Chartered Financial Analyst®

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Chartered Financial Analyst®

What is Chartered Financial Analyst (CFA®)?

Chartered Financial Analyst® is a professional designation given by the CFA® Institute, USA (formerly
known as the Association for Investment Management and Research - AIMR) that measures the
competence and integrity of financial analysts. Candidates are required to pass three levels of exams
covering areas such as accounting, economics, ethics, money management and security analysis.

CFA® is a program offered by CFA® institute, USA. The candidate is required to study for and pass three
levels exams in a sequential order and meet other requirements to become the CFA® charter.

Why CFA®?
A CFA® certificate is one of the highest awards conferred in the investment industry. It is an
internationally recognized designation. Chartered Financial Analysts work for investment banks, mutual
fund firms, hedge funds, brokerage houses, boutique money managers. The CFA® designation
represents the definitive mark of a competent financial analyst bound to the highest standards of ethical
behavior. There are approximately 100000 charter holders world wide.

Who should do CFA®?

If you're interested in portfolio management, investment research, advisory services, or investment
banking, then CFA® is an option that you must consider. Employers across the globe know the value of
the CFA® charter and recognize the CFA® charter as the standard of professional excellence.
Therefore, CFA® gives you the edge and the advantage in the global employment market.

Average CFA® Salary

A Chartered Financial
®
Analyst's (CFA ) salary will
vary based upon job type,
years of experience,
employer type, and various
other factors. The best way
Source https://www.cfainstitute.org/cfaprog/charterholder/program/positions.html to get a feel for a Chartered
Financial Analyst's salary is
Average CFA® Salary to use averages within
those broad fields not
taking into account
company size, experience,
skills, degree, or location.
Using information gathered
from payscale.com, the
range of median based
upon job type is from
$61,209 for a corporate
financial analyst to
$145,820 for a chief
financial officer. In India the
payscales range from Rs. 4
lakhs for a financial analyst
to Rs. 8.25 lakhs for senior
financial analyst.

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How to become a CFA®?

Following are the steps for becoming the CFA® Charter

1. Meet the eligibility criteria

Step 1 One has to meet any one of the following requirements:
Meet the Program
Entrance • Have a bachelor's (or equivalent) degree
Eligibility criteria.
OR
• Be in the final year of your bachelor's degree program at the time of
registration.
OR
Step 2 • Have four years of qualified, professional work experience
Study for the OR
Program with
• Have a combination of work and college experience that totals at
Proschool
aleast four years (Note: Summer, part-time, and internship positions do
not qualify.)

2. Enroll with IMS Proschool and prepare for the exam

Proschool conducts classroom programs to train you for Level I exam. Refer
Step 3 Proschool Programs on the next page for more details
Register with
CFA® Institute, 3. Enroll and Register with the CFA® Institute USA
USA CFA® Program is offered by CFA® Institute, USA. Therefore one has to enroll
and register online with them on their website https://www.cfainstitute.org.
First time candidates are required to pay an enrollment fee along with the exam
registration fee for Level I exam. The enrolment fee is a one time fee, the
candidates have to pay only the exam registration fee subsequently.

Step 4 Registration with the CFA® usually opens about 11 months before each exam.
The Level I exam is held in June and December each year whereas Level II and
Apply for
Level III exams are conducted in June only.
Membership after
clearing Level 1
It is recommended that the candidates register for only one exam at a time, and
exam
must wait to receive their exam results before registering for the next exam.

4. Apply for Membership after clearing Level 1 exam

After clearing the Level I exam you have to apply for membership to CFA®
Step 5 Institute, USA. In case you already have four years of acceptable professional
Pass all 3 Levels of
work experience you may be considered for regular membership (required to
receive your CFA® charter). If you have less then 48 months of qualified work
exam
experience, you may be considered for affiliate membership.

5. Passing the examinations

You need to pass Level I, Level II and Level III exams successfully.

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Step 6 6. Work experience
Fulfill four years of Fulfill the four year of acceptable work experience criteria as required by the
work experience CFA® institute. You can acquire the required work experience while pursuing your
CFA® program or after completing all exams. Visit https://www.cfainstitute.org to
know the acceptable work experience criteria.

Step 7 7. CFA® Charterholder Membership

Become CFA® To qualify as a CFA® charterholder member, you must be a regular member and
Charterholder
have completed all three levels of the CFA® Program.

8. Maintain Your Charterholder Status

Step 8 Once you become a CFA® charterholder, you must comply with the CFA®
Maintain Charter Institute conditions, requirements, policies, and procedures for CFA®
holder Status charterholders and CFA® Institute members.

IMS Proschool Programs

IMS Proschool will be providing training for Level I exam. The classroom program is currently available in
Mumbai and Pune.

Classroom Program Classroom Program PLUS Live Virtual Classroom

REGULAR Program

• Six Months Program • Includes training for • Live Online Classes

Financial Modeling.
• Online Study Material • Online Study Material
• 250 hours Program
• Online Practice Test • Online Practice Tests
• Online Study Material
• Online Practice Test

Program Fees
Refer to the fee waiver policy below to know your waiver category.
Program Fee (Rs) Fee after Waiver
Group A Group B
CFA Classroom REGULAR 21509 21509 21509
CFA Classroom PLUS 54599 43679 32759
CFA LVC REGULAR 13236 13236 13236

IMS Proschool Fee Waiver Policy

• Waiver is available only on select variants.
• Fees are non refundable. Enrolment will be confirmed only on verification of the
supporting documents submitted.

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 • Refer to the table below to view which waiver category you belong before enrolling
for the Program.
• Kindly email a scanned copy of the relevant supporting document to
waivers@proschoolonline.com OR send a self attested photocopy of the same to
IMS Proschool Mumbai

Variant Waiver
Group A: No Waiver
CFA Classroom REGULAR
Group B: No Waiver

Group A: 20% Waiver

CFA Classroom PLUS
Group B: 40% Waiver
Group A: No Waiver
CFA LVC REGULAR
Group B: No Waiver
Waiver Category
Group A Supporting Documents Required
MBAs/ candidates pursuing MBA College ID cards

Existing/Past IMS Students (CAT, CET, GMAT & other

IMS PIN
exams)

IT professionals with 2 or more than 2 yrs of work experience Work experience letter

Chartered Accountants/ICWAs Degree certificate OR Marksheet

Relationship Managers with two or more than two years of

Work experience letter
work experience.

Group B Supporting Documents Required

Existing/Past IMS Proschool Financial Planning &

Financial Modeling Students IMS PIN

Program Content
Proschool will be training you for Level I of CFA® exam. The training would be on each of the following
areas.
• Investment Tools
™ Quantitative Methods
™ Economics
™ Financial Reporting and Analysis
™ Corporate Finance
• Asset Classes
™ Equity Investment
™ Fixed Income
™ Derivatives
™ Alternative Investments
• Portfolio Management and Wealth Planning
• Ethical and Professional standards

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 Module 1- Investment Tools
Quantitative Methods
Economics
Financial Reporting and Analysis
Corporate Finance
Time value for money
Discounted Cash Flow Applications
Statistical concepts and Market Return
Probability Concept
Common Probability Distributions
Sampling and Estimations
Hypothesis and testing
Technical Analysis
Elasticity
Efficiency and Equity
Markets in Actions
Organizing Productions
Output and costs
Perfect Combinations
Monopoly
Monopolistic competition and oligopoly
Market for factors of productions
Monitoring jobs and price levels
Aggregate supply and aggregate demand
Money ,Price level and inventory
US Inflation Unemployment and business cycles
Fiscal policy
Monetary Policy
An overview of central banks
Introduction to Financial Statement Analysis
Financial Reporting Mechanics
Financial reporting Standards
Understanding the Income Statement
Understanding the Balance Sheet
Understanding the Cashflow System
Inventories
Long Lived Assets
Income Taxes
Long Term Liabilities
Financial Analysis Techniques
Reporting qualities -Red flags and accounting warning
signs
Accounting Shenanigans on the Cash Flow Statement
Financial Statement Analysis
International Standard Convergence
Capital Budgeting
Cost of Capital
Working Capital Management
Financial Statement Analysis
The corporate Governance of Listed Companies
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 Module 2 - Asset Classes
Organizations and functioning of Securities market
Security Market Indexes
Efficient Capital Markets
Market efficiency and Anomalies
Equity Investment
An introduction to Security Valuations
Industry Analysis
Company Analysis and Stock Valuations
Introduction to Price Multiples
Features of debt and securities
Risks associated with investing in bonds
Overview of bond sectors and instruments
Understanding yeild spread
Introduction to the valuation of debt securities
Fixed Income and Alternative Investments
Yeild measures ,spot rates ,forward rates
Introduction to the measurement of intrest rate risks
Understanding yeild spreads
Alternative investments
Investing in commodities
Derivative markets and instruments
Forward markets and contracts
Future markets
Derivatives
Contracts option markets
Swap markets and contract
Risk management applications of option strategies

Module 3 - Portfolio Management and Wealth Planning

The assest allocation decisions
Portfolio Management and Wealth Planning An introduction to portfolio Management
An introduction to Asset pricing models

Module 4 - Ethical and Professional Standards

Code of ethics and professional standards
Guidance for Standard 1-8
Ethics
Introduction to global investment performance standards
Global investment performance standards

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Financial Modeling Topics
Those opting for CFA Classroom Program PLUS will be taught the following topics in Financial Modeling
in addition to the CFA Modules.

Financial Modeling
1 Introduction to Data Gathering and Financial Modeling
2 Prepare Income Statement (IS)
3 Prepare Balance Sheet (B/S)
4 Prepare YTD Cash Flow Statement (CFS)
5 Prepare Geographic Revenue Sheet (GRS)
6 Prepare Segment Revenue Sheet (SRS)
7 Prepare Cost Statement (CS)
8 Prepare Debt Sheet (DS)
9 Analyze Revenue Drivers (ARD)
10 Forecast Geographic Revenues
11 Forecast Segment Revenues
12 Forecast Cost Statement
13 Forecast Debt
14 Proforma Adjustments
15 Income Statement - Compute Margins
16 Forecast Income Statement - Part A
17 Forecast Income Statement - Part B
18 Balance Sheet -Compute Ratios
19 Forecast Balance Sheet
20 Quarterly CFS and schedules
21 CFS Projection
22 CFS Projection - Part A
23 CFS Projection - Part B
24 Basics Of Valuation
25 Valuation- Discounted Cash Flow Method (DCF)
26 Valuation – Relative Valuation
27 Valuation – Assumptions for Valuation Model
28 Prepare Valuation Model
29 Prepare Valuation Model - Part A
30 Prepare Valuation Model - Part B
31 Prepare Valuation Model - Part C
32 Prepare Presentation Sheet(PS)
33 Prepare Presentation Sheet(PS) -Part A
34 Prepare Company Overview (CO)
35 Prepare Company Overview (CO) - Part A

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About CFA®

CFA® Curriculum

The CFA® program curriculum is determined by the Candidate Body of Knowledge™ (CBOK). The broad
areas along with their weights in each exam is as follows.

Topic Area Level I Level II Level III

Ethical and Professional 15 % 10% 10%

Standards
Investment Tools:
Quantitative Methods 12% 5-10% 0%
Economics 10% 5-10% 0
Financial Reporting and 20% 15-25% 0
Analysis
Corporate Finance 8% 5-15% 0
TOTAL 50% 30-60% 0
Asset Classes
Equity Investments 10% 20-30% 5-15%
Fixed Income 12% 5-15% 10-20%
Derivatives 5% 5-15% 5-15%
Alternative Investments 3% 5-15% 5-15%
TOTAL 30 30-75 25-65

Portfolio Management and 5 5-15 45-55

Wealth Planning

Source:https://www.cfainstitute.org/cfaprog/courseofstudy/topicareaweights.html. Actual exam weights may vary

slightly from year to year.

CFA® Examination

Level 1 Level 2 Level 3

When is the test June and Dec June June
conducted?
Where is the test Various locations across the world. In India it is currently being conducted
conducted? only in Mumbai.
Type of test computerized computerized computerized
Type of Ques Multiple choice Mini case lets followed Essay type + Mini
by multiple choice caselets followed by
questions multiple choice
questions
No of Questions 240 360 360
Total Marks 240 360 360
Test Duration Six hours – (3 hrs Six hours - (3 hrs Six hours - (3 hrs
morning & 3 hrs aft) morning & 3 hrs aft) morning & 3 hrs aft)
Exam Fee USD 710 + USD 400 USD 710 USD 710
for first time
candidates
* The exam registration fee is in USD and subject to change therefore it is recommended that you visit website
https://www.cfainstitute.org/cfaprog/register/fees.html for latest exam fee.

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How to enrol for IMS Proschool Programs?
You can enrol online for the program on www.proschoolonline.com OR send the duly filled Application
Form (attached to this prospectus) along with the following documents to Proschool Centre (Mumbai or
Pune) where you would like to attend the program.
i. Two passport size colour photographs.
ii. Self-attested photocopies of the highest qualification till date.
iii. The payment has to be made by Demand Draft. The DD should be drawn in favour of “IMS Proschool
Pvt Ltd.” payable in Mumbai.
iv. Those applying for waivers, need to attach the supporting documents for the waiver
Note:

• Proschool reserves the right to accept or reject any application without assigning any reason thereof.

• Incomplete application forms or application forms which are not accompanied with relevant documents will not be
processed.

About IMS Proschool

At IMS, our goal for the past 33 years has been simple - Build a long term successful career. Proschool is
an IMS initiative and an extension of the same mission although the route is different.

Economic growth over the past decade has created new opportunities for graduates & professionals and
Proschool is helping them to tap these opportunities. Proschool’s goal is to provide relevant skills to
graduates & professionals in the shortest possible time which will enable them to perform under
challenging business environment.

IMS Proschool Success

• Created over 500 Associate Financial Planner's

• Created over 100 CFP's in short span of 24 months
• Trained over 6000 candidates on Financial Planning and Wealth Management
• More than 2000 candidates who are pursuing Financial Planning Education.

IMS Proschool Programs

• Professional Program in Financial Modeling

• Financial Planning Education

What makes Proschool Programs unique?

• Focused, practical and relevant programs.

• Short duration.
• Online Classroom and Regular Classroom Programs available.
• Range of options to choose from
• Course Content developed with inputs and feedback from industry.
• Programs are delivered by industry practitioners.

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Trainer to the Industry

• State Owned Banks – SBI, BOI, SBBJ, IDBI

• Foreign Banks – CITI, Deutsche
• Security Houses –Kotak Securities, ICICI Direct, Motilal Oswal, Tata Securities
• Mutual Fund Companies – Sundaram BNP Paribas, Optimix.
• Insurance Companies – ICICI Prudential

Institutional Tie- ups

• Partner of NISM, an initiative of SEBI (Security Exchange Board of India), to create Financial
Planning proficiency among students across India.
• NSE India for Financial Modeling Certificate program administration.

www.proschoolonline.com

Mumbai Pune
IMS Proschool Pvt Ltd IMS Proschool Pvt Ltd.
Maharashtra High School Complex 1st Floor, Anandi Vilas
Principal N.M. kale Marg, 1206/24B, Shivajinagar
Gokhale Road (S), Pune – 411004
Dadar
Mumbai – 400028

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