Comparison

CFA vs CA in India: Official Fees, Exam Stages and Coaching

CFA vs CA in India: CFA exams cost from USD 1,140 each across three levels, while CA registration costs ₹49,000 plus two years of practical training. Coaching is extra for both.

Updated 7 Nov 2026

CFA

Chartered Financial Analyst programme, CFA Institute

Best for: Three long exams spread over several years

vs

CA in India

Chartered Accountant course, ICAI, India

Best for: Sixteen papers alongside practical training

On this page
  1. 01At a glance
  2. 02Which to choose
  3. 03Detailed comparison
  4. 04Introduction
  5. 05Key takeaways
  6. 06What is the difference between CFA and CA in cost, stages and time?
  7. 07What do the official fees add up to for CFA and for CA?
  8. 08Who should choose CFA and who should choose CA?
  9. 09What does coaching cost for CFA and for CA, and in which formats?
  10. 10How do I get a CFA or CA coaching quote I can compare?
  11. 11How do we help you compare CFA and CA coaching providers?
  12. 12How we compared
  13. 13Frequently asked

The short answer

On the official fees that can be totalled, CFA costs more: exam fees of USD 3,520 to 4,570 against ₹49,000 in CA registration. CA needs two years of practical training and separate exam-form fees. Coaching is extra for both and depends on format.

At a glance

Stages

CFA
Level I, II, III
CA in India
Foundation, Intermediate, Final

Exams

CFA
One 4.5-hour exam per level
CA in India
4 + 6 + 6 = 16 papers (our count)

Pass rule

CFA
Set by CFA Institute
CA in India
40% in each paper and 50% in aggregate

Study time

CFA
300 recommended hours per level; three to four years in all
CA in India
Not set as hours

Practical requirement

CFA
4,000 hours of relevant work over at least 36 months, for the charter (the CFA designation)
CA in India
2 years' practical training (articleship), finished six months before the Final exam

Official fee

CFA
From USD 1,140 per exam
CA in India
₹9,000, ₹18,000, ₹22,000 per stage

Billing basis

CFA
US dollars, per exam sitting
CA in India
Rupees, per stage, before you sit a paper

Source: CFA Institute and ICAI pages, Nov 2026

Which should you choose?

Choose CFA if

  • You meet CFA Institute's eligibility rules
  • You can fit 300 recommended study hours per level around other commitments
  • You prefer three 4.5-hour exams spread over several years to sixteen papers
  • You can accumulate 4,000 hours of relevant work over at least 36 months for the charter

Choose CA in India if

  • You can commit to two years of practical training
  • You are comfortable paying ICAI stage by stage in rupees
  • You can carry sixteen papers alongside practical training

CFA vs CA in India, point by point

Exam structure

Question format

CFA
Multiple choice; vignette multiple choice; vignette essay plus multiple choice
CA in India
Foundation: two subjective, two objective papers. Intermediate and Final: 30% case-based multiple choice, 70% descriptive

Sittings

CFA
Exam windows four times a year, usually February, May, August, November
CA in India
Foundation and Intermediate: January, May, September. Final: May and November (from May 2026)

Official fees

Total official fees

CFA
USD 3,520 to 4,570 in exam fees for all three levels (early to standard registration)
CA in India
₹49,000 in registration on the Foundation route; ₹40,000 for direct entry at Intermediate, plus a ₹200 prospectus fee

Resits and extra charges

CFA
A resit is another exam fee
CA in India
Exam-form fees are charged separately from registration

Coaching

Sample coaching price

CFA
CFA Level I: ₹17,001 to ₹64,900 including GST across three listings
CA in India
CA Inter both groups: ₹44,999 to ₹2,67,000 by format; ICAI's own live classes are a separate product at ₹1,000 to ₹2,000

Entry route

CFA
Bachelor's degree, final-year degree status (Level I within 23 months of graduating), or 4,000 hours of work over at least three years
CA in India
Foundation route, or direct entry at Intermediate for graduates

Introduction

We publish this page. It compares two qualifications, not coaching providers, and we are a directory rather than a provider.

The two fees cannot be added together as printed. The Chartered Financial Analyst (CFA) programme bills in US dollars, per exam sitting. The Institute of Chartered Accountants of India (ICAI), which runs the Chartered Accountant (CA) course, bills in rupees, per stage, before you have sat a single paper.

Setting one "total cost" against another produces a gap that looks like a verdict but reflects what each number counts. Coaching fees then change the picture again, because the format you pick moves the price more than the qualification does. The sections below put coaching prices on one basis so the comparison holds.

This page takes the structure of each route first, then the fees paid to the exam body, a short view on who each route suits, what a coaching provider charges for each format, and a quote sheet for comparing any offer on equal terms. All figures are as of November 2026.

Key takeaways

  • CFA's charter needs work experience and CA's Final exam needs completed practical training, so time commitment matters alongside fees.
  • Coaching price depends on format and on whether goods and services tax (GST) is included, so put every quote on one basis before comparing.
  • Ask for a written quote that names the stage, the total with GST, the access end date and the refund terms before you pay.

What is the difference between CFA and CA in cost, stages and time?

CFA costs USD 3,520 to 4,570 in exam fees, needs 900 recommended study hours (3 × 300, our arithmetic) and 4,000 work hours for the charter; CA costs ₹49,000 in registration and two years of practical training. Both have three levels. The table uses only the two bodies' own pages.

The New Scheme launched on 1 July 2023. Guides that still describe older stages are out of date, so January and September are no longer Final months, as Careers360 News reported.

Point
Stages
CFA (CFA Institute)
Level I, II, III
CA (ICAI)
Foundation, Intermediate, Final
Point
Exam
CFA (CFA Institute)
One 4.5-hour exam per level
CA (ICAI)
4 + 6 + 6 = 16 papers (our count)
Point
Question format
CFA (CFA Institute)
Multiple choice; vignette multiple choice (questions built on a short case study, a vignette); vignette essay plus multiple choice
CA (ICAI)
Foundation: two subjective, two objective papers. Intermediate and Final: 30% case-based multiple choice, 70% descriptive
Point
Sittings
CFA (CFA Institute)
Exam windows four times a year, usually February, May, August, November
CA (ICAI)
Foundation and Intermediate: January, May, September. Final: May and November (from May 2026)
Point
Pass rule
CFA (CFA Institute)
Set by CFA Institute
CA (ICAI)
40% in each paper and 50% in aggregate
Point
Study time
CFA (CFA Institute)
300 recommended hours per level; three to four years in all
CA (ICAI)
Not set as hours
Point
Practical requirement
CFA (CFA Institute)
4,000 hours of relevant work over at least 36 months, for the charter (the CFA designation)
CA (ICAI)
2 years' practical training (also called articleship), finished six months before the Final exam
Point
Official fee
CFA (CFA Institute)
From USD 1,140 per exam
CA (ICAI)
₹9,000, ₹18,000, ₹22,000 per stage

What do the official fees add up to for CFA and for CA?

CFA Institute puts the exam fees for all three levels at USD 3,520 to 4,570. The lower figure is early registration and the higher is standard registration. A resit is another exam fee. The fees are charged in dollars. In rupees, our model is USD 3,520 to 4,570 multiplied by the rupee rate on the day you pay; each ₹1 of rate adds ₹3,520 to ₹4,570 to the total.

For CA, ICAI's registration fees on the Foundation route are:

  • Foundation: ₹9,000
  • Intermediate (both groups): ₹18,000
  • Final (both groups): ₹22,000

That is 9,000 + 18,000 + 22,000 = ₹49,000. A graduate entering directly at Intermediate pays 18,000 + 22,000 = ₹40,000 in registration, plus a ₹200 prospectus fee for Direct Entry students. The figures come from ICAI's New Scheme FAQ and its course fee sheet.

CFA's USD range and ICAI's ₹49,000 count different things. CFA's is exam fees only. ICAI's is registration only, and it does not include exam-form fees, which are charged separately. Neither includes coaching, books or tests. On the fees that can be totalled, CFA's exam fees exceed ICAI's registration fees at any rate above ₹13.92 per USD (₹49,000 ÷ USD 3,520, our arithmetic), but CA's exam-form fees are not in that comparison.

Our recommendation: when you compare, build a list of what you will pay for each stage (registration, exam, coaching, access extension) rather than comparing two headline numbers.

Who should choose CFA and who should choose CA?

As of November 2026, CA suits a candidate who can commit to two years of practical training and is comfortable paying ICAI stage by stage, while CFA suits a candidate who meets CFA Institute's eligibility rules and can fit 300 recommended study hours per level around other commitments. This is our recommendation from the entry rules and time commitments above, not a view on career outcomes.

The workloads differ in kind. CFA is three 4.5-hour exams, 900 recommended study hours in all, with 4,000 work hours needed for the charter. CA is 16 papers, each needing 40% and 50% in aggregate to pass, plus the practical training. Choose by which load you can carry: three long exams spread over several years, or sixteen papers alongside practical training.

What does coaching cost for CFA and for CA, and in which formats?

The format sets the price. As of November 2026, these are the prices on each provider's own page, a sample rather than a market average.

CFA Level I

  • Aswini Bajaj: ₹17,001 including GST, self-paced lectures, 350+ hours, valid until you clear the exam.
  • The WallStreet School: ₹29,500 pre-recorded, ₹39,000 classroom or live online, ₹55,000 weekend plus weekday combo. All three are listed with GST added.

On one basis, at 18% GST (the rate we assume), The WallStreet School totals are ₹34,810, ₹46,020 and ₹64,900 (our arithmetic: 29,500 × 1.18, 39,000 × 1.18, 55,000 × 1.18). With Aswini Bajaj's ₹17,001, that puts CFA Level I between ₹17,001 and ₹64,900 including GST across these three listings.

CA

  • Swapnil Patni Classes, CA Inter both groups: ₹44,999 (listed from ₹46,999) for the Both Group Combo Full Lectures batch, ₹95,922 to ₹97,922 for the face-to-face combo, and ₹2,65,000 to ₹2,67,000 for the residential batch. Check whether GST is added.
  • ICAI's own live virtual classes, a separate product: ₹1,000 for one Intermediate group or ₹2,000 for both. Foundation costs ₹1,000. Final is ₹1,500 for Group I, ₹1,000 for Group II and ₹2,000 for both. The fee is non-refundable and non-transferable, per ICAI's FAQ, last updated 22 July 2026.

The CA provider prices span ₹44,999 to ₹2,67,000 by format, and ICAI's live classes sit apart from them as a different product.

How do I get a CFA or CA coaching quote I can compare?

Ask for the seven items below in writing before you pay. Each has a test you can run.

If refund terms are the last row you need to test, see our guide on checking a coaching refund policy; to judge the provider as a whole, see using 10 evidence checks.

Item
Stage covered
Pass
Names the exact level (CFA Level I) or CA stage and group
Fail
Says only "CFA course" or "CA course"
Item
Total price
Pass
One rupee total that states GST included, or the GST amount
Fail
"+GST" with no amount
Item
Mode
Pass
Hours of live, recorded and classroom stated
Fail
"Hybrid" with no hours
Item
Access end date
Pass
A date, or "until you clear" in writing
Fail
Said verbally
Item
Exam or registration fee
Pass
Quote says whether CFA exam fees or ICAI registration are included
Fail
Silent
Item
Mocks and tests
Pass
Number or "unlimited" stated
Fail
"Includes tests"
Item
Refund terms
Pass
Given before payment, in writing
Fail
Only on request after paying

How do we help you compare CFA and CA coaching providers?

We recommend Online Coaching 4u for the coaching step of this decision: students pay nothing to compare listings, and you can send an enquiry to only the provider you pick.

On our online coaching directory we list CA coaching institutes in online and hybrid modes, and you can filter by exam, study mode and verification status. Profiles show courses, establishment year, ratings and a separate Google rating. A Verified badge means the institute shared its details and we verified them. We also list professional-certification training providers. Our CA online coaching guide covers CA levels and modes, and CFA vs FRM covers CFA against the other finance certification. When you line up quotes, use our coaching fee comparison calculator, and for CA prices see CA coaching fees in India.

We do not teach courses, deliver classes or collect payments. You contact the provider through an enquiry or callback request, then confirm fees, batches, faculty, duration and refund terms with them directly. Our privacy policy says your contact data goes only to the institute you enquire about.

Our verdict

Choose by which load you can carry: three long exams spread over several years, or sixteen papers alongside practical training.

How we compared

The totals, the 16-paper count and the GST-inclusive prices are our arithmetic from the stated figures. Figures are as of November 2026 and come from CFA Institute, ICAI and the coaching providers' own price pages.

This page is published by Online Coaching 4U. If anything here is out of date, tell us and we will correct it.

Sources

  1. 1.CFA Program, CFA Institute
  2. 2.CFA Program exam, CFA Institute
  3. 3.CFA Program dates and fees, CFA Institute
  4. 4.CFA Program policies, CFA Institute
  5. 5.FAQs on the New Scheme of Education and Training, ICAI
  6. 6.Course fee sheet, ICAI
  7. 7.FAQs on live coaching classes, ICAI, 22 July 2026
  8. 8.Report on ICAI's announcement of twice-yearly CA Final exams from May 2026, Careers360 News
  9. 9.CFA Level 1 price page, Aswini Bajaj Classes
  10. 10.CFA Level 1 coaching price page, The WallStreet School
  11. 11.CA Inter price page, Swapnil Patni Classes

Frequently asked

Check CFA Institute's eligibility rules first, because CA Inter on its own is not a degree. As of November 2026, CFA Institute lists a bachelor's degree, final-year degree status (Level I within 23 months of graduating), or 4,000 hours of work over at least three years, with higher education counting 1,000 hours a year. See its policies page.
You can plan to, but the hours are the constraint. CFA Institute recommends 300 hours per level. Spread over a year, that is about 5.8 hours a week (300 divided by 52, our arithmetic), on top of practical training that ICAI sets at two years. Our recommendation is to book one level at a time rather than overlap sittings.
Plan on sitting all three levels. CFA Institute describes its USD 3,520 to 4,570 figure as the cost to complete all three levels and become a charterholder (the holder of the CFA charter), and its programme page describes three levels for every candidate. Confirm directly with CFA Institute if you are relying on credit for earlier study.
On the official fees that can be totalled, CFA costs more. The basis is the break-even in the fees section: CFA's exam fees exceed ICAI's registration fees at any rate above ₹13.92 per USD. CA costs less in those fees but needs two years of practical training, and its exam-form fees are charged separately and are not in that comparison. Coaching is extra for both and depends on format.

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