Introduction of the Professional Body

"The CFA Program has been described as the gold standard qualification for the investment industry. The program thoroughly covers a broad range of investment topics including asset valuation, financial mathematics, corporate finance and portfolio management. The qualification is ideal for people working as Analysts or Asset Managers, but also for anyone wanting to understand the workings of the financial markets from a theoretical and practical perspective will find it useful. Throughout the three levels there is a strong emphasis on building analytical skills underpinned by a belief in ethical behavior. " The CFA examinations are administered by CFA Institute, whose headquarters are in Charlottesville, USA, with offices in London and Hong Kong. The Institute is composed of more than 100,000 individual voting members and 136 societies around the world.

Benefits of CFA Qualification

  • CFA is a global passport to Career Adviser's Designation and is respected worldwide for its skills and its high ethical standards
  • Becoming a CFA is now a passport for excellence and international mobility.
  • Highly paid professionals around the globe
  • Opportunity to join top 24 employers including Bank of America, Barclays, Deutsche Bank, Price water house Coopers etc.


To register for the program, a delegate must fulfill the entrance requirements. You must:

  • Have a bachelor's degree, be in the final year of your bachelor's degree, or have a combination of work and college experience that totals at least four years.
  • Meet the professional conduct admission criteria Registering for your first examination also registers you as a candidate on the CFA Program. A one-off enrollment fee is required in addition to the examination registration fee.

CFA Requirements

Meet the work experience requirements

  • If you became a candidate in the 2005 examination cycle or thereafter, you will need four years of acceptable professional work experience for regular membership
  • Become a regular member of CFA Institute
  • Receive your official status. The CFA Institute will notify you when you have completed all requirements and can begin using the CFA designation
  • Maintain your status. Follow the CFA charter holder guidelines
  • For full details on the CFA charter requirements, please visit the CFA Institute website at

Exemptions in ACCA

A maximum of nine papers at the Fundamentals level of the ACCA Qualification can be awarded. To preserve the integrity and rigor of the ACCA Qualification and to ensure that all students share a common experience, ACCA does not award any exemptions at the Professional level. Exemption from all three levels of the Certified Accounting Technician (CAT) Qualification can be considered, depending on the standard and equivalence of the qualification held. Exemptions are also available for the Foundations in Accountancy suite of awards. No exemptions are awarded from any of the papers of modules examined within ACCA's suite of post-professional qualifications.

Previous Qualification Exemptions from ACCA Papers
MBA F1-F3, (depending upon specialization)
M.Com F1-F4
BBA (Honours) F1-F3, (depending upon specialization)
CA Intermediate (ICAP) F1-F3
CA Complete (ICAP) F1-F9
CA Complete (ICAEW) F1-F9

Examination Structure

Level-I Examination

  • Consists of a 3-hour morning session examination and a 3-hour afternoon session examination on the examination day.
  • All questions in the Level I examination are multiple-choice questions.
  • All work will be covered in both morning and afternoon examinations.
  • Examination opportunities in June and December.

Level-II Examination

  • Consists of a 3-hour morning session examination and a 3-hour afternoon session examination on the examination day.
  • The Level II examination is composed of item-set questions. (Item sets are sometimes called “mini-cases.” Each item set on the CFA examination consists of a vignette (or case statement) and six multiple choice items (questions).)
  • All work will be covered in both morning and afternoon examinations
  • Examination opportunities in June only

Level-III Examination

  • Consists of a 3-hour morning session examination and a 3-hour afternoon session examination on the examination day.
  • The Level III examination is composed of item-set and essay questions
  • Examination opportunities in June only

Section B

  • 5 x 6 mark multi-task questions 30%
Exam Format (F4 - F9)
Subject Current Exam Format Trialed Specimen From December 2014 ∗
F4 10 × 10 mark MTQ ∗∗
style is written questions
35 × 2 mark MCQs ∗∗∗
5 × 6 mark MTQs
20 × 1 mark MCQs
25 × 2 mark MCQs
5 × 6 mark MTQs
F5 5 × 20 mark written questions 20 × 2 mark MCQs
5 × 10-15 mark written questions
20 × 2 mark MCQs
5 × 10-15 mark written questions
F6 5 × 15-30 mark written questions
(1 × 30, 1 × 25, 3 × 15)
Being trialed Dec 2013 TBC post trialing analysis
F7 5 × 10-25 mark written questions
(3 × 25, 1 × 15, 1 × 10)
20 × 2 mark MCQs
3 × 15-30 mark written questions
20 × 2 mark MCQs
3 × 15-30 mark written questions
F8 5 × 10-30 mark written questions
(1 × 30, 1 × 10, 3 × 20)
10 × 2 mark MCQs
6 × 10-20 mark written questions
8 × 2 marks MCQs
4 × 1 mark MCQs
6 × 10-20 mark written questions
F9 4 × 25 mark written questions 20 × 2 mark MCQs
5 × 10-15 mark written questions
20 × 2 mark MCQs
5 × 10-15 mark written questions


  • ∗ F6 exam format is not changing until June 2015 hence being trialed in December 2013
  • ∗∗ MTQs are multiple task questions and contain a series of tasks for the student to complete which relate to one or more scenarios. Students are required to prepare brief answers to the requirements
  • ∗∗∗ MCQs are multiple choice questions where the student is required to select the correct option from a list of options. MCQs are one of a number of objective test questions. Objective test questions can be automatically marked and hence are capable of discrete responses

Fee Structure 

CFA Program applicants pay an initial one-time enrolment fee. In addition, applicants are required to pay an examination registration fee.
Returning candidates pay only the examination registration fee.

All fees are in U.S. dollars.
CFA (USA) offers three options for the CFA Program curriculum: eBook only, print only, or both.

Item By 22-Sep By 16-Feb By 16-Mar
Program Enrolment (new Level I only) $405 $405 $490
Examination Registration $630 $720 $970
Curriculum eBook version Save $40 Save $40 Save $40
Total $995 $1,085‡ $1,420
December 2014 Examination (Level-I only)
All fees are in U.S. dollars.
CFA (USA) offers three options for the CFA Program curriculum: eBook only, print only, or both.
Item By 13-Mar By 24-Aug By 14-Sep
Program Enrolment (new Level I only) Deadline passed $440 $440
Exam Registration Deadline passed $800 $1,170
Curriculum eBook version included in fee included in fee included in fee
Total - $1,240 $1,610

"What to know about exam fees? Click here"

Exam Entry

Once you have become an ACCA student and have started studying, the next step will be to register for your exams. Or if you have already decided when you want to start taking examinations, you can enter for them at the same time as you apply online to become a student. Entering for examinations online is quick and convenient. You will receive instant confirmation that you have been entered for the examinations, saving you valuable time to do more important things - like studying for them! Please note the following: If you're still not sure entering for an examination online is the way to go and you complete the paper-based exam entry form, this must be received at ACCA's examinations department in the UK by the specified standard closing dates above. Please remember to allow time for postal delivery.

Important Dates of Different Months

The closing dates for early, standard and late examinations entry are easy to remember - 8 is the date.

Important Dates 

June 2014 Examination Schedule (Levels I, II, and III)
Mid-July June 2014 examination Registration Opens
Upon Registration Sample examinations become available at time of registration
25-Sep-13 First fee schedule/ deadline to enroll and register for the June 2011 exam
November 2013 Topic-based practice test and mock examinations become available
3-Feb-14 Awareness scholarship application deadline
12-Feb-14 Second deadline to enroll and register for the June examination
13-Mar-14 Final deadline to enroll and register for the June 2014 examination
24-Mar-14 Final deadline for disability and religious alternate date accommodations requests to be received by CFA Institute
14 April 2014 Test center change request deadline (login required)
Early May 2014 Examination admission tickets available online
7 June 2014 Examination days
June–July 2014 Examinations graded
July–August 2014 Examination results available
December 2014 Examination Schedule (Level-I only)
Mid-January December 2011 examination Registration Opens
Upon Registration Sample examinations become available at time of registration
13-Mar-14 First deadline to enroll and register for the December examination
March 2014 Practice tests and mock examination available
20-Aug-14 Second deadline to enroll and register for the December 2011 examination
17-Sep-14 Final fee schedule deadline to register for the December examination
23-Sep-14 The final deadline for disability and religious alternate date accommodation requests to be received by CFA Institute
13-Oct-14 Test center change request deadline
November 2014 Examination admission tickets available online
6-December 2014 Examination day
December 2014–January 2015 Examinations graded
Jan-15 Examination results available


Practical Experience Requirement

Becoming a CFA charter holder is not simply a matter of passing the examinations. In order to earn the CFA charter you are also required to be a regular member of CFA institute. Four years of relevant work experience is required for regular membership (summer, part-time and internship positions do not qualify).

Financial Assistance

  • The financial assistance approved will be applicable for the current session only. If a student wishes to apply for the next session, a new application along with the new enclosure will be required and complete procedure to be followed.
  • Students who are transferring from CAT/ FIA, CA/ CMA or CIMA will be required to fill a new application along with the required enclosures
  • The financial assistance approved in the previous qualification will not be carried forward. The new application will be assessed again


  • The form should be submitted to Manager Coordination
  • Students will be interviewed by Manager Coordination
  • Based on the interview, the recommendation is made to the Principal for Financial Assistance
  • Principal approves the Financial Assistance as per policies of the institute and keeping in view the budget of donations- allocated
  • All applications will be processed within one week of submission


Sr. No. Qualification Marks Obtained Scholarships (%age of Tuition Fee)
1 A-Levels Position holder 100%
6 or more A's 50%
2 A's 40%
1A + 1B 25%
2 B.A/ B.Sc Position holder 100%
65% or above 50%
60% - 64% 40%
3 B.Com Position holder 100%
70% or above 50%
65% - 69% 40%
60% - 64% 25%
4 M.Com Position holder 100%
70% or above 50%
65% - 69% 40%
5 Students domiciled and resident outside Lahore 20%
6 Hafiz-e-Quran 20%
7 Orphans 20%


Paper Name Qualification Teaching Experience Email
CFA Kamran Rashid CFA, ACA 16
Mr. Kamran Rashid is assisted by a team of associates


Mr. Kamran Rashid is assisted by a team of associates.
All associates have passed all examinations of CFA Program. These team members help them in conducting practice and review sessions, monitoring students’ progress, developing educational material and mentoring students. They are also a key in holding tutorial sessions and providing out of class support to students.

Admission Rules

  1. The fee is non-refundable, non-transferable
  2. 50% fee is charged where a student decides to retake classes in the event of a failure in the examination.

CFA Fees & Courses In Lahore Pakistan

CFA or Chartered Financial Analyst is a degree program which has become the most renowned and valued designation for investment analysis. This is a recognized global qualification which is specifically designed for professionals who are planning to pursue their careers in financial markets, investment banking, treasury, corporate finance, investment performance and risk evaluation, risk management, financial planning, investment analysis, and client relations. This program is formulated in such a way that it covers all the main concepts and knowledge which the students and professionals can use in all stages of their profession in understanding the academic theories, current industry trends, ethical and professional standards and to evaluate the advance investment analysis and real-life case administration. When the CFA professionals seek their jobs in the corporate and business sphere, the employers evaluate the CFA program as a steadfast way to distinguish the most competent job aspirants. Because the CFA program is trusted all around the globe as it provides the skills needed to be successful.

In order to get enrolled in the CFA program one should have the following requirements;
Should have four years bachelor’s degree or equivalent
can be in final year of bachelor’s degree program
Should have four years of professional experience
Should have a combination of experience at university and in professional life which sums up to four years.

CFA is considered a postgraduate degree which is equivalent to the master’s degree in the US whereas, UK’s National Recognition Information Centre (UK NARIC) has declared the CFA Program as equivalent to UK’s Master’s degree in finance.

CFA fees have been a big concern for all the students who want to pursue their future in the field of investment analysis. It's not a big deal for professionals may be, but students who have just completed their bachelor’s degree and want to make an entry in finance and investment world are mostly scare away by the CFA fees. There is a big number of colleges and institutions that offer CFA as a professional degree, but students mostly want a survey of all the colleges and universities together to understand the fee structure and so that they may avail the chance of being a chartered professional at the minimum fees offered by any institute for CFA. To narrow the students' research, the CFA fee all in grand total has been listed below.

Primarily, the CFA fees have been divided into two main categories; program enrollment fees and exam registration fees. The CFA fees structure is simple and meek. You must pay one-time program enrollment fees which is 450 USD and exam registration fee each time you register for an exam. But CFA fees for exam registration is further divided into 3 groups according to the time of registration. For early Exam registration, the CFA fees are 650 USD. Whereas for standard exam registration the CFA fees become 960 USD and for late registration, it is 1380 USD. Thus, for CFA fees it is the later you register, the more you pay.

While the CFA fees are being enlightened, it is better to make three case scenarios for it to make the understanding of aspirants easier. According to these three case scenarios, the CFA fees range from 2400 USD to 10110 USD.

 In the best case scenario, the student has registered the exam before the early fee deadline and there are no exam resits (You take CFA Course 3 times and pass all)
However, in the standard case scenario, the exam is registered before standard fee deadline and there are two exam resits (you take CFA exam 5 times)
While in the worst case scenario, four exam resits ( CFA exam is taken 7 times) and exam registration fees before the late deadline.

These are the fees for registrations of CFA exams and enrollment. However, the student also must pay the tuition fees to the Institute he is getting coaching from and that differs from institute to institute. There are one more CFA fees which are not included here because that is CFA membership fee (regular) which is 275 USD per year. But it's not included here because it’s not obligatory for every student to sign in for membership.

The CFA contract is an all-inclusive perceived monetary assignment that fills in as identification of learning, responsibility, steadiness, aptitude, and diligent work. Winning your CFA sanction sets you up well for development in your vocation as a back proficient. Be that as it may, precisely what sort of a fund profession would you be able to get as a Chartered Financial Analyst?

CFA Institute led a study of all contract holders to decide their most regularly held activity capacities. In light of their discoveries, we've nitty gritty the most widely recognized activity elements of CFA contract holders beneath to give you a reasonable picture of what kind of profession you could seek after in the event that you acquire the CFA sanction.

Chartered Financial Analyst (CFA) accreditation would one say one is of the most looked for after expert certification in the finance however is the qualification justified, despite all the trouble? CFA accreditation is offered to fund experts who insist their capability in the finance and qualifies the CFA Exam by the CFA Institute. According to the CFA Institute report, 49,380 applicants picked the CFA Exam toward the finish of a year ago. This number builds up the developing interest of CFA as an accreditation.

The accompanying abilities are esteemed by businesses and can be recognized by the CFA course of study. An understudy needs to pass three tests previously acquiring the CFA contract. Albeit every one of the three tests centers around various parts of the course, the fundamental subjects are shown by the CFA Candidate Body of Knowledge (CBOK), as pursues:

Moral and Professional Standards

Quantitative Methods

Financial matters

Money related Reporting and Analysis

Corporate Finance

Value Investments

Settled Income


Elective Investments

Portfolio Management and Wealth Planning

Driving all occupation titles, 22% of CFA sanction holders are utilized as portfolio chiefs. Portfolio chiefs are responsible for a reserve or gathering of assets. They go through their days working with investigators, specialists, and customers to remain current on the business sectors and business news. They settle on choices to purchase and move resources for the duration of the day as the business sectors vary. An incredible portfolio administrator can see past the surface and settle on educated choices for their customers dependent on master knowledge and experience.

Finance is a field substantial crosswise over ventures around the world. In the midst of the huge skyline of back the world over, financial exchanges happen at each minute and fund being one of the bases for each business, overseeing it to the best is an objective and need for each element. This builds the interest for back experts in a real situation. Back experts take up different courses, for example, CA, CFA, and FRM, etc. so as to upgrade their esteem and extension in reality. A qualification exhibits an expert's commitment to experiencing a thorough test and qualifying with a confirmation having demonstrated skill in individual zones. Additionally, CFA confirmation grandstands an expert's aptitude in the job of a monetary investigator. Also, the CFA test is an intense test to qualify. One needs to accomplish at least 45% in every one of the papers of CFA test and accomplish 55% total so as to qualify as a CFA affirmed proficient and furthermore there are just two papers for the possibility to demonstrate their aptitude. This shows the force of the test and hence expands its incentive as an accreditation.

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