Is a BCom (A & F) from IGNOU eligible for pursuing CFA?

CFA is a globally recognized program that embarks on the strong base of investment analysis in a real market. If a student has done their graduation (B.Com) from IGNOU, it is possible to continue the CFA program but there are some eligibility criteria that should be matched by the candidates.

Eligibility:

The candidates must meet all the following eligibility criteria who are applying for the CFA program.

• Students with a bachelor’s degree in related areas can apply for CFA programs.

• A student with the final year/semester of their graduation can also register for the CFA program but in the meantime, the candidates must have to complete graduation before registering for the level 2 exam.

• Minimum 4 years of work experience as well as graduate degree required for this global program.

• A valid passport required to have a student while registering.

Levels of CFA exam:

There are three levels to get CFA certification, it will take a duration of 1.5 -4 years to complete. All the levels are described below.

Level 1:

• The level 1 examination is conducted 2 times in one year, i.e. 1st week of June and December.

• The exam pattern of the CFA level 1 exam consists of 240 multiple choice questions with a duration of 3 hours and the average passing mark is 43%.

• The early registration fee is around 700 USD and additional 450 USD have to be paid for those who are registering for the first time.

Level 2:

• The registration process is similar to level 1 but only in the month of June, the level 2 exam is conducted.

• There are a total of 120 multiple choice questions included with a duration of 3 hours.

• The passing percentile of the level 2 exam is 45%.

Level 3:

• The question pattern for level 3 is different from level 1 and level 2. The exam is divided into morning sessions and afternoon sessions.

• The morning session is consisting of essay type questions whereas the afternoon session is about MCQs.

• 56% of marks are required to secure the level 3 exam.

It is very difficult to qualify all the CFA levels exam, in case the candidates do not qualify level 1, he/she has to wait 6 months for the next level1 exam.

CFA Institute in India:

Few colleges that offer CFA programs in India are mentioned below.

1. Central Indian institute of management studies

2. International college of financing planning

3. Narayana business school

So, yes, the IGNOU candidates can also pursue the CFA program only when the candidates fulfill all the eligibility criteria mentioned above.