What kind of certificate is cfa? This is probably a question that many partners will ask when they first know cfa certificate. So what kind of certificate is CFA? What's the use?

CFA is the abbreviation of Chartered Financial Analyst, which is a professional qualification title in the field of securities investment and management, and was founded by the Chartered Institute of Financial Analysts (ICFA) in the United States.

the college was first established in June 1959 by the American Association of Financial Analysts (FAF) in Charlottesville, Virginia, jointly with the University of Virginia.

CFA is the most stringent and high-gold qualification certification in the global investment industry, which sets norms and standards for the global investment industry in terms of ethics, professional standards and knowledge system. In 26, Financial Times magazine compared CFA professional qualification to the "gold standard" of investment professionals.

CFA international recognition

The Securities and Futures Commission (SEC) of the United States recognizes CFA franchise qualification as equivalent to the seventh series (Series 7) legal qualification of American securities practitioners.

The new york Stock Exchange (NYSE) of the United States gives CFA chartered holders the professional qualification of American securities analyst only by taking the securities rules part of the securities analyst examination.

The American Institute of Accountants (AICPA) only needs to take the half-day exam of Accredited in Business Valuation held by them to give CFA chartered holders the professional qualification of Business Valuation (ABV) of AICPA.

The Securities and Investment Association of the United Kingdom (SII) gives CFA charter holders the right to directly obtain the membership (MSI) of the Securities and Investment Association of the United Kingdom (SII) or meet the relevant experience requirements to become a Senior Member (FSI).

CFA exam is divided into three different levels, namely Level I, Level II and Level III, which need to be tested step by step.

CFA exams are held in all locations around the world, and each candidate must complete three different levels of exams in turn. CFA exam is conducted in English, and candidates should not only have financial knowledge, but also have good English reading ability. Successfully passing CFA course is an achievement, which can win the high respect of employers, investors and the whole investment community.

CFA exam subjects

professional ethics, quantitative analysis, economics, financial statement analysis, corporate finance, portfolio management, equity investment, fixed income investment, derivative investment and other investments.

CFA levels focus on content

CFA Level 1 (knowledge/understanding): CFA Level 1 exam focuses on investment tools, financial statement analysis and investment analysis management foundation, so that candidates have a basic knowledge system of financial investment analysis.

according to the requirements of the syllabus, find out the key points and difficulties of the exam and break through them one by one. Judging from the proportion of scores, accounting, mathematics, asset pricing, ethics and other subjects are more important. Finding these important subjects combined with teaching materials will make it easier to prepare for the exam.

CFA Level 2 (Valuation/Analysis): CFA Level 2 exam focuses on asset evaluation and analysis, stock valuation, fixed income and derivative investment, and examines how to effectively price products and analyze portfolio according to cases. The examination form is to analyze the changes of investment performance and income for cases.

cfa Level 2 is based on Level 1 study, and it can be passed as long as candidates carefully prepare for the exam.

CFA Level 3 (Comprehensive/Application): CFA Level 3 exam focuses on portfolio management, investment performance analysis and financial management, and requires candidates to be familiar with asset pricing and investment performance analysis, and be able to write investment reports independently. The exam form is to analyze investment performance and write investment analysis reports independently according to the requirements of examples.

(Essay in the morning, multiple-choice questions in the afternoon)

In addition, Fintech, a financial technology, was added to the CFA exam in 219.

Fintech(Finance+Technology) is the development of Internet technology, and artificial intelligence, cloud computing and other technologies have been introduced into the financial field, which will reduce costs and improve efficiency for enterprises, and will be the direction of future financial development and change. Financial technology pays more attention to the application of technology and makes technology serve finance. It has a far-reaching impact on financial markets, financial institutions and the way financial services are provided.

Fintech is a wide range of subjects. According to Lisa Plaxco, Chairman of CFA Department, Fintech technology will be divided into four groups:

The first group includes: financial analysis, big data analysis, artificial intelligence, machine learning and algorithmic securities trading.

the second group includes: the influence of technology on portfolio and asset management, especially the reference of robot suggestion system.

the third group includes: peer lending, shadow banking and the rise of mass fundraising. Focus on how money flows into the economic system.

the fourth group includes: market infrastructure, mobile payment, blockchain technology, high-frequency transactions, bitcoin and other payment systems, and how regulators use technology to check.

The world-famous institutions with the largest number of p>CFA employees include: Goldman Sachs, Morgan Stanley, J.P. Morgan, Citigroup, Moody's, Deutsche Bank, Barclays Bank, Credit Suisse and UBS, PricewaterhouseCoopers, and domestic top investment banks such as CICC, CITIC, Galaxy Securities, Guotai Junan, GF Securities, Huatai Securities, Everbright Securities, Guoxin Securities, Bank of China International Securities, etc. In 21, all the newly promoted top five executives are CFA holders, and CFA has become the standard of competency in China.

CFA's career direction includes: investment bank manager, fund manager, financial manager, project director, chief executive officer, fund analysis executive, fund management director, audit project manager, chief executive officer, tax manager, financing manager, chief cashier, chief financial officer, senior financial settlement manager, senior investment analysis manager, financial accounting supervisor, senior financial settlement manager, securities analyst, chief financial officer, investment consultant, investment banker.

After applying for cfa, no matter how many levels of exams you have passed, CFA is a plus item for job hunting when you go for an interview, especially for those job seekers with no relevant experience, which can at least make you not be easily brushed off at the resume, and at the same time gain some basic trust during the interview.

From the perspective of job hunting, cfa certificate is useful (you can master the core knowledge framework of cfa and apply it skillfully, rather than doing a few questions). CFA certificate can prove that you are capable.

related CFA content is recommended for reading.