Is CFA study worth the effort?

Two hundred and fifty hours of minimum study, successful completion of three rigorous exams, four years of relevant work experience, and an adherence to code of ethics and professional conduct , the CFA (chartered financial analyst) charter demands it all.

Unfortunately, not many people understand the value of a CFA charter and understate all the efforts made by students to pass the CFA study and exam. Read on to get a better understanding of a CFA charter and the value of the CFA designation, and know how it can lead to a rewarding career.

What does CFA mean?

A CFA charter holder is knowledgeable, well-informed about his/her areas of work, and intellectually curious to learn more to gain competence in the field of finance. They continuously strive to dig their heels in in this everlasting complex world. The CFA charter can only be obtained from the CFA institute, a non-profit professional association, after passing three rigorous examinations.

What does a CFA do?

The Chartered Financial Analysts hold a strong position in the company. They are responsible to take money making decisions about companies, stocks and industries. CFAs track the performance of stocks, and help individuals to make good investment decisions for both short-term and long-term goals. In some companies, CFAs also collate data in spreadsheets that can be interpreted and analyzed by a client. Most CFAs work for banks, investment firms and insurance companies. They help companies promote its financial products or services in a better manner.

The Bottom line

Although a bachelor’s degree is required to become a financial analyst, but to be proficient in the field and increase your credentials, a CFA program is available at various CFA institutes like the Genesis Institute in Dubai. This program includes a series of three exams - Levels I, II, and III that you need to clear to gain the highest level of competency as exemplified by the CFA designation.

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