How do employers of major financial institutions evaluate CFA qualifications?

If you are a CFA certificate holder and expect to work for Goldman Sachs, more than 35% of the employees of global investment banks with CFA certificates work in the UK, more than other regional offices. Besides London, Wall Street in the United States is another place where CFA holders can find jobs more easily.

CFA exam is famous for its extreme difficulty. Although the number of applicants in Asia has increased rapidly, the United States is still the country with the largest number of CFA. Last year, 3 185 people in the United States were certified, while Canada and Britain ranked second and third with 83/kloc-0 people and 829 people respectively.

In order to know where large investment banks recruit CFA the most, we analyzed the data of120,000 people who have recently obtained CFA certification. The following table shows the distribution of CFA certificate holders. The proportion in the United States is significantly higher, but the proportion of different investment banks is still very different.

For example, 24.4% and 24.6% of CFA recruited by Barclays Bank and HSBC Bank in the world are recruited in the UK, which is higher than other non-UK banks. At the same time, UBS and Credit Suisse respectively recruited 22.8% and 65,438+08% CFA in Switzerland. Deutsche Bank only recruited 5.7% CFA in Germany, but this is already the highest proportion among all investment banks in the country.

American investment banks (excluding Goldman Sachs) recruit the largest proportion of CFA in their own countries. The CFA of Bank of America in China is 8 1.2%, and that of Morgan Stanley is 73. 1%. The proportions of JPMorgan Chase and Citibank are 58.8% and 57.6% respectively.

CFA Institute, an American chartered financial analyst, has repeatedly mentioned that Asia is the region with the fastest growth in CFA exam applicants. However, although the number of applicants is increasing, the total number is still small. There are not many CFA holders recruited by large investment banks in Asian markets. Coupled with China's 13th Five-Year Plan and financial structure reform, there is a great demand for high-end financial talents in China in the future, which will prompt employers to spend a lot of manpower and material resources to recruit CFA holders. People who have obtained CFA certification in Asia have also found higher-paying jobs in other parts of the world, which is one of the reasons why CFA holders have been favored by employers in more than 65,438+050 countries around the world.