CFA is the abbreviation of "Certified Financial Analyst" or "Chartered Financial Analyst", which is an internationally accepted professional qualification certification for financial investment practitioners. It is the highest certification of the financial securities industry in the United States and even the world, and it is also a necessary certificate for analysts of American heavyweight financial institutions. CFA is accredited by CFA Institute (formerly known as Investment Management and Research Association) headquartered in the United States. CFA exam has gone through nearly 40 years since the first exam in the mid-1960s. At present, CFA has undoubtedly become the first certification system of global finance, the financial concept promoted by CFA has become the industry standard, and CFA qualification has been widely adopted by the world's top financial institutions as the main human resource evaluation standard. Chartered financial analysts have developed rapidly around the world, which CFA Association attributes to the global applicability of CFA knowledge system, the strictness of examination and the high standards of professional ethics. In short, CFA qualification has become a recognized yardstick for measuring the level of employees in the financial market.
CFA Institute is a global non-profit professional organization, which is responsible for holding CFA examination courses around the world and setting voluntary and ethical standards for professional and investment performance reporting for the investment industry. CFA Association has nearly 65,438+000,000 members in 65,438+025 countries and regions around the world, including 85,000 CFA licensees and 65,438+032 member associations in 53 countries and regions. CFA Institute aims to lead the global investment industry by establishing the highest professional ethics, education level and professional demeanor.
Why do you want to be a CFA franchisee?
CFA is known as the "golden collar class" in the investment and financial circles, and has always been regarded as the "admission ticket" to Wall Street in the west. Many investment management institutions in the United States, Canada, Britain and other countries have even regarded CFA qualification as the basic requirement for employees to join the company. CFA's global recognition will immediately let your employer know the extent and depth of your knowledge of financial markets. You will effectively learn how to analyze stocks, bonds, derivatives and financial ratios to strengthen your working ability in the financial investment industry. Usually, your value after obtaining CFA will be reflected in the income level given to you by your employer. Therefore, CFA has long been regarded as an MBA in the field of financial investment, and it is more sought after in the global financial market. I hope CFA qualification is a very wise choice for people in the field of financial investment. Li Yining, a famous economist in China, also believes that CFA qualification is internationally accepted and the most authoritative industry standard in the field of financial analysis.
In recent years, more and more people have taken CFA (Certified Financial Analyst), and everything has come naturally. The popularity of CFA is definitely due to the rapid development of global finance, which determines its great help to employment, as well as the incomparable high salary and decent work nature after employment! The growth of the world financial market has brought unprecedented demand for qualified investment professionals. More than ever, investors and employers need a standard to measure individuals' knowledge, integrity and professional level in order to trust them to manage financial assets. This standard is a chartered financial analyst and a registered financial analyst.
CFA Authority: AIMR, the institution that holds CFA exams, has a long history and a distinguished reputation. Financial Analyst Magazine, an investment magazine founded by Aimr, is regarded as the world's highest-level magazine in the field of applied finance and investment, with high citation rate and influence.
The uniqueness and standardization of CFA: There are several authoritative exams in accounting and actuarial examinations all over the world (SOA in the United States and FIA in the United Kingdom for actuarial, ACCA in accounting, CPA in the United States, etc.). ), but there is only one authoritative exam in the investment world. With CFA, you can get employment in some foreign regions.
CFA Career Development Prospect: Creating a "Golden Life"
The acceleration of world economic integration and the vigorous development of global financial markets have brought a great demand for financial investment practitioners, especially professional analysts who are proficient in investment management and capital market operation. More than ever, investors and employers need a standard to measure individuals' knowledge, integrity and professional level in order to trust them to manage financial assets. This standard is chartered financial analyst-chartered financial analyst. CFA charter awards all kinds of professionals who participate in the financial investment decision-making process, including fund managers, securities analysts, investment consultants, chief financial officers and so on. It requires candidates to master strict and extensive course knowledge, including various fields related to investment, such as financial analysis, asset evaluation, portfolio management, asset allocation and so on. Then, candidates must pass the Level 3 exam to demonstrate their ability to apply this knowledge to practical situations, so as to meet the job requirements of financial institutions such as banks, insurance, securities and funds.
At present, when recruiting personnel, international financial enterprises pay more attention to whether they have CFA qualifications. For example, job advertisements usually include "CFA priority" or "CFA candidates, first-class or second-class priority". Analytical skills-quantitative is highly desirable. " From these aspects, we can see the degree of recognition of CFA by employers. Because the salary level is often the best reflection of the job market, the high salary of CFA holders fully reflects the value recognition of CFA certificates by the financial industry. Since 1963 gave birth to the first certified financial analyst, CFA qualification certificate has become a symbol of the career model of people engaged in investment industry all over the world. Internationally renowned enterprises and investment institutions regard CFA qualification as the best standard to measure the professional level and professional ethics of professional investors. As a shortage of talents, CFA has only more than 50,000 certifications in the world, so CFA has an enviable high income:
CFA annual income statistics (unit: USD): USD 65,438+900,000; 200,000 in Britain; Singapore 1 1.3 million; Hong Kong136,000; Canada 10.8 million; The global average is178000.
Comparison of annual income between CFA and MBA (unit: USD): the average annual salary of Harvard MBA in the United States is 6.5438+0.28 million, and that of CFA in the United States is 6.5438+0.9 million.
There is no doubt that CFA is of great help to employment and is also beneficial to effective promotion. CFA exam has a wide range and a deep level. Those who pass the Level 3 exam must have a thorough understanding of investment knowledge. Because of this, enterprises often regard CFA as one of the standards to measure the ability and professional quality of employees, and some even regard it as one of the prerequisites for managers' evaluation.
CFA Examination and China's Career Development
CFA exam has entered Chinese mainland since 2000. Its registered institution is the Ministry of Labor and Social Security of People's Republic of China (PRC), and it was authorized in September 2002. Its partner institution is the Modern Finance Research Center of Shanghai Jiaotong University. According to the requirements of the Ministry of Labor, CFA licensees in Chinese mainland will receive CFA certificates in both Chinese and English from June 5, 2004+February 38, 2004. The Chinese version of the certificate has been certified by the Ministry of Labor, aiming at protecting the legality of CFA exam in China and providing online search function for the Chinese version of the certificate.
The financial analyst qualification examination is called "the first examination of global finance". According to reports, chartered financial analyst is a professional title generally recognized by the securities investment and management circles in the world today. At present, there is a shortage of senior financial talents in China, and there is a huge gap between supply and demand of financial analysts. Taking Shanghai as an example, it is predicted that the CFA demand in the next three years will be 5,000 people, while at present it is only 1 1,000 people. These CFA holders have been robbed by many domestic and foreign financial institutions, and their annual salary is usually very high. "Because of this, the domestic craze for chartered financial analysts is heating up, and the number of people applying for CFA is also increasing year by year. According to statistics, in June, 2008, more than 65,438+00,000 candidates registered for CFA exam in Chinese mainland, an increase of more than 30% over the same period last year. These figures show that more and more financial institutions realize the importance of cultivating CFA talents, and also reflect that financial practitioners realize that CFA titles are a golden signboard for personal career development.
In Chinese mainland, it is even more difficult for many investment banks, fund management companies and securities companies to find analysts. According to the survey, since 2005, with the continuous development of domestic financial securities market, more and more chartered financial analysts are active in the domestic financial investment stage, and many of them have held important positions such as fund manager, investment director, research director and financial director.
CFA exam qualification
CFA exam is divided into three stages: Level 1, Level 2 and Level 3. Only by passing the previous stage of the exam can you take the next stage of the exam. The first-level examination is held once a year in June and 65438+February; Level 2 and Level 3 exams are held simultaneously in June every year. Participants in the first-stage examination must meet the following conditions:
1) Bachelor degree or above with equivalent professional level, regardless of major;
2) The total number of years of university study and full-time work experience is four years;
3) If the applicant does not have a bachelor's degree, but has a considerable professional level, he can also be admitted as a candidate. CFA Institute uses work experience to evaluate the professional level of applicants. Generally speaking, four years of work experience is considered as a substitute for a bachelor's degree. These four years of work experience is not necessarily related to investment, as long as it is legal, full-time and professional;
4) Fourth-year college students can take the exam in the last academic year.
CFA exam subjects
CFA course is based on the practice of investment industry. CFA Institute regularly conducts career analysis of global chartered financial analysts to determine whether the investment knowledge system and skills in the course are important in the work practice of chartered financial analysts.
The main body of examinee KnowledgeTM mainly consists of four parts: ethics and professional standards, tools and factors of investment evaluation and management (including quantitative analysis methods, economics, financial statement analysis and corporate finance), asset evaluation (including stocks, fixed income products, derivative products and alternative investment products), portfolio management and investment performance report.
CFA Level 1 exam focuses on the tools and factors of investment evaluation and management, including the introduction of asset evaluation and portfolio management skills.
CFA Level 2 exam focuses on asset evaluation and the application of its tools and factors (including economic and financial statement analysis and quantitative analysis methods).
CFA Level 3 exam focuses on portfolio management, including strategies for applying factors and tools, and asset evaluation models for individuals or institutions that manage stock securities, fixed-income securities, derivatives and alternative investments.
All three levels of CFA exam course emphasize moral and professional standards.
Knowing what CFA is, you will determine your own industry needs.
PICC does not necessarily need a court of final appeal, but having a court of final appeal is a stepping stone to PICC.
However, according to the increasing international demand for employees in the financial field, it is necessary to introduce such comprehensive disciplines, so please pay more attention to the needs of various disciplines, because they are also interrelated/have a more detailed explanation above, so you can refer to them.