CFA is internationally recognized.
The Securities and Exchange Commission (SEC) of the United States recognizes that CFA franchise qualification is equivalent to the seventh series of legal qualifications 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 advantage
Just as obtaining CFA charter certificate shows the persistent pursuit of higher standards by investment professionals, hiring CFA charter certificate holders also shows the company's attention to this. Employers and media all over the world regard CFA franchising as an excellent professional standard. With such wide recognition, CFA charter holders enjoy obvious competitive advantages in the international workplace. CFA licensees usually work for investment companies, mutual fund companies, securities companies, investment banks and so on. Or become a private wealth manager. Employers with the largest number of CFA franchisees in Chinese mainland include PricewaterhouseCoopers, Bank of China, Industrial and Commercial Bank of China, China International Capital Corporation, HSBC, CITIC, BNP Paribas, UBS Group AG, Deloitte, Ernst & Young, China Ping An Insurance, China Merchants Group, Guotai Junan Securities Co., Ltd. and so on.
CFA exam
CFA exam content is divided into three different levels, namely Level 1, Level 2 and Level 3. Examinations are held all over the world, and each candidate must complete three different levels of examinations in turn. CFA qualification examination is conducted in English. Candidates should not only have financial knowledge, but also have good English reading ability. Successfully passing CFA course is an achievement, which can win the high respect of employers, investors and the whole investment community.
CFA With the increasing number of CFA exam references, since 2003, the Investment Management and Research Association has increased the first-level exam from once a year to twice a year. In addition to being held at the global 160 test center in June, it will be held again in 23 regions where candidates are relatively concentrated, such as Singapore and Hong Kong. Therefore, from 2003, the first-level candidates will have two opportunities to take the exam. Chinese mainland has set up examination rooms in June in Beijing, Shanghai, Guangzhou, Hong Kong, Nanjing, Chengdu, Tianjin and Shenzhen, and in June and February in Beijing, Shanghai, Guangzhou and Hong Kong.
The content of the exam is broad and shallow, and it does not belong to the registration exam. The pass rate at all levels is 35%, and it takes at least 20,000-30,000 RMB to complete all the exams. [2]
Registration fee: you need to pay it every time you apply for the exam, and there is a discount of $50 for retaking the same level. The examination fee varies according to the registration time.