Agenda

01 Overview CFA Institute

02 The CFA Programme 03 CFA Benefits 04 Work Profiles 05 Employers 06 Industry Recognition 07 Fees and Deadlines for Dec 2011 08 Knowledge Varsity Offering 09 What it takes to pass the exam 10 Contact Information
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CFA Institute : Overview

CFA Institute is based out of Charlottesville, Virginia

Formerly known as AIMR (Association of Investment Management and Research ) Global, Non-profit organization

Nearly 108,000 members world-wide

Leads the investment profession globally by setting the highest standards in ethics, education and professional excellence Globally recognized gold standard in investment management Global in design and outlook Rigorous broad based intensive self study graduate level program Benefits include: International recognition and competitive advantage in job market Solid knowledge base and skill sets Respect and Credibility Connections over 95,000 charter holders across the globe!

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The CFA Programme : Overview

COE
CCC

EXAMINATIONS
EXAMINATION

CURRICULUM

ADMINISTRATION

BODY OF KNOWLEDGE

Practitioners at every step of the process

GRADING

PRACTICE ANALYSIS

MINIMUM PASSING SCORE (MPS) CFA INSTITUTE GOVERNORS

Source: CFA Institute Website

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The CFA Programme : The 3 Levels

CFA Charter consists of : 3 Exams also called 3 Levels Sequential program: Candidates have to pass Level 1 before Level 2 Self study driven, based on reading assignments designed by the CFA Institute
Level 1 : Foundation

Focus is on the knowledge of the Investment Tools

Focus is on understanding of the Asset Valuation techniques

Level 2 : Valuation

Level 3: Application

Focus is on Portfolio Management

Exam Type Level I is 100% multiple choice Level II is 100% item set Level III is 50% item set, 50% essay Exams is conducted in two sessions of 3 Hours each (Morning and Afternoon)

Eligibility Graduate from any discipline Final Year students may also register to give the Level I exams No Work Experience requirements for appearing for the exams Minimum of 48 months relevant experience to receive charter
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Course Structure
Topic Areas Level I Level II Level III

Ethics/ Professional Standards

Quantitative Methods

15%
12% 10% 20%

10%
5 - 10% 5 - 10% 15 - 25%

10%
0% 0% 0%

Investment Tools

Economics Financial Statements Analysis

Corporate Finance
Equity Analysis

8%
10%

5 - 15%
20 - 30%

0%
5 - 15%

Asset Valuation

Fixed Income Derivatives

Alternative Investments

12% 5%
3%

5 - 15% 5 - 15%
5 - 15%

10 - 20% 5 - 15%
5 - 15%

Portfolio Management

Portfolio Management and Performance Presentation

5%

5 - 15%

45 - 55%
Source: CFA Institute Website
Page No.

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CFA Benefits Current & Application driven

CFA Program is developed by practitioners. At the end of the program, candidate should be ready with knowledge and skills required to perform professional responsibilities such as constructing a portfolio or conduct valuations independently.
CFA Program is global in scope and not country specific. Candidate should be in a position function in markets across the globe. This further opens up job opportunity. Once a student acquires a CFA, then he/she can access all of the materials developed over time from CFA website such as videos, research articles, conferences etc. The Monetary Authorities in Singapore, Greece, Turkey, Hong Kong, Thailand, the United Kingdom, and in seven Canadian provinces U.S. SEC grants blanket exemption for CFAs from passing licensing examination.

Global scope and Opportunity with global firms:

Life Long Learning Program

Regulatory Waivers

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Work Profiles
The work performed by a CFA can be extremely challenging and rewarding in
monetary terms and in terms of professional satisfaction. The areas where a CFA can use his skills are:

Security Valuation Portfolio Management Investment management Venture capital management Credit rating Corporate Finance Risk Management Financial Management Business Analysis Operations Analysis Analytics Consulting Project Management Information Technology

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Employers
An increasing number of employers worldwide are requiring the CFA charter (or at least participation in the Programme) for hiring and promotion
An increasing number of employers worldwide are substituting the CFA charter for graduate degrees when establishing job specifications.

Employers with largest number of charter holders

Bank of America Merrill Lynch Barclays Morgan Stanley Citigroup Prudential Goldman Sachs J P Morgan Deutsche Bank Credit Suisse Fidelity Investments Northern Trust State Street

Most of the above firms have their offices in India hence providing attractive employment opportunities for the CFA candidates
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Industry Recognition
CFA Charter has been around for 50 years and is considered as the gold standard
in financial education and has wide industry acknowledgement A Russell Reynolds study quoted on the CFA Institute website talks about CFAcharter holding individuals out-earning their peers by over 50 pc across experience

levels. The study also mentions that between a CFA and an MBA it is the CFAs who demand a higher average salary
The study also mentions that the combination of the charter and an M.B.A. ultimately proves to the most lucrative educational mix The Financial Times in an article mentions that the value of the charter is even higher in Asian economies like India and China because of the credential oriented

culture. MBAs looking to enhance their finance credentials almost always end up taking CFA route as an entry strategy in to I-Banks
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07 Fee Structure & Deadline for Dec 2011

Dec 2011 CFA Exam - Level I Payment deadlines 16 Mar 2011: 24 Aug 2011: 14 Sep 2011: CFA Registration
(new candidates only)

+
+ + +

Exam Fees

E book discount $40 $40 $40

Total cost $995 $1085 $1420

$405 $405 $490

$630 $720 $970

= = =

Dec 2011 CFA Exam - Level I Payment deadlines CFA Registration

(new candidates only)

+
+ +
+

Exam Fees

Shipping Charge

Total cost

16 Mar 2011: 24 Aug 2011:

14 Sep 2011:

$405 $405
$490

$630 $720
$970

$20 $20
$20

= =
=

$1055 $1145
$1480
Source: CFA Institute,

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Knowledge Varsity Offering

Comprehensive coaching

Covers entire syllabus for Level 1 CFA (USA) exam Get Certification in Financial Analysis from Knowledge Varsity

Excellent Faculty Cost Effective Flexible Learning

Contact classes on Sunday In each class key concepts and problems will be discussed Around 50-75 questions per topic area will be given as home work Candidates are expected to complete the homework before the next class Online sample test for each topic area to be completed by candidates Interactive and collaborative environment
Class handouts and notes which focus on key points Homework assignments (in total more than 1500 problems) Topic wise mock tests with feedback for improvement Full length offline tests Detailed analysis & comparison Pre-class video content Review Notes Condensed notes for review
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High Quality Content

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What it takes to pass the exam

Hard Work

All of us are employed, but to grow in our career effort is required 10 12 hours of work per week is the minimum requirement CFA Institute recommends 250 hours of preparation In our view you would need around 400-500 hours for preparation Identification of strength and weak area topics by weight Master the area that carry higher weight and excel in easy topics

Planning

Review the concepts covered in class

Focus on what the instructor is stressing, read the concepts Get your doubts covered in class no doubt is silly Work in a team to understand the difficult and tricky area
Fully understand the concepts and their application to problem solving Without solving questions, it is very difficult to pass CFA Complete the online sample examination Take 2 offline tests to ensure that you are geared for the grueling 6 hours Take CFA mock exam paper

Solve exam questions

Practice makes man perfect!

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