Hi friends, Ideally, there are two routes of getting the CFA charter one by enrolling into the MS (Finance) and after completing eight subjects (Groups Alpha, Beta, Gamma, Security Analysis and Portfolio Management & Mutual Funds papers) you get CFA charter and on completing the remaining papers in MS(Finance), you get MS degree from the University and the other route is directly enrolling in the CFA program of Icfai University Tripura, complete it and get the CFA charter and also the MFA degree from Tripura Icfai University.
Please note that ICFAI has never lost its case, it is pending Yaar at the Delhi High Court. What more is required?
The court said this order of injunction will not come into effect till the end of current academic session of the CFA program run by ICFAI
This clearly shows that icfai students interests are protected.
At the same time, the US cfa insititute lost case in UK. They have been denied use of the word charter by the UK court.
You can go thru the full story on
http://www.patent.gov.uk/tm/t-decisionmaking/t-challenge/t-challenge-decision-results/o31506.pdf
They are actually confusing the students in India by saying only they have right to use charter word.
Icfai CFA has protection from State legislature and also it is a UGC recognized course. There is no issues on this matter. Icfai started new University in Tripura and subsequently launched CFA program there.
qualified CFAs from Icfai are doing well in India and overseas. Most of the CFAs from Icfai are working in blue chip companies like banks, mutual fund companies, Investment firms, stock exchanges, derivative markets, and financial services.
Recently, Guwahati H Court asked Ministry of HRD and AICTE to take action against CFA Institute, US as the CFA Institute, US is running without any permission in India. You can read the story at
The Hindu News Update Service
hi TUMTUM,
just a small request....i m a software engineer holding 2 years of experience in IT...i wud like to pursue my interest in finance & BAnking....could you please let me know...how useful is the CFA course from ICFAI for a student who has no prior knowledge about commerce etc....
hope u would extend your help in the best possible way....
Regards,
Anamika
jain_dipika SaysHey thanks for the advice bizkool .. i usually keep up with the latest developments thru the internet ,the analyst, and mostly the newpapers. I am looking for work rite now... and have posted my CV on all the job portals possible. Just waiting for some good offers to flow thru ,, keeping my finges crossed 😃 once again thanks .. for the advice
Wipro, iGate, Ocwen, Fidelity, PwC, EY, KPMG, Deloitte,i flex, TCS ......every one of them hire CFA's. you just need the right contact to push your CV in. TRy looking for some friend/relative etc to give a referral(open the door). rest you shd manage during the interview.
hey is there anyone who has just completed CFA or knows someone who has completed CFA?? I wanted to know about the placements and the initial pay package offered to the entry level ppl.....plz can anyone help...
bizskool SaysWipro, iGate, Ocwen, Fidelity, PwC, EY, KPMG, Deloitte,i flex, TCS ......every one of them hire CFA's. you just need the right contact to push your CV in. TRy looking for some friend/relative etc to give a referral(open the door). rest you shd manage during the interview.
Hey thanks a lot bizkool. and as u said in your earlier posts there arent any major companies in mysore apart from infosys , L&T; and a few banks like HDFC, HSBC and Centurion bank here in mysore. i have put my CV in the banks. And I am considering moving to bangalore. thanks a lot for giving me a list of companies which hire CFA's thanks once again . I am going to bangalore for a few days to drop my CV a most of the places tht u mentioned and a few consultants tht hire for these companies.
The news is quite interesting but have you noticed one thing.
Now, CFA from Tripura has one exam of 100 marks 3 hour duration per subject. Which means that now they have to give only 12 exams where as MS(Finance) linked CFA needs 24 exams to get CFA charter.
Won't this two charters create confusion regarding the which is superior. Won't it confuse the employers.
Why students from ICFAI Uttaranchal put more efforts for CFA than those of ICFAI Tripura.
And when ICFAI claims that the syllabus and functional areas are different for both CFAs then how will the employers know these facts, won't it confuse the investment community.
This point needs serious discussion.
well yaa this thing need to be discuss
This is the payment Cretria of ICFAI TRIPURA FOR CFA Program in there Prospectus
Payment
The applicants enrolling into the program are
required to pay a fee of Rs. 4,000, which includes
admission fee of Rs. 2,000 and a one time
examination fee of Rs. 2,000 for the first two
groups. For the subsequent groups, the
examination fee per group is Rs.1,000 which is
to be paid by the students separately as and when
they register for the examinations. The fee has to
be paid in lumpsum by Demand Draft or Credit
Card. Demand Draft should be drawn in favor
of "The Icfai University, Tripura" payable at
Agartala, Tripura.
Please note that there will be no reduction in basic
fee even if a student is eligible to claim subjectwise
waivers based on prior qualifications as
SECOND THING
The Icfai University Press
The Icfai University Press publishes the courseware for the CFA Program as per the curriculum of the Icfai University, Tripura. The courseware includes textbooks, workbooks, study guides and books of readings. Initially the courseware is supplied for the first group only, so that the students will always get the latest editions as they progress in their studies.
Cost: Rs. 18,000.
Third Thing Subject Waivers
Subject Eligibility for waiver
Financial Accounting CA/CWA/MS(Finance) /DBF/MS (Accounting)
Economics MA (Eco),MS (Finance) / DBF
Quantitative Methods M.Sc (Stat),MS (Finance) / DBF
Financial Management MBA(Finance),MS(Finance) / DBF
Financial Statement Analysis CA/CWA/MS (Accounting)
SO FOUR SUBJECTS ARE WAIVED FOR THE (DBF)
AND THE LAST THING AS EARLIER MENTIONED IS THAT
THEY HAVE ONLY ONE PAPER FOR EACH SUBJECT OF 100 MARKS
SERIOUSLY NEED DISCUSSION ON THAT,,,, WITH 4000 ADMISSION FEE WHICH INCLUDE 2000 AS EXAMINATION FEE AND 2000 AS ADMISSION FEE,, FOR WHICH WE HAVE PAID 60000 THOUSAND
AND WHAT IS THE DIFFRENCE BETWEEN THE CFA CHARTER THE TRIPURA UNIVERSITY WILL PROVIDE AND
REGARDS
MUNISH
well yaa this thing need to be discuss
This is the payment Cretria of ICFAI TRIPURA FOR CFA Program in there Prospectus
Payment
The applicants enrolling into the program are
required to pay a fee of Rs. 4,000, which includes
admission fee of Rs. 2,000 and a one time
examination fee of Rs. 2,000 for the first two
groups. For the subsequent groups, the
examination fee per group is Rs.1,000 which is
to be paid by the students separately as and when
they register for the examinations. The fee has to
be paid in lumpsum by Demand Draft or Credit
Card. Demand Draft should be drawn in favor
of "The Icfai University, Tripura" payable at
Agartala, Tripura.
Please note that there will be no reduction in basic
fee even if a student is eligible to claim subjectwise
waivers based on prior qualifications as
SECOND THING
The Icfai University Press
The Icfai University Press publishes the courseware for the CFA Program as per the curriculum of the Icfai University, Tripura. The courseware includes textbooks, workbooks, study guides and books of readings. Initially the courseware is supplied for the first group only, so that the students will always get the latest editions as they progress in their studies.
Cost: Rs. 18,000.
Third Thing Subject Waivers
Subject Eligibility for waiver
Financial Accounting CA/CWA/MS(Finance) /DBF/MS (Accounting)
Economics MA (Eco),MS (Finance) / DBF
Quantitative Methods M.Sc (Stat),MS (Finance) / DBF
Financial Management MBA(Finance),MS(Finance) / DBF
Financial Statement Analysis CA/CWA/MS (Accounting)
SO FOUR SUBJECTS ARE WAIVED FOR THE (DBF)
AND THE LAST THING AS EARLIER MENTIONED IS THAT
THEY HAVE ONLY ONE PAPER FOR EACH SUBJECT OF 100 MARKS
SERIOUSLY NEED DISCUSSION ON THAT,,,, WITH 4000 ADMISSION FEE WHICH INCLUDE 2000 AS EXAMINATION FEE AND 2000 AS ADMISSION FEE,, FOR WHICH WE HAVE PAID 60000 THOUSAND
AND WHAT IS THE DIFFRENCE BETWEEN THE CFA CHARTER THE TRIPURA UNIVERSITY WILL PROVIDE AND
REGARDS
MUNISH
What you have said is correct and there is nothing we can do about this.
Leave aside the fee aspect even the fact that they have to give only one exam unlike ours is very disturbing.
Let it be any thing, employers are wise enough to make out the difference.
i dont think employers Can diffrenciate ICFAI TRIPURA AND ICFAI UTRANCHAL,, Yaa CFA AMIR and CFA ICFAI Can be compared buts this seems the same thing,, Aw have u asked for the clerification from the ICFAI
learningmaster Saysi dont think employers Can diffrenciate ICFAI TRIPURA AND ICFAI UTRANCHAL,, Yaa CFA AMIR and CFA ICFAI Can be compared buts this seems the same thing,, Aw have u asked for the clerification from the ICFAI
Of course there is difference and sooner or later, employers will make out the difference.
Below is the reply I have received from ICFAI for the query
Dear Ketan
Please note that you are enrolled into the MS (Finance) program offered
under flexible learning format by the Icfai University, Dehradun,
Uttaranchal. Successful completion of 9 groups of the program leads to
award of MS (Finance) degree from the Icfai University, Dehradun, besides
membership in CCFA under the revised guidelines.
On the other hand, successful completion of 6 groups of the CFA program
offered by the Icfai University, Tripura leads to Master of Financial
Analysis (MFA) and CFA Charter from the Icfai University, Tripura.
You may, therefore note that MS (Finance) you are pursuing is different
from the CFA Program being offered now by the Icfai University,
Tripura. You may also note that the focus areas of the MS (Finance) are
Corporate Finance, International Finance, Investment Management & Financial
Services while that of the CFA program are Financial Markets, Analysis
& Valuation, Portfolio Management, Mutual & Other funds.
Hope this clarifies the position. Feel free to contact SSD over toll
free nos 1800-425-2911 or 1800-103-0303 for any further clarification.
Yours sincerely,
Dean
Student Services Department
I hope every thing is clear to your now.
Delhi high court have ruled in favour of ICFAI. They have reversed the interim injunction order which was released last year in August 2006. ICFAI is free to run their business.
Who owns CFA trademark have not been decided by Delhi high court ruling on march 26, 2007. Delhi high court will wait for AICTE proceedings against CFA institute and will announce a new date.
As per ICFAI top authorities, CFA brand from ICFAI will continue in India for the future and case will be dragged on for years as there is no solution to the trademark problem.
ICFAI will issue media release in few days time.
Hello, junta, back after a long time I guess.
I m truly happy to hear the High Court Decision on the case. This gives all of us a big lease of life and works in ICFAI's favour.
Keep studying and working hard.
All the best.
One more quetion to you guys Is it Worthy to do CFA tripura MFA along with MS Finance as its seem a Sweet cake for us now without a huge expense and huge efforts
learningmaster SaysOne more quetion to you guys Is it Worthy to do CFA tripura MFA along with MS Finance as its seem a Sweet cake for us now without a huge expense and huge efforts
Huge expense may be spared but what makes you think you can do away without making huge effort? Dont underestimate this degree my friend!
well point noticed tumtum,, but my point is that as i am DBF so will be given assumption in four Subject out of first six,, second thing all the other subject are born from the FRM, SA and PM. i am already studying that and puting efforts in that so it would not need an extraa huge effort to do MFA i think.
So if MFA is giveing some extra weight to ur resume then Is it worthy doing it..
Hi Guys,
Make sure that the Indian CFA gives uu the edge that uu are lukin out for,cos as far as the Finance Industry is concerned,this course is least recognised. Try to find out ppl who have actually done this course and are well settled in the Big Financial Companies.
Ofcousre it has value my dear who told you that it is least recognised
Check these fund managers profiles and u will find few CFA from ICFAI too.
:: Birla Sun Life Mutual Fund ::
Way2Wealth - Fund Manager Interviews
https://www.assetmanagement.abnamro.co.in/aboutus/key_people.html
ICICI Securities
Kotak
Still I feel it is not an industry recognised course.you can see the advertisements that come up in Economic Times where they specifically mention"CFA(AIMR)".