The Institute of Chartered Financial Analysts of India (ICFAI), a non-profit organisation, which was established in 1984, with the objective of imparting high-quality training in finance and management to students, working executives and professionals in India. ICFAI launched the Chartered Financial Analyst (CFA) Program in 1985 and since then has been instrumental in developing a new cadre of finance professionals in India. ICFAI functions under the overall guidance of the Board of Governors comprising leading consultants, senior IAS Officers, bankers and corporate executives. The Academic Council of ICFAI comprises of practitioners and distinguished academicians from IIMs and other leading educational institutions. ICFAI is credited with a team of qualified and experienced professional staff and faculty members.
Nature of Work:
Upon successful completion of the programme the candidates are awarded the degree and designation of Chartered Financial Analysts. ICFAI being closely associated with such institutes all over the world including the USA, Japan, Norway, France, Singapore etc, the successful candidates may seek careers not only in India but also abroad. At present over 150 CFAs have found placements in several banks, financial institutions and corporate sector. In these fields, the CFAs occupy the key position with lucrative salary and perks like Appraisal Executives, Fund Managers, Investment Managers, Financial Analysts, Manager Hire Purchase, Manager Portfolio Management, Financial Consultants, Investment Advisors etc, Plethora of mutual Funds and hire purchase companies during the recent years have increased the employment opportunities for CFAs manifold.
Any graduate in any discipline from a recognized university is eligible to seek admission to the Programme, which is made on the basis of an admission test. The students appearing in the final year examination of graduation are also eligible. However, MBAs, Post Graduate Diploma Holders in Management, CAs, CWAs, CSs, CAIIBs, first class graduates/post-graduates and senior executives with ten years of service in the public sector or the private sector may seek exemption from the admission test. The admission test aims at testing the aptitude of the candidates for professional studies in financial analysis. Hence the test places emphasis on the test of quantitative reasoning. The admission test is held four times in a year i.e. in the months of January, April, July and October at 24 centres spread all over the country The candidates who are successful in the admission test and those who are exempted from passing the admission test are enrolled for the Programme.