CFA India 2021: Course, Fees, Eligibility, Exam, Syllabus

CFA India: In today’s world, where earning money is easy as compared to handling it, a financial administrator plays quite a huge role. CFA India Fees, Syllabus

Raju Choudhary

CFA India

CFA India: In today’s world, where earning money is easy as compared to handling it, a financial administrator plays quite a huge role. Everyone millionaire or billionaire person prefers to have someone who could look after their assets and handle the flow of money properly. The money which these financial advisors earn is huge. However, the most challenging part is when profit or loss depends on your one choice. You might be getting praised for your choice or might be decommissioned. its a risky business, but the stakes are quite high, too that’s why studying CFA is so important. 

Doing MBA from a renowned institute will surely help, but a two-year MBA course won’t be as good or useful as a CFA course. Perhaps you can do both the courses if you have time and money because the entrance exam of CFA is quite difficult. You can pursue the CFA US degree by giving its entrance test.

CFA Level 1 Exam Information

Morning Session90 Questions
Afternoon Session90 Questions
Exam Duration2 hours 15 minutes for each session
Type of QuestionsMCQ
Exam MonthFebruary, March*, May, July*, August, and November
Average Pass Percentage41%

CFA Level 2 Exam Info

Morning Session10 in the morning session
Afternoon Session11 in the afternoon session
Exam Duration3 Hours for each session
Type of QuestionsMCQs based on caselet
Average Pass Percentage46%

CFA Level 3 Exam Info

Morning Session10 to 15 Essay Type
Afternoon Session10 item sets
Exam Duration3 Hours for each session
Type of QuestionsEssay+MCQ
Exam MonthFirst week of June
Average Pass Percentage55%
How to Become a CFA
CFA India

Application Form

Anyone can fill the application form of CFA US if they have done their graduation. But it’s better to have a work experience of at least four years cause this will be very handy for the examinee. You can fill the form, and unlike other exams, you don’t need to go to the US to give the examination. You can give the examination from the designated centers in your country.


The examination is held on different dates as per schedule. As the exam is conducted in three phases; level I, level II, and level III, respectively, the dates also vary. The level I computer-based online exam for 2021 will be held between 18-24 May. The dates for the schedule ends on 10th March 2021, and the last date of rescheduling is on 16th April 2021.


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The results for the examination will also come in three phases, with the exams. The results of the level I examination will be announced 60 days after the completion of the examination, whereas the results for the level II and level III examination will be announced after 60 and 90 days, respectively. The examination is considered pretty tough, so the no of candidates who succeeded in all three levels is quite low.


The pattern of the examination is a bit different from others. In the level, I examination, all of the questions are multiple-choice with three options to each question. The examination is conducted in 4 hours 30 min (2 phases of 2 hours and 15 min each) with 180 questions all having equal-weighted. The level I examination tests the comprehension and basic knowledge of students.

In the level II examination, the questions are completely based on case studies. There are 20 case studies, including six questions for each case study question in 4 hours and 30 min (10 case studies in 2 hours and 15 min). The questions are termed as Vignette Supported multiple-choice questions.

And finally, in the last phase of the examination, the questions are based on essay type as well as 10 case studies, including six questions for each case study. The questions are planned brilliantly to check how fast students can correlate things altogether. That’s why this part of the examination is called Vignette Supported constructed response question and Vignette Supported multiple-choice questions.


The syllabus for the level I examination is quite basic. The questions are mostly asked from general knowledge, economics, quantitative techniques, topics related to finance, etc.

In the level II examination, the questions are comprised of case studies. There are almost 4 to 6 questions on each case study, and the questions are vignette-based, so you have to return to the Vignette in order to solve it.

And finally, in the last phase of the examination, the questions are comprised of Vignette-based multiple-choice as well as essays to study the response of students. Both the essays as well as multiple-choice questions can only be solved with the help of Vignette.

The Investment Industry: A Top-Down ViewEthics and Regulation
Investment ProfessionalismMicroeconomics
MacroeconomicsEconomics of International Trade
Financial StatementsQuantitative Concepts
Debt SecuritiesEquity Securities
DerivativesAlternative Investments
Structure of the Investment IndustryInvestment Vehicles
The Functioning of Financial MarketsInvestors and Their Needs
Investment ManagementRisk Management
Performance EvaluationInvestment Industry Documentation

Admit Card

Well, first, you need to register for the examination then after that, you will see a scheduling link from where you can schedule your appointment for the examination at the most appropriate location. There is again a rescheduling to confirm if all the things are correct or not. Once you have successfully done your scheduling, you will have to go to the examination center, where your seat will be reserved. After all the formalities are completed, you can go to the examination center with the proper admit card allotted to you.

Exam Dates

CFA Level 1 Exam Dates

SessionExam Dates
February 2021February 16 – March 1, 2021
May 2021May 18 to 24, 2021
July 2021July 18 to 24, 2021
August 2021August 24 – 30, 2021
November 2021November 16 – 22 , 2021

CFA Level 2 Exam Dates

SessionExam Dates
May 2021May 25 – June 1, 2021
August 2021August 31 – September 4, 2021
November 2021November 26 – 30, 2021

CFA Level 3 Exam Dates

SessionExam Dates
May 2021May 25- June 1, 2021
August 2021September 1 – 8 , 2021
November 2021November 23 – 25, 2021


AbbreviationsCFA is Known as Chartered Financial AnalystCA is known as Chartered Accountancy.
Job ProfileChartered Financial Analyst or CFA CharteredChartered Accountant
Official BodyCFA InstituteThe Institute of Chartered Accountants of India
DetailsCFA is a program that provides standard training and education in the field of financial and investment analysis. The CFA exam can be qualified after the three Levels, i.e. Level 1, Level 2 and level 3.Chartered Accountant (CA) is a certified qualification in the field of commerce and accountancy that can be obtained after qualifying Following Stages, i.e. CA Foundation, CA Intermediate and CA Final.
Avg. Time to qualify1.5-4 years4-5 years
Global RecognitionYesNo
Average Registration FeesINR 1-2 LakhsUnder 1 Lakh
Average Salary PackageINR 12,00,000- 23,00,000INR 7,00,000- 22,00,000

CFA Placements and Average Salary

ProfileAverage Salary
Chartered Financial AnalystINR 9.35 LPA
Business ConsultantINR 9.86 LPA
Market Research AnalystINR 6.50 LPA
Investment ManagerINR 7 LPA
Portfolio ManagerINR 8 LPA
Private BankersINR 8.58 LPA
Risk ManagerINR 10 LPA
Chief Executive OfficerINR 41 LPA

Raju Choudhary

Article by Raju Choudhary Raju has written 810 articles. If you like This post, you can follow CAknowledge on Twitter. Subscribe to CAknowledge feed via RSS or EMAIL to receive instant updates.


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