Why Pursuing CFA After 12th Commerce Would be the Best Choice for Your Career?
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If you have wondered—Can I do CFA after 12th Commerce? then we have some news for you.
Pursuing the Chartered Financial Analyst (CFA) program right after completing your 12th in Commerce is an option worth exploring. The choice you make after 12th Commerce can set the stage for your financial success. Specialized courses offer a unique advantage in shaping your career growth. Among these, the Chartered Financial Analyst (CFA) stands tall as an excellent career choice after 12th Commerce. Discover why delving into the world of CFA right after your 12th Commerce studies could be your pathway to a prosperous career in the finance and investment sectors.
Starting your CFA journey early after class 12 commerce has numerous benefits. Many educational institutions like IMS Proschool offer CFA courses, which can enhance your preparation. If you’re already accustomed to studying, especially in a finance-related degree, tackling the advanced CFA Program becomes more manageable. Beginning the CFA Program early gives you a competitive edge for jobs and internships, showing employers your commitment to the investment profession. The CFA Program is also a powerful alternative to an MBA, focusing specifically on investment analysis and portfolio management. Completing the program provides in-depth knowledge and a respected Chartered Financial Analyst certification. Additionally, the CFA charter is globally recognized, making it a valuable asset in the investment management profession worldwide.
Understanding the CFA Program
The CFA Program is a three-level self-study exam that equips individuals with essential knowledge and skills for success in the dynamic investment industry. Developed by the CFA Institute, a leading association of investment professionals, the program covers investment tools, company valuation, portfolio management, and wealth planning. It’s designed for aspiring or practicing investment professionals, offering real-world skills in investment analysis.
Why the CFA Program is Right for You
Whether you’re a student, changing careers, or already in the industry, the CFA Program is tailored to enhance your expertise and advance your career in the competitive field of investment.
What is a CFA Charter?
A CFA charter is awarded upon completing the CFA Program and meeting work experience requirements. This designation, earned by individuals with backgrounds in finance, accounting, economics, or business, qualifies charter holders for senior roles in investment management, risk management, asset management, and more.
Why not talk to a CFA Expert & understand how this course can boost your career in finance
CFA Certification and its Structure
While various professional courses post-12 commerce pave the way for a promising career, the Chartered Financial Analyst (CFA) certification holds distinct advantages. Let’s delve into some key features of the CFA program.
- CFA Exams
To attain CFA certification, candidates must successfully clear three levels of exams. The first level assesses knowledge in ethics, financial accounting, investment theory, and portfolio management. Conducted quarterly (February, May, August, and November), it sets the foundation for the subsequent levels.
Level 2, held 3 times a year, covers advanced subjects like Equity Investments, Portfolio Management, Quantitative Methods, and Derivatives. The third and most challenging level 3, conducted biannually, demands mastery in Corporate Finance, Equity Investments, Assets, and Financial Reporting.
- CFA Exam Pattern
| Summary | Level 1 | Level 2 | Level 3 |
| Eligibility | Enrollment in an undergraduate program is required. | Exam window must not exceed 23 months before graduation. | Pass CFA level I. |
| Question Format | Multiple Choice Questions (MCQs) format | Vignette (case study)-supported MCQs. | Vignette (case study)-supported essays and MCQs |
| Exam Result | Within 5-7 weeks | Within 5-7 weeks | Within 6-8 weeks |
Source: CFA Institute
Achieving CFA certification requires dedicating over 4000 hours to comprehensive study. With substantial effort put in, you can be on your way to a rewarding career in the financial domain.
Importance of CFA for Financial Expertise and Market Demand
The CFA designation is essential for financial expertise, spanning a three-level program covering crucial areas like investment tools and portfolio management. Recognized by the CFA Institute, it validates proficiency in investment analysis, opening doors to senior roles across financial sectors and meeting the growing demand for skilled professionals.
Global Opportunities and Career Trajectory
The CFA designation emerges as a key asset, offering a passport to work in diverse financial markets worldwide. As a globally recognized standard in the investment management profession, the CFA charter provides a distinct advantage in pursuing international career paths. Whether aspiring to work in different financial markets or aiming for senior positions, the CFA designation propels career trajectories and opens doors to a myriad of global opportunities.
Also Read – Top 5 trending CFA jobs in India
Can I Do CFA After the 12th?
This a a common question asked by many CFA aspirants.
You can initiate your CFA preparation right after completing your 12th commerce exams since preparation takes a good 2-4 years before you can sit for the level 1 exam. As an undergraduate student, choose an exam window within 23 months of your graduation month for your bachelor’s degree or equivalent program. Remember, you can register and take the Level II exam while pursuing your undergraduate degree. However, keep in mind that the Level II exam date must be within 11 months of your graduation date. Refer to the Expanded Eligibility page for additional details.
That said, an early start not only provides a solid foundation in finance but also opens doors to a promising career path. Exploring the feasibility of undertaking the CFA journey straight after 12th Commerce involves understanding the benefits, requirements, and potential career trajectories associated with this decision.
IMS Proschool has compiled a selection of excellent professional courses to kickstart your career after completing 12th commerce and chart your path towards a successful career in finance and investment.
Chartered Financial Analyst (CFA):
- A top-notch course for financial experts with lucrative salaries.
- Focuses on finance-related aspects of organizations, making candidates proficient in procurement to management.
- Highly demanded globally in countries like the USA, UK, Canada, China, and Australia.
Association of Chartered Certified Accountants (ACCA):
- Ideal for students interested in accounting and managing organizational accounts.
- Offers deep and practical knowledge in various financial subjects.
- ACCA-qualified professionals are highly valued, leading to career advancements to positions like CEO/CFO.
Certified Financial Planning (CFP):
- Opens high-earning opportunities for candidates.
- Internationally recognized with a focus on wealth management, asset management, taxes, and financial planning.
- Polishes skills to an international level, enhancing job prospects in the financial sector.
International Financial Reporting Standards (IFRS):
- Focuses on accounting standards set by the International Accounting Standard Board (IASB).
- Becoming a global standard for preparing financial statements, providing significant job opportunities.
- Ideal for professionals aiming to work at major multinational corporations.
Financial Modeling:
- Prepares candidates for roles in Financial Planning and Analysis, Investment Banking, Portfolio Management, and more.
- Sharpens skills in managing enterprise finances and enhances job opportunities.
Investment Banking:
- Offers real-life skills to analyze the growth prospects of companies.
- One of the fastest-growing fields with substantial earning potential.
- Provides opportunities for a safe and lucrative career in the real economic world.
Chartered Accountant (CA):
- A field related to managing finances and accounts for corporations.
- Although demand has decreased, it remains popular for its comprehensive knowledge of auditing, finances, taxation, and accounts.
- Offers numerous job opportunities with great earning potential.
Confused between all these finance courses? Why not talk to some Finance Experts!
CFA vs CA: Which Is the Better Choice After Class 12 Commerce?
Choosing between CFA and CA after completing 12th commerce is a significant decision. Both paths, CFA and CA, offer unique specializations and diverse opportunities.
CFA vs CA: Job Prospects and Key Responsibilities
Deciding between a CFA and a CA depends on your career goals and interests. Let’s explore the key differences to aid your decision-making process.
| Criteria | CFA | CA |
| Scope of Specialization | Focuses on investment analysis and portfolio management. Ideal for finance and investment enthusiasts. | Focuses on accounting, auditing, taxation, and financial management. Suitable for those interested in financial compliance. |
| Opportunities and Career Trajectory | Opens doors to roles in investment banking, asset management, and financial analysis. Global recognition for working in diverse financial markets. | Offers opportunities in accounting firms, corporate finance, and regulatory bodies. Expertise valued in financial reporting and compliance. |
| Examination and Eligibility | Requires passing three levels of exams covering investment tools, portfolio management, and ethics. Eligibility includes a bachelor’s degree or equivalent work experience. | Involves multiple levels of examinations in accounting, auditing, taxation, and financial management. Eligibility includes completing CA Foundation, Intermediate, and Final exams. |
| Duration of Pursuit | Can be completed in a shorter duration, typically around 2-4 years. Offers flexibility in exam scheduling. | Typically takes a longer duration, around 4-5 years, including mandatory articleship. Involves a structured training program. |
| International Recognition | Globally recognized, enabling professionals to work in international financial markets. Standardized qualification for finance professionals worldwide. | Recognized in many countries with a focus on national accounting and regulatory standards. May require additional certifications for international recognition. |
Choosing Between CFA and CA Careers
Choose CFA for a specialized focus on global finance and investments, while CA is suitable for those interested in a broader spectrum of accounting, taxation, and financial compliance within national boundaries. Consider your long-term career goals and preferences to make the right choice between CFA and CA after 12th commerce.
Consider your career goals, interests, and the specific focus you want in your financial profession when choosing between CFA and CA after 12th commerce.
CFA Exam Preparation and Pathway
Career Prospects after CFA
| Common Roles for CFA Charterholders | |
| – Managing portfolios | – Conducting research |
| – Providing consulting services | – Analyzing and managing risks |
| Common Sectors for CFA Charterholders in Investment Management | |
| – Managing assets | – Handling private wealth |
| – Working in commercial banking | – Engaging in investment banking |
| – Operating in the insurance sector | |
| Characteristics | CFA | CA |
| Focus Areas | Finance | Accounting, law, taxation, finance, and audit |
| Course Duration | Three levels with practical training of four years | Three levels with practical training of three years |
| Examination Type | Objective | Subjective |
| Minimum Qualification Required | Graduation (You can opt for the course in the last year of your graduation) | Class 12 |
| Organization Conducting the Exam | Chartered Financial Analyst Institute | The Institute of Chartered Accountants of India |
| Average Income | INR 7 to 8 Lakhs | INR 6 to 8 Lakhs |
| Job Prospects | CFA’s have a higher demand in MNC’s and have many opportunities to go abroad | CA’s can get a job in any organization, from private to public, as they have dynamic job duties |
CFA Scholarship
There is a range of scholarships designed to make the CFA Program accessible to more aspirants. Check the complete list of scholarships below.
| Scholarship Type | Eligibility Criteria | Registration Discount |
| Access Scholarship | Individuals facing financial constraints, not registered for the next exam | Exam registration reduced to USD300 |
| Women’s Scholarship | Women interested in the CFA charter, ineligible for other CFA Institute scholarships, not registered for the next exam | Exam registration reduced to USD400 |
| Student Scholarship | Current students at affiliated universities, not registered for the next exam | Exam registration reduced to USD400 |
| Professor Scholarship | Full-time college/university professors or administrators/department heads meeting specified criteria, not registered for the next exam | Exam registration reduced to USD400 |
| Regulator Scholarship | Employees of financial regulators, central banks, securities commissions, qualifying stock exchanges, SROs, and government entities with a program agreement with CFA Institute | Exam registration reduced to USD400 |
Please note that all fees mentioned are exclusive of any local taxes such as Goods and Services Tax (GST), Value-Added Tax (VAT), Sales Tax, or similar taxes applicable in the candidate’s country of residence. If CFA Institute is mandated to collect these taxes at the local statutory rate, they will be added to the fees displayed during the payment process.
Visit the CFA Institute’s Tax Policy page for more information on tax implications of online purchases.
Essential Tips and Strategies for Preparing for CFA Examinations
Preparing for the CFA exams requires dedication and strategic planning. Here are some key tips to help you navigate this journey successfully:
-
Give Yourself Enough Time to Study
- Start preparing six months before the exam.
- Allocate a minimum of 300 study hours for each level.
- Prioritize a well-organized study plan and effective study techniques.
- Develop a realistic schedule, covering topics, revision, and practice questions gradually.
-
Have a Support System
- Inform family and friends about your commitment to manage expectations.
- Seek emotional support during challenging times.
- Connect with mentors or seniors who have successfully completed the CFA journey.
Also Read – 6 Important CFA Updates & Curriculum Changes Announced in 2023
-
Practice Makes Perfect
- Allocate around 40% of study time to practice.
- Use module quizzes to identify knowledge gaps and reinforce understanding.
- Prioritize conceptual clarity over cramming.
-
Look after Yourself
- Prioritize sufficient sleep, a healthy diet, and regular exercise for overall well-being.
- Stay calm and composed before the exam.
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Learn How to Take the CFA Exam
- Take mock exams under exam conditions for a realistic experience.
- Practice with official CFA Institute mock exams.
- The exam consists of two sessions, each lasting 2.15 hours.
-
Refer to the Right Study Material
- While self-study is possible, consider exam preparation courses for enhanced success.
- The CFA Curriculum can be overwhelming, so utilize summarized notes from reputable providers.
- Coaching institutes offer guidance and support, helping identify strong and weak areas.
- Supplement external materials with official CFA curriculum resources for comprehensive preparation.
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Join IMS ProSchool’s CFA Preparatory Course
IMS Proschool provides a comprehensive and supportive learning environment for your CFA preparation.
- Monthly Batches: Start your CFA Level 1 journey every month.
- Live Faculty-Led Training: Benefit from 8+ hours of live training every week, ensuring an interactive and engaging learning experience.
- Proven Teaching Methodology: IMS Proschool employs a proven teaching methodology tailored for the CFA Program, enhancing your understanding and retention.
- Educational Background: While a background in economics, commerce, finance, or business is suggested, it’s not mandatory.
- While anyone can enroll, it’s recommended for individuals aged 18 and above.
- IMS Proschool boasts a 70% pass rate, reflecting the effectiveness of its training approach.
- Choose between online and offline batches based on your preference and schedule.
- Gain access to a plethora of job opportunities through IMS Proschool’s portal, facilitating your entry into the finance industry.
FAQs
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Can I Do CFA After 12th Commerce?
The CFA course spans 2-5 years, including 6-9 months of preparation per level and 4000 hours of work experience. The good part is that you can initiate your CFA preparation right after completing your 12th commerce exams.
-
How Does Pursuing CFA After 12th Commerce Boost My Career?
Preparing for the CFA journey after class 12 commerce gives you ample time and space to study and be well-prepared for the CFA Level 1 exams. Obtaining a CFA designation after graduation enhances financial expertise, job prospects, and global recognition.
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What Are the Job Prospects After Completing CFA Post-12th?
After completing CFA post-graduation, you can apply for roles in portfolio management, research, consulting, and various sectors like asset management and investment banking.
-
What Makes CFA Stand Out Among Other Professional Courses?
CFA stands out due to its global recognition, focus on investment analysis, and ethical standards. It offers a comprehensive understanding of finance, making professionals highly sought after.
-
How Does CFA Help in Building a Strong Financial Career Path?
CFA provides in-depth financial knowledge, ethical standards, and a globally recognized qualification. This combination opens doors to diverse roles in finance, enhancing your career path in investment management and related fields.
Dwij K
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