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VIEWPress Release: SSEI launches flagship Analyst Stack Program|VIEWFinancial Modelling Webinar: Join our Financial Modelling webinar and learn practical valuation and modelling skills.|VIEWCFA Level 1 New Batch: Admissions open for the new CFA Level 1 batch|VIEWFRM Product Launch: Build risk-management expertise with SSEI’s new FRM program.|VIEWSanjay Saraf Sir is back to teach FRM after 9 years
Home/Courses/CFA/CFA Level 1 & Analyst Stack Combo
★ 4.8/5CFA · Prep ProviderBestseller

CFA Level 1 & Analyst Stack Combo

●Sanjay Saraf Sir + 15 industry practitioners · Lead Instructor●Live Online + Recorded

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Get expert guidance on your CFA Level 1 & Analyst Stack Combo journey from our counselors.

India
Overview

The most comprehensive Indian coaching
for CFA.

The CFA L1 + Analyst Stack Combo bridges the gap between investment theory and investment practice. Sanjay Saraf Sir's CFA Level 1 Full Immersion Programme (600+ hours, 2027 curriculum) teaches the investment theory and ethical foundations of professional investing. Analyst Stack, taught by 15 industry practitioners, teaches you to apply that theory - building models, analysing real companies, and positioning yourself for Day 1 impact. By the time you interview, you have both the credential AND a portfolio of real work samples.

1

CFA L1 Full Immersion: 600+ hours of structured video

Every concept derived from first principles

2

CFA L1: Weekly mocks , Chapter/Subject/Full CBT mocks

Exam-condition simulation at three granularities

3

CFA L1: 5,000+ questions solved in class

~12,000 in the total practice pool

4

CFA L1: Doubt solving on Sir's Telegram

Direct faculty access

5

Analyst Stack: 73 sessions across 4 modules

Financial Modeling, Equity Research, AI in Finance, Career Development

6

Analyst Stack: Capstone project on a real Indian company

Model, valuation, investment memo, pitch

7

Analyst Stack: Portfolio of 15 sector primers

Industry structure, KPIs, regulation, competitive dynamics

8

Analyst Stack: Financial models built from scratch

3-statement, DCF, comps, SOTP, industry-specific

9

Analyst Stack: AI in Finance integration

LLMs, prompt engineering, prompt library, sector templates

10

Analyst Stack: Career Development toolkit

Certification, resume, LinkedIn, networking, interview library, job-search dashboard

11

Dual Credentialing

CFA Institute Approved Prep Provider + SSEI Analyst Stack Certification

12

SSEI Alumni network at top firms

EY Parthenon, KPMG, Deloitte, Goldman Sachs, Morgan Stanley, HSBC, Amazon, PwC, JPMorgan, American Express, BlackRock

Curriculum

2 topics.

Topic 1: Quantitative Methods - Returns, Benchmarking Returns, Time Value of Money, Statistical Characteristics (semi-deviation & coefficient of variation), Distributions, Estimation & Hypothesis Testing, Return and Risk of a Portfolio (min-variance, efficient frontier, CAL), Simulation, Simple Linear Regression (CAPM via regression), Financial Data Science
Topic 2: Economics - Firm and Market Structures, Business Cycles, Fiscal Policy, Monetary Policy, Geopolitics, International Trade, Capital Flows and the FX Market, Exchange Rate Calculations
Topic 3: Corporate Finance (renamed from Corporate Issuers) - Organizational Forms, Stakeholders, Corporate Governance, Working Capital and Liquidity, Capital Investments and Allocation (NPV, IRR, ROIC), Capital Structure (WACC, Modigliani-Miller), Business Models
Topic 4: Financial Statement Analysis - Income Statements, Balance Sheets, Cash Flows I & II, Inventories, Long-Term Assets, Long-Term Liabilities and Equity, Income Taxes, Financial Reporting Quality, Financial Analysis Techniques (DuPont), Financial Statement Modeling
Topic 5: Equities (largest change in 2027) - Equity Instrument Features, Jurisdictions/Classes/Voting, Issuance and Trading, Sources of Equity Returns, Introduction to Equity Valuation, DCF and Growth Models (FCFE, FCFF, residual income), Relative Value Approaches, Financial Statement Forecasting, Industry and Competitive Analysis (Porter's Five Forces, PESTLE), Company Analysis, Equity Analyst Research Reports, CAPM/Market Model/Factor-Based Models
Topic 6: Fixed Income - Instrument Features, Cash Flows and Types, Issuance and Trading, Markets for Corporate/Government Issuers, Bond Valuation, Yield and Yield Spread Measures, Term Structure, Interest Rate Risk and Return, Duration & Convexity, Curve-Based and Empirical Risk Measures, Credit Risk, Credit Analysis, Securitization, ABS & MBS
Topic 7: Derivatives - Instrument and Market Features, Forward Commitments and Contingent Claims, Benefits/Risks/Uses, Arbitrage/Replication/Cost of Carry, Pricing and Valuation of Forwards/Futures/Swaps/Options, Put-Call Parity, One-Period Binomial Model
Topic 8: Alternative Investments - Features/Methods/Structures, Performance and Returns, Private Capital (Equity and Debt), Real Estate and Infrastructure, Natural Resources, Hedge Funds, Digital Assets
Topic 9: Portfolio Construction (renamed from Portfolio Management) - Portfolio Risk and Return I & II (efficient frontier, CAL, CML, CAPM, SML, Sharpe/Treynor/M�/Jensen's alpha), Portfolio Management Overview, Basics of Portfolio Planning (IPS, ESG), Behavioral Biases, Risk Management
Topic 10: Ethical and Professional Standards (re-segmented in 2027) - Ethics and Trust, Code of Ethics and Standards, Guidance for Standards I-VII (one reading per Standard), Application of the Code and Standards: Level I
2027 Notes: GIPS no longer a standalone L1 reading; Market Efficiency and standalone Security Market Indexes removed; index calculation now under Quant ("Benchmarking Returns").
Faculty

Taught by Sanjay Saraf Sir + 15 industry practitioners.

30+ years of proving that the CFA curriculum has no concept too complex - only explanations not good enough yet. Sanjay Saraf Sir + 15 industry practitioners, CFA, FRM, CIIA, CPM, CTM, CIB. MS Finance from ICFAI Hyderabad. Gold Medallist awarded by Late Dr. Manmohan Singh.

See full faculty roster
CFA Institute · Fees & calendar

Everything you pay CFA Institute. Every deadline they set.

This timeline is pulled directly from CFA Institute's official Dates & Fees page. Fees are paid to CFA Institute and are independent of any SSEI programme fee.

Early registration
USD1,140
Per level, per attempt (L1 & L2). Register before the Early Registration deadline. L3 early rate is USD 1,240.
Standard registration
USD1,490
Per level, per attempt (L1 & L2). Applies after the Early deadline up to the Standard deadline. L3 standard rate is USD 1,590.
Access Scholarship
USD~350
Reduced fee if awarded by CFA Institute. Apply before the scholarship deadline on the CFA portal. Enrollment fee is no longer charged.
Rescheduling fee
USD250
If you change your scheduled exam appointment within the testing window.
CFA Institute Access Scholarship
If awarded, CFA Institute reduces the exam registration fee to USD 350 (instead of USD 1,140 early / USD 1,490 standard). Apply annually for each level; demonstrate financial need on the CFA Institute portal. The one-time enrollment fee has been eliminated.
Up to USD 1,140saved per level
CFA Institute deadline
Exam window
11 Nov2025

Registration opened

CFA Institute opened registration for the August 2026 window. Candidates could register via the candidate portal.

CFA Institute
21 Jan2026

Early Registration deadline (passed)

Early rate of USD 1,140 was available until this date. Standard rate of USD 1,490 applied from 22 Jan 2026.

CFA Institute
11 Feb2026

Access Scholarship deadline (passed)

Scholarship application window closed. If awarded, exam fee reduced to USD 350. Apply for the next window instead.

CFA Institute
6 May2026

Standard Registration deadline (passed)

Registration window closed. If you are registered, proceed to scheduling your slot before 7 Jul 2026.

CFA Institute
7 Jul2026

Scheduling deadline

Last date to book your Prometric/Pearson VUE slot. Miss this and your registration is forfeited - no refund.

CFA Institute
~30 daysbefore slot

Reschedule deadline

Last day to change your exam appointment (centre or time). USD 250 rescheduling fee applies. No changes permitted after this.

CFA Institute
18–24 Aug2026

CFA Exam Window

Official 6-day computer-based testing window at a Prometric/Pearson VUE centre. You sit your pre-scheduled slot - one attempt per window.

Exam
~Oct2026

Results released

CFA Institute releases pass/fail results and percentile decile band within 8–9 weeks of the window close, via your candidate portal.

CFA Institute
11 Nov2025
CFA Institute

Registration opened

CFA Institute opened registration for the August 2026 window. Candidates could register via the candidate portal.

21 Jan2026
CFA Institute

Early Registration deadline (passed)

Early rate of USD 1,140 was available until this date. Standard rate of USD 1,490 applied from 22 Jan 2026.

11 Feb2026
CFA Institute

Access Scholarship deadline (passed)

Scholarship application window closed. If awarded, exam fee reduced to USD 350. Apply for the next window instead.

6 May2026
CFA Institute

Standard Registration deadline (passed)

Registration window closed. If you are registered, proceed to scheduling your slot before 7 Jul 2026.

7 Jul2026
CFA Institute

Scheduling deadline

Last date to book your Prometric/Pearson VUE slot. Miss this and your registration is forfeited - no refund.

~30 daysbefore slot
CFA Institute

Reschedule deadline

Last day to change your exam appointment (centre or time). USD 250 rescheduling fee applies. No changes permitted after this.

18–24 Aug2026
Exam

CFA Exam Window

Official 6-day computer-based testing window at a Prometric/Pearson VUE centre. You sit your pre-scheduled slot - one attempt per window.

~Oct2026
CFA Institute

Results released

CFA Institute releases pass/fail results and percentile decile band within 8–9 weeks of the window close, via your candidate portal.

Source: All fees and dates above are published by CFA Institute on cfainstitute.org/programs/cfa-program/dates-fees. Indicative dates for the Aug 2026 Level 1 window - confirm exact dates on the CFA Institute candidate portal. Fees are in USD and paid directly to CFA Institute.
FAQ

Questions before you enrol.

CFA L1 teaches you what to think about; Analyst Stack teaches you how to do the job. CFA L1 gives the foundation; Analyst Stack immediately applies those concepts to real-world modelling, equity research, and career launch. By the time you interview, you have both the credential and a portfolio of real work samples.

SSEI

India's Leading Finance Prep Provider

Sanjay Saraf Educational Institute has been shaping finance careers since 1994, guiding students through CFA, FRM, CA and ACCA with concept-first teaching.

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Stay Updated

Get updates on courses, batches, offers, and exam resources.

SSEI

India's Leading Finance Prep Provider

Sanjay Saraf Educational Institute has been shaping finance careers since 1994, guiding students through CFA, FRM, CA and ACCA with concept-first teaching.

+91 75950 53300

Stay Updated

Get updates on courses, batches, offers, and exam resources.

SSEI is a CFA Institute Prep Provider, GARP Authorised Prep Provider for FRM, and an ACCA Approved Learning Partner. CFA Institute, GARP and ACCA do not endorse, promote, review or guarantee the products, services or study materials offered by SSEI. CFA, Chartered Financial Analyst, FRM and related marks are trademarks of their respective owners.

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