What are the requirements for CFA? What is the main test?

June 20 17 CFA exam results are coming soon. Good luck. You know, CFA exam is not easy. The association suggests that every candidate preparing for CFA exam should try to ensure more than 300 hours of review time. If you fail the exam, it means at least 300 hours have been "wasted".

Studying CFA exam involves 10, which is also a headache. Just a few thick textbooks, some English that makes you look big, and formulas and algorithms that non-financial candidates have never seen. However, even with such efforts, the popularity of CFA certificate has risen instead of falling, and more and more financial practitioners have begun to accept the challenge, prepare for CFA, start working during the day and stay up late at night to review. It is difficult to review, and the passing rate is less than 50%. What CFA charts are enthusiastically sought after by financial enthusiasts?

CFA's biggest market is in China.

CFA is no stranger to global financial practitioners. It is the abbreviation of "Chartered Financial Analyst" and the title of professional qualification in the field of securities investment and management initiated by the American Association of Chartered Financial Analysts (ICFA). CFA holds exams all over the world every year, with three levels and 10 exam subjects, which is called the "most rigorous" exam in the financial field.

This elite organization with 65,438+025,000 holders has attracted nearly 654.38+million applicants and hundreds of thousands of eager college students in Chinese mainland. In fact, from June, 2065438 to February, 2006, the number of candidates who signed up for CFA examination in Chinese mainland has exceeded 80,000, and China has surpassed North America to become the region with the largest number of CFA candidates.

In sharp contrast, there are about 5,000 CFA holders in China, which is far from meeting the needs of China's financial market. Hong Kong has a population of about 4 million, 250,000 financial employees and more than 6,000 CFA holders. In contrast, we can see that there is a huge talent gap in CFA in Chinese mainland.

CFA's Three Influences on China's Finance

CFA has great influence in the international financial circles, and this far-reaching influence has also spread to China, contributing to the development of China's financial market.

CFA members have a solid CFA consultant team and CFA Volunteers Association. CFA consultant team is composed of CFA licensees, who come from financial institutions such as orient securities, Deutsche Bank and Ping An of China in China, including directors, directors and department heads, and strive for perfection. They provide excellent membership services for CFA holders in China and promote the growth and operation of CFA Volunteers Association.

CFA Volunteers Association provides salons, lectures, forums and other activities for all CFA members, and advocates CFA exam spirit.

CFA cooperates with famous universities in China. Many well-known universities in China will quote CFA in their financial courses, and even directly cooperate with CFA Association to set up CFA direction classes. It is reported that Tsinghua University, Fudan University and Peking University. They all have deep cooperation with CFA Institute, introducing CFA knowledge system into undergraduate and postgraduate education.

CFA advocates international financial standards to regulators and industries. China's financial and capital markets are gradually opening up, and China and Hongkong's stock markets recognize each other. The future will definitely be international, and professionals with international financial knowledge are needed. This momentum is inevitable. The talent evaluation mechanism and international financial standards advocated by CFA are international gold standards. CFA has been advocating such standards to China's regulators and financial industry, helping China's financial talents to understand the development status of the financial industry, realize talent transformation and connect with the international community.

Have both financial knowledge and moral standards

A CFA holder said: "Young practitioners should take CFA exams earlier. CFA exam consists of professional financial knowledge and moral operation. Ethics is very important for the financial industry. "

The association has formulated a policy with special emphasis on morality. From the examination of 1996, the examination result of ethics course has become the symbol of life and death that determines the candidate with the lowest passing score. Moral adjustment can have a positive or negative impact on the final scores of these candidates.

Because the development of new business needs new code of conduct, professional financial knowledge is very important at home and abroad, but it also attaches great importance to morality. Morality and reputation are important resources in the financial industry.

High salary and more career opportunities

The average annual salary of CFA level 1 is 340,000, that of CFA level 2 is 590,000, and that of CFA level 3 is 930,000. Although the salary in the financial industry is not low, only CFA members can enjoy such a high salary.

In Chinese mainland, CFA members are mostly engaged in portfolio managers, fund managers, financial consultants, accountants, investment bank analysts, asset management and other jobs, which are characterized by good treatment and high threshold. Passing CFA exam is the embodiment of your comprehensive strength such as data analysis ability, financial analysis ability and business English ability, and you can get these excellent jobs quickly.

Feng, director of Gao Dun Financial CFA Research Center, said that CFA holders have convincing ability. Everyone can see your knowledge, your integrity and your pursuit from a certificate, and win the respect and favor of the industry.