The importance of acquiring CFA designation
More and more investment professionals nowadays are realizing the importance of acquiring a Chartered Financial Analyst (CFA) designation. This is because CFA is regarded as the key certification in the financial sector, especially in the areas of portfolio management and research. But then again getting a CFA designation is not that easy.
Before a prospective candidate can be regarded as a legitimate Chartered Financial Analyst, he or she has to pass certain requirements as mandated by the CFA Institute (formerly known as the Association for Investment Management and Research or AIMR). These are the following:
(a) Have at least attained a bachelor’s degree, or at least four years of professional investment experience.
(b) Successfully passed and completed three six-hour exams (Level I, Level II and Level III) in a span of at least three years.
(c) Commit to abide by the CFA Institute’s Code of Ethics and Standards of Professional Conduct.
CFA course of study was formed in the year 1962 and is constantly updated to ensure that topics covered still meet the demands of the investment decision-making process across the world. Such topics include financial accounting, portfolio management, ethics and investment theory among others.
Getting CFA certified also means something to investors as they highly regard professionals who have acquired CFA designation. They view them as people who have worked doubly hard in improving their skills and are committed in becoming better on their craft. Being recognized by investors does not only mean more work but also gaining the huge respect of other people. Indeed, such achievement is something to be proud of.
by Korbin Howard