Unnecessary ICFAI is taking a panga. ICFAI new cfa have made cfa US angry and see the results today 
ICFAI course is such a good course in its own respect and just because of trademark rights, student community is getting anxious and not able to focus for april exams.
I am a student of ICFAI and i feel icfai should change its cfa course name. DBF/ADF/MS finance + introduce a new professional charter like indian financial analyst ( IFA) or chartered indian financial analyst (CIFA)
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Unnecessary ICFAI is taking a panga. ICFAI new cfa have made cfa US angry and see the results today
ICFAI course is such a good course in its own respect and just because of trademark rights, student community is getting anxious and not able to focus for april exams.
I am a student of ICFAI and i feel icfai should change its cfa course name. DBF/ADF/MS finance + introduce a new professional charter like indian financial analyst ( IFA) or chartered indian financial analyst (CIFA)
I am cleared 2 levels os ms(finance) and after this notice by cfa,usa i fear that the market value of this course would decline. the employers may look down on us. ICFAI should revert back by Agressively promoting CIIA
I am cleared 2 levels os ms(finance) and after this notice by cfa,usa i fear that the market value of this course would decline. the employers may look down on us. ICFAI should revert back by Agressively promoting CIIA
Thats good. How long it took you to complete till kappa. Did you tried for jobs in KPO sector in Mumbai?
Thats a good idea. They should change course structure like new cfa. Why should a financial analyst study gamma group- Management accounting and laws- it is a complete waste group and in the new cfa from tripura they have excluded that group. ICFAI should have its own qualification leading to CIIA from switzerland.
hey guyz... i know its kiddish... but i wanna know the difference between the names CFA and MS Finance... have been asked this question in two interviews... and was clueless... i mean why is the same course known by two names? what is the difference? is it that we get both the degrees or wat? i have completed till epsilon... wud be grateful if sum1 cud help me out with this question.
thanx guys..
hi i ver concverned about ICFAI , The ntoce by CFAI printed in Economic times and TOI would have a very bad effect on ICFAI.ICFAI should nt have launched ICFAI, tripura.
I am concerned about the the job prospects on completetion of the course.
Size of the ad shows their desparation and how scarred they are about Tripura CFA. ICFAI program is 22 yrs old. Every company knows abt them. It the age of India, all foreign companies are scarred of indian companies
Size of the ad shows their desparation and how scarred they are about Tripura CFA. ICFAI program is 22 yrs old. Every company knows abt them. It the age of India, all foreign companies are scarred of indian companies
Yup...I was also surprised seeing their full page AD in both TOI and ET. They simply shocked India !
BaBu SaysYup...I was also surprised seeing their full page AD in both TOI and ET. They simply shocked India !
Have you viewed this http://www.icfai.org/icfaiclarifies.asp
Have you also seen the ICFAI Ad in TOI and Mumbai Mirror.
One thing is clear, ICFAI is fully geared to take on CFA Institute and there seems to be no end to the dispute in the near future.
By launching CFA Tripura, ICFAI has certainly made clever use of law.
Of course I personally feel that CFA designation should be treated as a generic term same as MBA, CA, CS, CWA etc. Registering it as a trademark just means that they do not want any competition and have easy profit.
Why go for a trademark when they feel ( i.e. CFA Institute feels) that CFA (AIMR) is a better course and has the so called gold standard. The industry is mature to judge quality.
Had Harvard School of Business registered MBA as a trademark, there wouldn't have been any B-School offering a MBA.
US has always created and used laws for their own convenience.
Any ways, one thing is clear, ICFAI is not going to allow is students' interest affected.
Latest News : "ICFAI to set up 15 pvt varsities at Rs 1000cr"
view this Banking & Finance
This proves that ICFAI is no longer a small thing.
BaBu SaysYup...I was also surprised seeing their full page AD in both TOI and ET. They simply shocked India !
Those days are over. India is not Iraq. India is too big and smart to be shocked by some pvt inst, even from US. these days even their president does not try shocking India, post Pokharan. But some people take much longer to digest history
learnmore SaysThose days are over. India is not Iraq. India is too big and smart to be shocked by some pvt inst, even from US. these days even their president does not try shocking India, post Pokharan. But some people take much longer to digest history
hey man calm down India is neither iraq but also not US.Anyways leave it .I think babu just wants to say in terms of CFA community in india.It really produced some waves.
Read this !
Is ICFAI the same as the American CFA?
2007-02-15 12:48:52 Source : Moneycontrol.com
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Certified Financial Accountants or CFAs are hot property these days. But two institutes who hand over these degrees are locked in a bitter battle of jurisdiction on offering such a degree. Jeffery Diermeier is an angry man. The President and CEO of the global CFA Institute is annoyed with the Institute of Chartered Financial Analysts of India's or ICFAI's recent advertisement about its CFA programme. The advertisement, he says, violates the Delhi High Court interim order that bars ICFAI from using the CFA brand from the next academic session.
President & CEO, CFA Institute, Jefferey Diermeier told CNBC-TV18, "They are coming here out with advertisements attracting students for their CFA programme for the next session, when the high court injunction will come into effect. So, we are upset with the way they are misleading students."
So, the CFA Institute came out with advertisements warning people against the CFA title conferred by the Indian school. And this in turn infuriated ICFAI. Senior Advisor & Head, ICFAI, YR Bhushan says, "There was a court order but it was an interim one and we have appealed against it and the hearing is in March 2007. So, it is very immature to talk about it now."
ICFAI responded with advertisements about validity of their CFA course and university.
While about 12,000 students have so far been conferred the CFA title, ICFAI has had 4,000 students passing out of its course. And till the court pronounces its final verdict, it could mean anxious moments for these students many of whom have already bagged high paying jobs.
Sparks fly over CFA trademarkKalpana Pathak / Mumbai February 15, 2007 (Business Standard :: Business News, Business World, India Stock News, Mumbai Stock, Market Index, India Business, India Economy, Corporate Result, Budget, Trade, Events, Technology, Cars, Bikes, Retail, Buy, Sell, Shop, SMS, Regional News, Corporate )Kalpana Pathak reports on the battle between ICFAI and a UK institute. The battle between Institute of Chartered Financial Analysts of India (ICFAI) and the Chartered Financial Analayst (CFA) Institute of the UK over the CFA trademark has intensified. While the battle is being fought in the high court (the next hearing is in March), ICFAI says its future plans remain unaffected. The plans include setting up 15 private universities in nine states by 2010 at an estimated cost of Rs 1,000 crore. ICFAI has acquired land in Nagpur (54 acres), Kanpur (60 acres) and Chandigarh (50 acres) to establish these university campuses. The Rajasthan government has also allocated 40 acres in Jaipur. Jeffrey Diermeier, president and CEO of the CFA Institute, says he would step up the drive to caution investors over the use of the word CFA. The institute has objections to the use of the word CFA by the ICFAI, which offers an educational programme specialising in finance called the CFA programme and awards a title called CFA. "They can't claim CFA designation. We encourage the use of the curriculum but not the designation," says Diermeier. On its part, ICFAI says the ICFAI university has been established through an act of state legislature (Tripura) and has been approved by University Grants Commission. It is mandated by the legislature to offer the CFA programme and the CFA chartered designation to successful candidates who will also receive the Master of Financial Analysis (MFA) degree. A point hotly contested by the ICFAI. The institute says it never approached CFA and has been using the designation CFA for its degrees since inception, 20 years ago. Says Subhash Sarnikar, Chairman ICFAI, "The then American president of CFA Institute, Alfred C Morley had suggested ICFAI to get the CFA designation registered in India and ICFAI had subsequently applied for the same in 1990. Also, CFA has not registered its brand in India." ICFAI was initially known as the Institute of Certified Financial Analysts of India (ICFAI). Sarnikar however, maintains that the interest of the students will not be affected in any case. Observers say CFA is keen to get its trademark designation back as it is planning organic growth in India. The CFA programme has grown by 500 percent since 2003 in India with more than 6,600 total enrollments for one of the three CFA exams. It has more than 76000 CFA institute charterholders in 125 countries. with offices in Charlottesville, London, Hong Kong and New York. The court had issued an interim injunction order on the use of the word CFA. ICFAI has already appealed against the order. The case will come up for hearing before the Bench of the Delhi High Court in March 2007.
Story Comments Posted By : naiyer on 15 February,2007ICFAI bears the lowest form of professionalism and there is no comperision with its UK counterpart. 
ICFAI KEEPS FIGHTING- A NEW TWIST TO STORY- CFA BILL 2007
Welcome to the Council of Chartered Financial Analysts
The Council of Chartered Financial Analysts (CCFA) was established as a not-for-profit society at Hyderabad in 1988 for the development and regulation of the profession of Chartered Financial Analysts (CFAs) who have been examined and certified in various aspects of financial analysis by the Institute of Chartered Financial Analysts of India (Icfai).
During the last 20 years, Icfai has been focusing on the research and educational aspects, whereas CCFA has been focusing on the development of the CFA profession in India. We now have over 4000 CFAs in India and abroad who have completed the CFA Program offered by Icfai.
CFAs are engaged in a number of professional activities relating to the investment industry, banking, insurance and the corporate sector. Most of them are employed by portfolio management companies, asset management companies/mutual funds, investment banks, securities research firms and the corporate sector. Many of our CFAs are also working in similar job profiles abroad.
Icfai & CCFA have been working on nurturing the CFA profession right from its inception and have brought it to the present level. It is now time to take it even further. In this regard, it was proposed to approach the Government of India for an appropriate legislation to establish the CFA profession on statutory lines. As the work of CFAs mainly revolves around the investment industry and millions of investors participate, directly or indirectly, in the capital markets, there is a strong need to establish the CFA profession on statutory lines to protect the investors` interests.
In this connection, CCFA has prepared a draft bill, The Chartered Financial Analysts Bill, 2007, which has already been submitted to the Ministry of Finance, Govt of India for consideration. Some of the salient features proposed in this bill include :-
We welcome comments & suggestions from CCFA Members.
CCFA Members are requested to go through the draft bill and send us their comments and suggestions, so that relevant suggestions can be incorporated in the final version.
Comments and suggestions can be emailed to Member-Secretary, CCFA at [email protected].
Welcome to the Council of Chartered Financial Analysts
The Council of Chartered Financial Analysts (CCFA) was established as a not-for-profit society at Hyderabad in 1988 for the development and regulation of the profession of Chartered Financial Analysts (CFAs) who have been examined and certified in various aspects of financial analysis by the Institute of Chartered Financial Analysts of India (Icfai).
During the last 20 years, Icfai has been focusing on the research and educational aspects, whereas CCFA has been focusing on the development of the CFA profession in India. We now have over 4000 CFAs in India and abroad who have completed the CFA Program offered by Icfai.
CFAs are engaged in a number of professional activities relating to the investment industry, banking, insurance and the corporate sector. Most of them are employed by portfolio management companies, asset management companies/mutual funds, investment banks, securities research firms and the corporate sector. Many of our CFAs are also working in similar job profiles abroad.
Icfai & CCFA have been working on nurturing the CFA profession right from its inception and have brought it to the present level. It is now time to take it even further. In this regard, it was proposed to approach the Government of India for an appropriate legislation to establish the CFA profession on statutory lines. As the work of CFAs mainly revolves around the investment industry and millions of investors participate, directly or indirectly, in the capital markets, there is a strong need to establish the CFA profession on statutory lines to protect the investors` interests.
In this connection, CCFA has prepared a draft bill, The Chartered Financial Analysts Bill, 2007, which has already been submitted to the Ministry of Finance, Govt of India for consideration. Some of the salient features proposed in this bill include :-
- Constitution of the Council of Chartered Financial Analysts by the Central Government, and consequently the CCFA Society will be merged with this new Council.
- This new Council will regulate the profession of Chartered Financial Analysts.
- All members of CCFA shall be entitled to become the CFA members of the new Council as per the Regulations.
- A Board of Governors of the Council shall be constituted for managing the Council, and carrying out the responsibilities as per the various provisions of this Act. In the management structure envisaged in this draft bill, the Central Government will play an important role with six nominees on the Board. It is also proposed to have two nominees from SEBI, one from RBI, one from IRDA and two from stock exchanges (like BSE and NSE). In addition, there will be (a maximum number of) 24 persons elected by the CFA members.
We welcome comments & suggestions from CCFA Members.
CCFA Members are requested to go through the draft bill and send us their comments and suggestions, so that relevant suggestions can be incorporated in the final version.
Comments and suggestions can be emailed to Member-Secretary, CCFA at [email protected].
@BABU
This is one mother of all battles and ICFAI is doing nothig short of dropping a nuke bomb on the CFAI.
I just hope that IAIP members dont have a heart attack after knowing all this !!
Waaahahahahah.........this is really mast mast stuff frens !
This is one mother of all battles and ICFAI is doing nothig short of dropping a nuke bomb on the CFAI.
I just hope that IAIP members dont have a heart attack after knowing all this !!
Waaahahahahah.........this is really mast mast stuff frens !
ICFAI KEEPS FIGHTING- A NEW TWIST TO STORY- CFA BILL 2007
Welcome to the Council of Chartered Financial Analysts
The Council of Chartered Financial Analysts (CCFA) was established as a not-for-profit society at Hyderabad in 1988 for the development and regulation of the profession of Chartered Financial Analysts (CFAs) who have been examined and certified in various aspects of financial analysis by the Institute of Chartered Financial Analysts of India (Icfai).
During the last 20 years, Icfai has been focusing on the research and educational aspects, whereas CCFA has been focusing on the development of the CFA profession in India. We now have over 4000 CFAs in India and abroad who have completed the CFA Program offered by Icfai.
CFAs are engaged in a number of professional activities relating to the investment industry, banking, insurance and the corporate sector. Most of them are employed by portfolio management companies, asset management companies/mutual funds, investment banks, securities research firms and the corporate sector. Many of our CFAs are also working in similar job profiles abroad.
Icfai & CCFA have been working on nurturing the CFA profession right from its inception and have brought it to the present level. It is now time to take it even further. In this regard, it was proposed to approach the Government of India for an appropriate legislation to establish the CFA profession on statutory lines. As the work of CFAs mainly revolves around the investment industry and millions of investors participate, directly or indirectly, in the capital markets, there is a strong need to establish the CFA profession on statutory lines to protect the investors` interests.
In this connection, CCFA has prepared a draft bill, The Chartered Financial Analysts Bill, 2007, which has already been submitted to the Ministry of Finance, Govt of India for consideration. Some of the salient features proposed in this bill include :-Click here for the full text of the draft CFA bill.
- Constitution of the Council of Chartered Financial Analysts by the Central Government, and consequently the CCFA Society will be merged with this new Council.
- This new Council will regulate the profession of Chartered Financial Analysts.
- All members of CCFA shall be entitled to become the CFA members of the new Council as per the Regulations.
- A Board of Governors of the Council shall be constituted for managing the Council, and carrying out the responsibilities as per the various provisions of this Act. In the management structure envisaged in this draft bill, the Central Government will play an important role with six nominees on the Board. It is also proposed to have two nominees from SEBI, one from RBI, one from IRDA and two from stock exchanges (like BSE and NSE). In addition, there will be (a maximum number of) 24 persons elected by the CFA members.
We welcome comments & suggestions from CCFA Members.
CCFA Members are requested to go through the draft bill and send us their comments and suggestions, so that relevant suggestions can be incorporated in the final version.
Comments and suggestions can be emailed to Member-Secretary, CCFA at [email protected].
hmmmmmmmmmmm really cool stuff man .I think this might just be the begning
HI All,
I don't very frequently visit this forum..... but today is different.... it seems to be the beginning of a new era in Chartered Financial Analyst in India....... woh wht an idea of getting a statutory status for CFA, just like CA and CS.....
Babu, thanks for informing the forum on this development...... I have downloaded the Bill and plan to write to CCFA for my views..... just want to feel the joy of being a part new revolution.....
As I just mentioned, I don't visit this very often..... but would like the regular ones like Babu and Tumtum, both of whom have given their valuable time and inputs to the forum in shaping the views of many as students with studies and also prospective students with enrolment, to continue their contribution..... Thanks to you both.....
Just to introduce myself to the forum after a long long time...... I finished my MBA and CFA from ICFAI in 2004 and 2005 respectively. SO I AM BIG MEMBER OF THE ICFAI COMMUNITY.....:)
Currently doing the American CFA (Level 2) and also plannning to give the final exams of CIIA sometime later this year....
Wish all the members of the forum good luck in their studies and professtional careers...
HI All,
I don't very frequently visit this forum..... but today is different.... it seems to be the beginning of a new era in Chartered Financial Analyst in India....... woh wht an idea of getting a statutory status for CFA, just like CA and CS.....
Babu, thanks for informing the forum on this development...... I have downloaded the Bill and plan to write to CCFA for my views..... just want to feel the joy of being a part new revolution.....
As I just mentioned, I don't visit this very often..... but would like the regular ones like Babu and Tumtum, both of whom have given their valuable time and inputs to the forum in shaping the views of many as students with studies and also prospective students with enrolment, to continue their contribution..... Thanks to you both.....
Just to introduce myself to the forum after a long long time...... I finished my MBA and CFA from ICFAI in 2004 and 2005 respectively. SO I AM BIG MEMBER OF THE ICFAI COMMUNITY.....:)
Currently doing the American CFA (Level 2) and also plannning to give the final exams of CIIA sometime later this year....
Wish all the members of the forum good luck in their studies and professtional careers...
I dint think the bill will pass through ICFAI has a law suit against it, i dont think the GOvt of India will take on any problems from AIMR.the other problem is ICAI will not allow any course to hace a charter designation, they are already facing competition from CFA(USA), CPA,CIMA,CISAetc.........though Govt recognition will take ICFAI to a new high level, it seems unreal and even 2 late.Please tell me is CIIA recognised in INdia, USA or Europe and is at par with CFA(USA).
hello all....here's my profile...i am a bcom hons and graduated in 2006..have been self employed for the last 9 months engaged in tarding of finished steel products under a proeritership...and have done quite well doing a turnover of 2 crores....
gave the b school entrances this season and am awaiting the results for nmims(mumbai)...
even though i have the passion for entrepreneurship i want to be well versed with the concepts of finance and i am interested in it even though I dont know much about the concepts apart from the ones i did during my grad....
my query is addressed to babu and tumtum...
now guys if i dont get through nm I am seriously going to pursue cfa now ms finance from icfai...can you tell me what are the prospects of a cfa with mba in finance or banking...even if i do get thru nmims i am still keen to pursue it...so is it advisable to do it along with mba...
provided that i start preparing from march 15,how much time do you think it should take me before i can appear for group 1 exams....
i have gone through the whole thread but i'd still like the experts to answer my queries keeping my profile in mind...
thanks
This is an article from The Hindu :
Programme to meet industry needs
R. RAVIKANTH REDDY
The Institute of Chartered Financial Analysts of India (ICFAI) University has launched Chartered Financial Analyst (CFA) programme.
The Indian capital market is growing from strength to strength and getting integrated fast into the global financial scenario thanks to financial sector reforms.
The positive signals have led several Indian companies to go global with wide range of products and services. And this scenario created employment opportunities for professionals to guide this burgeoning industry.
To train professionals for industry needs, the Institute of Chartered Financial Analysts of India (ICFAI) University, Tripura, has started Chartered Financial Analyst (CFA) programme.
It is based on contemporary theory and practice, provides a strong conceptual foundation to those aspiring for careers in investment industry and imparts knowledge and skills in equal measure.
"The focus of the programme is on practical applications with lots of case studies," says J. Mahender Reddy, Vice- Chancellor of ICFAI, Tripura. Students with any discipline can enrol in the programme and complete it in 12 to 18 months depending on the waivers for possessing specified qualifications. Students with prior qualifications like CA, CWA, MS (Finance), MA (Economics), MS (Accounting), M.SC (Stats) and MBA (Finance) are eligible for waivers from certain subjects. Students would be enrolled as private candidates and the University would award the Master of Financial Analysis Degree and also confer the CFA Charter and Designation on the student. Since the ICFAI University in Tripura is recognised by the UGC under Section 2 (f) of the UGC Act, the degree would be recognised all over the country and they would be eligible for higher studies in other universities. Prof. Reddy says trained CFAs would have promising careers in Equity Analysis and Valuation, Debt Analysis and Valuation, Derivative Analysis and Valuation, Portfolio Management, Mutual Funds, Pension Funds, Hedge Funds, Financial Research, Investment Consultancy, Venture Capital, Investment Banking, Credit Rating, Wealth Management Services and Financial Research firms. The programme is divided into six groups and clearance of first group is must to study the second group. Examinations would be conducted four times a year all over India. The course fee is around Rs. 22,000.
I don't understand, how can a CFA Charter be issued by two bodies i.e. ICFAI Tripura and CCFA. And god forbid, if CCFA loses the case, what will be the fate of MS(Finance) students,. then we won't get the charter even by studying the syllabus of CFA.