The Chartered Financial Analyst (CFA) designation is a recognized credential that is awarded to experienced financial and investment professionals all around the world. Becoming a CFA certifies financial analysts as having the in-depth understanding of investments and securities needed to provide value to their company and the economy as a whole.
A bachelor’s degree in finance, at least four years of professional job experience, or a good combination of the two is required of candidates. The Level I exam assesses your knowledge of basic investment instruments. The Level II test involves a more in-depth examination of asset and security valuation. Lastly, the Level III test integrates all analytical techniques used in portfolio management and wealth planning.
Despite the fact that the tests can be taken as many times as necessary, each exam usually requires students to prepare for more than 300 hours.
Many applicants are discouraged from continuing the CFA Program after failing one of the levels due to the significant amount of time that must be spent studying. Passing all three examinations requires having the appropriate plan in place and the discipline to stick to it.
Duties of a CFA
- Keep track of stock performance so that clients and stockbrokers can interpret it.
- Make effective choices regarding industries, companies, and stocks in order to maximize profits for the company or individuals.
- Meet with corporate executives to learn more about their future operations and management.
- Researching about the financial health of particular companies.
- Suggest collective and individual investment choices, which are commonly referred to as portfolios.