What is a CFA: The Chartered Financial Analyst (CFA) designation is a valuable credential certifying you as having in-depth knowledge of security types and investment vehicles. It also indicates that you are expert in quantitative methodologies for analyzing securities, such as assessing their value and identifying their underlying risks.
Earning a CFA: You must pass three levels of exams, while also meeting certain professional and ethical requirements. The self-study curriculum changes yearly, in keeping with new developments in the securities markets and in the investment profession. The time needed for study and exam preparation will vary based on your educational background, experience and prior knowledge, but the absolute minimum required of most candidates is estimated at 250 hours.
Difficulty of CFA Exams: As of June 2009, the CFA Institute indicates that about 35% of those who take the Level One exam pass, and about 50% of those who take Level 2 and Level 3. The higher pass rates on the later exams probably results from the stronger pool of candidates that remains after Level One.
Why Get a CFA: The CFA is demanded by major employers for senior positions in Securities Research and Investment Management. It also can be required for certain Financial Advisor roles. Even where it is not necessary, it is a prestige credential that enhances your worth and credibility as a financial professional.
Source: About.com
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