C HARTERED

F INANCIAL
A N A LY S T ®

Chartered Financial Analyst®, CFA® are trademarks owned by or licensed to CFA Institute and not related to IMS Proschool in any way. The CFA Institute does
not endorse, promote or warrant the accuracy or quality of the products and services of IMS Proschool.
 ®
What is Chartered Financial Analyst (CFA )?

A professional designation given by the CFA® Institute, USA (formerly

known as the Association for Investment Management and Research -
AIMR) that measures the competence and integrity of financial analysts.
Candidates are required to pass three levels of exams covering areas such as
accounting, economics, ethics, money management and security analysis.

CFA® is a graduate-level program offered by CFA® institute, USA.

The candidate is required to study for and pass three levels exams in a sequential order
®
and meet other requirements to become the CFA charter.

®
Why CFA ?

®
A CFA certificate is one of the highest awards conferred in the investment industry. It is an internationally
recognized designation. Chartered Financial Analysts work for investment banks, mutual fund firms,
®
hedge funds, brokerage houses, boutique money managers. The CFA designation represents the
definitive mark of a competent financial analyst bound to the highest standards of ethical behavior. There
are approximately 100000 charter holders world wide.

Who should do CFA®?

If you're interested in portfolio management, investment

research, advisory services, or investment banking, then
®
CFA is an option that you must consider. Employers across
®
the globe know the value of the CFA charter and recognize
the CFA® charter as the standard of professional
excellence. Therefore, CFA® gives you the edge and the
advantage in the global employment market.

®
Who hires CFA charterholders?
Investment Companies/Mutual Funds 25%
Broker-Dealer/Investment Banks 16%
Banks 7%
Private Client Wealth Manager/Advisor 11%
Hedge Funds/Funds of Hedge Funds 6%
Insurance Companies 4%
Pensions and Foundations 2%
Other (Consultancy, Government/Regulators 29%
Academia, Other)

Source https://www.cfainstitute.org/cfaprog/charterholder/program/positions.html
 ®
Average CFA Salary

®
A Chartered Financial Analyst's (CFA ) salary will
obviously vary based upon job type, years of experience,
employer type, and various other factors. The best way to
get a feel for a Chartered Financial Analyst's salary is to
use averages within those broad fields not taking into
account company size, experience, skills, degree, or
location.Using information gathered from payscale.com,
the range of median based upon job type is from $61,209
for a corporate financial analyst to $145,820 for a chief
financial officer. In India the payscales range from Rs. 4
lakhs for a financial analyst to Rs. 8.25 lakhs for senior financial analyst.

How to become a CFA®?

®
Following are the steps for becoming the CFA Charter
1. Meet the eligibility criteria
Meet the Program Entrance
One has to meet any one of the following requirements: Eligibility criteria
Have a bachelor's (or equivalent) degree
OR
Be in the final year of your bachelor's degree program at the time of registration
OR
Have four years of qualified, professional work experience
OR
Have a combination of work and college experience that totals at least four years (Note: Summer, part-
time, and internship positions do not qualify.)
2. Enroll with IMS Proschool and prepare for the exam
Study for the Program with
IMS Proschool conducts classroom programs to train you for Level I
IMS Proschool
exam. Refer IMS Programs below for more details
®
3. Enroll and Register with the CFA Institute USA
CFA® Program is offered by CFA® Institute, USA. Therefore one has to enroll and register online with
them on their website https://www.cfainstitute.org.
First time candidates are required to pay an enrollment fee along
with the exam registration fee for Level I exam. The enrolment fee Register with CFA® Institute,
is a one time fee, the candidates have to pay only the exam USA
registration fee subsequently.
 ®
Registration with the CFA usually opens about 11 months before each exam. The Level I exam is held in
June and December each year whereas Level II and Level III exams are conducted in June only.
It is recommended that the candidates register for only one exam at a time, and must wait to receive
their exam results before registering for the next exam.
4. Apply for Membership after clearing Level 1 exam
After clearing the Level I exam you have to apply for membership Apply for Membership after
®
to CFA Institute, USA . In case you already have four years of clearing Level 1 exam
acceptable professional work experience you may be considered for
regular membership (required to receive your CFA® charter). If you have less then 48 months of
qualified work experience, you may be considered for affiliate membership.
5. Passing the examinations: You need to pass Level I, Level II and
Level III exams successfully. Pass all 3 Levels of exam
6. Work experience
Fulfill the four year of acceptable work experience criteria as
required by the CFA® institute. You can acquire the required work Fulfill four years of
®
experience while pursuing your CFA program or after completing work experience
all exams. Visit https://www.cfainstitute.org. to know the
acceptable work experience criteria.
7. CFA® Charterholder Membership
®
To qualify as a CFA charterholder member, you must be a regular
Become CFA® Charterholder
®
member and have completed all three levels of the CFA Program.
8. Maintain Your Charterholder Status
® ®
Once you become a CFA charterholder, you must comply with the CFA Institute conditions,
requirements, policies, and procedures for CFA® charterholders and CFA® Institute members.

IMS Proschool Programs

IMS Proschool will be providing training for Level I exam. The classroom program is currently available in
Mumbai and Pune.

® ®
CFA Classroom REGULAR
Six Months
l Program
Online
l Study Material.
Online
l Practice Tests
Program Fees: Rs. 19,500/-
CFA Classroom PLUS
Includes
l training for Financial Modeling
250 hours
l program
Online
l Study Material
Online
l Practice Tests
Program Fees: Rs. 49,500/-
Fee Waivers
IMS Proschool is currently offering fee waivers ONLY to candidates opting for CFA Classroom PLUS
Program.

20% Fee Waiver 40% Fee Waiver

MBAs/
l candidates pursuing MBA For existing and past IMS Proshool
IT professionals
l with two or more than two Financial Planning and Financial
years of work experience Modeling students.

Chartered
l Accountants/ICWAs
Relationship
l Managers with two or more
than two years of work experience.

*Students applying for waivers will have to submit the relevant supporting documents viz mark sheet / work experience letter

Program Content
IMS will be training you for Level I of CFA® exam. The training would be on each of the following areas.
Ethical and Professional standards
l

Investment Tools
l

Quantitative Methods
m

Economics
m

Financial Reporting and Analysis

m

Corporate Finance
m

Asset Classes
l

Equity Investment
m

Fixed Income
m

Derivatives
m

Alternative Investments
m

Portfolio Management and Wealth Planning

l
 Module 1- Investment Tools
Quantitative Methods
Economics
Financial Reporting and Analysis
Time value for money
Discounted Cash Flow Applications
Statistical concepts and Market Return
Probability Concept
Common Probability Distributions
Sampling and Estimations
Hypothesis and testing
Technical Analysis
Elasticity
Efficiency and Equity
Markets in Actions
Organizing Productions
Output and costs
Perfect Combinations
Monopoly
Monopolistic competition and oligopoly
Market for factors of productions
Monitoring jobs and price levels
Aggregate supply and aggregate demand
Money ,Price level and inventory
US Inflation Unemployment and business cycles
Fiscal policy
Monetary Policy
An overview of central banks
Introduction to Financial Statement Analysis
Financial Reporting Mechanics
Financial reporting Standards
Understanding the Income Statement
Understanding the Balance Sheet
Understanding the Cashflow System
Inventories
Long Lived Assets
Income Taxes
Long Term Liabilities
Financial Analysis Techniques
Reporting qualities -Red flags and accounting warning signs
Accounting Shenanigans on the Cash Flow Statement
Financial Statement Analysis
International Standard Convergence
 Capital Budgeting
Cost of Capital
Corporate Finance Working Capital Management
Financial Statement Analysis
The corporate Governance of Listed Companies
Module 2 - Asset Classes
Organizations and functioning of Securities market
Security Market Indexes
Efficient Capital Markets
Equity Investment Market efficiency and Anomalies
An introduction to Security Valuations
Industry Analysis
Company Analysis and Stock Valuations
Introduction to Price Multiples
Features of debt and securities
Risks associated with investing in bonds
Overview of bond sectors and instruments
Understanding yeild spread
Introduction to the valuation of debt securities
Fixed Income and Alternative Investments Yeild measures ,spot rates ,forward rates
Introduction to the measurement of intrest rate risks
Understanding yeild spreads
Alternative investments
Investing in commodities
Derivative markets and instruments
Forward markets and contracts
Derivatives Future markets
Contracts option markets
Swap markets and contract
Risk management applications of option strategies
Module 3 - Portfolio Management and Wealth Planning
The assest allocation decisions
Portfolio Management and Wealth Planning An introduction to portfolio Management
An introduction to Asset pricing models
Module 4 - Ethical and Professional Standards
Code of ethics and professional standards
Ethics Guidance for Standard 1-8
Introduction to global investment performance standards
Global investment performance standards
Financial Modeling Topics

Those opting for CFA Classroom Program PLUS will be taught the following topics in Financial Modeling
in addition to the CFA Modules.

Financial Modeling
1 Introduction to Data Gathering and Financial Modeling
2 Prepare Income Statement (IS)
3 Prepare Balance Sheet (B/S)
4 Prepare YTD Cash Flow Statement (CFS)
5 Prepare Geographic Revenue Sheet (GRS)
6 Prepare Segment Revenue Sheet (SRS)
7 Prepare Cost Statement (CS)
8 Prepare Debt Sheet (DS)
9 Analyze Revenue Drivers (ARD)
10 Forecast Geographic Revenues
11 Forecast Segment Revenues
12 Forecast Cost Statement
13 Forecast Debt
14 Proforma Adjustments
15 Income Statement - Compute Margins
16 Forecast Income Statement - Part A
17 Forecast Income Statement - Part B
18 Balance Sheet -Compute Ratios
19 Forecast Balance Sheet
20 Quarterly CFS and schedules
21 CFS Projection
22 CFS Projection - Part A
23 CFS Projection - Part B
24 Basics Of Valuation
25 Valuation- Discounted Cash Flow Method (DCF)
26 Valuation – Relative Valuation
27 Valuation – Assumptions for Valuation Model
28 Prepare Valuation Model
29 Prepare Valuation Model - Part A
30 Prepare Valuation Model - Part B
31 Prepare Valuation Model - Part C
32 Prepare Presentation Sheet(PS)
33 Prepare Presentation Sheet(PS) -Part A
34 Prepare Company Overview (CO)
35 Prepare Company Overview (CO) - Part A
How to enrol for IMS Proschool Programs?

You can enrol online for the program on www.imsindia.com/proschool OR send the duly filled
Application Form (attached to this prospectus) along with the following documents to IMS Proschool
Centre (Mumbai/Pune) where you would like to attend the program.
i. Two passport size colour photographs.
ii. Self-attested photocopies of the highest qualification till date.
iii. The payment has to be made by Demand Draft. The DD should be drawn in favour of
“IMS Learning Resources Pvt Ltd.” payable in Mumbai.
iv. Those applying for waivers, need to attach the supporting documents for the waiver

Note: IMS Proschool reserves the right to accept or reject any application without assigning any reason thereof.
Note: Incomplete application forms or application forms which are not accompanied with relevant documents will not be processed

About CFA®

CFA® Curriculum
The CFA® program curriculum is determined by the Candidate Body of Knowledge™ (CBOK). The broad
areas along with their weights in each exam is as follows.

Topic Area Level I Level II Level III

Ethical and Professional Standards 15 % 10% 10%
Investment Tools:
Quantitative Methods 12% 5-10% 0%
Economics 10% 5-10% 0
Financial Reporting and Analysis 20% 15-25% 0
Corporate Finance 8% 5-15% 0
TOTAL 50% 30-60% 0
Asset Classes
Equity Investments 10% 20-30% 5-15%
Fixed Income 12% 5-15% 10-20%
Derivatives 5% 5-15% 5-15%
Alternative Investments 3% 5-15% 5-15%
TOTAL 30 30-75 25-65
Portfolio Management and Wealth Planning 5 5-15 45-55

Source:https://www.cfainstitute.org/cfaprog/courseofstudy/topicareaweights.html. Actual exam weights may vary slightly from year to year.
 ®
CFA Examination

Level 1 Level 2 Level 3

When is the test conducted? June and Dec June June

Where is the test conducted? Various locations across the world. In India it is currently being
conducted only in Mumbai.

Type of Test computerized computerized

Type of Questions Multiple choice Mini case lets

followed by
multiple choice
questions

No of Questions 240 360

Total Marks 240 360

Test Duration Six hours – Six hours – Six hours –

(3 hrs morning & (3 hrs morning (3 hrs morning
3 hrs aft) & 3 hrs aft) & 3 hrs aft)

Exam Fee USD 710 + USD 400 USD 710 USD 710
for first time candidates

* The exam registration fee is in USD and subject to change therefore it is recommended that you visit website
https://www.cfainstitute.org/cfaprog/register/fees.html for latest exam fee.

About IMS Proschool

At IMS, our goal for the past 33 years has been simple - Build a long term successful career. IMS Proschool
is an extension of the same mission although the route is different.
Economic growth over the past decade has created new opportunities for graduates & professionals and
IMS Proschool is helping them to tap these opportunities. IMS Proschool's goal is to provide relevant skills
to graduates & professionals in the shortest possible time which will enable them to perform under
challenging business environment.

IMS Proschool Success

Created over 500 Associate Financial Planner's
l

Created over 100 CFP's in short span of 24 months

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Trained over 6000 candidates on Financial Planning and Wealth Management

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More than 2000 candidates who are pursuing Financial Planning Education.
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IMS Proschool Programs

Professional Program in Financial Modeling
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Financial Planning Education

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What makes IMS Proschool Programs unique?
Focused, practical and relevant programs.
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Short duration.
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Online Classroom and Regular Classroom Programs available.

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Range of options to choose from

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Course Content developed with inputs and feedback from industry.

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Programs are delivered by industry practitioners.

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Trainer to the Industry

State Owned Banks – SBI, BOI, SBBJ, IDBI
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Foreign Banks – CITI, Deutsche

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Security Houses –Kotak Securities, ICICI Direct, Motilal Oswal, Tata Securities
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Mutual Fund Companies – Sundaram BNP Paribas, Optimix.

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Insurance Companies – ICICI Prudential

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Institutional Tie- ups

Partner of NISM, an initiative of SEBI (Security Exchange Board of India), to create Financial
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Planning proficiency among students across India.
NSE India for Financial Modeling Certificate program administration.
l

http://imsindia.com/proschool

MUMBAI
IMS Proschool
67, Jayant Building, Jain Hostel Road,
Near Sion circle, Sion - West,
Mumbai - 400022
Email ID : proschoolmumbai@imsindia.com
Tel. No.: 022-65285393/94

PUNE
IMS Proschool
1229/A, Narhari, 1st Floor, Fergusson College Road,
Next to Sagar Arcade, Deccan,
Pune - 411004
Email ID : proschoolpune@imsindia.com
Tel. No.: 020-65004735/36