THE CFA PROGRAM

What?
Why?
How?

AFT Advantage
CFA PROGRAM

What is the CFA Program

A professional certification / degree offered by the
(formerly known as AIMR) to investment and financial
professionals

Most recognized global designation for finance profession

Equips you with the practical and fundamental knowledge you

need for a wide variety of career choices in the investment
profession

A self-study curriculum with three levels of examinations

On successful completion of the program and meeting other

professional requirements, the candidate is awarded a CFA
charter and becomes a CFA charterholder

The CFA charter provides you with a strong foundation for a

variety of career choices in the investment and finance profession,
like portfolio management, equity research, advisory services, or
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investment banking, amongst others
 CFA INSTITUTE
Global Members and Candidates
FY11
Global Members 107,800 135 local member societies
Global Candidates 209,500around the world
More than 1/3rd
members are
outside North
America
In FY11, almost
50% of new
candidate
The Americas
registrations are
Members:
from Asia-Pacific
65,500+ likely indicative of
Candidates:75,0 the future
00+ membership
composition of the
Europe, Middle Asia Pacific
Institute
East & Africa Members: 14,000+
Members:16,000+ Candidates: 80,000+
Candidates: 44,000+

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CFA PROGRAM

Where CFAs Work

Buy Side - 55% Placement Pie Chart

Investment Companies/Mutual Funds - 25%
29%
Private Client Wealth Manager Advisor - 11%
Hedge Funds/Fund of Hedge Funds -6% Buy
55%
Side
Banks - 7% 16%
Insurance Companies - 4%
Pensions and Foundations - 4% Source: CFA
Private Client Wealth Manager/Advisor - 2%Institute

Sell Side - 16%

Investment Bank/ Broker Dealer - 16%

Other - 29%
Consultancy
Government/Regulator
University/College
Research Firm

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CFA PROGRAM

CFA Exams
The CFA Program
A series of three exams (offered in English only) Level I, Level II,
and Level III must be passed sequentially

Enrollment Requirements
Have a bachelor's (or equivalent) degree
or be in final year of bachelor's degree program at the time of
registration
or have four years of professional work experience (does not
have to be investment related)
or have a combination of professional work and college
experience that totals at least four years. Part-time positions
do not qualify
If you initially enroll/register as a final year undergraduate
student with a degree in progress, you may not register for
the Level II exam until you have earned your degree, or
obtained professional work experience that meets the
programs entrance requirements
Understand the professional conduct requirements (you will be
asked to sign the Professional Conduct Statement and Candidate5
Responsibility Statement)
CFA PROGRAM

Exam Format

Level Question # of Exam Remarks

Style Que Month /
Duration
I Multiple 240 Jun & Dec / Conceptual questions
Choice 6 hrs
II Item Set 120 Jun only / Total 20 item sets 10 in each
6 hrs session. Each item set consists of a
vignette (or case statement) and six
multiple choice questions
III Essay & ~60 Jun only /
Essay in morning and 10 item sets in
Item Set 6 hrs afternoon. Essay exam typically has
1015 questions. The points for each
question and each question part are
2016 Exams were given at 269 test centers in 192 cities in 74+
given in the exam
countries worldwide
Currently New Delhi, Mumbai and Bangalore, Pune are the centers
in India
Imp Note: CFA Program exams will be held on Saturday only

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CFA PROGRAM

Understanding Topic Weightage

Topics Level I Level II Level III Important Note

Ethics and 15 10 10
High weightage
Professional
given to Ethics
Standards
and Professional
Quantitative 12 5-10 0 Standards in all
Techniques the Levels
Economics 10 5-10 0 Financial
Financial Reporting 20 15-25 0 Reporting is
very crucial in
Corporate Finance 8 5-15 0
Level I and
Equity Investments 10 20-30 5-15 Level II
Fixed Income 12 5-15 10-20
Equity
Derivatives 5 5-15 5-15 Investments
Alternate 3 5-15 5-15 crucial for Level
Investments II

Portfolio Mgmt. 5 5-15 45-55 Portfolio

Total 100 100 100 Management is
extremely
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crucial for
clearing Level III
CFA PROGRAM
Fees and Deadlines

Particulars USD INR* Imp Deadlines:

Program Enrolment 440 ~26,000 1st Deadline: Sep 25,
2016
Level-I Exam 800 ~48,000
2nd Deadline: Feb 12,
Registration
2017
Level-II Exam 800 ~48,000 (Fees shall also
Registration increase by USD
Level-III Exam 800 ~48,000 370, i.e.~Rs. 22,000)
Registration
*Total 2,880
Exchange Rate assumed at USD 1 ~170,00
= INR 60 0
2016 Exams were given at 266 test centers in 189 cities in 70+
countries worldwide
Currently New Delhi, Mumbai, Pune, Ahmedabad & Bangalore are
centers in India
Imp Note: Beginning with the December 2012 exam, CFA Program
exams will be held on Saturday only
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What is FRM? - Benefits
Roles in the Industry
Asset Management Firm Investment/Merchant
Bank
Budgeting and Strategic management
Investment Management Exchanges
Commercial and Retail Banks
Risk Management
Portfolio Management Energy Trading Firms
Recognition across the globe as a leader in financial risk
management
Demand for FRM holders for risk management jobs is
increasing
Differentiation from peers
Gain a holistic view of risk management in today's
dynamic market environment
Join an elite group of 24,000+ FRMs
Expands your personal and professional opportunities
within the world of finance
Network with leading financial risk management
professionals 9
FRM The Road Map
FRM Designation consists of :
2 Exams also called 2 parts in May & November
Sequential program: Candidates have to pass Part 1 before Part 2
Self study driven, based on core reading material provided by GARP

Part 1 : Foundation
Focus is on the knowledge of risk management techniques,
understanding of the financial products & their valuation
Part 2 : Risk Measurement and Management
Focus is on application of the basics in measuring the risks and
management

Exam Type
Both parts are 100% multiple choice
No Negative marking
Each part has exams of 4 Hours
Part 1 has 100 questions and Part 2 has 80 questions

Eligibility
Graduate from any discipline
Minimum of 24 months relevant experience to receive FRM designation
A 5 year window after passing the exam to gain the work experience
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FRM Certification Course Structure
Part I Topic Areas Weightage
Foundations of Risk Management 20%

Quantitative Analysis 20%

Financial Markets & Products 30%

Valuation and Risk Models 30%

Part II Topic Areas Weightage

Market Risk Measurement & Management 25%
Credit Risk Measurement & Management 25%
Operational & Integrated Risk
25%
Management
Risk Management and Investment
15%
Management
Current Issues in Financial Markets 10%

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 Fee Structure & Deadlines for 2012

Financial Risk Management (GARP) on Dec 1 2016

FRM enrollment $ 300

FRM Part 1 $ 350
FRM Part 2 $ 350

Payment Registration + Exam Fees = Total cost

deadlines (new candidates only)

31 July 2017: $300 + $350 = $650

31st Aug2017: $300 + $475 = $775

1 Sep2017 $300 + $650 = $950

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What is CFP?
Roles in the Industry
Tax planning
Investment Management Risk Management
Portfolio Management Estate Planning
Financial Planning Budgeting and Strategic
management

Certified Financial Planner (CFP) is an international certification

program being conducted in the country by Financial Planning
Standard Board (FPSB), India. FPSB, India is affiliated to FPSB, US

Financial planning is the process of meeting life goals through a

big picture approach to managing finance

CFP is the Highest Level of Certification globally in the field of

Financial Planning

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C F P C e r t i fi c a t i o n - M o d u l e s & E x a m s
Examination Pattern
Exam Modules Tested Centres Exam Dura- Exam Enrollmen
Name Date tion Fees t trough
(Rs.)
Exam Risk Analysis & Insurance 2 Hrs 2000
1 Planning + Introduction to
Financial Planning
Exam Retirement Planning & 2 Hrs 2000
2 Employees Benefits + Intro.
to Financial Planning
105 Daily
Exam Investment Planning + 2 Hrs 2000 NSE
NSE (Mon-
3 Introduction to Financial Website
Centres Sat)
Planning
Exam Tax Planning & Estate 2 Hrs 2000
4 Planning + Introduction to
Financial Planning
Exam Advanced Financial Planning 4 Hrs 5000
5

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C F P C e r t i fi c a t i o n - M o d u l e s & E x a m s
Examination Pattern

Type of Questions Number of Questions Total Marks

1 Mark 40 40 Marks
2 Mark 20 40 Marks
4 Mark 15 60 Marks
Total 75 140 Marks

The Questions are based on respective Modules of the CFPCM Certification

Curriculum
The candidates will answer a multiple choice objective type examination administered
on-line by NSE.
All questions are designed to have a question body with 4 alternative options.
There is no negative marking.

15
C h a r t e re d M e m b e r s o f F P S B I n d i a

16
Union Public Service Commission

What is the Civil Services Exam

Civil Services Preliminary exam comprises of two compulsory
papers of 200 marks each (General Studies Paper I and General
Studies Paper II).The questions will be of multiple choice,
objective type. The marks in prelims will not be counted for final
ranking, but just for qualification for main exam.

UPSC Syllabus for Paper I (200 marks) Duration: Two

hours (Counted for the merit rank in the Prelims)
Current events of national and international importance.
History of India and Indian National Movement.
Indian and World Geography Physical, Social, Economic
Geography of India and the World.
Indian Polity and Governance Constitution, Political
System, Panchayati Raj, Public Policy, Rights Issues, etc.
Economic and Social Development Sustainable
Development, Poverty, Inclusion, Demographics, Social
Sector initiatives, etc.
General issues on Environmental Ecology, Bio-diversity and
Climate Change that do not require subject specialization.
General Science.
Union Public Service Commission

What is the Civil Services Exam

UPSC Syllabus for Paper II- (200 marks) Duration: Two hours
(Not counted for the merit rank in Prelims but a qualifying
Paper; just needs 33% marks)
Comprehension.
Interpersonal skills including communication skills.
Logical reasoning and analytical ability.
Decision-making and problem-solving.
General mental ability.
Basic numeracy (numbers and their relations, orders of
magnitude, etc.) (Class X level), Data interpretation (charts,
graphs, tables, data sufficiency etc. Class X level).

UPSC Syllabus Civil Services Mains Exam

A candidates rank inUPSC Civil Service Examdepends only on
the mark scored in Main and Interview. The main exam has
1750 marks while interview has 275 marks.
The written examination (main) will consist of the following nine
papers, but only 7 papers will be counted for final merit ranking.
For the rest two papers, the candidate should secure minimum
marks prescribed by UPSC each year.
Union Public Service Commission

What is the Civil Services Exam

Paper A Indian Language Syllabus. (One of the Indian
Languages to be selected by the candidate from the Languages
included in the Eighth Schedule to the Constitution. This paper will
notbe compulsory for candidateshailing from the States of
ArunachalPradesh, Manipur, Meghalaya, Mizoram,Nagaland and
Sikkim.) 300 Marks.
PaperB English Language Syllabus. 300 Marks.
Papers to be counted for merit ranking:
PaperIEssay - 250 Marks.
PaperIIGeneral Studies - 250Marks. (Indian Heritage and Culture,
History and Geography of the World and Society).
PaperIII General Studies - 250 Marks. (Governance, Constitution,
Polity, Social Justice and International relations).
PaperIV General Studies - 250 Marks. (Technology, Economic
Development, Biodiversity, Environment, Security and Disaster
Management).
PaperV General Studies - 250 Marks. (Ethics, Integrity and
Aptitude).
PaperVI Optional Subject Paper 1 250 Marks.
PaperVII Optional Subject Paper 2 250 Marks.
Bank - Probationary Officer Exam

What is the Probationary Officer Exam

The Recruitment Examination for Probationary Officers to various SBI
Branches is considered as one of the central banking exams of the
country. Every Year, a numberof banking aspirants apply for SBI PO
Recruitment Examination and the competition level of only escalated
further beyond.
The stages of recruitment involved under the SBI PO Exam Pattern
2016 are as follows:
Phase 1: Preliminary Examination
Phase 2: Main Examination
Phase 3:Group Discussion and Interview
Bank - Probationary Officer Exam

What is the Probationary Officer Exam

Phase 1: SBI PO Preliminary Exam Pattern 2016
Important highlights for the Exam pattern followed in the preliminary
exam are as follows:
The Preliminary examination is an objective type examination where
the candidates need to select one correct option out of given four
options.
The total mark of the exam is 100.
For every correct response provided, the candidates would be
awarded 1 mark and for every wrong response mark willet
deducted. However, no mark will be deducted for any response.
The test would be conducted online.
The total time allotted is 60 minutes or 1 hour.
The candidates should note that there are three sections in the
Preliminary examination which have sectional cutoffs which the
candidates need to clear.
Bank - Probationary Officer Exam

What is the Probationary Officer Exam

Structure of SBI PO Preliminary Examination:

Numberof
Serial Questions Total marks in
Nameofsection Time allotted
No. asked in the the section
section
A total of 1
hour (no fixed
1 EnglishLanguage 30 30
timing for any
section)
2 Quantitative Aptitude 35 35
3 ReasoningAbility 35 35
Total 100 100
 Bank - Probationary Officer Exam

What is the Probationary Officer Exam

Phase 2: SBI PO Main Exam Pattern 2016
The candidates who score above the SBI PO Preliminary Cutoff Score
2016 will be allowed to take the SBI PO Main Exam 2016 which will
follow a completely different exam pattern. SBI has made some
changes in the exam pattern of SBI PO Main Examination. Main
Examination will consist of Objective Tests for 200 marks and
Descriptive Test for 50 marks. Both the Objective and Descriptive Tests
will be online. Candidates will have to answer Descriptive Test by
typing on the computer. Immediately after completion of Objective
Test, Descriptive Test will be administered.
The main examination of SBI PO is divided into two stages:
Objective Test
Descriptive Test
 Bank - Probationary Officer Exam

What is the Probationary Officer Exam

Objective Test:
SBI PO Main Examination will consist of Objective Tests for 200
marks and Descriptive Test for 50 marks.
Both the Objective and Descriptive Tests will be online. Candidates
will have to answer Descriptive Test by typing on the computer.
Immediately after completion of Objective Test, Descriptive Test will
be administered.
The objective test will be for 3-hour duration consisting of 4 sections
of total 200 marks.
The Objective Test will have separate timing for every section.
The candidates are required to qualify in each of the tests by
securing passing marks, to be decided by the Bank.
For every correct response provided, the candidates would be
awarded 1 mark and for every wrong response marks will get
deducted. However, no mark will be deducted for any response.
Bank - Probationary Officer Exam

What is the Probationary Officer Exam

Structure of Objective Test:
Number of
Serial Total marks in
Name of section Questions asked Time Duration
No the section
in the section

Reasoning and Computer

1 45 60 60 minutes
Aptitude

Data Analysis and

2 35 60 45 minutes
Interpretation

General/ Economy/
3 40 40 35 minutes
Banking Awareness

4 English Language 35 40 40 minutes

Total 155 200 3 hours

Phase 3: Group Discussion and Personal Interview

The candidates who clear the cutoff score for the Main Examination
would then be called for a group discussion and personal Interview test
where the candidates will have to face an Interview board. The Group
Discussion will carry 20 marks and Interview will carry 30 marks.