Skip to main content

Here is Your Roadmap to Earn CFA Credential

Chartered Financial Analyst, or CFA, is a credential which is awarded by the US based CFA institute to the candidate who successfully clears all the levels of the CFA exam. The credential has international presence and is recognized in more than 138 countries across the world.
Well, there is no doubt that CFA credential can bring many lucrative career opportunities to the candidate who holds it. Let’s take a look at the roadmap to earn the CFA credential.

Eligibility
To be eligible for the exam, the candidate must be graduated from any recognized university or should have any equivalent degree. A candidate who is in the final year of his graduation can register for the Level 1 exam. In addition, the candidate should at least have 4 years of professional work experience (part time job does not qualify). However, in case the candidate does not have the required work experience, they can also apply for the level 1 exam. However, the sum of the combination of graduation and professional work experience should at least sum up to a total of 4 years.

Enrolment
If the candidate meets all the requirements of the eligibility criteria, he is required to enroll himself with the CFA institute. The candidate can enroll either online or offline. Apart from enrolling with the CFA institute, the candidate can also enroll himself with the various other institutes which offer preparatory classes and study material for CFA. 

CFA exam
In order to earn CMA credential, a candidate is required to clear all levels of CMA, i.e., level 1, level 2, and level 3, sequentially. Level 1 exam is held in June and December every year while level 2 and 3 exam is held only in June. The exams are conducted in two sessions, morning and afternoon session, of three hours each and it is a must for the candidate to know English language since all the levels are conducted in the English language only. Level 1 exam tests the candidate’s knowledge of the ethical and professional standards, Level II tests how the candidate applies those standards to the situations he faces, and Level III tests how the candidate applies the standards in a portfolio management and compliance context.

Membership
Once the candidate has cleared all the levels of CMA exam and has a minimum of 4 years of professional experience, he can become the member of the CFA institute and claim his credential.
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

A Beginner’s Guide on IFRS

It is through accounting that a business learns of its expense classifications along with gaining standards to best describe the financial problems of an entity. The accounting standards are guidelines for financial accounting, and the external entities (regulatory agencies, banks etc.) rely on these standards to ensure that relevant and accurate information is provided about the entity. The financial statements of publicly-transacted companies in many nations may require being prepared in accordance with the standards set by the IASB or the International Accounting Standards Board. What is IFRS? International Financial Reporting Standard or IFRS is a single set of accounting standards that has been created and is conserved by the International Accounting Standards Board for a consistent global application, by all economies in order to offer financiers and other financial statement users with the ability to compare the financial performance of publicly listed companies with their...
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