Career in Managing Finances
It is a demanding and difficult course, but then the career opportunities are many.
The ever-changing financial scenario opens new ways and means for managing financial portfolios. This has created a niche that can be filled by a person trained as a Chartered Financial Analyst to handle financial matters taking into account all its ramifications.
A financial analyt should have two traits, the first being an ability to work well with numbers and the second being the ability to convey his viewpoint in a precise and comprehensive manner
Stages to Become a CFA
To become a certified Chartered Financial Analyst , a person has to complete a post-graduate CFA programme. This CFA programme can be studied through correspondence. It is conducted by the Institute of Chartered Financial Analysts of India(ICFAI). And on completion of the course one can become a member of the ICFAI.
The Chartered Financial Analysts Course of the ICFA is recognized by the Indira Gandhi National Open University as an equivalent to a post-graduate degree.
So a CFA is eligible for admission to Ph.D.programmes in management. Many American Universities also recognize the programme and accept it as an eligibility criterion for the pursuit of Ph.D.studies
Eligibility:
The CFA courses is opted for by both students and employed executives. A bachelors degree is the basic qualifications for CFA. Fresh graduates and also students in the final year of the bachelor degree courses are eligible for the admission test . The pree-qualification of a graduate degree is waived in the case of commissioned defence personnel who have five years of experience.
Admission
Admission this course is based on an entrance exam Keeping in view the traits needed to be successful CFA, the admission test attempts to test the candidates verbal skills and quantitative reasoning abilities.
Natural of Study
This course is conducted through correspondence. The institute sends study material at regular intervals to the students. This is supplemented with conduct programmes in the form of weekend workshops held at major metros like Bangalore,Chainni ,Mumbai, Delhi, Hyderabad and Calcutta
Courses Structure
Foundation Courses: This is a beginners course. Those with professional qualifications like MBA,CA,ICWA and M.Com.are exempt from the foundation course Others can apper for the qualifying exam for the foundation module three months after enrolment. The examination for the module can be taken in following subjects.
1 Elements of financial and management accounting.
2 Basic of corporate finance
3 Essentials of Investment and Tax Paining
4 Statistics of Financial Application
Preliminary Level: After qualifying the foundation examination, the next step is to qualify the preliminary level. The preliminary level is divided into Group A and Group B.
Group A examination can be taken up after 6months of enrollment Group B examination can be taken after 12 months of enrollment.
The subjects for both the groups are as follows. Group A-1.Finacial Accounting, 2.FinacialManagement Group B-quantitative Methods Economics
3 Inter Level: On clearing the preliminary level, students can take up the Inter examination. The Inter level has two Groups namely Group C and D. Examination for Group C can be taken 6 months after passing the preliminary examination and Group D examination can be taken after 12 months of passing the preliminary examination.
The subjects for the Groups are follows. Group C- 1 Economic Legislation. 2 . Management Accounting GROUP D- 3.Security Evaluation 4. project Appraisal Planning and Control
Final Level: the last module is the final level. This is also divided in to two Groups namely Group E and F. Examination for Group E can be taken 6 months after passing the Inter examination and examination for Group F can be 12 months taken after passing Inter examination.
The subjects of the groups are as follows. Group E-1. Group F-1. Advanced Financial Management 2 Financial Services Group F-1. Investment Management 2 Indian Financial System 3. International Financial Management
List of Institutes
Kerala
Calicut, 2nd Floor,Kannankandy Building,(Opp.Noble auto Agencies), Near Arayadathpalam, PO Pathiyara, Mavoor Road;
Ernakulam, The ICFAI University, Rukiya Bagh Bldg, !st Floor, Near Deepa Theatre , Ravipuram, MG Road;
Kollam, 1st Floor , CSI Building, Near Dhanya Theatre, CSI Christ Church Charitable Society Building, Kadapakada;
Kottayam, 3rd Flor, Logos Centre, Logos Junction, Sastri Road, Kottayam Municipality Ward 9/1478;
Thrissur, 3rd floor , Mara Arcade, Above Lord Krishna Bank, Room No.806/19, M.G.Road, Corporation Ward No.25;
Trivandrum, TC No. 24/459 (3), 1st Floor, Suganth Building, (Opp. Kerala State Council Child Welfare), Music Academy Road , Thycaud.
Other Places Bhubaneshwar, Xavier institute of Management;
Chennai, Institute of financial Management and Research, Nungam-bakkam;
Mumbai, Narsee Monjee Institute of management Studies, V.L.mehta Road, Vile Parle (W);
Ranchi, Birla Institute of Technology, Mesra.
Head Quarters: Institute of Chartered Financial Analysts of India (ICFAI) Road No. 3, Banjara Hills, Hyderabad-500034; www.icfai.org
Job Prospects
Fresh CFAs generally begin as executive trainees in the financial sector. With experience they climb up the corporate ladder to higher executive levels. Qualified CFAs can find suitable placements in the financial services sector Multinational Finance companies, consultancy services, etc.are healthy hunting groups for the CFA
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