How to Become a Chartered Financial Analyst (CFA) 59 comments

Chartered Financial Analyst (CFA)

Dear Viewers,

Today we are going to know about a US based financial professional course CFA ( Chartered Financial Analyst). CFA can be completed staying in Dhaka, Bangladesh. CFA takes two to three years for business graduates costing BDT 2.5 lac to 4 lac. A CFA charter holder can get the highest jobs in Share market, Banks, Insurance, Leasing and other finance institutes in Bangladesh. He or she can be a consultant as well in Dhaka. Above all it is a US based qualification.

Being a CFA, you can do any financial jobs in Bangladesh or start private consultation in respect of share bazaar in Dhaka & Chittagong.

Let’s see more.

cfa-logo

(This page has been last updated on July 30,2016)

 

What is meant by CFA?

The Chartered Financial Analyst (CFA) Program is a professional course based on finance. It is offered by CFA Institute, USA

Chartered Financial Analyst (CFA)

How many students have Qualified CFA from Bangladesh?

As of 17-Sep-2015, there are 52 CFA charter holders in Bangladesh. All of whom are well recognized in the financial industry of the country. CFA Salary in Bangladesh is higer than CA students.

 

How often is the CFA exam offered in Bangladesh?

CFA Exam is held twice a year (June and December) but in Dhaka, Bangladesh, only JUNE sitting is held.

In Dhaka coaching classes can be taken for extra charges to the instructor.

 

How many questions are on the CFA Level 1 exam?

In Level One:  you have to take two examinations – First exam (for 3 hours) for 120 Multiple Choice Questions on ten topics and Second exam (for 3 hours) for 120 Multiple Choice Questions on ten topics.

How many questions are on the CFA Level 2 exam?

In Level Two:  you have to take two examinations – First exam (for 3 hours) for 120 Multiple Choice Questions on ten topics, and Second exam (for 3 hours) for Case Study typed 10 Multiple Choice Questions on ten topics.

How many questions are on the CFA Level 3 exam?

In Level Three:  you have to take two examinations – First exam (for 3 hours) for Case Study typed 10 Multiple Choice Questions on ten topics, and Second exam (for 3 hours) for another in-depth Case Study typed 10 Multiple Choice Questions on ten topics.

 

What is the cost involved in CFA exam from Dhaka?

Registration fee is $450 (life-time payment)

There are three levels in the CFA qualification. Total cost may amount to $1800 -$2,000.

CFA_bangladesh

The entire course centers round ten topics of studies.

cfalevel11

 

What are Weight ages in each topics?

CFA Exam Topic Area Weights                                                                                                                                            

Topic Area Level I Level II Level III
Ethical and Professional Standards 15 10-15 10-15
Quantitative Methods 12 5-10 0
Economics 10 5-10 5-15
Financial Reporting and Analysis 20 15-20 0
Corporate Finance 7 5-15 0
Equity Investments 10 15-25 5-15
Fixed Income 10 10-20 10-20
Derivatives 5 5-15 5-15
Alternative Investments 4 5-10 5-15
Portfolio Management and Wealth Planning 7 5-10 40-55
Total 100 100 100

 

 

What are Ten Topics in CFA?

Details of Ten topics are as follow:

I. Ethical and Professional Standards

  1. Professional Standards of Practice
  2. Ethical Practices

II. Quantitative Methods

  1. Time Value of Money
  2. Probability
  3. Probability Distributions and Descriptive Statistics
  4. Sampling and Estimation
  5. Hypothesis Testing
  6. Correlation Analysis and Regression
  7. Time-Series Analysis
  8. Simulation Analysis
  9. Technical Analysis

III. Economics

  1. Market Forces of Supply and Demand
  2. The Firm and Industry Organization
  3. Measuring National Income and Growth
  4. Business Cycles
  5. The Monetary System
  6. Inflation
  7. International Trade and Capital Flows
  8. Currency Exchange Rates
  9. Monetary and Fiscal Policy
  10. Economic Growth and Development
  11. Effects of Government Regulation
  12. Impact of Economic Factors on Investment Markets

IV. Financial Reporting and Analysis

  1. Financial Reporting System (with an emphasis on IFRS)
  2. Analysis of Principal Financial Statements
  3. Financial Reporting Quality
  4. Analysis of Inventories and Long-Lived Assets
  5. Analysis of Taxes
  6. Analysis of Debt
  7. Analysis of Off-Balance-Sheet Assets and Liabilities
  8. Analysis of Pensions, Stock Compensation, and Other Employee Benefits
  9. Analysis of Inter-Corporate Investments
  10. Analysis of Business Combinations
  11. Analysis of Global Operations
  12. Ratio and Financial Analysis

V. Corporate Finance

  1. Corporate Governance
  2. Dividend Policy
  3. Capital Investment Decisions
  4. Business and Financial Risk
  5. Capital Structure Decisions
  6. Working Capital Management
  7. Mergers and Acquisitions and Corporate Restructuring

VI. Equity Investments

  1. Types of Equity Securities and Their Characteristics
  2. Equity Markets: Characteristics and Institutions
  3. Equity Portfolio Benchmarks
  4. Valuation of Individual Equity Securities
  5. Fundamental Analysis (Sector, Industry, Company)
  6. Equity Market Valuation and Return Analysis
  7. Closely Held Companies and Inactively Traded Securities
  8. Equity Portfolio Management Strategies

VII. Fixed Income

  1. Types of Fixed-Income Securities and Their Characteristics
  2. Fixed-Income Markets: Characteristics & Institutions
  3. Fixed Income Portfolio Benchmarks
  4. Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis
  5. Term Structure Determination and Yield Spreads
  6. Analysis of Interest Rate Risk
  7. Analysis of Credit Risk
  8. Valuing Bonds with Embedded Options
  9. Structured Products
  10. Fixed-Income Portfolio Management Strategies

VIII. Derivatives

  1. Types of Derivative Instruments and Their Characteristics
  2. Forward Markets and Valuation of Forward Contracts
  3. Futures Markets and Valuation of Futures Contracts
  4. Options Markets and Valuation of Option Contracts
  5. Swaps Markets and Valuation of Swap Contracts
  6. Credit Derivatives Markets and Instruments
  7. Uses of Derivatives in Portfolio Management

IX. Alternative Investments

  1. Types of Alternative Investments and Their Characteristics
  2. Real Estate Valuation
  3. Private Equity/Venture Capital Valuation
  4. Hedge Fund Strategies
  5. Distressed Securities/Bankruptcies
  6. Commodities and Managed Futures
  7. Alternative Investment Management Strategies

X. Portfolio Management and Wealth Planning

  1. The Investment Policy Statement
  2. Modern Portfolio Management Concepts
  3. Behavioral Finance
  4. Management of Individual/Family Investor Portfolios
  5. Management of Institutional Investor Portfolios
  6. Investment Manager Selection
  7. Economic Analysis and Setting Capital Market Expectations
  8. Tax Efficiency Strategies
  9. Asset Allocation
  10. Portfolio Construction and Revision
  11. Risk Management
  12. Execution of Portfolio Decisions (Trading)
  13. Performance Evaluation
  14. Presentation of Performance Results

For details, visit CFA Institute official site.    Learn how to plan your career here.

cfa in bangladesh

 

NOTE: IN BANGLADESH MOST STUDENTS PASS CFA EXAM WITHOUT PRIVATE TUITION. 

However; for getting admission into CFA Private Tuition in Dhaka, you can email me (19abdulkadir@gmail.com).

Note that classes will be held in Dhaka every Fri+Sat for two hours each.

Coaching Admission fee: BDT 5,000 and monthly BDT 6,000 (6-9 months) 

 

BONUS VIDEO: Which is the best fiance or marketing ?

 

If you have more information regarding “How to Become a Chartered Financial Analyst (CFA)”, please share in the below comment box,  contact us here

 

 

Comments

comments


Leave a comment

Your email address will not be published. Required fields are marked *

59 thoughts on “How to Become a Chartered Financial Analyst (CFA)

  • Tazul Islam

    Dear Sir,

    I would like to be a CFA but my job station is in Chittagong. Please show me an way to fulfill my dream to become CFA charter holder. Currently I am in Foundation level of ICMAB after doing MBA in Finance and post graduation in Economics.

    • Abdul Kadir Post author

      Dear Tazul,

      Thanks for your comments.

      No matter you are in Chittagong. Admission is done online. Exam in Every JUNE in Dhaka for ONE DAY three exam all are Multiple choice type.

  • Mizanur

    I want to be a CFA professional. I did my MBA in Finance. So far I understand that CFA requires to pass 3 Level of exam and all exams are online based. My question is how I will take preparation for exam, who will instruct me, is there any institution or center in Dhaka?

    How much does CFA program cost including registration fees and others?

  • Abdul Malek

    Drear,
    I am about to complete my BBA course. After this I want to enroll CFA. But I do not know very much about CFA. Please help me by answering my question.
    1. Whom do I contact?
    2. Where do the exam held?
    3. How can I prepare for the exam or is there any training institute and where it is?

    Thank yopu

    • Abdul Kadir Post author

      Dear Malek,

      Thanks for your interest.

      There are few institutes in Dhaka.

      Exams are held in Dhaka in every JUNE.

      Admission, registration and study are online.

      For tuition service, check you mail inbox.

      Wish you success in CFA.

  • Mostafizur Mamun

    Dear Mr. ABDUL KADIR,

    Could you have a chance to inbox me regarding CFA related information in Bangladesh? Is there any institute in BD? How much cost related with this program including tuition fees? Is there any requirements to pass all the Subs at a time in promoting every level? If possible give your contact no. that helps me to get more clarification from you.

    Thanks in Advance!!!!

  • istiak

    1. Whom do I contact?
    2. Where do the exam held?
    3. How can I prepare for the exam or is there any training institute and where it is?hellow
    i am about to complete my bba..cfa is very new to me.. i dont know much abot this ..it will be great if u provide me knowledege..
    thank you…

  • Shahriar

    I would like to know about the exam procedure and details about CFA , I prefer to be coached before sitting for exam of CFA , is there any recognized institute in Dhaka?

    • absar

      I am about to complete my BBA course. After this I
      want to enroll CFA. But I do not know very much about
      CFA. Please help me by answering my question.
      1. Whom do I contact?
      2. Where do the exam held?
      3. How can I prepare for the exam or is there any
      training institute and where it is?.
      4.How much cost.plz inform me

    • Abdul Kadir Post author

      Dear Anik,

      Thanks for contacting us.

      However; To become a CFA Program student, you must hold a Bachelor’s degree or its equivalent, or Be in the final year of your Bachelor’s degree at time of registration.

      So, first please try to do your Bachelor Degree, and move with CFA.

      Hope for the best.

  • Neehal

    Your article has changed my mind completely. Now I am in my 4th year BBA program and desperately interested in doing CFA without going for MBA. What can you suggest me regarding this?

    • Abdul Kadir Post author

      Dear Neehal,

      Thanks for your comments.

      We are happy to know that our article helps you.

      We think MBA is a common degree and adding little variation in career progress.

      You can go ahead with CFA, which is mostly promising in Bangladesh and, of course, outside Bangladesh.

      Wish your success.

  • -Ravi prakash Chhajer

    I am a commerce student,doing B com(honours)
    This is my final year,examination in may, if I want
    To do CFA course, knd tell me, this course is of how
    Many years, total fees, and what is opportunity
    Is there, in field,. Doing m m.b.a, is good or I should
    Do c F a course,i am living present in delhi

    • Abdul Kadir Post author

      Dear Ravi,

      Thanks for your mail.

      You can do CFA, which is based on Stock market.

      CFA is a professional course while MBA is being treated as a common degree.

      Admission process and expenses are mentioned in the article, please read it again.

      Wish your success.

  • Smita

    Hello,
    I have completed my M.B.A in Finance and Banking. I want to build up my career as a CFA holder. But I have little knowledge about CFA i.e.
    – CFA Degree providing Institutions in Bangladesh.
    – Will the institutions provide classes?
    – With whom I will contact?
    – Payment procedure for the Professional Course.
    – Will the institution provides syllabus for the exam?
    – How I will take preparation for the exam?
    Would you please provide me answers for the above quare?
    Thank you.

    • Abdul Kadir Post author

      Dear Smita,

      Thanks for your contact with I AM A STUDENT.NET.

      We also welcome your interest in CFA.

      Please check your mail for the responses to your queries.

      • Mohammed Hasan

        Hello,
        I have completed my B.B.A &M.B.A in Finance. I want to build up my career as a CFA
        holder. But I have little knowledge about CFA i.e.
        – CFA Degree providing Institutions in
        Bangladesh.
        – Will the institutions provide classes?
        – With whom I will contact in chittagong?
        – Payment procedure for the Professional
        Course.
        – Will the institution provides syllabus for the
        exam?
        – How I will take preparation for the exam?
        Would you please provide me answers for the
        above quare?

        Presently my job station is chittagong..
        Is there any institution for registration to CFA in chittagong??

        Thanks in advanced

  • Rab

    Can you please send me the details of everything related to cfa. I have so many questions that I don’t even know what to ask! This article was helpful. Thank you very much.

  • Momana Morshed Eva

    Hello….I like to study CFA. But I want to know about the cost in bd taka for the full course. Where from I can Study in Dhaka city ( Institutions Name)? I am graduate and studying MBA as well. What is the time duration to complete CFA?
    Plz help to let me know.
    Thanks in advance.

  • Abul Kalam Muhammad Ahsadul Hoque

    Dear Sir,
    I had completed M.Com (Accounting) & CA CC . Now I want to enroll CFA. But I do not know very much about CFA. Please help me by answering my question.
    1. Whom do I contact?
    2. Where is the exam held?
    3. How can I prepare for the exam or is there any training institute and where it is?

    Thank you

  • Md. Salah Uddin

    Hello,

    I have completed my BSS (2007) & MSS (2008) in Economics. I want to build up my career as a CFA holder. I have already been doing my job in a private bank for about 7.5 years and now act as a Manager of a branch. Can you please provide me the details of CFA with the prospects of CFA in Bangladesh in respect to my present job line.

    • Abdul Kadir Post author

      Hi Salah Uddin,

      Thanks for your contact.

      CFA is based on finance and investment.

      So, if you are confident enough and have hard-working attitude, you can go ahead.

      • Md Touhidul Islam

        Can you please help with more detail?

        -Is there any training center in DHAKA?
        -As I’m from engineering background, will it possible to achieve the certification?
        -Where can i get the course details?

  • Md. Abdullah Al Masud

    BBA completed. Passing year 2015. Doing a job at Dhaka. Age 24. Want to be a CFA. Need proper guidelines. Please give your valuable suggestion.

  • MD Riyad Hossain

    Hi,
    I’m a student of B.B.A .i’m staying at new 3rd year.I’m study in the national university .but my gpa is not so much just 2.58.could i study CFA?if i could.from where?and it takes how cost?please tell me in details.

    • Abdul Kadir Post author

      Dear Shoheb,

      Plz go through our post again.

      Admission is online and payment via Bank/card.

      Regards

      Abdul Kadir

  • Rose

    Dear Abdul kadir,
    I would like to interest it..
    I just complete bba from national university in accounting and now doing mBA .
    I live in dhaka and also job holder ..
    How can I study in CFA ??
    Tell me details …

    Thank u

    • Abdul Kadir Post author

      Thanks for your contact and interest in CFA.

      Please go through our post once and again where you can find all basic information to start studying CFA.

  • Faruk

    I have completed my B.Sc. in Chemical Engineering. Now I can found that this subject is not good for Bangladesh. I have learnt that, CFA is very much valuable in Bangladesh as well as Canada, Australia and many good countries. Is it true? Will it be feasible for me to go for CFA degree as it is not within my track, I have no problem to switch my track, I am just asking about the reading materials. Please let me know your suggestion.

    • Abdul Kadir Post author

      Dear Faruk,

      Thanks for your interest in CFA.

      Switching is common in these days.

      Your determination is the key.

      I would suggest you first study some books available online, then get admitted.

      I think science graduate can perform better in CFA.

    • Abdul Kadir Post author

      Dear Mr. Jalal Ahmad,

      Of course, you can get admitted into CFA course from Dhaka.

      Plz reread our post where there are the guidelines.

  • Nahid Parvej

    Hello,
    Currently I am the student of Finance and Banking and 4th year 1st semester. After completing my BBA , I want to complete CFA:
    But I do not have sufficient information about it,
    So I have some sorts common of question in mind ,like:
    -whether BBA is sufficient degree for CFA
    -how much time it will take to complete these three level
    -how much does it costs in Bangladesh
    -whats about the CGPA
    -Is there any teaching and coaching opportunity in DHAKA or outside the Dhaka and also its fees
    please tell me details about it by sending mail

  • Amirul

    I have completed my M.B.A in Finance and Bankin on 2010 now I a m a banker and Principal Officer by designation, will it be a wise decision to go for studying FCa at this stage as a banker its hard to manage time, should I go for this Herculian task? comparative cost benifit analysis whats your opinion about me? But I do Think I need self developement and do somerhing better.
    I have little knowledge about CFA i.e
    – CFA Degree providing Institutions in Bangladesh.
    – Will the institutions provide classes?
    – With whom I will contact?
    – Payment procedure for the Professional Course.
    – Will the institution provides syllabus for the exam?

    – How I will take preparation for the exam?
    Would you please provide me answers for the above quare?
    Thank you.

    • Abdul Kadir Post author

      Dear Mr. Amirul,

      Thanks for your interest in CFA.

      Actually CFA is a finance-based qualification which enables you not only to serve but also to establish personal consultancy business. CFA being a US qualification opens doors for your generation as well.

      Above all, you can manage at least 120 minutes for personal study, we would suggest trying because you have jobs, which has its own limitation.

      Check your inbox for answers.

  • Sazid mahmud

    From where i can collect books and how can i prepare my self without taking tuition.from where to register and when for level 1