BANK AND INSURANCE

The CFA Program

The Institute of Chartered Financial Analysts of India launched the Chartered Financial Analysts (CFA) Program in 1985. Over the years, the CFA Program has attracted enrollments from a cross section of students interested in careers in financial management and analysis.

Period of Validity of Enrollment

The candidates are required to complete the CFA Program (all the three levels) within a maximum period of seven years from the date of enrollment. They are also required to complete Level I of the CFA Program within three years from the date of enrollment. Candidates who are unable to complete the program within the time-frame stipulated above, but still keen on continuing in the program, are required to register de novo.

Program Structure
The CFA Program is divided into three levels : Level I, Level II and Level III.

After completing Level I, the candidates will be admitted into Level II. After completing Level II, they will be admitted into Level III. The candidates of the Regular CFA Program will be required to study and complete the three levels in a sequential manner.

Subject-wise Waivers at CFA Level I

Candidates with prior professional qualifications like CA/ CWA/CS are eligible to get waivers from certain subjects in Level I of the CFA Program as indicated below.

Subject	Eligibility for Waiver
Financial Accounting	Chartered Accountants, Cost and Works Accountants
Management Accounting	Chartered Accountants, Cost and Works Accountants
Economic Legislation	Chartered Accountants, Cost and Works Accountants, Company Secretaries

Eligibility for Examinations

Candidates of the Regular CFA Program are eligible to appear for the examinations in the following pattern :

CFA Level I/DBF

Group Alpha, after three months from the date of enrollment. Group Alpha and Beta, after six months from the date of enrollment. Group Alpha, Beta and Gamma, after nine months from the date of enrollment.

Candidates are required to appear for the Groups in a sequential order i.e., Groups Alpha, Beta and Gamma.

CFA Level II

Group Delta, after six months from the date of entry into Level II. Group Delta, and Epsilon, after nine months from the date of entry into Level II. Group Delta, Epsilon and Kappa, after twelve months from the date of entry into Level II.

Candidates are required to appear for the Groups in a sequential order i.e., Groups Delta, Epsilon and Kappa.

CFA Level III

Group Lambda, after six months from the date of entry into Level III Group Lambda and Sigma after nine months from the date of entry into Level III. Groups Lambda, Sigma and Theta, after twelve months from the date of entry into CFA Level III.

Candidates are required to appear for the Groups in a sequential order i.e., Groups Lambda, Sigma and Theta.