India needs many more CFA professionals

The US-based CFA Institute wants to hold its exams in India soon, which will definitely come as a relief to Indian chartered financial analysis (CFA) candidates who currently have to go abroad to write the test.

Any graduate can become a finance professional after clearing three levels of the exam. The course is done through self-study (distance mode) and one can gain four years of mandatory experience at any level in the finance industry before, dur- ing or after the exams. Dr Ashvin P Vibhakar, managing director, Asia Pacific, CFA Institute, reveals more about the course and its rele- vance in India.

In India, very few students take CFA as a serious profession. India has 12,000 students registered to appear for the CFA exam this year. After the United States, China and Canada, India stands fourth in terms of the number of CFA students. The demand for finance professionals in India, an emerging economy, is really huge and many more chartered financial analysts are needed to fill the gap.

An MBA in finance can be a complementary degree for finance professionals but CFA s a certification that entitles you to become the member of a global association of finance professionals. And the uniqueness of this course is that it is administered, governed and ontrolled by professionals and not academicians. Our curriculum earnestly focuses on ethics and even professionals who are involved in its unctioning should have exhib- ted a high degree of ethical behaviour in their professional ives.

Currently, there are 440 CFA Professionals in india but nearly 680 have their certification pending, as of now, and as I said earlier, 12,000 students are going to appear for he exams this year. Though he current number of profesionals is low, it is expected to oar in the coming years.

Level-I of the CFA exam is administered globally twice a year, in June and December, and Levels-II and III are administered just once a year, in June.

Article Posted By : Madhuri Vats Hi, I am writing this article in behalf of India Academic and after read this article you will get an idea about colleges and universities for CFA Professional.