Is CFA useful for bankers?
At present, many banks and investment banks will give priority to CFA and FRM holders in their recruitment information, and the leaders of major banks or employees of important departments are CFA holders. It can be seen that obtaining CFA is also very helpful for staff to find jobs in the future, and it can also provide a good opportunity to expand their contacts in their studies.
Is CFA useful for the position of securities analyst?
The first is the requirements for academic qualifications, among which macro analysis and strategic analysis have the highest requirements for academic qualifications. Generally speaking, macro and strategy require a doctorate. Industry research generally requires a master's degree. Quantitative analysts generally require a background in mathematics and science and engineering, and need strong mathematical analysis ability. Moreover, industry analysts prefer compound talents and hope to have industry work experience or academic background in related industries. Investment banking is the most demanding position. On the one hand, it needs high financial accounting knowledge, on the other hand, it also needs industry knowledge and certain communication skills. For those who want to transform into a graduate school, financial accounting knowledge is particularly important. No matter macro analysts, industry analysts and quantitative analysts, they all have strict requirements for financial knowledge.
How to prove that you have the ability to do this? In addition to certain academic background and work experience, holding relevant certificates has become an indispensable condition for successful transformation. Among them, CFA certificate is specially made for analysts. The business of the institute covers a wide range and needs to establish a complete financial knowledge system. The disciplines in CFA certificate cover a lot of theoretical knowledge and business lines in various fields of finance. Learning CFA is very helpful for people in the workplace to switch to the financial industry. At the same time, CFA certificate has high gold content, which can be used as a stepping stone and extra points for career change. Other accounting certificates will also help.
Finally, we need to combine our own personality characteristics to plan our own transformation path. If you are calm and like to study academics, you can develop into a backstage position; If you are interested in supervision, you can also develop into a risk control with certain legal knowledge; If you are cheerful and like to communicate with others, it is more suitable to develop in the direction of the front desk.
Is CFA useful for practitioners in Public Offering of Fund?
The fund manager's working experience in the fund or investment industry is a very valuable asset. Generally speaking, excellent fund managers have 6- 10 years or even longer experience in the securities industry or investment.
The important job of the fund manager is to analyze the financial statements of the enterprise and find the investment value of the company in the complicated data of assets, rights and interests, profits and cash flow. Around this work, we must master business accounting, financial mathematics, business statistics, corporate financial management, monetary banking, financial markets and financial institutions, international finance, securities investment analysis, financial law, corporate finance, financial derivatives and so on.
Most of this knowledge is involved in CFA test sites, which is why CFA is called "the cradle of fund managers". Of course, in addition to financial knowledge, industry knowledge is also very important. CFA will become the most powerful stepping stone for the transitional financial industry, if the working people have more experience in the original industry. At present, CFA is regarded as a priority and necessary condition for many positions in fund companies.
Is CFA useful for futures company positions?
The futures market has great development potential, and at the same time, there is a big talent gap, which requires high quality and quantity of talents. This requires financial professionals who are determined to enter the futures industry to improve their professionalism and knowledge accumulation. At present, the working threshold of researchers and analysts in many futures companies is relatively high. Higher education and relevant certificates are all necessary conditions.
CFA can not only serve as a stepping stone to enter the futures industry, but also improve its own knowledge system. Some futures companies regard CFA holders or passing CFA exams at certain levels as the necessary entry conditions for some core positions.
Economics, derivatives, quantitative discipline, alternative investment and portfolio management in CFA subjects are closely related to futures business.
CFA cultural direction
CFA trains financial investment and analysis talents. Among them, there are two main directions for comparison:
First, the direction of investment analysis, commonly known as the seller, can go to investment banks, brokers to do investment analysis, do industry research and so on; Analysts of well-known investment banks and securities firms have higher salaries, so they have stricter requirements on the comprehensive ability of practitioners.
Many investment banks and brokers regard CFA as one of the qualifications when recruiting analysts.
The second is the direction of asset management and investment management, also known as the buyer. Holders can go to fund companies as fund managers and do portfolio management.
Searching the major recruitment websites on the Internet, I found that CFA certificate is regarded as a bonus certificate to prove the ability of job seekers in many companies, and there are many positions involved.
Financial manager, bank manager, researcher, fund manager, investment director/manager, CRO (Chief Risk Officer), investor relations supervisor, etc.
CFA trains financial investment and analysis talents. Among them, there are two main directions for comparison:
First, the direction of investment analysis, commonly known as the seller, can go to investment banks, brokers to do investment analysis, do industry research and so on; Analysts of well-known investment banks and securities firms have higher salaries, so they have stricter requirements on the comprehensive ability of practitioners.
Many investment banks and brokers regard CFA as one of the qualifications when recruiting analysts.
The second is the direction of asset management and investment management, also known as the buyer. Holders can go to fund companies as fund managers and do portfolio management.
Learning CFA should not be limited to obtaining the certificate itself. In this process, you will form a way of thinking and use these logics and methods to solve some problems in work and even life.