Although CFA exam and FRM exam are both undertaken by independent institutions, and the information is not interoperable, FRM scores have little influence on CFA. However, since candidates cheat in one of the exams, I believe the other exam will not be much better.
Don't do this kind of thing when you take CFA or FRM in the future. The official CFA institution is much bigger than the GARP institution of FRM. Once a candidate is investigated or recorded for cheating or not observing professional ethics, it will have a great impact on him.
Brief introduction of financial qualification examination
I. Introduction to CFA
CFA(CharteredFinancialAnalyst, Chartered Financial Analyst, Certified Financial Analyst) is translated into Chinese. There are test sites in Beijing and Shanghai, and CFA can be taken every June and February.
1. Test level
CFA exam is divided into three stages: Level 1, Level 2 and Level 3. Only by passing the previous stage of the exam can you take the next stage of the exam.
2. Application conditions
Participants in the first-stage examination must meet the following conditions:
1) Bachelor degree or above with equivalent professional level, regardless of major;
2) The total number of years of university study and full-time work experience is four years;
3) If the applicant does not have a bachelor's degree, but has a considerable professional level, he can also be admitted as a candidate. CFA will use work experience to test.
Generally speaking, four years of work experience is considered as a substitute for a bachelor's degree. You don't have to work for these four years.
Relevant work in the investment field is acceptable as long as it is legal, full-time and professional work experience;
4) Fourth-year college students can take the exam in the last academic year.
3.CFA registration date and fee
09.24, 02. 16, 0.03. 16 (the exact date varies slightly from year to year).
Cost: 990 USD 1080 USD 1395 USD.
CFA registration adopts the principle of early bird, and the earlier you register, the cheaper it is.
II. Introduction of Certified Public Accountants
CertifiedPublicAccountant (CPA) is the abbreviation of certified public accountant, which refers to the practitioners who have obtained the certificate of certified public accountant according to law and are entrusted to engage in auditing, accounting consulting and accounting services. Examination places are available in provincial capitals. Exams are usually held on the second or third weekend of September every year. The registration fee varies from place to place, about 50 per door.
1. Examination conditions
According to the provisions of China's CPA Law, China citizens who meet one of the following conditions can sign up for the exam (registration is not restricted by household registration):
1), college degree or above;
2), accounting or related majors (referring to auditing, statistics, economics). The same below) intermediate or above professional and technical titles.
Note: Students in the third and fourth grades of undergraduate courses in some areas can also register, but the specific situation is mastered by local certified public accountants associations.
2. Examination time
The registration time for the national unified examination for certified public accountants is generally from mid-March to mid-April each year, and the specific time is determined by the local examination committees, which should generally be no less than 20 working days.
Three. CFP
CFP is a national financial planner exam.
1. Permanent examination area
Beijing, Shanghai, Guangzhou, Chengdu, Urumqi, Shenyang, Wuhan, Hangzhou, Zhengzhou, Jinan and Xi 'an.
2. Examination fee
Because you have to pass the training, the cost is higher, above 1 10,000.
3. Examination time
Time: Saturday, July 4, 2009 and Saturday, June 5438+065438+1October 7, 2009.
4. Application conditions (you can apply for one of the following conditions):
(1) has a college degree, has been engaged in this profession for more than 4 years, has received the standard hours of formal training for financial planners, and has obtained a certificate of completion;
(2) Obtained a bachelor's degree in related majors, engaged in this profession for more than 3 years, received standard hours of formal training for financial planners, and obtained a certificate of completion;
(3) Obtained a master's degree in related majors, engaged in this profession for more than 65,438+0 years, received standard hours of formal training for financial planners, and obtained a certificate of completion.
Four. Introduction to FRM
FRM is a certification title in the field of financial risk management, which was established by GARP.
1. Examination time
The examination time is1mid-October 165438+ examination every year.
Step 2 apply for qualification
Without academic qualifications and industry restrictions, college students can apply for the exam.
3. Examination fee
International passport holders usually have an early entry plan. The sooner you register, the cheaper it is, so register as early as possible to avoid damage to your rights and interests. Non-registered members are 400 USD, and members 150 USD. This is the price in 2008, and it will increase year by year in the future, which will definitely be more expensive.
4. Distribution of test sites
At present, there are test sites in Beijing, Shanghai, Hong Kong and Taipei.
5. Examination subjects
The securities qualification examination is divided into four courses, and the examination subjects are divided into basic subjects and professional subjects.
(1) Basic subjects are: basic knowledge of securities,
(2) Professional subjects include: securities trading, securities issuance and underwriting, securities investment analysis, and securities investment funds.
Securities analyst is only a branch of the securities qualification examination. If candidates only want to take the securities analyst exam, they only need to take the basic knowledge of securities in the basic course and the securities investment analysis in the professional course.
Note: Employment threshold
1. After passing the securities investment analyst exam and obtaining the qualification, you must meet the requirements of China nationality, bachelor's degree and more than two years of securities industry experience before you can obtain the qualification for securities investment consulting.
2. If you want to obtain the qualification of securities business, you have to be affiliated with a formal securities institution. But if you don't engage in this industry, it is very difficult to do it.
Verb (abbreviation of verb) China Securities Qualification Examination
1. Examination time
The annual registration and examination time is not fixed. Usually four times a year. You should pay attention to the website of China Securities Association.
Step 2 apply for qualification
Since 2003, the qualification examination for securities practitioners has been open to the public and foreigners. All people at home and abroad who have reached the age of 18, have a high school education or above and have full capacity for civil conduct can sign up for the qualification examination for securities practitioners.
3. Registration method
Registration takes the form of online registration. Candidates should log on to the website of the Association and register as required.
4. Registration fee
The registration fee is RMB 70 yuan per subject.
5. Distribution of test sites
Candidates can choose to take the exam in 4 1 cities nationwide, namely: Beijing, Tianjin, Shijiazhuang, Taiyuan, Shenyang, Changchun, Harbin, Shanghai, Nanjing, Hangzhou, Hefei, Fuzhou, Nanchang, Jinan, Zhengzhou, Wuhan, Changsha, Guangzhou, Nanning, Haikou, Chongqing and Chengdu. Candidates can choose any of the above cities to take the exam.
Note: Except for the third exam in 2006, the other three exams were only held in Beijing, Shanghai and Guangzhou.
6. The relationship between qualification and practice certificate:
You can get a certificate of achievement by passing the exam, and the exam results are valid for many years. Candidates pass the basic subjects and a professional subject in qualification recognition, and then obtain qualifications. Through the foundation plus two professional subjects to obtain a first-class certificate, through five subjects to obtain a second-class certificate. Persons who have obtained professional qualifications must apply for a practice certificate through their institutions before entering the securities-related institutions.