Employment prospect of CFA three-level certification
After CFA level 3, you are equivalent to a professional portfolio manager and quantitative analyst. If you have relevant work experience, your work scope can include: fund manager, securities analyst, chief financial officer, investment consultant, investment banker, trader, etc.
You can apply to become a CFA holder by passing CFA Level III and meeting other conditions. When you have CFA certificate, you are more advantageous and competent than others in promotion and salary increase. Insurance, futures, securities, investment banking and other jobs, the annual salary can be as high as one million, you can enter the Wall Street financial center.
Therefore, if you want to pass the CFA exam to make your advantages more obvious, it is better to insist on passing the Level 3 exam and get the CFA certificate. In fact, although CFA exam is relatively difficult, it is only because the knowledge involved will be extensive, so it is inevitable to pass the exam as long as you study hard. Of course, a good study method is the magic weapon to pass CFA exam, and those bad study habits should also be avoided.
Cfa level 3 difficulty
Cfa Level 3 is to write a composition in the morning exam, including IPS, calculation, short answer and so on, which is the focus of most candidates in China. Most candidates failed in the exam because the papers in the morning were not satisfactory.
(1) The most difficult thing in CET-3 is your English writing level. Can you meet the requirements of CFA?
(2) Due to the complex knowledge system, CFA Level 3 is more extensive and less common than Level 1 and Level 2, involving behavioral finance, individual and institutional investors, valuation, derivatives, performance evaluation and GIPS.
(3) There is not enough time and energy to review and prepare for the exam. The knowledge system is vast, and the time required for each subject is greatly increased. I have to have a deep understanding of the knowledge points and be proficient in using them.
How to get the certificate after CFA level 3 passes?
After passing the CFA Level 3 exam, candidates also need to meet the following requirements to obtain the certificate:
1, submit 2-3 professional letters of recommendation.
CFA candidates need to find 2-3 referees to submit letters of recommendation for themselves. If only two referees are found, one of them must be a member of the local CFA Institute. In addition, it should be noted that the recommendation letter must include the evaluation of the candidate's own work experience, occupational character and other factors.
2. Get qualified work experience.
CFA Institute requires candidates to meet the following requirements to gain work experience:
(1) Nature of work: Must be engaged in work related to investment analysis or providing added value for the investment analysis process;
(2) Working hours: Applicants are required to engage in the above work, and they are required to obtain at least 4,000 hours of relevant working hours within three years.
3. Become a full member of CFA.
CFA members include ordinary members and affiliated members. If you want to become a CFA holder, you must obtain full CFA membership.
After becoming a CFA member, candidates also need to pay the membership fee on time, of which the annual fee of CFA Association is $275, which is charged in proportion to the members who join for the first time, and the membership fees of local associations are paid according to the requirements of different societies.