CFA is the abbreviation of "Chartered Financial Analyst". It is a professional qualification title in the securities investment and management industry. It was initiated and established by the "Chartered Financial Analyst Institute" (ICFA) in the United States.
It has established norms and standards for the global investment industry in terms of ethics, professional standards and knowledge systems.
The college was originally established in June 1959 by the Financial Analysts Federation (FAF) in Charlottesville, Virginia, jointly with the University of Virginia.
CFA recognition status: The U.S. Securities and Exchange Commission (SEC) recognizes that the CFA charter qualification is equivalent to the Series 7 legal qualification for U.S. securities practitioners.
The New York Stock Exchange (NYSE) in the United States allows CFA charter holders to obtain the professional qualification of a Supervisory Analyst by simply taking the securities rules part of the Supervisory Analyst Examination.
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The American Institute of Accountants (AICPA) allows CFA charter holders to take the half-day exam of Accredited in Business Valuation held by them, so that they can obtain the business value assessment professional of the American Institute of Accountants (AICPA).
Qualification (ABV).
The British Securities and Investment Institute (SII) allows CFA charter holders to directly obtain membership (MSI) of the British Securities and Investment Institute (SII) or become a senior member (FSI) by meeting relevant experience requirements.
CFA exam content: CFA Institute regularly conducts career analysis of chartered financial analysts around the world to determine whether the investment knowledge system and skills in the course are important in the work practice of chartered financial analysts.
The candidate's Body of KnowledgeTM (knowledge system) mainly consists of four parts: ethics and professional ethics standards, investment tools (including quantitative analysis methods, economics, financial statement analysis and corporate finance), asset valuation (including equity securities products)
, fixed income products, financial derivatives and other investment products), portfolio management and investment performance reports.
The CFA Level 1 exam curriculum focuses on tools for investment evaluation and management and also includes an introductory introduction to asset valuation and portfolio management techniques.
The Level 1 exam is in the form of Multiple Choice, with 120 questions in each paper and 240 questions in each paper; the CFA Level 2 exam course focuses on asset valuation and the application of investment tools (including economics, financial statements
analytical and quantitative methods).
The Level 2 exam is in the form of multiple choice questions (Multiple Choice), with 60 questions in each paper, with a maximum of 120 questions; the content of the CFA Level 3 exam is a comprehensive summary of the content of the first two groups.
The format of the Level 3 exam is divided into two parts. The morning part includes short answer questions and calculation questions. The afternoon part is consistent with the Level 2 format. It has 10 item sets, each with 6 small questions, ***60
Question; the registration time for each level of the CFA exam is divided into three stages. This is because the CFA Association encourages candidates to register early and review early. The earlier they are, the more fully prepared they will be, so that they can successfully pass the exam.
The CFA exam fee is settled in US dollars and consists of three parts: Registration fee (Enrollment Fee): It only needs to be paid when registering for the CFA exam for the first time, which means that there is no need to pay again when registering for the second and third level exams.
Registration Fee: You need to pay each time you register for the exam. The exam fee varies depending on the time of registration.
Sales Tax: The first time you register for the exam corresponds to the "new candidate tax", and the candidates who have already registered for the exam correspond to the "old candidate tax". CFA application qualifications: 1. Have a bachelor's degree or equivalent professional level or above, and be qualified for the exam.
There are no restrictions on majors; the total number of years of university study and full-time work experience must be at least four years; if the applicant does not have a bachelor's degree but has considerable professional standards, he or she may also be accepted as a candidate.
CFA will use work experience to assess the professional standards of applicants. Generally speaking, 4 years of work experience is considered a substitute for a bachelor's degree.
These four years of work experience do not necessarily have to be engaged in investment-related work, as long as it is legal, full-time, and professional work experience is acceptable; college students can register for the exam as early as 12 months before graduation.