AIMR, now known as CFA Institute offers CFA or Chartered Financial Analyst program. This is a professional credential program aimed at financial and investment professionals. To become a charterholder, you will need to meet the professional requirements set by the institute. In the UK, CFA is highly recognized in the industry of global finance. This gold standard designation is equivalent to a master's degree. Most investment banks like Goldman Sachs and J.P. Morgan were the top employers of CFAs prior to the global financial crisis. If you are interested in getting a CFA designation, you have to pass the program especially if you have plans of working in fields like financial analysis and investment management. A lot of people are interested in bonds, stocks, or other derivative assets, and if you're one of them, now is the perfect time to check out what CFA has to offer.
CFA Requirements.
In corporate finance, the demand for CFA charterholders has also increased in the recent years. At present, there are about 98,000 CFAs. The institute also has more than a thousand members in different countries. Since 1963, more and more people have become interested in the CFA designation. The following are the requirements for the CFA designation:
- Qualified work experience for 48 months or 4 years; you can also combine work and education experience, as long as CFA Institute accepts it.
- Finish the program of the CFA which includes the current curriculum and 6-hour exams.
- Be a CFA Institute member, and apply for a local CFA society for membership.
- Know the Code of Ethics and Standards of Professional Conduct by the CFA Institute and adhere to it.
It will take about four years for you to complete the program, but your effort, time, and money are going to be worth it. If you are a graduating student, and passed the assessment of the institute, you can qualify for the program. Exams are taken every year, and you have to pass it. Passing rates for each exam level varies greatly, but if you are serious in your studies and you have the passion to become a CFA charterholder, you can overcome all the challenges and obstacles.
Finding CFA Options.
If you can't take the program at the CFA Institute, you can always look for accredited partners. There you can choose among the relevant course offerings and prepare for CFA education. In the US, there are 58 accredited partners, 35 from the Asia Pacific, and 47 in EMEA. The current curriculum of the CFA program includes three levels. The first level focuses on the inputs and tools while the second level focuses on asset valuation. The third level is aimed at portfolio management, wherein you can learn the different asset valuation models, strategies for tool applications, and many others. You have to pass the different level examinations if you want to become a CFA charterholder.
It isn't hard to obtain a charterholder, as long as you qualify for the requirements of the institute. Find out if you qualify today!
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