About India

The Institute of Chartered Financial Analysts of India was established in 1984 as a non-profit society, with the objective of providing training in finance and management. The ICFAI University refers to the Universities sponsored by the Institute of Chartered Financial Analysts of India in Uttarakhand, Tripura, Sikkim, Meghalaya, Mizoram, Nagaland, and Jharkhand under respective legislations. The Governments of Rajasthan, Chhattisgarh and Punjab issued letters of intent to the Institute for the establishment of Universities. Each University is a separate and independent legal entity. Consequently, the University confers degrees at Bachelor’s, Master’s and Doctoral levels on eligible students subject to the University Regulations.

The University Grants Commission has included all the Universities mentioned above in the list of Universities maintained under Section 2(f) of the UGC Act, 1956.However in the list of Universities/Institutions approved by Distance Education Council (As of 01/02/2010), only ICFAI University, Dehradun has been included. ICFAI is not affiliated with the CFA Institute and both the institutes have broken their partnership and are running their courses separately.

ICFAI, having been embroiled in a long legal battle with the CFA Institute, focused its energy on developing private universities, some of which have AICTE recognition along with UGC recognition. ICFAI has focused all its energies away from developing its CFA charter like giving it statutory recognition increasing its status as a high status profession like that of CA from ICAI, which was announced by the governing member NJ Yeshasway who vowed to take up the CFA Charter a notch above the legendary CA exam considered to be the toughest in the realm of finance, but instead has opened a host of non-CFA programs like MBA, ICFAI Business Schools (IBS), PG Programs which have scaled up into national top 10 place in India. It has also opened schools for under graduate programs and offering degrees. Indian CFAs pass with a stringent eligibility to qualify as CFAs but have only a niche finance sector as the job market unlike CA which has traditional roles of Auditing and taxation along with statutory roles. CFAs work in investment related and finance fields where MBAs (some from ICFAI itself), CAs, Master’s Degree holders of Statistics, Economics, Doctorates etc. hold top posts.

ICFAI though has safeguarded its CFA charter in India with valid state legislature under IUT Tripura Act, but CFA charter holders are not mandatorily employable and currently don’t perform any statutory duty unlike CAs, CSs, CWAs, though CCFA tried to accomplish this in investment related areas in India by submitting a draft bill to the ministry of finance for consideration which was rejected due to various legal disputes that ICFAI faces.

ICFAI is also creating a window for students of CFA program to undergo 2 months internship with its in-house concerns to impart rigorous analytical skills. Exemption for MBAs will be stopped from the current academic year. Also, ICFAI is drafting a continuing professional development module which will be compulsory for all the current CFAs. This program will enable the current CFAs to enhance their knowledge in their respective areas and will include relevant statutes changes, paradigm shift in capital markets and allied subject matter. ICFAI hopes to regain the old status of its CFA program through continuously evolving methods, the most recent is focusing on the core aspects of investment management and financial analysis in its MFA degree(current CFA syllabus) and increasing CFA charter membership by giving official charters to students who have cleared the core subjects of investment management and financial analysis of the previous(CFA curriculum) MS Finance program.

With the growth of the Corporate Sector particularly after Privatization, Liberalization, Globalization policies of the Government, business houses are becoming more professional. Company Secretaries have emerged as indispensable adjuncts to the corporate establishments. A cadre of practicing Company Secretaries has also been nurtured and developed to render effective secretarial, legal and management assistance to the small and medium sized companies and other business establishments which are not required to appoint mandatorily whole-time company secretaries.

The Company Secretaries (C.S.) have emerged as indispensable adjunctments, to the Indian Corporate Sector due to their thorough knowledge base in areas such as corporate laws, capital market operations, stock exchange and trading etc. They have contributed significantly to the growth of Indian Corporate Sector by rendering effective secretarial, legal and management assistance to the small, medium sized companies and other business establishments.

The liberalization of Indian economy has brought about a sea change in the role and profile of a Company Secretary. The job of a Company Secretary involves diverse responsibilities. The company secretary’s role has assumed significance in the present situation as, in the liberalized economy; the thrust is on self-regulation and self-discipline in which the concept of management by exception plays a pivotal role.

Company Secretaries are also seen as corporate development planners who explore expansion opportunities such as arranging various collaborations, amalgamations, mergers, acquisitions, takeovers, setting up of subsidiaries and joint ventures within and outside India. The capital market has witnessed a rapid growth and this has opened new vistas for company secretaries. The Position In fact, many company secretaries are already holding key positions in the capital markets and financial service industries. “A Company Secretary is in fact better equipped than a person holding an MBA (Finance) in accountancy and documentation in financial services. The role of a company secretary becomes more pertinent as the corporate houses are laying emphasis on investor relations and setting up investor grievance Cells.

Almost every kind of organization, whose affairs are conducted by boards, councils and other corporate structures, whether it is a trust, society or a co-operative society, association, federation, authority, commission, board or the like find it useful to appoint company secretary. A qualified CS has access to openings in the private and public sector, financial institutions, stock exchanges & the Central/State Government. Company Secretaries are the only interface between management and the investing public that is what makes them important in the corporate hierarchy. A company secretary’s expertise in handling three areas management, accounting and law makes him the right choice for a place on the Board of Directors. He is to accompany what a Secretary to the Government of India, is to a Ministry

Every age has its specialities. If we take a look on the human history we will come to know that the world has been changed a lot and the same case is with its ways. Only a few means of living were there for the people to make their living in ancient times. Man learned a lot from the nature and invented many things for human use. Farming was the biggest industry till the 19th century but the world changed radically with the advent of industrialisation age.

It generated lots of work for the people in a number of factories and mills and utilised the man power in broader sense.
But now, In this modern age of microsciense, there is no need for man power in a large bulk as the machines are automatic & computerised. These machines can produce a large amount of products in a day with only a couple of workers handling the machine. Computer is the main key behind this comfort in mass production. But every coin has two aspects. This computerisation of industries caused unemployment for millions of workers all round the globe. Besides, there are many other people who can not work out of their home for many reasons. For all those enemployed persons working from home opportunities are like a boon.
Make Money Working From Home – This Work-From-Home concept is largely based on online working. Typical work atmosphere does not suit everyone. There are many people who hates the traditional 9 to 5 jobs and finds themselves unable to work with time bondings. Reporting the officials daily and displeasing remarks for the late work annoys millions of working people. For all those kind of people this concept is really a god’s help.

Benifits of work from home business / jobs – It may be the best thing for those people who like working on specific timings according to their mood. Some prefer working in morning, some in evening and there are others who work for two hours in morning, two hours evening or something similar. This flexibility improves your workability, relaxes your mind and eventually results in better results. As there are no time restrictions, one can even work more than an office-going working person and earn more than he used to earn previously in an typical office job.
Parents of a new-born child are the best beneficiary of this opportunity as they can now settle their work timings according to their baby.

There is a dearth of skilled labour in India while the job scenario is not up to the requirement. Demand does not meet supply here. Infact in the villages there are very few jobs in private and the public sectors. So more and more young individuals migrate to towns and metropolitans to find a job.

Hence Mumbai city is over populated, the density is an average of 6 people in every square feet. But this does not de-motivate people and the influx is getting detrimental.

In India you can get a job in any segment or even in a speciality field. This is because of the development in science and research. So be it the space station, aeronautics, naval or business to business there is a job for every field. The India job search begins with what you have in mind for your career. You must be sure of the field you want to enter and then begin your search. Start by applying to consultants, job recruiters etc. they are everywhere.

Once you spread your bio-data across a few recruiting consultancies be prepared for an interview. Now if you are a fresher then your salary is not very attractive, unless you are academically qualified for the job. But once you begin there is no looking back. Job salaries in India have gone to jaw dropping extents. CEOs of private companies are knows to earn crores annually. So your limit is endless.

In the past decades there were only a few careers everybody took up. Doctor, engineer, steno and secretarial. Today there are thousands of careers that you can choose. One of the burgeoning careers in India is chartered accountancy. If you a CA your scope is tremendous. Alternatively there are many vocational careers like pot making, drawing, dancing that is coming to light. And yes you can make a living out of it and earn your daily bread.

Even universities offer courses that were never heard of before. Short workshops are arranged so students get professional updates of what is happening in their field. Hone their skills and move to the next level. Opportunities in India are huge; you only have to be prepared with experience and education to strike big.