Level 2, and CFA Level 3. The CFA institute specifies different eligibility criteria for CFA at different levels. These requirements pertain to the educational qualification and work experience required of the candidates in order to appear for the exams. The CFA course duration is generally 1.5 years to 4 years. The CFA course is focused on covering major aspects of the investment industry like equity, fixed Income, derivatives, real estate, and so on. Students are drawn towards this course to get better job prospects in top investment firms. In this article, get to know CFA full course details including eligibility criteria, curriculum and more.
    Also check: Top entrance exams for Commerce students

    This Story also Contains

    1. CFA Entrance Examination - Overview
    2. What is a CFA Course?
    3. CFA Course Eligibility
    4. Who should pursue a CFA program?
    5. Relevance of CFA Programme
    6. CFA Program Curriculum
    7. CFA Exam Pattern
    8. CFA Courses Fees
    9. CFA Top Recruiters in India
    10. CFA Salary in India
    CFA Full Form: Admissions 2025, Course Details, Duration, Entrance Exam, Salary, Job Prospects
    CFA Full Form

    CFA Entrance Examination - Overview

    If one is aspiring to take up the CFA course, one should definitely know more than just the CFA course full form. Candidates should be aware of all the details related to the CFA program. Given below in the table are the important highlights of the CFA programme.

    Chartered Financial Analyst Programme Highlights

    CFA Full form

    Chartered Financial Analyst

    Duration of the program

    1.5- 4 years

    Exam Frequency

    Level 1 - Four times a year (February, May, August, November)

    Level 2 - Three times a year (May, August, November)

    Level 3 - Two times a year (February and August)

    Conducting Body

    CFA Institute

    Eligibility Criteria

    Graduation in relevant discipline or 4 years of work experience

    Admission Process

    CFA Entrance test- Level 1, Level 2 and Level 3

    Mode of examination

    Online

    Average Fee

    INR 2,50 000

    Popular Online Finance Courses and Certifications

    What is a CFA Course?

    The CFA full form is Chartered Financial Analyst or CFA program. It is a three level course designed by the Chartered Financial Institute. The CFA program is aimed at enhancing the profession of global financial management and investment management by producing qualified professionals. The programme also aims at inculcating global practise standards among the students. The CFA program has been divided into 3 levels and each level of Chartered Financial Analyst program has its own focus and relevance.

    Important - Check the Complete List of Full Forms

    CFA Course Eligibility

    Candidates must fulfill the CFA eligibility requirements in order to appear for the CFA exam. The eligibility requirements are different for each level. CFA aspirants are required to meet one of the following enrolment requirements as given in the table below.

    CFA Eligibility Requirements

    ParticularsDetails
    Bachelors' DegreeGraduation in any stream.
    Undergraduate student
    • Must be within 23 months of graduation to be eligible for CFA Level 1
    • Must be within 11 months of graduation to appear for CFA level 2

    Professional work experience4,000 hours of qualified, professional work experience
    Combination of work experience and educationWork experience and education is accrued over a duration of 36 months.

    Both must me sequential and must not overlap.
    IIC Lakshya CA Course

    Embrace the Esteemed Power of the Ultimate Signature

    Symbiosis Online Programs

    Online PG programs from Symbiosis Centre for Distance Learning


    In addition to the above, candidates are also required to meet the requirements relating to professional conduct. At the time of submitting their applications, candidates are required to sign Professional Conduct and Candidate Responsibility statements.

    For complete details-

    Who should pursue a CFA program?

    One should opt for a particular course based on one's interests, skill sets and end goals. CFA course is aimed at producing skilled finance professionals in the field of investment analysis and portfolio management. Some categories of students or professionals who can take up the CFA program are given below:

    • Fresh Graduates: Candidates who have just passed their graduation and are looking for a career in investment finance segment can choose CFA program. Completing all CFA levels would mean that the candidate is well equipped with all the world class knowledge related to the field.

    • Investment Industry Professionals: Professionals working in the investment industry can also pursue CFA programmes to enhance their career prospects. The programme would significantly improve their understanding of the financial world. The CFA certificate would be recognition of their sills and a great addition to the resume.

    Lovely Professional University | B.Com Admissions 2025

    India's Largest University | NAAC A++ | 100% Placements Record | Highest CTC 2.5 Cr PA | 150 + Programmes across Multiple Disciplines

    Chandigarh University Admissions 2026

    NAAC A+ Accredited | Among top 2% Universities Globally (QS World University Rankings 2026)

    Relevance of CFA Programme

    Before starting an academic journey, students must be clear about the goals they want to achieve after completing a particular degree/course etc. There can be many advantages of completing the CFA programme and some of the major ones are given below:

    • Large Number of Job Opportunities: A Chartered Financial Analyst has great job opportunities waiting after the completion of the program. A number of sectors like Accounting, Auditing, Taxation, Financial Services and many more as a Chartered Accountant, Financial Advisor etc have jobs roles designed specially for CFAs.

    • Bigger Pay Cheque: Another great benefit that Chartered Financial Analysts get is that they can get good salary packages. The average salary will be around INR 4 Lakhs- 40 Lakhs per annum on completion of CFA course

    • Prestige and Status: Having a CFA title with one's name is a matter of great prestige in the society. CFAs are held in high regard due to their financial knowledge and reputation of the CFA course.

    CFA Program Curriculum

    The CFA programme curriculum consists of 10 subject areas. Each of these subjects has a different weight in different levels of CFA. The two tables given below describe the subject areas and also the weightage given to them. Some areas such as quantitative methods, financial reporting and analysis and corporate finance have 0% weight and are not included in the CFA syllabus for Level 3.

    CFA Syllabus Subjects and Topics

    CFA Subjects

    Topics

    Aim of Study

    Ethical and Professional Standards


    • Professional Standards of Practice
    • Ethical Practices
    • Asset Manager Code of Professional Conduct
    • Presentation of Performance Results (GIPS)
    • To understand about the ethics and related challenges to ethical behavior.

    • Know the about the role that ethics and professionalism play in the investment industry

    Financial Statement Analysis

    • Analysis of Financial Statements
    • Financial Reporting Quality
    • Analysis of Off-Balance-Sheet Assets and Liabilities
    • Analysis of Stock Compensation and Other Employee Benefits
    • Analysis of Intercorporate Investments and Business Combinations
    • Analysis of Global Operations
    • Building a Company Financial Model
    • Ratio and Financial Analysis
    • Financial Analysis of Banks and Insurance Companies
    • ESG considerations in Financial Statement Analysis
    • Aims to provide thorough explanation of financial reporting procedures

    • Understand the standards that govern the financial reporting disclosures

    Equity Investments

    • Types of Equity Securities and Markets
    • Fundamental Equity Analysis
    • Valuation of Individual Equity Securities
    • Equity Market Valuation
    • Equity Portfolio Management
    • ESG considerations in Equity Investments
    • Understand the workings of equity investments, security markets, and indexes

    • Know how to analyze industries, companies, and equity securities as well as the use of basic equity valuation models

    Fixed Income

    • Types of Fixed Income Securities and Markets
    • Fundamental Fixed Income
    • Term Structure Determination and Yield Spreads
    • Valuation of Individual Fixed Income Securities
    • Analysis of Interest Rate Risk
    • Analysis of Credit Risk
    • Valuing Bonds with Embedded Options
    • Structured Products
    • Fixed Income Portfolio Management Strategies
    • ESG considerations in Fixed Income
    • Learn about the fixed income securities and their yield measures, risk factors, markets, and valuation measurements.

    • Calculating yields, the securitization of assets, fixed income securities, bond returns and risks, credit analysis.

    Corporate Issuers/ Finance

    • Corporate Structures and Strategies
    • Corporate Ownership and Governance
    • Risk Factors (including environmental and social)
    • Corporate Financing Decisions
    • Corporate Actions, Combinations, and Restructuring
    • Introduction to corporate governance

    • Know the growing impact of environmental and social considerations in investing

    Quantitative Methods

    • Time Value of Money
    • Probability Distributions and Concepts
    • Sampling and Estimation
    • Regression Analysis
    • Artificial Intelligence/Machine Learning and Big Data Analysis and Applications
    • Time-Series Analysis
    • Back-testing, Simulation, and Scenario Analysis

    Exploring about quantitative concepts and techniques used in financial analysis; investment decision making

    Economics

    • Market Forces of Supply and Demand
    • The Firm and Industry Organization
    • Business Cycles
    • Inflation and Deflation
    • International Trade and Capital Flows
    • Currency Exchange Rates
    • Monetary System, Monetary and Fiscal Policy
    • Economic Growth and Development
    • Effects of Regulations
    • Economic Analysis and Setting Capital Market Expectations
    • Effects of Geopolitics on Economies and Investment Markets
    • Applications of Economic Factors in the Investment Process
    • To analyse the fundamental concepts of supply and demand

    • Understand various market structures, macroeconomic concepts and principles

    Portfolio Management and Wealth Planning

    • The Investment Policy Statement
    • Modern Portfolio Management Concepts
    • Investment Vehicles (including ETFs and Mutual Funds)
    • Market Efficiency and Passive Investing
    • Market Indexes
    • Behavioral Finance
    • Environmental, Social, and Governance (ESG) Investing
    • Management of Individual/Family Investor Portfolios
    • Tax Impact of Investment Decisions
    • Management of Institutional Investor Portfolios
    • Investment Manager Selection
    • Asset Allocation
    • Portfolio Construction and Revision
    • Currency Management
    • Liability – Driven Investments (including Asset Liability Management and Goal-Based Investing)
    • Risk Management (including environmental risk)
    • Execution of Portfolio Decisions (including Trading and Market Microstructure)
    • Performance Attribution and Appraisal

    Learn about the fundamentals of risk and portfolio management

    Derivatives

    • Types of Derivative Instruments and Markets
    • Valuation of Forwards and Futures Contracts
    • Valuation of Option Contracts
    • Valuation of Swap Contracts
    • Uses of Derivatives in Portfolio Management
    • Valuation concepts such as swaps, forwards, futures, and contingent claims

    • Conceptual framework related to derivative markets and derivatives

    Alternative Investments

    • Types of Alternative Investments
    • Real Estate
    • Real Assets (including Infrastructure, Timber and Farm Land)
    • Private Capital (including Private Equity, Private Credit and Venture Capital)
    • Hedge Funds
    • Commodities
    • Alternative Investments Portfolio Management
    • ESG considerations in Alternative Investments

    Know about edge funds, commodities, private equity, real estate, and infrastructure


    CFA Subjects and Weights

    CFA level 1 Subjects

    CFA Level 1 TopicsWeight%

    Ethical and Professional Standards

    15 - 20%

    Quantitative Methods

    6 - 9%

    Economics

    6 - 9%

    Financial Statement Analysis

    11 - 14%

    Corporate Issuers

    6 - 9%

    Equity Investments

    11 - 14%

    Fixed Income

    11 - 14%

    Derivatives

    5 - 8%

    Alternative Investments

    7 - 10%

    Portfolio Management

    8 - 12%


    CFA level 2 subjects 2025

    Subjects in CFA Level 2

    Weightage
    Quantitative Methods5-10%
    Economics5-10%
    Financial Reporting and Analysis10-15%
    Corporate Issuers5-10%
    Equity Valuation10-15%
    Fixed Income10-15%
    Derivatives5-10%
    Alternative Investments5-10%
    Portfolio Management10-15%
    Ethical and Professional Standards10-15%


    CFA Level 3 Subject Weightage (New)

    CFA level 3 topicsWeightage
    Asset Allocation15-20%
    Portfolio Construction15-20%
    Performance Measurement5-10%
    Derivatives and Risk Management10-15%
    Ethical and Professional Standards10-15%
    Pathways (Portfolio Management or Private Market or Private Wealth)30-35%


    Quick Links-

    CFA Exam Pattern

    Each of the three levels of CFA follows a different pattern. Given below in the table is the detailed exam pattern of the CFA exams.

    CFA Exam Pattern - All Levels

    Exam

    CFA Level I Exam Pattern

    CFA Level II Exam Pattern

    CFA Level III Exam Pattern

    Morning Session

    90 Questions

    88 Qs in 10 Case studies

    Item sets comprised of vignettes with accompanying multiple-choice items and constructed response (essay) questions.



    Afternoon Session

    90 Questions

    88 Qs in 10 Case studies

    Duration

    2 hours, 15 minutes each session

    2 hours and 12 minutes each session

    2 hours and 12 minutes each session

    Question type

    Multiple choice questions

    Vignette-supported multiple-choice questions

    Vignette-supported-

    • essay questions
    • multiple choice questions

    Exam Months

    • February
    • May
    • August
    • November
    • February
    • August
    • November
    • May
    • August

    CFA Courses Fees

    In order to register for the CFA exam, candidates have to pay different types of fees such as one time enrolment fee during CFA Level 1. They also have to pay the registration fee which is available at a discount in case of early registration. Then there is an exam rescheduling fee if the candidate want to reschedule the test. At present the CFA fee structure is as per the particulars given in the table below.

    CFA Course Fees

    Particulars

    Fees

    CFA enrollment fee

    USD 350

    Early registration fee

    USD 1140

    Standard registration fee

    USD 1490

    Rescheduling feeUSD 250

    Student Also Liked:

    CFA Career Prospects

    CFA is becoming one of the most rewarding career choices for finance professionals in India and around the world. The CFA designation is valued by employers for different types of roles and functions in the global sector of finance. Below are the typical jobs available for CFA chartholders.

    Portfolio Management: The job of a portfolio manager is to make investment decisions. Portfolio managers devise and implement investment processes and strategies to meet the requirements and goals of the clients. According to the 2019 CFA Institute Compensation Study, portfolio managers enjoy a global total compensation of US$177,000 with US$126,000 as a base salary.

    Research Analysts: In the investment industry, there are two types of research roles - credit analysts and equity analysts. The role of both these types of analysts is to collect data about investable companies. Credit analysts' role centers around analyzing bonds and default risks. On the other hand, equity analysts analyze the performance of companies. According to the 2019 CFA Institute Compensation Study, research analysts have reported a global total compensation of US$140,000 with US$100,000 as base salary.

    Investment Consultant: The role of investment consultants is to advise their clients on which funds, asset classes, and countries to invest in. Their clients may include asset owners, fund managers, and trustees. In the 2019 CFA Institute Compensation Study, investment consultants reported a global total compensation of US$131,000 with US$106,000 as base annual salary.

    Risk Analysts and Risk Managers: Companies hire risk analysts and managers to minimize the likelihood of negative impacts from a variety of factors. These factors may include operational risks like unethical human behavior, natural disasters, financial risks like credit and interest rate risks etc. According to the 2019 CFA Institute Compensation Study, risk analysts and managers reported a global total compensation of US$129,000 with US$105,000 as base salary.

    CFA Top Recruiters in India

    Here is the list of top recruiters for different CFA levels qualified candidates:

    India's top Recruiters for CFA’s

    Recruiters

    Salary Package (lakh per annum)

    The Goldman Sachs Group

    Rs. 3,00,000 – 25,00,000

    Morgan Stanley

    Rs. 4,00,000 – 30,00,000

    J.P Morgan

    Rs. 5,00,000 – 40,00,000

    Citigroup

    Rs. 4,00,000 – 30,00,000

    Credit Suisse

    Rs. 10,00,000 – 40,00,000

    HSBC

    Rs. 3,00,000 – 25,00,000

    Crisil

    Rs. 4,00,000 – 25,00,000

    Deloitte

    Rs. 6,00,000 - 30,00,000

    EY

    Rs. 6,00,000 - 35,00,000

    Bajaj Finance

    Rs. 4,00,000 – 12,00,000

    PWC

    Rs. 5,00,000 – 20,00,000

    KPMG

    Rs. 4,00,000 – 20,00,000

    SBI

    Rs. 5,00,000 - 15,00,000

    Standard Chartered Bank

    Rs. 8,00,000 – 40,00,000

    HDFC Bank

    Rs. 5,00,000 – 25,00,000

    CFA Salary in India

    CFA is known to provide good salary packages to its professionals. In recent years, CFA course has emerged as one of the best courses in therms of placements. The average salary of different job profiles for CFA professionals has been given below:

    CFA Average Salary Figures for different Job Profiles

    Job Role

    CFA Salary in India

    Chartered Financial Analyst

    Rs. 6,50,000

    Senior Financial Analyst

    Rs. 9,00,000

    Credit Analyst

    Rs. 6,30,000

    Financial Analyst

    Rs. 6,00,000

    Associate in investment banking

    Rs. 14,00,000

    Finance Manager

    Rs. 10,00,000

    Equity Research Associate

    Rs. 7,50,000

    Investment banker

    Rs. 15,00,000

    Portfolio Manager

    Rs. 18,00,000

    Senior Business Analyst

    Rs. 12,00,000

    Equity Analyst

    Rs. 5,00,000

    Senior Analyst, Finance

    Rs. 18,00,000

    Vice President in Finance

    Rs. 30,00,000

    Frequently Asked Questions (FAQs)

    Q: Is CFA higher than CA?
    A:

    CFA is considered comparitively easier than CA because of its higher pass percentage. 

    Q: Is CFA better than MBA?
    A:

    CFA curriculum revolves around finance and investment management. On the other hand, MBA course offers specialisations in different areas such as finance, marketing, HR, operations etc. So, it depends upon the personal preference and learning needs of the candidate. 

    Q: What is CFA qualification?
    A:

    The CFA course is a three level programme and a designation given to persons who have completed the three levels by the CFA Institute. The course trains professionals in the field of finance and investment management. Every year thousands of candidates appear for the three levels of the Chartered Financial Analyst course. 

    Q: Where can I find the study material of CFA exams?
    A:

    The Institute uploads the study material for CFA exams, level wise on the official website. The CFA study material can be downloaded in PDF format. 

    Q: What is CFA in salary?
    A:

    CFA could be a rewarding career as investment management professionals are in good demand worldwide.

    Q: What is CFA course duration after graduation
    A:

    Taking into consideration the preparation time and work experience requirement , it will take around 3-5 years to complete the CFA course.

    Articles
    |
    Upcoming Finance Exams
    Ongoing Dates
    Application Date

    3 Mar'26 - 16 Mar'26 (Online)

    Ongoing Dates
    Application Date

    3 Mar'26 - 16 Mar'26 (Online)

    Upcoming Dates
    Application Date

    10 Apr'26 - 10 Apr'26 (Online)

    Certifications By Top Providers
    Management of Commercial Banking
    Via Indian Institute of Technology Kharagpur
    Direct Tax Laws and Practice
    Via Tezpur University, Tezpur
    Introduction to Accounting-Part 1 Basics of Financial Statements
    Via Indian Institute of Management Bangalore
    Fundamental of Insurance
    Via Madurai Kamaraj University, Madurai
    Adaptive Markets Financial Market Dynamics and Human Behavior
    Via Massachusetts Institute of Technology, Cambridge
    Udemy
     192 courses
    Edx
     174 courses
    Vskills
     52 courses
    Swayam
     49 courses
    Coursera
     47 courses
    Futurelearn
     40 courses
    Explore Top Universities Across Globe