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Profile of the Programme:

The Chartered Financial Analyst® (CFA) credential has become the most respected and recognized investment designation in the world, with currently more than 90,000 CFA charterholders working in over 135 countries around the world. In the competitive, rapidly evolving profession of investment management, few achievements will say more about your commitment to knowledge and high ethical standards than earning the right to use the CFA designation.
The CFA program was first administered by the Institute of Chartered Financial Analysts® (ICFA), one of AIMR (Association for Investment Management and Research) predecessor organizations.
In June 1963, after successfully passing the first CFA examination, 268 securities analysts emerged as the inaugural class of CFA charter holders. This distinguished group of investment professionals took an inherent risk of failing an exam that dealt with subjects on which they were already presumed to be the experts. They put aside their self-interests to establish standards of competence and integrity for the profession of investment management.
Over 50 years later, the CFA charter has grown far beyond what any members of its inaugural class could have predicted, with regulatory bodies in 19 countries recognizing the CFA charter as a proxy for meeting certain licensing requirements.

 

Course Objectives:

Employers understand the dedication that the CFA® program entails, which is why they often make the CFA® charter an eligibility requirement for seniorlevel positions and, frequently, are willing to pay for their employees to participate in the program. The broadbased curriculum of the CFA® program compels you to build a working knowledge of principles across core areas of the investment industry, from portfolio management and asset valuation to derivatives and quantitative analysis. Virtually no other designation within the profession of investment management carries as much prestige as the CFA charter. The employers with the highest number of CFA® charterholders are Merrill Lynch, Morgan Stanley, Goldman Sachs, Bank of America, Citigroup, Credit Suisse Group, JP Morgan Chase, UBS etc.
Devoting three years of your time to earn a CFA® charter is an investment, but the effort will change your career in ways that pay dividends for a lifetime. And employers are willing to pay a premium for those who’ve earned the CFA® charter.
Some of the Benefits that will be earned are the following:
  • International Recognition – Employers and media around the world praise the CFA® designation.
  • Credibility – Clients and colleagues regard you with a presumption of expertise.
  • Respect – Your efforts connect you with the prestige of existing charterholders.
  • Competitive Advantage – Employers and clients require professionals who demonstrate competence in implementing international investment strategies.
  • Knowledge with a Global Perspective – A practice analysis is conducted every five years to determine a globally relevant, broad-based curriculum.
  • Connections – When you earn the CFA® designation, you’ll join the more than 69,000 charterholders around the world who are active investment professionals with senior responsibility.
The CFA Program involves three exams (each with at least six months of preparation) and 48 months of approved work experience. Successful candidates take an average of four years to complete the program.

 

CFA Institute does not endorse, promote or warrant the accuracy or quality of Globaltraining.  CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

To become a charterholder, you must:

Complete the CFA Program (3 Exams)
Pledge to adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct
Have four years of qualified investment work experience
Become a regular member of CFA Institute and apply for membership to a local CFA member society.

Course Structure:

The CFA® Program curriculum covers concepts and skills you will use at all stages of your career, bridging academic theory, current industry practice, and ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills.
The CFA program has three levels of examinations (no exemptions are available). Candidates cannot proceed to the next level without successfully completing the previous level. The material covered in the CFA® education scheme is designed to reflect a “Body of Knowledge” that keeps pace with the ever-changing dynamics of the global investment industry. The body of knowledge includes the following general topic areas and are allowed to the three levels as follows:
Level I –Tools:
  • Tools and concepts that apply to investment valuation and portfolio management
  • Basic concepts regarding asset classes, securities, and markets
  • CFA Institute Code of Ethics and Standards of Professional Conduct
Level II –Asset Valuation:
  • Application of tools and concepts of investment valuation
  • Industry and company analysis
  • Analysis of investment vehicles and instruments
  • CFA Institute Code of Ethics and Standards of Professional Conduct
Level III –Portfolio Management:
  • Management of institutional and individual portfolios
  • Management of specific asset class portfolios
  • CFA Institute Code of Ethics and Standards of Professional Conduct

Examination:

Each level of the exams is six hours long and is divided into morning and afternoon sessions.
  • Level I examination consists of 240 multiple-choice questions.
  • Level II examination contains 20 “mini-cases” or vignettes that describe investment challenges practitioners are likely to encounter. Each item-set contains six questions based on the vignette.
  • Level III exams contain constructed response (essay) questions in the morning session and 10 item-sets in the afternoon session

Rules:

Candidates may not sit more than one level per year.
Candidates must use a specific type of scientific calculator during examinations (for more information please contact the CFA® Course Leader, or CFA® Institute website on www.cfainstitute.org).
Examination results are reported as pass or fail (usually two months after the exam session).
CFA Institute does not endorse, promote or warrant the accuracy or quality of Globaltraining.  CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Entry Requirements:

In order to register to start the CFA charter, you must:
  • Have a bachelor’s (or equivalent) degree; or
  • be in the final year of your bachelor’s degree program at the time of registration*; or
  • have four years of professional work experience (does not have to be investment related); or
  • have a combination of professional work and college experience that totals at least four years. Part-time positions do not qualify, and the four-year total must be accrued prior to enrollment.
Note: Residents of certain countries may be prohibited by law from participating. Read the OFAC Compliance Policy.

Apply Online:

Once you have meet the Entry Requirements, you may apply to start your CFA charter here.
You will be required to pay a registration fee of $440.
You have 30 days to complete your enrollment/registration, and you should receive your CFA Program Registration Confirmation within 5-7 days.
CFA Institute does not endorse, promote or warrant the accuracy or quality of Globaltraining.  CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Key Dates:

Application Deadline:

March of each year. Please note that registration fee varies depending on month application is submitted to CFA® institute.

Exam Sitting:

Exams for all levels are held in locations around the world. Level I exams are held in June and December. Levels II and III are only held in June.

December (Level I Only):
  • January – Exam Registration Opens
  • Mid-March – Early Exam Registration Closes
  • Mid-August – Standard Exam Registration Closes
  • Mid-September – Late Exam Registration Closes
  • December – Final Exam
  • January – Exam Results Released
June (Level I, II and III):
  • July – Exam Registration Opens
  • Mid-September – Early Exam Registration Closes
  • Mid-February – Standard Exam Registration Closes
  • Mid-March – Late Exam Registration Closes
  • June – Final Exam
  • Mid-July – Level I and II Exam Results Released
  • Mid-August – Level III Exam Results Released

CFA Institute Fees:

The fees of the June 2017 sitting will be announced in August 2016.

CFA Institute does not endorse, promote or warrant the accuracy or quality of Globaltraining.  CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Globaltraining offers targeted revision courses designed to put your knowledge into practice and help you develop exam strategy. Get hands-on experience with intensive exercises, reinforce question answering ability and develop strategy and techniques. Useful recap of important and demanding concepts will be provided. 

  • Exclusive Kaplan Financial material is endorsed for this revision phase