It's hard to say whether it's good or bad.

We have compiled a set of electronic CFA exam preparation materials for you. There are many CFA exam materials for you to choose from.

And it is a benefit for office workers. You can take out your mobile phone on the subway to read >>CFA electronic version preparation materials. People suitable for CFA include fund managers, securities analysts, financial directors, investment consultants, investment bankers, and traders.

etc.

Because its examination scope includes investment analysis, portfolio management, financial statement analysis, corporate finance, economics, investment performance evaluation and professional ethics.

In the financial investment industry, the recognition of the CFA certificate is unique. It focuses on financial market knowledge, including stock and bond analysis, financial statement research, futures options, portfolio analysis and asset evaluation, etc.

It is also a strict and valuable qualification certification in the global investment industry. It has set standards for the global investment industry in terms of ethics and knowledge systems. It is the gold standard for major financial institutions around the world to find "maximum talents" in the investment industry.

FRM is suitable for risk control personnel of financial institutions, financial unit auditors, asset managers, fund managers, financial traders (brokers), investment bankers, commercial banks, risk technology players, risk consultants, corporate accounting and audit departments

, CFO, MIS, CIO, most of them mainly serve large enterprises and financial industry workers.

In particular, more and more financial institutions are giving priority to those with FRM qualifications when recruiting for risk management-related positions.

Compared with CFA and FRM, which one is more difficult?

The difficulty of the two exams is very different.

CFA requires 4 years of work experience and 3 exams. If you pass Level 3 in one go, it will take 2.5 years (assuming half a year of review for Level 1); while FRM financial risk managers only need 2 years of relevant experience and 1 exam (Part 1/2 is OK)

The exam was completed in one day).

Therefore, for men in science and engineering who hope to change careers/employ/prove themselves through one exam in a short period of time, the FRM exam seems to be more cost-effective.

But if you simply want to learn some financial knowledge and don’t want to sacrifice too much leisure time, it doesn’t matter whether you have a CFA or FRM certificate. I only recommend you to take the CFA Level 1 exam because it is a popular science-level financial knowledge.

Very comprehensive.

FRM is biased towards risk management: quantitative (quantitative) has a greater proportion.

The explanation of market/operation/credit risk in FRM is more in-depth.

The Basel Accord part of FRM may not be used outside commercial banks, but commercial banks very much welcome people with Basel Accord experience.

CFA is biased toward investment: more comprehensive, including financial analysis, stock investment, economics, professional ethics, etc. that FRM does not have.

The knowledge points contained are several times that of FRM, but for a fund manager, these are necessary knowledge.

In addition, the ethics part in CFA may seem useless, but it is actually a very good knowledge point for understanding Westerners’ professional outlook.

Difficulty analysis of FRM and CFA: From the examination subjects of CFA and FRM, FRM is divided into two levels and has 9 subjects, and they are all different.

CFA is divided into three levels. The subjects of the CFA Level 1 and Level 2 examinations are generally the same, but the weights are slightly different. Some subjects of the CFA Level 3 examination are not examined, but the examination of key subjects is added.

Generally speaking, FRM is an in-depth study of financial risk management, while CFA is a test of knowledge about the entire financial market. Each has a different focus, but both are very difficult.

Analyzing the pass rates over the years, the pass rate for the CFA Level 1 exam in December 2017 was 43%, while the pass rate for the FRM Level 1 exam last November was only 42%, the pass rate for the CFA Level 2 exam in 2017 was 47%, and the pass rate for the Level 3 exam was only 42%.

It was 54%; the passing rate of FRM Level 2 in November last year was 52%.

Overall, it is a relatively difficult exam, there is no doubt about it.

In terms of actual content examination, the CFA examination is relatively detailed and focuses on basic knowledge with a lot of content. CFA Level 3 is recognized as difficult. It takes 2.5 years at the fastest to pass all subjects. The official average is

The passing time is 4.5-5 years; questions about the FRM exam mechanism can be taken at the same time, so you can pass the exam in half a year, which is indeed faster.

However, in terms of specific knowledge and application difficulty, many people believe that FRM risk management is more difficult than CFA, because the quantitative application of risk management usually needs to be combined with statistical software such as SAS, R, and VBA. It can be said that the application difficulty and threshold are higher.

It will be more valuable to take the FRM and CFA exam together. Many of the knowledge in FRM Level 1 echoes CFA Level 1 and Level 2. If you have passed CFA Level 2 and then take the FRM Level 1 exam, the required preparation time will be used.

rare.

After taking the FRM exam, it will be of great help to CFA Level 3. The knowledge involved in portfolio management, performance evaluation, and risk are all described in the FRM.

I would like to recommend a senior student who has passed the CFA exam. You can consult her about anything you don’t understand about the CFA exam.