What kind of certificate is CFA? This is probably a question that many partners will ask when they first learn about the CFA certificate. So what kind of certificate is CFA?

What is the use?

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.

The college was originally established in June 1959 by the Financial Analysts Federation (FAF) in Charlottesville, Virginia, jointly with the University of Virginia.

CFA is the most stringent and high-value qualification in the global investment industry. It has established norms and standards for the global investment industry in terms of ethics, professional standards and knowledge systems.

The Financial Times magazine in 2006 compared the CFA professional qualification to the "gold standard" of investment professionals.

CFA International Recognition The U.S. Securities and Exchange Commission (SEC) recognizes that the CFA charter qualification is equivalent to the Series 7 legal qualifications 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 examination of the Accredited in Business Valuation held by them, so that they can obtain the business value assessment professional of the American Institute of Accountants (AICPA).

Qualifications (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.

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

The CFA exam is held uniformly in various locations around the world, and each candidate must complete three different levels of exams in sequence.

The CFA exam is conducted entirely in English. In addition to mastering financial knowledge, candidates must also have good English professional reading skills.

Successfully passing the CFA program is an achievement that earns high respect from employers, investors and the entire investment community.

CFA exam subjects include professional ethics, quantitative analysis, economics, financial statement analysis, corporate finance, portfolio management, equity investment, fixed income investment, derivatives investment, and other investments.

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

According to the requirements of the examination syllabus, find out the key points and difficulties of the examination and overcome them one by one.

From the perspective of score ratio, subjects such as accounting, mathematics, asset pricing, and ethics are more important. Finding these important subjects and combining them with textbooks will make it easier to prepare for the exam.

CFA Level 2 (Valuation/Analysis): The CFA Level 2 exam focuses on asset evaluation analysis, stock valuation, fixed income, and derivatives investment, and examines how to effectively price products and analyze investment portfolios based on cases.

The examination format is based on case analysis of investment performance and income changes.

CFA Level 2 is based on Level 1 learning. As long as candidates prepare carefully for the exam, they can pass it.

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

, independently write investment analysis reports.

(Essay in the morning, multiple-choice questions in the afternoon) In addition, the financial technology Fintech content was added to the 2019 CFA exam. Fintech (Finance+Technology) is that with the continuous development of Internet technology, artificial intelligence, cloud computing and other technologies have been

They have been introduced into the financial field one after another to reduce costs and improve efficiency for enterprises, which is the direction of future development and change of the financial industry.

Fintech focuses more on the use of technology, allowing technology to serve finance.

It has a profound impact on financial markets, financial institutions, and the way financial services are provided.

Fintech is a broad subject. According to Lisa Plaxco, chairman of the CFA department, Fintech technology will be divided into 4 groups: Group 1 includes: financial analysis, big data analysis, artificial intelligence, machine learning and algorithmic securities trading.