The College of Business Management offers The CFA® Advantage to students seeking Finance majors in their MBA program. The
globally acknowledged Chartered Financial Analyst program is administered by US based Association for Investment Management and Research (AIMR).
The CFA Track of CBM delivers higher quality to the business management program, by adopting the entire curriculum of the CFA program’s Level I and Level II examinations. Secondly, the MBA (Finance majors) graduates of CBM, who have successfully completed the CFA Track’s elective courses, would be well equipped to pass the CFA Level I and II exams, if they wish to do so.
There are thousands of CFA charter holders the world over, including from Pakistan. Every year, more than 65,000 candidates the world over write CFA Level I, II or III exams, including more than 600 each year, from Pakistan. All these exams are conducted by AIMR of USA once a year in the first week of June, at over 75 locations the world over simultaneously, including Karachi and Lahore.
The CFA Track of CBM offers 4 finance electives structured around the CFA Level I and II exam curriculum. These are all sequential courses and the various textbooks from which reading material of these courses belong, are the same as prescribed by the AIMR. The descriptions of these 4 finance elective courses are as follows:
1. Foundations of Financial Analysis:
This is the first course that is based on CFA Level I exam curriculum. Starting from Ethical and Professional Standards and then quantitative methods, the course takes students through macro and microeconomics framework. Major part of the course familiarizes students with the concepts of Financial Statement Analysis, Corporate Finance, various types and markets of financial assets including alternative investments and portfolio management.
2. Fundamentals of Asset Valuation and Portfolio Management:
This is the second course based on CFA Level I curriculum, with the first course “Foundations of
Financial Analysis” serving as the pre-requisite. The contents of “Fundamentals of Asset Valuation and Portfolio Management” cover topics like corporate investing and
financing decisions; financial markets and instruments; equity, debt, derivative and alternative investments, capital market theory and operations.
3. Advance Financial Analysis:
First 2 courses of the CFA Track serve as pre-requisites for this course “Advance Financial Analysis”. This is the first course that is based on CFA Level II exam curriculum, and also starts from Ethical and professional standards, quantitative methods for valuation and economic evaluation. The major part of this course is however, the advance concepts of financial statement analysis, including inter-corporate investments and business combinations, global issues, special topics and
considerations in financial statement analysis.
4. Advance Asset Valuation and Portfolio Management:
The first 3 courses of the CFA Track serve as pre-requisites for this course “Advance Asset Valuation and Portfolio
Management”. This is the second course that is based on CFA Level II exam curriculum. It exposes the students to the topics like industry and company analysis; valuation models; special valuation cases, valuation perspectives and applications in equity investments; credit analysis, valuation issues, structured securities and trading strategies of debt investments, futures, swaps and options, alternative investments, capital markets and asset pricing models and practices.
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