Qualification

Qualification Criteria

Only candidates who are Graduates from a Recognized University and having the following additional Educational Qualifications or equivalent would be eligible under the Challenge Status Program:

S.No. Name of the Qualification

  1. Chartered Accountant (CA) / Intermediate level from Institute of Chartered Accountants of India (ICAI)
  2. Chartered Financial Analyst (CFA) from CFA Institute, USA
  3. Cost Accountant (ICWA) from the Institute of Cost and Works Accountants of India (ICWAI)
  4. Certified Associate of Indian Institute of Bankers (CAIIB)
  5. PhD./ M.Phil in Economics, Econometrics, Statistics, Commerce, Mathematics, Finance, Management, Financial Planning/ Advising, Investment (or any other similar discipline)
  6. Post Graduate1 in Economics, Econometrics, Statistics, Commerce, Mathematics, Finance, Management2, Financial Planning/ Advising, Investment (or any other similar discipline)
  7. LLB (Law) or equivalent
  8. Licentiate/Associate/ Fellowship of Life Insurance from Insurance Institute of India
  9. Actuary from Institute of Actuaries of India
  10. Civil Service Examinations by Union Public Service Commission (UPSC)3
  11. Company Secretary from Institute of Company Secretaries of India.
  12. Fellow, Financial Services Institute (FFSI) / Fellow, Life Management Institute (FLMI)from LOMA

1. Candidates with Post Graduation in Management (other than Finance) qualifications need to have compulsory SEBI/ IRDA mandated Certification as well.

2. Post Graduation qualification implies at least two years’ of full time education in an education institution: Alternatively equivalence as recognized by appropriate statutory authority viz. UGC/AICTE etc. as Post Graduation qualification (deemed) may also be considered.

3. Candidates having cleared the Civil Service Examinations (Mains) conducted by Union Public Service Commission (UPSC) in the prescribed subjects viz. Commerce, Engineering, Economics, Law, Mathematics, Management, Physics and Statistics and having at least 3 years work experience OR candidates having cleared the Services Examinations conducted by Union Public Service Commission (UPSC) and having at least 3 years work experience in Accounts, Finance and related Departments shall also be eligible to appear for the Challenge Status Program.

PGDFA from IIBF: FPSB India has entered into a Memorandum of Understanding with Indian Institute of Banking and Finance (IIBF) allowing the candidates who have successfully cleared IIBF’s Post Graduate Diploma in Financial Advising (PGDFA) to attain CFPCM Certification through the Challenge Status Program.