Skip to main content

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Importance of Understanding the Finance for the Non-Financial Managers

Understanding Finance and Accounting will equip non-financial managers with the financial knowledge necessary to communicate more effectively with financial managers, analyze financial statements and understand how they relate, interpret a company's profitability, solvency and liquidity, explore the sources and costs of capital and the factors of investment decisions, and learn valuation principles and their impact on the value drivers of the firm. Participants will gain both competence and confidence in their interactions with financial colleagues and senior executives. Here is the importance of finance to the non-financial professionals: Why finance courses for non-professional executives? Every manager and high-level professionals has to understand finance. The more you go higher in the organization the more important it is to have that understanding. It’s the only way to feel confident in high-level meetings. Finance courses is of core function for good profi...
Post a Comment
Read more

Advantages of Doing a Financial Modeling and Valuation Course

Financial modeling and valuation is one of the most sought after financial courses that every finance professional requires to do in today’s competitive corporate world. There is an increasing demand for financial modeling analysts having essential skills and proficiency in financial modeling to dissect and analyze a company’s performance and make predictions about the company’s future. Some of the skills/areas that you can learn/ work in after pursuing financial modeling and valuation course are: Build financial models through step wise projection of income statement, balance sheet, and cash flows. This helps you to get better control of financial management for the company you work. You will learn to apply advanced Excel tools like Data Tables, Nested Ifs, Time Value of Money. You can develop the key schedules including debt/interest, depreciation, working capital, and equity. If you are working in an equity research firm these are the essential skills you may nee...
Post a Comment
Read more

CFA Exam – Know the Course Curriculum and Preparation Tips

Chartered Financial Analyst (CFA) is a highly prestigious job that promises a rewarding career, good remunerations, and the utilization and honing of demonstrated skills. Those who are keen to build a career as a Chartered Financial Analyst are required to pass the CFA exam. Held in three phases - Level I, II and III, the CFA exams are offered annually at test centers around the world. CFA Exam: Course Curriculum  The course curriculum of each level of exam is similar but candidates are asked different types of questions. Level I of the exam tests basic knowledge of the ethical and professional standards and consists of comprehension questions focused on investment tools.  Level II, however, tests how you apply those standards to real life situations and focus on valuing assets, and  level III of the CFA exam combines all the concepts and analytical methods in different applications and tests how you apply this knowledge in a portfolio manag...
Post a Comment
Read more