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Old Tuesday, June 10, 2014
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Default CFA (chartered financial analyst) : guidance for beginners

Courtesy CFA INSTITUTE WEBSITE:

The Chartered Financial Analyst® (CFA) credential has become the most respected and recognized investment designation in the world; enrolling in the CFA Program is your first step toward earning this qualification.

The CFA Program curriculum covers concepts and skills you will use at all stages of your career, bridging academic theory, current industry practice, and ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills.

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How is the CFA Program Different?
While most graduate school programs cover a broad range of topics, the CFA Program focuses specifically on investment knowledge. In addition, the self-study format allows you to continue working full time while you earn the charter.

More than one-third of the CFA candidates surveyed in June 2013 cited career advancement as the primary reason they chose the CFA Program (PDF).

Employers recognize the CFA charter as a reliable way to identify the most qualified job applicants. They know the CFA Program provides the skills needed to succeed and that earning the CFA charter demonstrates the commitment to excellence required of today’s investment professionals.

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To become a charterholder, you must:

Complete the CFA Program
Pledge to adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct
Have four years of qualified investment work experience
Become a regular member of CFA Institute and apply for membership to a local CFA member society.
What Does the CFA Program Cover?
The CFA Program is organized into three levels:

Level I: Focuses on a basic knowledge of the ten topic areas and simple analysis using investment tools
Level II: Emphasizes application of investment tools and concepts with a focus on valuation of all types of assets
Level III: Focuses on synthesizing all of the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning
See the topic areas covered in the CFA Program.

How Long Does it Take?
The CFA Program is organized into three levels and each level involves a six-hour exam. To complete the program you have to pass the exam for each level. There is no limit to the number of times you can take each exam.

For each of the three exams, plan on at least six months of preparation
Successfully complete the three exams sequentially and accumulate 48 months of approved work experience
Successful candidates take an average of four years to complete the program

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Any questions are welcone especially those who were curious to know about it in other threads

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how much fees is involved?
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Quote:
Originally Posted by mudassir1 View Post
Any questions are welcone especially those who were curious to know about it in other threads

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I heard 70% is paasing???
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Is it necessary to have at least 4 years of investment work experience ? I heard it is merely a formality and a person having work experience in other fields can also apply. Please guide
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how much fees is involved?
For level 1 its around $ 1240 for level 1 dec 2014 including $440 as one time registering charges .

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I heard 70% is paasing???
Its not absolute but relative passing criteria. But generally its 70% of top 10-100 candidates' average score.

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Quote:
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Is it necessary to have at least 4 years of investment work experience ? I heard it is merely a formality and a person having work experience in other fields can also apply. Please guide
Work experience is necessary to acquire charter after passing 3 levels. Relavabt work experience in any field of investment is mandatory.
They usually cater every case separately determine what type of experience is in line with CFA

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