The constant demand for finance professionals has led many aspiring students to prepare and appear for finance entrance exams. The finance domain offers attractive career opportunities and students are always on the lookout for the top finance exams that will lead them on the path to a successful career. Among the popular finance exams in India are exams such as Chartered Accountancy exams, Chartered Financial Analyst (CFA) Exams, Cost and Management Accountant exams (CMA), and Company Secretary (CS) exams.
Levels of Finance Exams In 2024
The finance exams usually consists of three levels of exams. The first level is often referred to as the Foundation level which is often the finance entrance exam for the next level. The subsequent levels gradually increase in complexity in terms of the syllabus. The syllabus of finance exams covers subjects such as advanced accounting, finance management, risk management, taxation, and portfolio management. Given below are the different levels for the four popular finance exams in India.
Finance Exam Levels
Eligibility Criteria for Finance Exams in India 2024
Usually, the minimum educational qualification for the foundation level of finance exams in India is a pass in Class 12th. The candidates must also register with the professional body that oversees the exam within the prescribed deadline. Candidates who clear the foundation level become eligible for the next level.
The finance exams also offer a direct entry route into the Intermediate level. To become directly eligible for the inter-level, candidates must have completed graduation with the prescribed minimum marks. Such candidates are also required to complete their registration with the professional body within the deadline to be able to appear for the exam. Once candidates clear the Intermediate level, they become eligible to register for the third or final level of the finance exam.
Finance Exams Eligibility Criteria 2024
Particulars | Eligibility |
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Foundation level | 10+2 or equivalent with minimum prescribed marks |
Inter level | Graduation with the minimum prescribed marks or pass in foundation level |
Final | Pass in Inter level and completed the work experience requirements |
Work Experience for Finance Exams in India
Most of the top finance exams also require the candidates to obtain practical work experience after completing the intermediate level. The work experience requirement varies between 2-3 years of practical work under a certified finance professional who has the concerned qualifications.
Once a candidate clears all three levels of finance exams, he or she must register themselves with the professional body that oversees that particular finance exam. The names of the bodies are given below.
Professional Bodies for Finance Exams in India
Exam name | Professional Body |
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CA | Institute of Chartered Accountants of India |
CMA | Institute of Chartered and Management Accountants of India |
CS | Institute of Company Secretaries of India |
CFA | Chartered Financial Analyst Institute |
ACET | Institute of Actuaries of India |