A CFA designation provides the most value for research analysts and asset managers. These professionals are involved in portfolio management, pension funds, hedge funds, and fund of funds. Finally, they may also work in private banking and financial advisory. For these professionals, the CFA title is almost a must.
Pursuing a career in these roles without a charter is similar to trying to practice accounting without a CPA. Similarly, professionals who work with people in financial roles are also interested in the CFA charter.
Professionals outside of the typical finance roles are attracted to the CFA because it allows them to broaden their knowledge. Even more importantly, this designation helps them stand out from their peers. These professionals include accountants, auditors, lawyers and senior management in operations. Financial firms are seeing the value of having CFA charterholders in other areas outside their trading desks.
The CFA program is designed to cover everything. And I mean everything that is directly or indirectly related in the finance and investment field. When sitting for the CFA Level 1 exam, candidates must get themselves fully immersed in a huge range of topics. The high-level topics include financial accounting, ethics, statistics, corporate finance, fixed income and alternative investments.
While hectic, it is manageable to study for the CFA exam while you work. The charter prepares you well for a variety of investment-related jobs, such as portfolio manager, risk manager , and research analyst. Seven percent of CFA charterholders even go on to be chief-level executives. Like we said, CFA Institute has a global network of over , investment professionals.
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Best Ofs. More from. By Kat Tretina Contributor. Nothing you can put on paper is a sure fire way of landing a job. Getting hired is a multi-stage process. Your CV and networking skills gets you the interview, and the interview is what gets you the job.
No amount of CV padding is going to replace interview skills so you need to address all steps to successfully score the job you want. Most of these surveys do not remove the effect of work experience either, which is one key driver of salary increase over time. Our latest Hours salary and compensation research does this properly though. Here is what we found: on average, compared to non-candidates, CFA candidates saw an increase in pay by:.
Ultimately, suffice to say that acquiring a CFA charter will open more opportunities in finance to you and make it easier for you to explore others. Want to share your experiences? Leave me a comment below! You just need a bachelors degree to sit for the exams. Good luck, and if you have a specific question, post it at our forum! We have written a comprehensive guide on CFA work experience , check it out, hope that helps!
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