Conditions for applying for cfa in August
1, education requirements
(1) Four-year undergraduate degree or above.
Note: the registration time is within 23 months (inclusive) before the graduation month of bachelor's degree course or equivalent project.
(2) Three-year college degree with 1 year full-time working experience.
(3) Two-year college degree with two-year full-time work experience.
(4) No college degree or above, 4 years full-time working experience.
Without a bachelor's degree, I have gained 4000 hours of work experience for three consecutive years. Work experience is not limited to industry or development field, as long as it is legal, it can show my professionalism.
2. Abide by professional ethics;
3. Complete the registration and pay the fees;
4. Be able to take the exam in English;
5. Have an international travel passport.
Key points of cfa level 2 subject review
As for CFA level 2 subjects, each subject has its own different emphasis, which should be distinguished when reviewing.
First, morality, for CFA's second-level morality, will inherit a large part of the first-level content, so the first-level standard cannot be forgotten at the second level. For moral review, there is no shortcut, only one step at a time.
Second, quantitative analysis, secondary quantitative analysis mainly examines some knowledge related to linear regression and some preliminary econometrics, such as time series model, mean regression, random walk and so on.
Thirdly, the analysis of financial statements is mainly to grasp these key points, such as the merger of financial statements, pension accounting, foreign currency accounting and a small amount of quality evaluation of financial statements.
Fourth, equity investment, the first level is mostly conceptual, but the second level will examine your valuation of various financial assets, so there are a lot of complicated calculations and various cash flow estimates, which will also involve a lot of knowledge of first-level financial reporting.
Fifth, corporate finance, the calculation difficulty of this course is absolutely no less than the fourth equity investment, the knowledge points are very fixed, and the problems are constantly done, and the classic exercises can be done repeatedly.
Sixth, economics, CFA secondary economics mainly examines some triangular arbitrage and various evaluation formulas. There is also Cobb Douglas equation and some schools' understanding of economic growth, which includes short-term and long-term, and capital can flow freely, but not freely.
7. Alternative investment, in which the model of valuation and calculation is as difficult and quantitative as equity analysis.
Eight, portfolio, the second-tier portfolio tends to meet the third level, so there will be many new knowledge points here, including multi-factor model, market intertemporal theory, deeper understanding of stock selection and timing, and attribution of performance.
Nine, derivatives, this calculation is very much, but most of them are based on the first-level concept.
X. fixed income, CFA's secondary fixed income lies in the discussion of the term structure of interest rates and the understanding of credit default swaps.
Therefore, the secondary knowledge points still need us to understand more. Only by knowing them can we remember them more conveniently.
CFA Level 2 Examination Schedule
CFA Level 2 exam is divided into two sessions, each session is about 2 hours, 12 minutes, and there is still a 30-minute break between each session. The schedule of CFA Level 2 examination is as follows:
30 minutes of commitment, counseling and investigation time.
The first exam: about 2 hours 12 minutes.
30-minute non-mandatory rest time
The second exam: about 2 hours 12 minutes.
CFA Level 2 Computer Test Duration: 4 hours and 24 minutes
CFA exam window duration: 5 hours and 24 minutes.