There are 3 levels in CFA, and hence 3 corresponding exams. The exam for level 1 takes place two times a year in June and December, while there is only one exam for level 2 and 3 in June. And exams are given only at selected worldwide locations. (In Vietnam, June exams are offered in Hanoi and HCM city, but December exams are only available in HCM city.)
The exams are consecutive, meaning you must pass level 1 to become eligible for level 2 exam entrance, and pass level 2 before go in level 3 exam.
To acquire CFA designation, you will not only need to pass the 3 level exams, but also need to meet professional requirement (working experience in investment field)
Showing posts with label Basic. Show all posts
Showing posts with label Basic. Show all posts
Monday, January 11, 2010
Saturday, January 9, 2010
What is CFA?
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
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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