As a necessary stepping stone for the fund industry, how valuable is the fund practitioner qualification certificate?
A star-studded exam
The Fund Practitioner Examination is the only exam with a star-studded cast. In 2016, there was a lively scene of private equity tycoons and celebrity investors applying for fund qualifications. By the end of September that year, the cumulative number of applicants reached 1.16 million, and more than 2.05 million people applied for the exam. The well-known celebrity Hu Haiquan and CCTV celebrity Zhang Quanling are candidates for the fund industry. As big names in the investment industry, they know the importance of fund industry qualifications for future development.
As a necessary certificate for getting started, the professional qualification certificate is definitely not as valuable as advanced professional certificates such as CFA. However, in the past two years, as the supervision of the fund industry has continued to strengthen, the fund qualification certificate has become an alternative, with the maximum guakao fee being as much as 100,000.
There is a huge shortage of practitioners
The extraordinary expansion of the fund industry in recent years has driven an increasing demand for fund practitioners, and practitioners have become a veritable "hot commodity."
Nearly all those who enter the fund industry are high-paying people, and the financial industry has broad employment prospects. Therefore, it is inevitable that there will be uneven professionalism and professionalism among employees. If we want the industry to develop healthily, stably and sustainably, we must Set up relatively strict entry thresholds, select the best from the best, and eliminate the worst.
In the future, in order to better serve economic development, we have reason to believe that the gold content of the fund industry will further increase!
The value of certificates is increasing
On February 5, 2016, the Asset Management Association issued the "Announcement on Further Regulating Certain Matters Regarding the Registration of Private Equity Fund Managers", commonly known in the industry as the "New Registration Regulations" , stipulates that fund practitioners must hold a fund practitioner qualification certificate. In other words, if you want to develop in-depth in the fund industry, you will not be able to gain a foothold in the financial industry without passing the fund practitioner qualification examination.
In addition to fund companies, practitioners in fund-related structures need to obtain and apply for fund qualifications, including: commercial banks (including foreign corporate banks in China), securities companies, futures companies, insurance institutions, securities Management personnel, business personnel, and marketing personnel in investment consulting agencies, independent fund sales agencies, and other institutions recognized by the China Securities Regulatory Commission.
In the face of such policies and regulations, there is a huge gap in fund qualification certificate holders. However, the pass rate of the Fund Practitioner Qualification Examination is not high. Therefore, as an admission certificate to the fund industry, the value of the Fund Practitioner Qualification Certificate has also increased, and even the guakao fee is astronomically high.