Fast-track Option : 2 Years
offers the Accelerated CFA Program for the benefit of professionals, working
executives and full-time students of certain courses enabling them to
complete it in 2 years instead of the normal 3 years.
curriculum of the Accelerated CFA Program is the same as that of the Regular
CFA Program is divided into three levels : Level I, Level II and Level
under any of the following categories are eligible to enroll into the
Accelerated CFA Program :
with PG qualifications like PGDBA/MBA/MMS/MFC/MIB/MBE/MCom etc.
with 60% and above marks.
categories of candidates are also eligible to enroll into the Accelerated
CFA Program, provided they are graduates.
who successfully completed the Intermediate examinations of the Institute
of Chartered Accountants of India (ICAI), the Institute of Cost and
Works Accountants of India (ICWAI), the Institute of Company Secretaries
of India (ICSI) or the CAIIB Part I examination of the Indian Institute
of Bankers (IIB).
with CAIIB qualification.
students of the PGDBA/MBA/MMS/MFC/MIB/MBE/MCom Programs with business
schools (recognized by AICTE)/University Departments, IIMs and other
pursuing MBA (by correspondence) with Indira Gandhi National Open University
(IGNOU) and other Universities/All India Management Association (AIMA)/Indian
Institute of Bankers/Icfaian Council for Open and Distance Education.
Recruited Officers in Banks, Financial Institutions and Insurance Companies.
I officers in Central and State Government Services.
having a minimum of 5 years experience at managerial level.
members having a minimum of 5 years teaching experience at undergraduate/postgraduate
Accelerated CFA Program may be completed in a period of 2 years through
study and examinations.
of the Accelerated CFA Program have the flexibility of appearing for examinations
in a combined fashion for Level I and Level II together, and subsequently
for Level II and Level III together. To be eligible to appear for Level
II and Level III examinations together, candidates should have completed
are eligible to appear for the first examination (one Group) after three
months from the date of enrollment. Subsequently, after every three months
they can appear for one additional Group.
Waivers at CFA Level I
with prior professional qualifications like CA/CWA/CS are eligible to
get waivers from certain subjects in Level I of the CFA Program as indicated
Accountants, Cost and Works Accountants
Cost and Works Accountants
and Works Accountants, Company Secretaries
years (saving of 1 year)
candidates should have specified professional qualifications and/or
experience (with a bachelor's degree) or they should be first class
can be taken Level-wise, sequentially.
in taking examinations combining Level I and Level II; and Level
II and Level III.
All the rules and regulations relevant to the Regular CFA Program stated
elsewhere in this site are also applicable to the Accelerated CFA Program,
except where stated otherwise.
Period of Validity of Enrollment
are required to complete the CFA Program (all the three levels) within
a maximum period of seven years from the date of enrollment.
also required to complete Level I of the CFA Program within three years
from the date of enrollment.
who are unable to complete the program within the time-frame stipulated
above, but still keen on continuing in the program, are required to register
program for financial analysts, designed and administered by ICFAI, has
a modular structure. At the end of each Level, the successful candidates
receive a Diploma from ICFAI as indicated below. After completing Level
III, the successful candidates will be eligible to receive the CFA Charter.
successful completion of Level I
in Business Finance (DBF)
successful completion of Level II
Diploma in Finance (ADF)
successful completion of Level III
Diploma in Financial Analysis (PGDFA), leading to the CFA Charter
Certificates, Merit Certificates and Medals
the performance at the Level III examinations, ICFAI awards Rank Certificates
to top 10 candidates. Merit Certificates are awarded for the top performer
in each Subject. Gold and Silver Medals are awarded for the top performer
in each Group. A Special Award is given to the Best-Outgoing Student every
of the CFA Charter
All the candidates
who successfully complete the CFA Program of ICFAI will be entitled to
receive the CFA Charter from the Council of Chartered Financial Analysts
(CCFA), subject to fulfilling the conditions of membership in CCFA.