It is very helpful for working people to take the CFA certificate when switching to the financial industry. CFA is a more stringent and valuable qualification in the global investment industry. It is known as the first international financial certificate and the ticket to Wall Street. For those who want to enter the financial field across industries, CFA provides a systematic financial learning program, which covers a wider range of knowledge than similar certificates, and has considerable coverage of various sub-sectors of the financial industry.
There are many sub-fields in the financial industry, which can be divided into: banks, securities, insurance, trusts, futures, and funds. Working people can seek satisfying job opportunities in the following major industries!
Is CFA useful for bank practitioners?
Nowadays, the words CFA and FRM certificate holders are preferred in the recruitment information of many banks and investment banks, and the leaders or employees of important departments of major banks are all CFA certificate holders. It can be seen that obtaining the CFA is very important for staff. It will also be of great help to them in finding employment in the future, and it will also provide a good opportunity to expand their network while studying.
Is the CFA certificate useful for securities analyst positions?
The first is the academic requirements, among which macro analysis and strategic analysis have the highest academic requirements. Generally speaking, macro and strategy require a PhD degree. Industrial studies generally require a master's degree. Quantitative analysts generally require a background in mathematics and science and engineering, as well as relatively strong mathematical analysis capabilities. Moreover, industry analysts prefer compound talents, hoping to have industry work experience or academic background in related industries. Investment banking is the most demanding position. On the one hand, it requires high financial and accounting knowledge, on the other hand, it also requires industry knowledge, and it also requires certain communication skills. For those who want to transition into a research institute, financial and accounting knowledge is particularly important. Whether they are macro analysts, industry analysts, or quantitative analysts, they all have relatively strict requirements for knowledge in the financial field.
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, the CFA certificate is specially created for analysts. The institute's business involves a wide range of activities and requires the establishment of a complete financial knowledge system. The various disciplines in the CFA certificate cover a large area of ??theoretical knowledge and business lines in various fields of finance. Learning CFA is of great help to those who are working in the financial industry. At the same time, the CFA certificate has high gold content and can be used as a stepping stone and bonus point for changing careers. Other accounting certificates will also be helpful.
Finally, you need to plan your own transformation path based on your own personality characteristics. If you have a calm personality and like to study academics, you can develop into a back-office position; if you are interested in supervision and have certain legal knowledge, you can also develop into a risk control position; if you have a cheerful personality and like to communicate with others, you are more suitable to develop in a front-office position.
Is CFA useful for employment in public funds?
The work experience of a fund manager in the fund or investment industry is a very valuable asset. Generally speaking, an excellent fund manager has 6-10 years or even longer experience in the securities industry or investment. .
The important job of a fund manager is to analyze corporate financial statements and discover the company's investment value among the numerous assets, equity, profits and cash flow data. For this job, corporate accounting, financial mathematics, business statistics, corporate financial management, money and banking, financial markets and financial institutions, international finance, securities investment analysis, financial law, corporate finance, financial derivatives, etc. are all must-know. of.
Most of this knowledge is covered in the CFA examination points, which is why CFA is called the "cradle of fund managers." Of course, in addition to financial knowledge, industry knowledge is also very important. If the working person already has more experience in the original industry, then CFA will be the most powerful stepping stone to transform the financial industry. Currently, many positions in fund companies regard CFA as a priority and necessary condition for admission.