CFA in pact with Sebi for educational programme

US-based US-based Chartered Financial Analyst (CFA) Institute today said it has tied up with Securities and Exchange Board of India (Sebi) to facilitate the employees of the market regulator to join the CFA Program.

Under the agreement, the institute will encourage Sebi employees to register for the Level I exam of the CFA Program, considered to be most rigorous, a release said.

CFA Institute President and CEO John Rogers and Sebi Chairman C B Bhave have signed an agreement to this effect.

"This agreement with CFA Institute will contribute to our efforts in achieving the goal of providing our employees with the tools and education they need to carry out their job," Bhave said.

To earn the CFA charter, candidates must sequentially pass three six-hour exams and should have at least four years of work experience in the investment profession, the release said.

On an average, successful candidates take four years to complete the self-study program and exams to earn the CFA charter.

During FY09, a total of 2,00,000 candidates were registered for CFA exams worldwide, including over 14,000 from India.