Why is the CFA® course gaining popularity in India?

Introduction Hello and welcome back to this brand-new blog where we discuss the topic you just read about. At the end of 2022, news emerged that India is among the largest markets for CFA® program enrollment. From 1963 to 2024, a whopping 3,790,642 candidates have appeared for the CFA® exams. What do you think are the reasons behind so many people wanting to pursue the CFA® course? Today we will discuss the reasons behind the CFA® course’s growing popularity in India.

What is the CFA® course?

For someone who doesn’t know anything about the course, let us begin with the basics. The CFA® program stands for Chartered Financial Analyst®, a designation offered by the CFA® Institute in the United States. It is one of the globally recognized certifications in the financial management and investment industry, meaning the certification is valid in 162 markets worldwide. Apart from being globally recognized, it is also regarded as the world’s most respected and recognized designation in the finance sector. Currently, there are more than 190,000 active investment professionals (charterholders) across the globe.  

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  While discussing the general and basic aspects of the program, we will also understand a bit more about its curriculum and what skills it hones. The program is structured into three levels: Level I, Level II, and Level III. Each level focuses on different areas of subject matter. The course deals with Investment Tools, Asset Classes, and Portfolio Management. In addition, ethics and professional standards are emphasized across all levels of the program and are treated as the most important aspect from the standpoint of ethical conduct in the financial industry and its activities. The program curriculum exclusively covers investment analysis and portfolio management providing extensive knowledge about investment principles and ethics.

Reasons for the CFA® course gaining popularity:

Before we get to know the reasons for its growing popularity, we want you to be aware of the fact that when it comes to demand, India is considered the 3rd largest market for chartered financial analysts.

Now we will look at the reasons:

So, there is constant growth in the financial markets in India, and this makes the demand for CFAs really high. Now, it’s only logical to think that when there is such an immense amount of growth, the number of people pursuing this qualification would also be high! However, those who secure their spot are the ones with strong credentials. The CFA® designation, being the globally recognized professional credential that it is, helps candidates secure several career opportunities in different industries.  

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  The best thing about the CFA’s level system (Level I, Level II, Level III) is that every level is employable. This means that each level provides job opportunities that match the knowledge and skill set taught at that level. People who are not able to complete their charter, for any reason, are still employable and respected. It is quite obvious that the salary offered to candidates varies with each level, logically increasing as they advance. Someone who starts working in the finance sector based on their graduate degrees and later decides to pursue the CFA® credential is often well-suited for a salary hike and better positions, either within their current organization or when switching companies.  

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  In the introduction of this blog, we mentioned that the cfa course is a globally recognized and well-received course. Specifically, it is accepted in 162 countries worldwide. This course is particularly beneficial for those with two main goals: those who want to make a career in the finance industry—specifically financial management and investment—and those who want to settle abroad due to lifestyle and pay differences. It’s common knowledge that CFAs working abroad generally earn more money. Apart from the general advantages of increased opportunities, higher salaries, better positions, and the potential for relocation abroad, what makes this designation particularly popular among Indians is its affordability. The CFA® exam pass rate is generally higher than that of its competing credentials. Students who fully commit to studying are likely to pass the exam on their first attempt, saving them from spending their hard-earned money on retaking exams. While competing credentials may not have the same fee structure as the CFA® designation, their pass rates are so low that only a negligible number of students pass the exam each year, forcing many to spend additional money on retakes.

Eligibility Aspect:

If you have stayed with us up until this point, we are sure you might want to check the eligibility criteria as well. Let’s go through it quickly: The CFA® Institute allows university candidates to take the Level I exam with at least two years left in their undergraduate studies. If you want to know more about the eligibility criteria and prefer a personal explanation, don’t worry. Our dedicated and expert team is there to guide you. If you cannot make it to our physical locations in Mumbai or Delhi, we can arrange a video call for you. Your clarity is our priority!  

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Conclusion:

So these are some reasons why the gold standard of investment credentials is growing so popular in India. The world, and particularly our Indian students, are working really hard to better their lives, with a strong desire to join the 190,000 active investment professionals (charterholders) across the globe. There are no boundaries to someone’s dream, and their dream holds no significance without their undying perseverance.

How can we (EduPristine) help?

We understand the importance of your time, and after reading so much, we want to get straight to the point. At EduPristine, we offer the cfa course, and there are many things to say about us—our offerings, our commitment to your success and its timeline, and most importantly, your employability. But today is different; we do not want to talk about us. Today is solely about you, our students, future CFA® candidates, and CFA® charterholders. This is an open invitation for any student who wants to know all about the program, who is willing to tackle the cfa course curriculum, and who wants to find a partner in their journey of undying perseverance. We are here, and our dedicated, well-educated, and expert team is here for you. Ask us anything, and we will be there for you! If physical setting is what you need the most at this point, we are here. If that is not possible we can arrange a video call. Whatever you need we are committed to being there for you, not just now but throughout your entire cfa course journey. We know it is difficult to trust someone, and we have a solution for it. Your queries will only be resolved when you hear from people who have been through your journey, i.e., our alumni base. We have a dedicated page with their testimonials, and we encourage you to go through them all. It will help you take that first step in trusting us. Happy learning!