CFA is the abbreviation of "Certified Financial Analyst" or "Chartered Financial Analyst". It is a professional qualification title in the field of securities investment and management. It is sponsored by "CFA Institute" in the United States, and CFA examination has gone through nearly 6 years since it took 9 exams in the mid-196s. CFA exam is divided into three levels, each level gives questions separately, and each level test is divided into three hours in the morning and three hours in the afternoon. Candidates can only choose one level test at a time. It takes at least three years for candidates to pass the qualification examination, and the examination content is relatively difficult. However, due to the authority, influence and long history of the CFA sponsor "Financial Analysts Association" and the generous treatment after obtaining the qualification, candidates are eager for it. The importance and market value of CFA are obvious, but not everyone is suitable for the exam. Does everyone have a very correct understanding of CFA? After induction and analysis, we preliminarily divided them into nine types:

1.MBA (Master of Business Administration), MS in Finance (Master of Finance) and MS in Financial Engineering (Master of Finance Engineering):

This group of people invested one to two years to get an MBA, a master of finance or a master of financial engineering, but if they want to work in an asset management company, it seems that CFA is better. At present, there is a surplus of MBA talents. If it is not a good school, it will be difficult to be competitive in the workplace. However, the students majoring in finance or financial engineering in the graduate school are too partial to mathematical analysis and lack complete training in financial statement analysis and other macro subjects, so they are relatively inflexible in career choice.

2. Competent authority:

In an advanced financial market, the competent authority must be no worse. Only with advanced financial commodities can there be advanced legislation and administration. Similarly, only when there is an open securities authority that constantly pursues new knowledge can there be a lively and diversified securities market and commodities.

3. Students:

Nowadays, students are facing greater competition than before. For the junior and senior students studying in business schools, it may not be the *4 choice to take the postgraduate exam. Having a globally recognized advanced financial license is the guarantee of employment. Students have the most time. When you are at a loss about the future, taking the CFA exam is equivalent to opening a window for your career in the next few decades. Nowadays, many students understand the value of CFA, so they all regard CFA exam as the *6 goal of research photos.

4.FRM (Financial Risk Manager):

Since p>CPA (Certified Public Accountant) has passed FRM, it means that you have a good understanding of quantitative statistics, bonds and derivative financial products, and the chances of passing CFA again are quite high, and the more room you can play in the workplace. For CPA, if you feel that the work of an accounting firm is too busy and lacks challenges, you can choose to take CFA, which will add points to your own workplace and highlight your difference from other accountants.

5. Financial supervisor:

When all your subordinates have CFA certificates, the supervisor should also have one! At least you have passed CFA *9, and you can understand you better? Neon contracture? What's the reason for the decision? (because everyone has read CFA textbooks). Moreover, CFA exam attaches importance to Ethics, and it is also a good thing for the whole department that all colleagues in a department act in accordance with the interests of customers.

6. Banking Financial Specialist:

To increase your confidence and trust in customers, just having a few domestic licenses is not enough to make you stand out. Your client is much richer than you, and more experienced than your life. How can you make him trust you to manage the money? Before he decides to give it to you, you must first invest in the global *6 license. Besides, if you want to take the CFP (Certified Financial Planner) in the future, if you already have a CFA license, you can take the CFP exam directly without taking credit classes, which can save you money and precious time for one and a half years.

7. Researchers, analysts and fund managers:

This group of people certainly need CFA, because CFA certificates are guys who eat, and every researcher, analyst and fund manager's business card bears the word CFA, which is glamorous. When many fund managers look at the research reports at home and abroad, they will find that the word CFA is beside the author's name, which represents a profession, and traders need this profession themselves, so as to collide with a more beautiful spark. CFA is definitely not a fad, nor is it a crash. Asset management is a lifelong career, so lifelong learning is really necessary, and CFA is only an important part of lifelong learning. Here, it is especially recommended to look forward to being in an asset management company or an investment bank for a long time, and you may wish to choose to take CFA early. On the one hand, you can prove to your boss that you are serious, and on the other hand, studying CFA textbooks is also very helpful for your career. In the United States, if you don't graduate from the top ten MBA schools and want to go to Wall Street, *4 you have passed the CFA*9 exam, otherwise it will be difficult to get an interview. Moreover, a lot of information in the financial market is communicated in English, and CFA is used to cultivate the strength of English, so we can eat two fish.

8. Domestic securities analysts:

This group of people have passed the securities analyst exam, and their strength is extraordinary. However, after all, the examination subjects of domestic securities analysts are partial to the system and regulations, and they can't fully grasp the new knowledge of the securities industry. Many people who are already qualified as

securities analysts still choose to apply for CFA.

9. Banking and securities salesman:

Putting CFA on a business card can create five minutes of marketing value and make customers have a good impression of your *9. Admittedly, you don't have to be engaged in research to get into CFA. If you can serve in the securities brokerage business department or the bank lending department and get in touch with existing valuable customers, you can use the knowledge learned by CFA to give full play to your strengths.

CFA exam has a wide range and deep levels, so it is difficult, and the average pass rate of each level is about 57%. Those who pass the three-level examination after screening at different levels often have a thorough understanding of investment knowledge. Because of this, companies often regard CFA as one of the standards to measure the ability and professional quality of employees. It can prove your knowledge of financial knowledge in North America, and employers such as banks, investment and insurance in North America will not worry about the understanding gap between East and West due to your lack of working experience in North America. Therefore, if you are interested in working in a financial institution in North America, or want to improve your financial investment expertise, get promoted in the company, or are interested in expanding your own knowledge of investment and financial management, it will be a good way to get CFA.