How about CFA? Is it worth taking it?

More and more people are applying for the CFA exam, and the competition for CFA talents among cities is becoming more and more obvious. The welfare policies established are really enviable; but some students are not enough about what the CFA exam is. Understand, today Gao Dunjun will tell you what the CFA exam is:

The full name of CFA is: Chartered Financial Analyst (Chartered Financial Analyst), which is a high-level certificate in the financial investment industry and a financial institution. A certificate favored by financial analysis practitioners. The Financial Times magazine in 2006 compared the CFA professional qualification to the "gold standard" of investment professionals. The People's Daily has repeatedly recommended this certificate. The CFA certificate is still included in the recommended certificates compiled by the People's Daily for college students in 2019!

CFA is a professional qualification certification. The CFA exam has three levels in total. The three levels need to be tested step by step. At the same time, the difficulty level increases and is related to financial knowledge and English proficiency (the key is English Reading ability) and mathematical background are related to a certain extent; in the CFA exam, CFA candidates need to strengthen their study in these aspects.

The CFA exam has fixed subjects, and the exam subjects at each level will not change. However, the syllabus for each level of the CFA exam will change by 10%-20% every year. The CFA exam is not static.

The subjects of CFA Level 1 and Level 2 are the same, with 10 subjects. CFA Level 3 has a total of 7 subjects, which is three subjects less than CFA Level 1 and Level 2.

CFA Level 1 subjects:

Professional ethics, quantitative analysis, economics, financial statement analysis, corporate finance, portfolio management, equity investment, fixed income investment, derivatives Investments, other investments.

CFA Level 3 subjects:

Ethical and professional standards of conduct, economics, portfolio management, equity investment, fixed income investment, derivatives, and other investments.

CFA exam format:

Currently, all three levels of the CFA exam are written exams. In 2021, the CFA Level 1 exam will be changed to a computer-based exam format. CFA Level 2 and Level 3 will still be in the form of a computer-based exam. written examination.

The CFA Level 1, 2 and 3 exams are held every year in June, and only the CFA Level 1 exam is held in December; in 2021, it will be possible to take the CFA Level 1 exam four times a year, with each level exam lasting 6 hours. , 3 hours in the morning and 3 hours in the afternoon.

CFA exam test sites:

The CFA exam test sites are variable each year. CFA Institute will notify CFA test site cities before registering for the CFA exam; for specific CFA test sites, CFA candidates will be informed at I saw it on my admission ticket.

The CFA exam is so popular, can everyone take it?

Of course there are certain application requirements!

CFA application requirements:

According to the requirements of the CFA Chartered Financial Analyst Association, application is not limited to majors. If you are interested in asset management, investment research, consulting services or investment banking, as long as You can register for the CFA exam if you meet one of the following conditions:

1. Academic requirements:

A. Undergraduate students can register for the CFA within 12 months before graduation. Exam

B. 3-year college degree plus 1 year of full-time work experience

C. 2-year college degree plus 2 years of full-time work experience

2. The most basic thing is to abide by professional ethics. In the CFA exam, ethics and career planning are very important courses, and you must start with yourself.

3. Be able to complete registration and registration and pay fees;

4. Be able to take the exam in English.

Supplementary instructions:

Academic requirements - Candidates must have a bachelor's degree (or equivalent) when registering for the exam. Two and a half years of college plus one and a half years of working time; four years of qualifying professional work experience above high school; you can also apply for the self-study exam, as long as you have a considerable degree of academic qualifications and work experience.

Professional--no specific restrictions.

English proficiency--The exam does not have special requirements for candidates' English proficiency. However, since the exam is an all-English test paper and all answers are in English, the candidate's English proficiency should be based on correctly understanding the test questions and correctly expressing the candidate's opinions. on the basis of.

Mathematical level - The CFA exam requires mathematics. The mathematical analysis of the CFA exam is not very difficult. Generally, the number 3 is sufficient. It focuses on the assessment and application of knowledge related to probability and statistics.

To take the CFA exam, you need to pay a certain fee when registering for CFA.

CFA registration fee (composed of three parts):

(1) CFA registration fee

First-time registration fee for CFA exam: $450. CFA Level 2 and Level 3 do not require payment.

(2) Examination fees for each stage of CFA registration (divided into three stages, including the cost of electronic CFA official textbooks)

The examination fees for each stage of the three levels of examination are the same They are the same, the first stage: $650; the second stage: $950; the third stage: $1380. The CFA exam implements an early registration and early discount policy. The earlier you register, the lower the registration fee.

Note: If you want to purchase the paper version of the official CFA textbook, you need to pay an additional 170$ (including 20$ postage).

(3) CFA exam taxes and fees

Taxes and fees for new candidates will apply to those who have just registered for the exam, and taxes and fees for old candidates will apply to candidates who have already registered for the exam. Reference values: New students’ tax is $78, old students’ tax is $45. The details will be shown at the time of payment.

*Partial Refund Policy

Registration fees and application fees can be fully refunded within three working days after payment, but the actual amount received may be affected by exchange rate fluctuations . Except in this case, registration and registration fees are not transferable or refundable under any circumstances.

Refunds for paper textbooks ($150) cannot be applied for after the order is completed. You may need to pay additional import taxes and other fees for mailing paper textbooks. If any customs clearance fees are incurred, the candidates must bear them personally.

The role of the CFA exam:

CFA courses and assessment content are based on the practice of financial investment management, involving a wealth of financial investment knowledge, from economics to portfolio management and asset evaluation, etc. The core content of investment management, from basic concepts to case analysis and practical application. CFA program participants can continuously improve in their studies and experience the fun of converting investment principles into work practice.

In addition, the CFA Institute also regularly provides members with seminar literature compilations and member monographs to convey new developments in the investment community. Through its complete member service system and assessment system, it ensures that those with the CFA title are employed in the industry. Stay in good shape in the field of financial investment.

Many investors will choose professionals with CFA charter qualifications to manage their assets. More and more companies use CFA as an important criterion for recruiting talents, and employers use CFA as a criterion for evaluating employee capabilities. Many organizations use CFA as an important part of their employee career development plans.

CFA employment direction:

Including investment bank managers, fund managers, financial managers, project directors, chief executives, financial analysis executives, financial management directors, audit project managers, and CEOs , tax manager, financing manager, general cashier, financial director, senior manager of financial settlement, senior manager of investment analysis, financial accounting supervisor, senior manager of financial settlement, securities analyst, financial director, investment consultant, investment banker, trader, etc.

I would like to recommend to everyone a senior who has passed the CFA exam. If you have any questions about the CFA, you can consult her.

Not only can you solve CFA exam questions, but you can also get electronic versions of CFA exam questions and CFA exam preparation materials. WeChat ID: Ailili044

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