Chartered Financial Analyst
USINFO | 2013-11-14 15:59
The Chartered Financial Analyst (CFA) Program is a professional credential offered by the CFA Institute (formerly AIMR) to investment and financial professionals.[1] A candidate who successfully completes the program and meets other professional requirements is awarded a "CFA charter" and becomes a "CFA charterholder."

CFA designation became a gold standard for the global finance industry and has been recognised in the UK as being equivalent to a master’s-level degree. In the years before the financial crisis, Goldman Sachs, J.P. Morgan and other investment banks were among the employers with the largest numbers of CFA charter holders.[2]

CFA
 
The CFA charter is a qualification for finance and investment professionals, particularly in the fields of investment management and financial analysis of stocks, bonds and their derivative assets. The program focuses on portfolio management and financial analysis, and provides a generalist knowledge of other areas of finance. Additionally, the CFA charter has experienced increasing relevance and demand within corporate finance.

The CFA designation was first awarded in 1963. As of March 2012, CFA Institute has about 107,000 members in 138 countries around the world, including about 98,000 CFA charterholders.

To become a charterholder a candidate must satisfy the following requirements.

• Have four years (48 months) of qualified work experience (or a combination of education and work experience acceptable by the CFA Institute). However individual level exams may be written prior to satisfying this requirement
• Complete the CFA Program (mastery of the current CFA curriculum and passing three six-hour examinations)
• Become a member of the CFA Institute and apply for membership to a local CFA member society
• Adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct

Independent of any other requirements for becoming a charterholder, the CFA Program takes an average of four years for candidates to complete.

The predecessor of CFA Institute, the Financial Analysts Federation (FAF), was established in 1947 as a service organization for investment professionals in its societies and chapters. The earliest CFA charter holders were "grandfathered" in through work experience only. Then, the series of three exams was established along with requirements to being a practitioner for several years to qualify to take the exams. In 1990, in hopes of boosting the credential's public profile, CFA Institute (formerly the Association for Investment Management and Research or AIMR) was created from the merger of the FAF and the Institute of Chartered Financial Analysts (ICFA). The CFA program began in the United States but has become increasingly international with many people becoming charter-holders across Europe, Asia and Australia. By 2003 fewer than half the candidates in the CFA program were based in the US and Canada, with most of the other candidates based in Asia or Europe. India and China have shown some of the highest growth from 2005 to 2006 with increases of 25% and 53% respectively in the total number of charterholders.

 

美闻网---美国生活资讯门户
©2012-2014 Bywoon | Bywoon