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CFA from ICFAI (India) Vs CFA from CFAI (US)

 

Below are some important facts :

(a) The Institute of Chartered Financial Analysts of India (ICFAI) was established in 1984 as a non-profit society, with the objective of providing training in finance and management. It offers a certification program for financial analysts known as CFA (originally Certified Financial Analyst, later becoming Chartered Financial Analyst).

(b) Now, ICFAI is in NO way affiliated with the CFA Institute nor other awards, such as CA or ICWA and both the institutes have broken their partnerships and running their courses separately.

(c) The Indian Trademark registry recognizes ICFAI’s right to use the CFA trademark and does not recognise the CFA Institute’s sole right to use the CFA trademark.

(d) Indian CFA Course Curriculum: This course is designed for the Indian financial system and is therefore offers more localised than the CFA Institute’s (USA) program. ICFAI is a Private Institute and Indian CFAs need not be employed mandatorily by Indian companies. The Indian CFA Program focuses on Financial Analysis as applicable to Investment Management. The CFA Program offered by ICFAI has been developed and is consistently reviewed in the context of the present and future needs of the corporate sector, the investment industry and the financial services sector in India.

History of Trademark Dispute between CFAI and ICFAI :

The CFA program was first delivered through AIMR in the USA and later in India with the partnership of the then Institute of Certified Financial Analysts.

The ICFA and AIMR came together in 1990 to have a common uniform curriculum and bring all the societies under one umbrella. ICFAI had brought out its academic curriculum to suit Indian finance professionals, though it had global content. ICFAI wanted to function independently and had established working relationships with the European Federation of Financial Analysts (EFFAS) and the ASAF (Asian Securities Analysts Federation) with regard to development of the Profession of Security Analysts and its course content. ICFAI also wanted to bring its CFA as an Indian Statutory Charter. All this led to the dispute with AIMR, the parent body of CFA Institute which wanted a uniform curriculum or body of Knowledge through out the world for CFA program whereas ICFAI wanted changes in CFA charter to suit Indian regulations as finance professional used to work in an extremely regulated capital markets. AIMR eventually broke its working relationship with ICFAI and CCFA.

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This entry was posted on Sunday, February 7th, 2010 at 10:28 am and is filed under Chartered Financial Analyst (CFA). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  • Cyrus

    but u’ve not highlighted which course is preferablen

  • Cyrus

    but u’ve not highlighted which course is preferable

    • http://kidakaka.com/blog Prasad

      Cyrus, the course provided by CFA Institute is highly preferable over the Indian CFA

    • Dhaval joshi

      CFPCM IS THE BEST COURSE IN THE FIELD OF FINANCIAL PLANNING , AND IT IS VALID ACROSS 36 COUNTRIES IT IN THE WORLD . (CERTIFIED FINANCIAL PLANNER)  IT IS GOVERNED BY FPSB INDIA ( FINANCIAL PLANNING STANDARD BOARD OF INDIA. WHICH IS IN MUMBAI . FOR MORE DETAILS LOG ON TO http://WWW.STRATAGEMGROUP.IN AND http://WWW.FPSBINDIA.ORG

      • http://twitter.com/edupristine Pristine

        Hi Dhaval, I agree with you, CFP is a good course for Financial Planning, however, the target audiences for CFP is different from CFA.

  • http://www.facebook.com/amrinder45 Amrinder Singh

    Can you please Aloborate if it is advisable to take up the Indian CFA from the ICFAI Institute?

  • http://www.facebook.com/amrinder45 Amrinder Singh

    Can you please Aloborate if it is advisable to take up the Indian CFA from the ICFAI Institute?

    • http://kidakaka.com/blog Prasad

      Amrinder, my personal experience has been bad with the Indian CFA. A friend had signed up for the Indian CFA, not only was he told to learn the syllabus by himself, but also the Indian CFA just ended being a test and had no value-add to his resume. Its a waste of money.

      • Ab_patel43

        r u saying that cfa from icfai is waste of money ? what is your personal experience share with me???

        • http://kidakaka.com/blog Prasad

          My personal experience has been that a friend of mine had signed with ICFAI. He was told that the training is no longer conducted at his center, and to start finding a different coaching center who would train him for the exam.

          Recently, I came to know that the ICFAI CFA has been renamed to MIFA. Also, the CFA Institute in USA has put a copyright violation law suit against ICFAI as well.

          • Adarsh rajawat

            sir my email id is 
            adarsh_scorpio1 @yahoo.com   i dnt knw much abt cfa course( usa) plz guid me through with relevant material. waiting for ur positve response

          • http://kidakaka.com/blog Prasad

            Hi Adarsh, one of our advisors will be contacting you!

    • Thakkargopal

      I think AIMR CFA is much better in terms of curriculam then ICFAI CFA

  • http://kidakaka.com/blog Prasad

    Cyrus, the course provided by CFA Institute is highly preferable over the Indian CFA

  • http://kidakaka.com/blog Prasad

    Amrinder, my personal experience has been bad with the Indian CFA. A friend had signed up for the Indian CFA, not only was he told to learn the syllabus by himself, but also the Indian CFA just ended being a test and had no value-add to his resume. Its a waste of money.

  • Ab_patel43

    r u saying that cfa from icfai is waste of money ? what is your personal experience share with me???

  • http://kidakaka.com/blog Prasad

    My personal experience has been that a friend of mine had signed with ICFAI. He was told that the training is no longer conducted at his center, and to start finding a different coaching center who would train him for the exam. nnRecently, I came to know that the ICFAI CFA has been renamed to MIFA. Also, the CFA Institute in USA has put a copyright violation law suit against ICFAI as well.

    • Abhinav

      Yes you have heard it right, ICFAI is fraud…

  • Raul

    CFA from ICFAI University is well recognized in the Industry and you can find CFAs working in various organizations in good position. Doing CFA from ICFAI University is cost effective and itu2019s totally relevant to our market needs. Operationally also, doing CFA from ICFAI University is more convenient. Syllabus of ICFAI University is very rigorous and after completing all the papers, students learn various aspects of finance in greater details with real life cases. I personally feel that, ICFAI University CFAs acquire high level of knowledge/analytical skills that leads to a successful career in Finance.

  • Raul

    CFA from ICFAI University is well recognized in the Industry and you can find CFAs working in various organizations in good position. Doing CFA from ICFAI University is cost effective and it’s totally relevant to our market needs. Operationally also, doing CFA from ICFAI University is more convenient. Syllabus of ICFAI University is very rigorous and after completing all the papers, students learn various aspects of finance in greater details with real life cases. I personally feel that, ICFAI University CFAs acquire high level of knowledge/analytical skills that leads to a successful career in Finance.

  • Dhaval joshi

    CFPCM IS THE BEST COURSE IN THE FIELD OF FINANCIAL PLANNING , AND IT IS VALID ACROSS 36 COUNTRIES IT IN THE WORLD . (CERTIFIED FINANCIAL PLANNER) u00a0IT IS GOVERNED BY FPSB INDIA ( FINANCIAL PLANNING STANDARD BOARD OF INDIA. WHICH IS IN MUMBAI . FOR MORE DETAILS LOG ON TO http://WWW.STRATAGEMGROUP.IN AND http://WWW.FPSBINDIA.ORG

  • http://twitter.com/edupristine Pristine Careers

    Hi Dhaval, I agree with you, CFP is a good course for Financial Planning, however, the target audiences for CFP is different from CFA.

  • Thakkargopal

    I think AIMR CFA is much better in terms of curriculam then ICFAI CFA nn

  • Adarsh rajawat

    sir my email id isu00a0nadarsh_scorpio1 @yahoo.com u00a0 i dnt knw much abt cfa course( usa) plz guid me through with relevant material. waiting for ur positve responsen

  • http://kidakaka.com/blog Prasad

    Hi Adarsh, one of our advisors will be contacting you!

  • Nehasharma

    Hi 
    I dont know much about CFA course from ICFAI university.. Can you please tell me if i do this course what position i can get in organization and what would be the starting payment? To join this course work experiance is necessary? I just completed my MBA(Finance) and i want to do CFA course please guide me… I hope to hear you soon. :)
    MY Email id nehasharma.sharma967@gmail.com

  • stuti

    can i opt for mifa from icfai or mba distance learning?? and if mba distance learning then which college.. emial me on stutidhaundiyal@gmail.com. please.. asap..

  • Bibek mishra

     I am bibek, iwant to enhance my career in finance n join course cfa which cfa i prefer plz suggest me?

    • http://twitter.com/edupristine Pristine

       Hi Bibek,

      You need to join the CFA course by AIMR (CFA USA). Please provide us with your contact details or contact us at +91 80800 05533

  • Gaurav

    Hi myself Gaurav,
    I just hear about cfa course. I am a graduate and I want more knowledge about the course.I want to build my career in finance.Plz Help me……

  • Guddu Iqbalahmed

    hi,
    myself iquawal ahamad. i have done MBA(finance) from IIPM NEWDELHI. I wanna admission in CFA course. Pls suggest wt is diffrence between an  INDIA CFA N USA CFA COURSE.
    Thanks.

    • http://twitter.com/edupristine Pristine

      Iquawal,

      Please go through this post, and if it was not clear enough. The USA CFA Course (AIMR one) is acclaimed across the world, whereas the Indian CFA has some acclaim in the country.

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