What are the requirements of CFA holders?
There are three conditions for applying for CFA holder, which are indispensable.
1, and passed the CFA Level 3 exam in turn;
2. Have working experience that meets the requirements;
3. There are two or three referees;
(1) The applicant can give priority to his direct supervisor as the referee, or choose other referees to describe and prove the responsibilities of the applicant in the investment decision-making process;
(2) referees will be required to evaluate the applicant's work experience and professional quality;
(3) Applicants cannot be their own referees.
If one of the referees holds a valid membership of the local CFA Holder Association, the applicant can provide the information of two referees. Otherwise, you need to provide the information of three referees.
After meeting the above conditions, a CFA holder who applies for CFA in official website can become a CFA holder. In addition, if you want to keep your CFA holder status, you must pay the membership fee on time every year.
CFA full membership application conditions
1, with a bachelor's degree or equivalent professional level.
2. I have joined the CFA Association branch and become a full member of the branch.
3. Need 48 months of work experience, and invest more than 50% of working time.
4. Three qualified referees.
5. At least pass CFA level 1 (or CIPM level 2, or pass the RBA Dutch exam, or the professional standard exam organized by the association).
Overview of CFA certification prospect
CFA trains financial investment and analysis talents. Among them, there are two main directions for comparison:
1, investment analysis direction
Commonly known as sellers, you can go to investment banks and brokers to do investment analysis, industry research and so on; Analysts of well-known investment banks and securities firms have high salaries and strict requirements on the comprehensive ability of practitioners. Many investment banks and brokers regard CFA as one of the qualifications when recruiting analysts, and it is difficult for those without certificates to enter important positions in this field.
2. Asset management and investment management direction
That is, we commonly call the buyer, and the holder can go to a fund company to be a fund manager and do portfolio management.
According to the data surveyed by CFA Institute, JPMorgan Chase (JPMorgan Chase), UBS, Royal Bank of Canada (RBC), BAML (Bank of America Merrill Lynch), HSBC and Wells Fargo are all major employers, each with more than 1000 licensees. In addition, the number of CFA holders employed by these companies is increasing every year.
Of course, in other financial fields, CFA is also highly recognized, which is almost an all-round certificate of the financial sector. Employers hope to recruit talents who not only have good financial knowledge, but also have excellent financial quality, practical analysis ability and strict professional ethics, which are precisely the goals of CFA talent training.