CFA financial employment prospects, what do you need to meet to hold the certificate?

CFA financial employment prospects are very good. After all, under the conditions of short supply, CFA certificate holders are still relatively popular in major companies. The CFA certificate is a professional qualification title in the securities investment and management industry. It is a valuable certificate in the field of global financial investment.

Requirements for CFA certification

(1) Passed the CFA exam (if you have passed the CFA Level 3 exam, you have already met this condition)

(2) Obtain qualified work experience

Candidates must obtain no less than 4,000 hours of relevant work experience within three years, and the work must be related to investment or provide value addition to the investment process. , the association does not restrict the way candidates obtain work experience. Candidates can obtain the required experience through full-time, part-time or remote work arrangements.

(3) Submit 2-3 letters of recommendation

Candidates also need to find 2-3 recommenders to write letters of recommendation for individuals. If there are only two recommenders, one of them is required. One recommender must be a member of the local CFA Institute.

(4) Obtain CFA membership

Obtaining CFA formal membership is one of the prerequisites for holding a CFA certificate. If the candidate has become a formal member of the association, he also needs to pay on time Dues.

Overview of CFA certification prospects

CFA cultivates talents in financial industry investment and analysis. There are two main directions that are relatively relevant:

1. Investment analysis direction

The commonly known seller can go to investment banks and securities firms to do investment analysis, industry research, etc.; well-known investment banks Analysts at securities firms are paid very well and have strict requirements on the comprehensive capabilities of practitioners. Many investment banks and securities companies regard CFA as one of the qualifications when recruiting analysts. It is difficult for those without a certificate to enter important positions in this field.

2. Asset management and investment management direction

It is also commonly known as the buyer. The holder can go to a fund company to be a fund manager and do portfolio management and other work.

Data surveyed by CFA Institute show that J.P. Morgan (JP Morgan Chase), UBS (UBS), RBC (Royal Bank of Canada), BAML (Bank of America Merrill Lynch), HSBC (HSBC Bank), Wells Fargo (Wells Fargo) and others are major employers, each with more than a thousand certificate holders working for them. Moreover, the number of CFA charterholders hired by these companies is increasing every year.

Of course, in other financial fields, CFA is also highly recognized, and it is almost an omnipotent certificate in the financial world. Employers hope that the talents they recruit will not only have good financial knowledge, but also have strong financial qualities, practical analysis skills, strict professional ethics, etc. These are precisely the goals of CFA talent training.

Introduction to the average annual salary of CFA certificate holders

After passing the CFA exam, no matter what aspect of financial work you are engaged in, you can successfully obtain a high salary. According to CFA Institute statistics, the average annual salary of a portfolio manager holding a CFA certificate is $132,000.

As a research analyst, if you have a CFA certificate, the average annual salary is about US$73,000. The average annual salary for a risk manager holding a CFA certificate is US$126,000.

In recruitment in the financial industry, it is clear that CFA holders are given priority and will be used as bonus points for promotion and salary increase. In other words, as long as you work hard to obtain the CFA and make it your irreplaceable core competitiveness through work practice, high-paying and high-level jobs will be within your reach.