The College was first established by the American Association of Financial Analysts (FAF) in June in Charlottesville, Virginia, with the University of Virginia as its zip code 1959.
CFA certification:
The Securities and Exchange Commission (SEC) of the United States recognizes that CFA charter qualification is equivalent to the series 7 legal qualification of American securities practitioners.
New york Stock Exchange (NYSE) granted CFA chartered holders the professional qualification of American securities analyst, and only needed to take the securities rules part of the securities analyst examination.
The American Institute of Accountants (AICPA) can obtain AICPA's professional qualification of Business evaluation (ABV) only by taking the half-day exam of Accredited in Business value.
The British Securities Investment Association (SII) gives CFA franchisees the right to directly obtain the membership (MSI) of the British Securities Investment Association (SII) or meet the relevant experience requirements to become a Senior Member (FSI).
CFA exam content:
CFA Institute regularly conducts career analysis of global chartered financial analysts to determine whether the investment knowledge system and skills in the course are important in the work practice of chartered financial analysts. The examinee's KnowledgeTM text mainly consists of four parts: moral and professional ethics standards, investment tools (including quantitative analysis methods, economics, financial statement analysis and corporate finance), asset valuation (including equity securities products, fixed income products, financial derivatives and other investment products), portfolio management and investment performance report.
CFA Level 1 exam focuses on the tools of investment evaluation and management, and also includes the introduction of asset evaluation and portfolio management skills. Level 1 exam (1 level) is a multiple-choice question with 120 questions per volume and ***240 questions per volume;
CFA Level 2 exam focuses on the application of asset valuation and investment tools (including economics, financial statement analysis and quantitative analysis methods). The secondary examination adopts the form of multiple-choice questions, with 60 questions in each volume, *** 120 questions;
The content of CFA Level 3 exam is a comprehensive summary of the first two groups. The form of Level 3 exam is divided into two parts, the morning part includes short answer questions and calculation questions, and the afternoon part has 10 items consistent with the second form, with 6 small questions and 60 questions for each item.
The registration time for each level of CFA exam is divided into three stages, because CFA Association encourages candidates to register early and review early, and the earlier they prepare, the more fully they prepare, in order to pass the exam smoothly.
CFA examination fee is settled in USD and consists of three parts:
Registration fee: you only need to pay it when you register for CFA exam for the first time, which means you don't need to pay it when you register for Level 2 and Level 3 exams.
Registration fee: you need to pay for each application, and the examination fee varies according to the registration time.
Business tax: the first registration exam corresponds to the "new examinee tax", and the candidates who have registered for the exam correspond to the "old examinee tax".
CFA qualification:
1. Bachelor degree or above with equivalent professional level, regardless of major; University years of study and full-time work experience total four years;
If the applicant does not have a bachelor's degree, but has a considerable professional level, it can also be accepted as a candidate. CFA will use work experience to evaluate the applicant's professional level. Generally speaking, four years of work experience is considered as a substitute for a bachelor's degree. These four years of work experience is not necessarily related to investment, as long as it is legal, full-time and professional;
College students can register for the exam as early as 12 months before graduation.
2. Abide by professional ethics
3. Complete the registration and pay the fees.
4. Be able to take the exam in English