Top 3 Reasons To Become a CFA®

As jy belangstel in 'n loopbaan in finansies is, jy het 'n baie opsies vir finansiële certificaties dat jou loopbaan kan hupstoot. Maar, baie van hierdie certificaties is duur en kan spesifiek vir die Verenigde State van Amerika wees. As jy op soek is na 'n koste-effektiewe sertifisering dat jy wêreldwye erkenning en 'n diep begrip van finansies sal gee, you may consider becoming a CFA®. Ons het die top uiteengesit 3 redes wat jy moet onder oorweeg die gesertifiseerde finansiële ontleder diploma.

 

1. Belowende loopbaan pad

When you complete the CFA® program, you become a CFA® Institute member, wat is 'n wêreldwye netwerk van meer as 135,000 beleggingskundiges. Die CFA handves word erken deur reguleerders, universiteite, en sertifisering programme in minstens 30 lande. Dit is 'n redelik indrukwekkende klub aan te sluit wanneer dit kom by die netwerk. Jy sal ongeëwenaard loopbaan hulpbronne en verhoudings te verkry, sowel as toegang tot werksgeleenthede regoor die wêreld that require a CFA® certification.

Met jou unieke vaardighede, jy kan kwalifiseer vir 'n verskeidenheid van belegging-verwante werk. The most popular destination for CFA® charterholders is portfolio manager, maar daar is baie van die ander posisies soos navorsingsontleder, konsultant, risikobestuurder, korporatiewe finansiële ontleder, en selfs uitvoerende hoof!

2. Hupstoot jou salaris

Since the CFA® program is one of the most respected designations in the financial field, die salaris is nogal indrukwekkend. Daar is 'n aantal faktore wat kan bepaal jou moontlik salaris insluitend ervaring, onderwys, posisie, grootte van werkgewer, en plek.

After one to four years of experience as a CFA®, jy kan verwag om 'n mediaan salaris van ongeveer verdien $68,383. Dat die getal styg tot $87,732 na vyf tot nege jaar, Volgens PayScale. Professionals met meer as 20 jaar ondervinding betaal 'n gemiddelde salaris van ongeveer $155,100. (Let daarop dat hierdie is die mediaan salarisse en hulle dink nie ander faktore.)

Your salary could be higher or lower depending on what job title you have with your CFA® certification. Financial analyst is one of the lower paying CFA® positions with a salary range of $43,218 om $78,374. Hoof Finansiële Beamptes, aan die ander kant, maak baie meer en kan 'n salaris in die reeks verwag $67,786 om $217,242.

Daar is baie poste wat in die middel van salarisse hierdie twee posisies "val, soos beleggingsontleders. ook, many CFA® charter-holders are compensated with bonuses and incentive pay on top of their attractive salaries. Selfs met die ander faktore soos ligging en grootte van die maatskappy, the salary of a CFA® is the top reason for many to go after this prestigious title.

 

3. Die goudstandaard

The CFA® charter is considered the “gold standard” of Wall Street qualifications due to its rigor. If you work hard to get your CFA®, jy bewys aan almal wat jy het kundigheid in beleggingsbestuur en finansiële analise.

In vergelyking met ander programme in die sakewêreld, soos die MBA, the CFA® charter specializes in niche areas of business and is much less broad. By earning a CFA® title, jy kry analitiese vaardighede en kundigheid in kwantitatiewe metodes, ekonomie, Finansiële verslag, beleggings analise, en portefeuljebestuur. Dit stel vaardighede en gespesialiseerde kennis maak jy 'n baie waardevolle werknemer en sal beslis dien jy goed in jou finansies loopbaan.

 

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Let’s Examine the CFA® Scoring System

Ondersoek van die CFA puntestelselYou finished taking your first level of the CFA® exam, nou wat? Jy waarskynlik ton van vrae oor hoe die eksamen behaal en wanneer jy jou resultate sal weet. Dit is alles geldige vrae en frustrerend ingewikkeld om direkte antwoorde te vind.

Your CFA® exam result will either be a pass or did not pass. Lyk eenvoudig genoeg, maar wat bepaal 'n nie verby telling en wie se roeping die skote? Let’s check out what goes on behind the scenes and resolve any confusion you may have about how your CFA® exam will be graded.

Beskikbaarheid van u resultate

For CFA® Levels 1 en 2, jou resultate sal beskikbaar binne wees 60 dae van jou eksamen datum. CFA® Level 3 resultate vrygestel binne 90 dae van jou eksamen datum. Sodra jy jou resultate te kry (veronderstelling jy geslaag) jy toegelaat word om vir die volgende vlak van die eksamen.

As jy nie slaag, moenie te hard wees op jouself omdat tegnies, jy in die meerderheid. in 2016, die slaagsyfers vir Vlakke 1 en 2 was onder 50% en Vlak 3 was 54%. Jy sal meer inligting ontvang met jou "nie slaag" resultate wat jou prestasie relatief na vore te bring aan al die ander kandidate. Ek stel voor jy dit gebruik om te help lei jou studies vir wanneer die eksamen terugneem. Checkout my blog post op how to recover from a CFA® Exam failure.

Who’s Grading the CFA® Exam?

Most of the CFA® exam is in multiple choice format, wat beteken dat hulle masjien gegradeer. Maar moenie bekommerd wees nie, die skrapers sal die hand aan te teken 5-10% van die meervoudige keuse toetse ten einde te verseker dat die masjien is in toom.

Vroeg in die gradering proses, daar sal 'n herevalueer die meervoudige keuse vrae, afhangende van die resultate en klagtes aangemeld tydens die eksamen wees. If the CFA® Institute comes to the conclusion that a question was unfairly unclear, die punte gaan jy. This ensures you don’t get screwed over when the CFA® Institute makes a mistake in the way a question was phrased.

die Vlak 3 eksamen sluit opstelvrae wat nie kan gegradeer deur 'n masjien. In plaas daarvan, opstelle sal gegradeer in 'n 2 week periode in Charlottesville, VA deur 'n hele leër van skrapers. Hierdie skrapers is die beste van die beste en kom uit akademiese en professionele velde. If you think becoming a CFA® is hard, hierdie skrapers is die elite wat make-up 15% van die mense wat in hierdie rol word aanvaar. diegene 50% slaagsyfers is nie so skrikwekkend in vergelyking.

Die skrapers vorm in spanne van 3 of 4 en die telling 'n vraag of 'n vraag deel wat betrekking het op spesiale area die groep se. Daar is 'n hele proses met junior skrapers en senior skrapers wat mekaar se werk na te gaan om konsekwent gehaltebeheer in stand te hou. Na al die opstelle is gegradeer, die middel 50% is weer gegradeer tot dubbel check die grensgevalle. Skrapers sien net die opstel inhoud aan hulle gegee. Hulle sal jou naam nie weet, toets sentrum, of selfs hoe jy presteer op ander vrae-gee jou die mees onbevooroordeelde telling moontlik.

What is the Minimum Passing Score for the CFA® Exam?

Verby die CFA EksamenTo pass any of the CFA® Exam Levels, wat jy nodig het om aan te pas of te klop die Minimum slaag telling (MPS). groot! nou, Wat is die punt? Ongelukkig, die MPS is nie publiek kennis of 'n eenvoudige nommer vir jou om na te streef na. Selfs al is die MPS nooit ekstern bekend, kanse is dit 'n maksimum rondom 70%.

Na elke eksamen administrasie, die CFA® Institute Board of Governors stel die MPS vir elke vlak. Hulle nader die puntestelsel in hierdie manier om regverdigheid aan kandidate oor administrasies as die probleme van elke eksamen verseker word in ag geneem word by die opstel van die MPS. Sodra die MPS is ingestel, the CFA® Institute generates the results of the candidates who took the exam to determine who passes and who doesn’t.

Hoekom Etiek kan besluit of jy slaag of druip

As jou resultate is borderline, skrapers sal terug te gaan en kyk hoe jy in die afdeling Etiek gedoen. As jy sterk presteer, jou borderline telling word 'n verbygaande graad. As jy versuim het om die artikel Etiek, jou borderline telling verander in 'n versuim.

hierdie "etiek Aanpassing"Ingestel deur die Raad van Direkteure te klem op etiek plaas. Dit begin in 1996 en dit het geword 'n faktor in die pas / misluk besluit vir diegene tellings wat grens is. Dit kan óf 'n negatiewe of positiewe impak vir jou, so maak seker jy Etiek gee die liefde wat dit verdien en weet dit baie goed, sodat jy kan daardie ekstra hupstoot as dit nodig is.

Die hantering van die onsekerheid Factor

Jy is waarskynlik nie gevoel te gerusgestel deur nou, veral met die wete dat die MPS is nie publiek kennis. En as nommer mense, dit kan moeilik wees om so 'n onsekerheid sluk wanneer ons weet hoeveel is op die spel. Die enigste manier om te gaan met dit is om as bereid wees as wat jy kan. Maak seker dat jou etiek is solied as hulle kan help tip die balans in jou guns en maak seker dat choose the right CFA® prep course om jou studie doeltreffendheid te maksimeer. Ken jou leerstyl, en arm jouself met die beste gereedskap om jouself toelaat dat die beste kans om te slaag.

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What Are the Differences Between the CFA® Exam Levels?

To become a CFA® agent, moet jy vlakke te slaag 1, 2, en 3 of the Chartered Financial Analyst Exam®. Jy sal getoets word op 'n verskeidenheid van onderwerpe wat om die gesogte posisie relevant is. Maar wat presies is die verskille in terme van struktuur en materiaal tussen die verskillende eksamen vlakke?

CFA® Level 1

The first CFA® exam you must take is 6 uur lank en is opgebreek in twee drie uur sessies-een in die oggend en een in die middag. Tydens elke sessie, jy moet beantwoord 120 vrae, wat lei tot 'n totaal van 240 vrae. Dit bring jou tot 'n gemiddeld van 1.5 minute aan elke vraag te beantwoord. Hierdie meervoudige keuse vrae vrystaande, wat beteken dat hulle nie afhanklik is van mekaar.

Hierdie vlak fokus op basiese konsepte van gereedskap, etiese en professionele standaarde, belegging waardasie, en portefeuljebestuur. The ethics are a big part of this level and the remainder of the CFA® exam (vlakke 1, 2, en 3). Jy sal hê om die ken etiese kode, professionele standaarde, en die Global Investment Prestasiestandaarde (GIPS) om in staat wees om die baie vrae hierdie afdeling beantwoord. Afhangende van hoe jy presteer op alle ander onderwerpe, jou telling op etiek kan besluit of jy slaag of druip.

Daar is baie van Vlak 1 sal jy toets op finansiële verslagdoening en analise. weer, jy wil 'n stewige fondament in hierdie gebied te bou tydens jou studies te verseker dat jy sal goed doen op die daaropvolgende vlakke. Jy sal gevra word om die drie finansiële state te interpreteer (balansstaat, inkomste staat, en kontantvloei), en verstaan ​​die verhoudings en ander komplekse konsepte soos inkomste-erkenning, inventaris analise, langtermyn bates, en belasting.

In bykomend tot etiek en finansiële verslagdoening, vlak 1 sal 'n wye spektrum van onderwerpe dek, insluitend alternatiewe beleggings, afgeleide instrumente, vaste inkomste, ekwiteitsbeleggings, portefeuljebestuur, korporatiewe finansies, en kwantitatiewe metodes. Sommige onderwerpe kan proporsioneel meer tyd om te studeer as ander vereis. Maar, Dit is belangrik om nie net die inligting te onthou, maar ook om 'n diep begrip van konsepte in besit te neem ten einde later daarin slaag om in die eksamen. Dis hoekom studente wat hul studie aan te vul met 'n addisionele toets bank of video lesings geneig is om beter as diegene wat wat die absolute minimum doen vaar.

CFA® Level 2

Terwyl ook bestaan ​​uit meervoudige keuse vrae, vlak 2 is anders gestruktureer as Vlak 1. Vrae georganiseer in groepe van ses met die naam "item stelle." Elke item stel sal 'n mini case-stelling gevolg deur die meegaande ses vrae. Dit is moeilik, as die vrae is afhanklik van mekaar, wat beteken dat as jy een verkeerd verstaan ​​nie, kanse is jy al 6 verkeerde. Daar sal 'n totaal van wees 20 item stelle geskei deur die twee sessies-tien vir die oggend en tien vir die middag.

vlak 2 of the CFA® exam focuses on the application and analysis of concepts learned in Level 1. Dit beteken daar sal vrae oor bate waardasie wees, billikheid, en vaste inkomste. So as jy studeer goed genoeg vir Vlak 1, hierdie volgende vlak sal jy jou kennis te bewys deur middel van aansoek.

Finansiële verslagdoening en analise is 'n belangrike deel van Vlak 2. Die belangrike konsepte is verantwoordelik vir voorrade, rekeningkunde vir langlewende bates, rekeningkunde vir huurkontrakte, inter-korporatiewe beleggings, rekeningkunde vir verkrygings, belangstelling entiteite veranderlike (vies), en finansiële verslagdoening gehalte. Jy sal hê om die proses en beginsels weet deeglik ten einde hul aansoek korrek te gebruik.

Jy sal gekonfronteer word met konsepte in korporatiewe finansies in baie vrae. Jy sal hê om te weet sleutelbegrippe soos kapitaalbegrotings, kapitaalstruktuur, dividend en terugkoop beleidskwessies, korporatiewe bestuur, en samesmeltings en verkrygings.

The CFA® Level 2 eksamen is 'n bietjie moeiliker as Vlak 1 aangesien jy gevra word om konsepte te kan toepas, eerder as om net te verstaan ​​hulle. so, it’s critical that you spend time practicing and taking CFA® mock exams, terwyl die lees van jou swakker areas in jou voorbereiding. Wiley bied 3 vol spot eksamens wat wyd beskou as die beste te wees, terwyl Bloomberg het 8 vol spot eksamens, meer as enige ander toets prep maatskappy.

CFA® Level 3

Hierdie vlak word slegs in Junie en opgestel anders as die vorige vlakke. Jy het nog oggend en middag toetssessies, maar die tipe vrae sal anders wees. Jou oggendsessie sal insluit 10-15 opsteltipe vrae. Hierdie vrae kan jou 'n situasie waar jy jou eie aanbeveling of oplossing moet produseer. Die middagsessie sal bestaan ​​uit 10 item stelle, soos die vraag formaat van Vlak 2.

vlak 3 fokus op portefeuljebestuur en rykdom beplanning, waaruit die helfte van die punte van die hele vlak. Jy sal hê om portefeuljebestuur konsepte in beide oggend en middag sessies soos gedrags- finansies in die gesig staar, risiko bestuur, en individuele en institusionele rykdom.

Die aantal begrippe wat getoets kan word is beperk, maar belangrike. Een hoogs getoets konsep is die Verklaring Beleggingsbeleid en sy komponente. Ekonomie, wat getoets op in beide Vlak 1 en 2, ingesluit onder portefeuljebestuur in hierdie vlak. Ander belangrike konsepte is die bestuur van portefeuljes van institusionele beleggers, batetoewysing, risikobestuur aansoeke en evaluering portefeulje prestasie.

die Vlak 3 eksamen is waarskynlik die moeilikste van al drie vlakke aangesien baie van die vrae gestel in opstelformaat. Die sleutel tot sukses is om soveel opsteltipe vrae as moontlik en meester onderwerpe wat spesifiek verband hou met portefeuljebestuur oefen, wat is die kern van hierdie vlak. Ek beveel om 'n studiegids vir Vlak 3 spesifiek, aangesien die formaat is so anders as beide afdelings 1 en 2.

How to Pass CFA® Level 1How to Pass CFA® Level 2How to Pass CFA® Level 3

Now that you know more about the three different levels of the CFA® exam, jy moet begin om 'n soliede plan vir jou toets voorbereiding. Die skep van 'n eerlike studie skedule en bewapen jouself met 'n beter toets prep kursus is jou beste moontlike beweeg na elke vlak suksesvol verby op jou eerste drie. Vermindering van die stres en angs in jou voorbereiding regtig begin met 'n selfversekerde besluit in jou toets prep kursus.

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How Much Does it Cost to Get a CFA®

seker, jy weet the many benefits that come from being a CFA®, maar weet jy die presiese koste wat verband hou met om na daardie punt? goed, kan ons nie in staat wees om vas te pen 'n presiese koste, maar ons kan redelik naby kom. Daar is 'n baie materiële sake wat 'n invloed kan die algehele prys van die CFA reis, maar ons kan uiteensetting van die basiese beginsels vir jou.

Voordat ons duik in die basiese getalle, you can expect the cost of becoming a CFA® to be around $5,500. Dit is 'n mid-vlak skatting, so laat ons sien presies wat jy gaan om te betaal.

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CFA® Exam Application Costs

Kom ons begin by die begin. so, jy werk in 'n finansiële job, sien 'n paar van jou maats klim die leer 'n bietjie vinniger, en wil skerp jou CV en staan ​​by jou maatskappy. Die beste manier om dit te doen, is om 'n finansiële sertifisering te kry, wat dikwels beteken dat jy gaan nodig om te studeer vir, neem, and pass the CPA or CFA®—these are the two most common designations, maar daar is baie meer.

'N Geoktrooieerde Finansiële Analis hou 'n bietjie meer gewig as om jou CPA-mense kan redeneer oor hierdie, maar die getalle lieg nie-vir baie finansiële instellings. Alhoewel die toets is moeiliker, die moeilike proses bring jy 'n ton van respek. Dit is ook geneig om 'n bietjie meer as die CPA kos, maar dit is die moeite werd.

The first payment for the CFA® exam is a one-time enrollment fee of $450. so, as jy slaag of indien u versuim om een ​​van die drie vlakke te voltooi, jy nog steeds betaal dieselfde bedrag. Vir dié van julle wat hier lees met pen en papier gereed om die totale koste te bereken, dit is die eerste van vele uitgawes.

CFA® Exam Registration Costs

Dat hele eenmalige fooi ding, dit is nou gedoen. Wanneer jy registreer vir Vlak 1, vlak 2, of Vlak 3, jy gaan 'n skedulering te betaal vir elk van die individuele eksamens. Die koste vir elke vlak is dieselfde, maar hoeveel jy betaal is afhanklik van wanneer jy eintlik registreer.

vroeë Registrasie: $650

Gereelde Registrasie: $930

laat registrasie: $1,380

Soos jy kan sien, dit betaam jy so vroeg as moontlik te registreer, as die koste meer as verdubbel as jy dit nie doen nie voor die einde van Sperdatum vir registrasie. so, Kom ons mik vir die middel met betrekking tot jou potensiaal tydigheid en sê dat jy gaan om te betaal $930 per afdeling. Dis $2,790 vir al drie vlakke, Dit bring die totale op hierdie punt in die proses om $3,240. Jy dink "Goed, lekker, dit is nie te vreeslik!"Maar, jy vergeet wat jy nodig het om te studeer vir die eksamen.

CFA® Exam Review Course Costs

You need to study for the CFA® exam, tensy jy 'n soort van savant. ernstig al, niemand gaan hierdie eksamen sonder om in Ure en ure van die studie vir elke vlak. CFA® exam review courses come in all shapes and sizes, maar die reeks is geneig as volg te wees:

vlak 1 kursusse: $400-$1,600

vlak 2 kursusse: $400-$1,500

vlak 3 kursusse: $300-$1,350

Weereens, Ons gaan poog om 'n middel-van-die-pad loop, wat jy min of meer mag gee $900 per vlak. so, die eenvoudige wiskunde nie te doen vir jou, maar laat ons in elk geval doen dit: dis $2,700. Om hierdie punt, jy is op soek na $5,940.

As jy aandag betaal het terwyl lees, jy kan sien dat die verklaarde "totale" koste nogal 'n bietjie kan wissel. As jy jou sake agtermekaar en vroeë registreer, jy kan amper red $1,000, of meer as dubbel wat in vergelyking met die laat registrasie koste. Review kursusse is redelik oor die hele plek, prys-wys, sodat jy kan 'n baie meer betaal of 'n veel minder.

basies, jy kan uiteindelik so min as die betaling $3,500 of so veel as $ 8500…As jy leef naby aan die toetssentrums en slaag die eerste keer.

Potensiaal Ekstra Koste

Kom ons kom terug na die oorspronklike "middel" aantal $5,940. Hierdie getal kan aansienlik verhoog as jy nie naby 'n gelisensieerde toetssentrum. Jy sal moet faktor in vliegkaartjies, hotel koste, en 'n aantal ander nodige uitgawes (kos, water, taxi fare) As jy op reis is om die eksamen te neem.

Nog 'n groot koste wat aangegaan mag word is die herhaling eksamen fooi. Jy gaan alles weer te moet betaal vir elke vlak, maar nie vir die aanvanklike inskrywingsfooi, aangesien dit 'n eenmalige koste. so, miskien sal die moeite werd om meer te betaal vir 'n werklik deeglike hersiening kursus en 'n bietjie meer tyd te bestudeer om die Tweede eksamen proses te vermy, wat kan wees $650-$4,140 afhangende van hoeveel eksamens jy misluk en wanneer jy in staat is om te registreer is.

It’s not cheap to become a CFA®, maar dit is beslis die moeite werd in die lang termyn. Jy belê in jouself en jou loopbaan as jy die neem van hierdie eksamen, so seker wees in die tyd en moeite om dit die moeite werd te maak om te sit.

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CFA® vs CPA

CFA® vs CPA®, Watter een is beter? Die Certified Public Accountant® (CPA) en Chartered Financial Analyst® (CFA) benamings is twee van die mees gesogte geloofsbriewe in die finansiële veld.

Many finance professionals choose to pursue these qualifications because they want to improve their career options, word bevorder, of maak meer geld.

Elke loopbaan het duidelike verskille in opvoedkundige vereistes, verantwoordelikhede, en geleenthede. Die beste manier om te kies watter sertifisering na te streef is om te verstaan ​​hoe dit verskil.

CFA® and CPA® Differences

CFA® is the professional credential offered by the CFA® Institute to investment and finance professionals. The CFA® is recognized worldwide and is the equivalent of a master’s degree in finance with minors in economics, Rekeningkunde, statistical analysis or portfolio management. For those who are interested in a career as an equity analyst, fondsbestuurder, Batebestuur, of hedge fund bestuurder, the CFA® is an excellent choice.

CPA®, aan die ander kant, is the title held by accountants in the United States who have passed the Uniform Certified Public Accountant Exam and have met additional state education and experience requirements for membership.

Oorspronklik 'n aanwysing vir openbare rekenmeesters, the CPA® is now highly relevant for non-public accountants, belasting rekenmeesters, en finansies professionele sowel. CPAs also have legislative rights to sign certain tax forms and audit reports, wat gee hulle addisionele etiese en professionele verantwoordelikheid. Each individual state’s laws govern the different functions a CPA® may perform.

Vir beide benamings, candidates must meet certain educational requirements in addition to passing the exams; egter, to become a full-fledged CFA you must also have 4 years of qualified investment experience.

CPA® versus CFA® Exams

The CPA® eksamen

There are four parts to the CPA® eksamen. The exam is uniform throughout the US, meaning that the content and structure is the same in every state.

There are specific windows in which candidates can schedule the CPA® exam. Each window is two months long, and there are a total of four exam windows throughout the year: Jan/Feb, Apr/May, Jul/Aug, Oct/Nov. As of 2012, the individual parts and content are as follows:

  1. Business Environment and Concepts
  2. Financial Accounting and Reporting
  3. Audit and Attestation
  4. Regulation

Pass rates for the exam are typically 50% or slightly lower, and the exam is only offered in English. in 2014, cumulative pass rates for the four parts of the CPA exam were 46.35%, 55.46%, 47.60%, en 49.41%.

The completely computerized exam consists of multiple-choice questions, task-based simulations (case studies), and written communications. Testing centers in Japan, Brazil and four Middle Eastern countries make it possible for candidates outside of the US to sit for the CPA exam as well.

The CFA® eksamen

Compared to the CPA® exam, the format for the CFA® is much less flexible. Three levels of the exam must be passed sequentially, and the CFA institute recommends that candidates begin to prepare at least six months in advance (at least 300 hours of study) for each of the three levels of the exam.

The CFA® exam is offered only on specific dates. You cannot schedule this test at your convenience, as kandidate regoor die wêreld neem die eksamen op dieselfde dag. The CFA® Level I exam is offered twice each year, in Junie en Desember, maar Vlakke II en III word slegs een maal per jaar aangebied in Junie. Unlike the CPA® exam, the CFA® is a pencil and paper test, eerder as om rekenaar-gebaseerde.

in 2016, 43% van eksamen-nemers verby die Vlak I eksamen (Junie), 46% verby die vlak II eksamen (Junie), en 54% verby die vlak III eksamen (Junie).

CPA® vs CFA® Salary

CPAs verdien enigiets tussen $40,000 en $120,000 of meer, terwyl CFA® salaries tipies val tussen $70,000 en $150,000 of meer.

algehele, die CPA is die meer algemeen erken, veiliger, en meer tradisionele pad vir diegene wat belangstel in 'n loopbaan in finansies of rekeningkundige. In kontras met, die CFA is waarskynlik 'n beter opsie vir diegene wat loopbane as finansiële adviseurs, beleggingsbankwese ontleders, portefeuljebestuurders, private bankiers, navorsing ontleders, en handelaars.

In die keuse van 'n loopbaan, jy moet bepaal wat jou interesseer meeste oor finansies en of jy 'n risiko-nemer of meer tradisionele. Die CFA het 'n laer inskrywing versperring, maar neem baie langer om te voltooi (dit neem die gemiddelde kandidaat 4 jaar na al drie vlakke van die eksamen te slaag en kry die diploma). Becoming a qualified CPA® is a more flexible process that can be accomplished within a much shorter time frame. Both certifications are valuable and worth the time and money invested if you are planning for a successful career in the financial industry.

If you ultimately decide that becoming a CFA® is the right path for you, then you need to prepare yourself as best as possible. Een van die eerste stappe in jou voorbereiding moet jy 'n toets prep wat jy sal lei tot sukses!

START STUDYING FOR THE CFA® EXAM


FRM® vs CFA®

There are many opportunities if you are interested in building a career in the world of finance. The FRM® and and the CFA® are two top certifications in the financial industry that are internationally recognized.

Attaining these rigorous certifications can improve your chances of rising to the top of your field, but which qualification is best for you?

Om jou te help besluit, we have summarized the differences between these two certifications and the main reasons for pursuing them below.

CFA®

Die Chartered Financial Analyst® (CFA) credential is the professional qualification offered by the CFA® Institute for investment and finance professionals. A CFA® is recognized worldwide and is comparable to holding a master’s degree in finance with minors in economics, Rekeningkunde, Statistiese analise, of portefeuljebestuur. Vir meer inligting oor die voorbereiding vir die eksamen, sien ons vergelyking van die Best CFA® Study Materials.

Some of the main requirements for becoming a CFA® charter holder include completing a university degree (of ekwivalent), met vier jaar van professionele Werksondervinding, agreeing to follow the CFA® Institute’s Code of Ethics and Standards of Professional Conduct, passing all three levels of the CFA® exam, becoming a member of the CFA® Institute, and applying for membership in a local CFA® society. Here are more details concerning CFA® requirements.

If you are interested in a career as an equity analyst, fondsbestuurder, Batebestuur, of hedge fund bestuurder, the CFA® is an excellent choice.

FRM

Die Financial Risikobestuurder® (FRM®) aanwysing is 'n internasionale professionele sertifisering offered by the Global Association of Risk Professionals. To achieve the FRM® designation, you must complete a challenging, two-part, practice-oriented examination that covers the major topics in financial risk management. You must also demonstrate two years of relevant professional work experience. This designation is not as broad as the CFA® and is most useful for you if you focus on risk management in the financial industry.

See our comparison of the best FRM exam study materials.

CFA® vs FRM® Exams

The CFA® Exam covers a broader range of financial topics than the FRM®. Dit sluit in etiese en professionele standaarde, kwantitatiewe metodes, ekonomie, finansiële verslagdoening en analise, ekwiteitsbeleggings, en vaste inkomste. Vir meer besonderhede oor hoe die verskillende onderwerpe word geweeg vir hierdie eksamen, kliek hier.

You must complete each level of the CFA® exam before you can move on to the next. The CFA® Institute recommends preparing for each exam at least 6 maande vooruit en studeer vir ten minste 300 uur vir elke vlak. Dit neem die gemiddelde kandidaat 4 jaar na die diploma te verwerf.

The CFA® exam is only offered once a year in June (behalwe die Vlak I eksamen, wat twee keer per jaar aangebied word, in Junie en Desember). Die eksamen bestaan ​​uit twee drie-uur sessies, een in die oggend, die ander in die middag. Alle kandidate neem die eksamen op dieselfde dag. The CFA Institute offers the exam at test centers in many locations around the world.

The FRM® Exam is different in that it focuses on the topic of risk management in various areas of the financial industry. Both parts of the FRM® Exam are pencil and paper multiple-choice exams. Slegs in Engels aangebied, hierdie eksamen kan slegs geneem word op twee dae per jaar (in Mei en November.)

Elke deel van die FRM eksamen is vier uur lank. You can choose to sit for one or both parts of the exam on the same day, egter, as hulle nie Deel I in die oggendsessie, Deel II van die eksamen (geneem in die middag) sal nie gegradeer. Deel I bevat 100 meervoudige keuse vrae, en Deel II bevat 80 meervoudige keuse vrae.

FRM® vs CFA® SALARY

The median annual salary for a CFA® with one to four years of industry experience is approximately $68,383. In general, CFAs can expect to earn between $65,000 en $150,000 or more a year.

In comparison, the average salary for those with FRM® certification is approximately $86,000 a year.

Note that salaries will vary significantly according to type of employer, location, industry, and professional experience.

The financial services industry is an extensive field and a number of different qualifications and certifications can help you rise through the ranks to reach the top of the profession. Additional certifications will take time, energy and money to attain, but may very well be worth it if they give you a competitive edge in the job market.

If you ultimately decide that becoming a CFA® is the right path for you, then you need to prepare yourself as best as possible. Een van die eerste stappe in jou voorbereiding moet jy 'n toets prep wat jy sal lei tot sukses!

START STUDYING FOR THE CFA® EXAM


How to Pass CFA® Level 1

You’ve decided you are ready to take on the challenge of the CFA® exam and become a Chartered Financial Analyst® (CFA®). Maak seker dat jy hierdie deurdink, want dit gaan 'n moeilike paar jaar wees. Selfs al is net 20% of the people who take Level I make it all the way to the end and earn their CFA® license, daar is geen geheim aan die verbygaan van die eksamen.

You will need an organized and disciplined approach to conquer this beast. I’m here to help you through it, starting with Level I. Trust me, you don’t want to just dive in, as you want to have an idea of your overall studying strategy.

Start Studying Earl

You have about 300 hours of studying ahead of your for Level I, so I suggest starting 5 om 6 months before your exam date. There is a lot of material—an understatement if there ever was one—so it is important to pace yourself. This will help prevent you from burning out before exam day arrives. I also strongly recommend you use a CFA® test prep course to aid your self-studies, in addition to the CFA® Institute syllabus.

Make a Study Schedule

The material for Level I is generally not difficult to understand for any business-savvy person, but the amount is substantial—you’re going to see a lot of your basic econ 101 material, but also a ton of higher level concepts weaved into this mix. Some test prep guides will suggest 250, but the average amount of time spent studying for passing candidates is around 313 ure. Don’t underestimate the time and effort it takes to pass this exam. If you’ve already put in 280 hours of work, what’s another 20 of 30 in the grand scheme of things?!

A crucial step in passing the CFA® is setting a strict study schedule for yourself to tackle the mountains of material ahead of you. If you can stick to your schedule and really avoid skipping any planned sessions, then you have the self discipline to pass Level I and ultimately the entire CFA® exam. I thought about it like I was the kid who had to watch the other children play while I was inside doing homework—it wasn’t fun, but I knew there was a reason behind it all.

Don’t Forget About Ethics

After reading the curriculum, a big mistake you could make is to ignore the Ethics portion. This is a bad call since the Ethics material will extended to all three levels of the CFA® exam. You should be able to understand Ethics for Level I so when you move forward to the other levels you will have a strong base set in place.

It’s rumored that you cannot pass the exam without passing Ethics. This is technically not true because you can skip Ethics if you crush everything else, although that’s extremely rare. BUT, your score in Ethics will decide whether you pass or fail if you are close to the minimum passing score. The “ethics adjustment” will determine whether you crash or burn. It’s always a good idea to seek out additional CFA® test prep materials if the CFA® Institute curriculum is too dry for you.

Practice, Practice, Practice Exams

The most important part of your study schedule is the practice exams. Many will plan to study the material up to right before the exam day, but largely ignore the practice tests. This is a huge mistake and leads to a below-passing score. You should give yourself plenty of time (some say around a month) before the exam to take as many practice exams you can. A good rule of thumb is to shoot for 6 practice exams before test day.

The purpose of practice tests is to let you know if your hours of studying have paid off. Practice tests pinpoint your strengths and weaknesses, telling you which areas need more work and what topics you have mastered. They will also help you gauge the time it takes you to complete the exam, which is a concern for Level I. Utilize the practice exams in your test prep course, and you will significantly improve your chances of success.

Keep an Eye on the Time

There are 240 questions in Level I and a limited amount of time. Level I is the most time restricted in terms of the volume of questions that need to be answered, so the risk of not finishing is always there. If this happens to you on test day, it is better to guess blindly for the rest of test than nothing at all. There is no penalty for guessing.

Shoot for 70%, But Don’t Worry if You’re Lower

The Minimum Passing Score (MPS) set by the CFA® Institute will never be higher than 70%. This means that the highest score bracket for passing a specific topic is 70%-100%, but you do not need to reach that in every topic to pass, as long as you can make up for losses in another topic.

You should aim for 70% or higher in your practice exams so on test day you will be confident that you are at least close to passing on the topics with which you are struggling and exceed that level in your stronger areas. Remember, 70% in the actual exam equals success, but below 70% does not always mean failure.

Get Ready for Exam Day

After months and months of studying, you might forget to give yourself time to prepare for the exam. You will need to sort out the logistics of exam day to avoid running into any surprises that can fluster you on test day. Read up on what to bring on exam day and you may want to check out where the test center will be beforehand. Don’t put your efforts in vain by forgetting your passport or some other logistical error. These details should be the least of your worries before taking the CFA® Level I exam. Beste wense!

Start Studying for the CFA® nou!

 

Which Jobs are Open to CFA® Candidates?

CFA Group WorkingIt’s easier to see the light at the end of the tunnel if we understand exactly from where that illumination comes. In other words, knowing what jobs are open to CFA® charterholders makes studying for the levels of the exam a little easier.

I passed each section of the CFA®, but I knew WHY I was taking the test in the first place. I had a role at my company for which I wanted to be qualified, and getting the CFA® accreditation was the only thing standing between me and that position (which came with a considerable raise).

so, let’s walk through the great and high-paying jobs that are open to charterholders to help make studying for the CFA® exam a little easier.

CFA_Job_Opportunties

Click to View CFA® Job Opportunities PDF

Portfolio Manager

Okay, so this is the most common destination for charter holders. After passing the exam, almost a quarter of CFA® accredited financial employees will end up as portfolio managers—that number changes, but it’s generally true, according numbers from the CFA® Institute.

Wat presies beteken hierdie rol behels? basies, dit is 'n navorsingsintensiewe posisie vir mense wat goed georganiseerde en in staat wees om beide algemene en spesifieke mark tendense te verstaan. Die grootte van die firma sal bepaal of jy gaan om te gaan met 'n enkele fonds of 'n groter belegging groep. Ongeag van die grootte van die fonds, egter, jy gaan praat met ander navorsers, hantering van kliënte, vergadering met interne ontleders, bestudering van die markte, en uiteindelik die maak van beleggingsbesluite.

Dit is 'n rol wat 'n staatmaker in die beleggingsbedryf sal wees vir die komende jaar, met 'n verwagte opswaai in indiensneming groei gesien word deur die Buro van die Labor Statistics.

hoof Uitvoerende

goed, hierdie rol is redelik selfverduidelikend, as dit gewoonlik gesien as die nie-raadslid toppunt van elke maatskappy. Having a CFA® accreditation won’t guarantee you this corner office, maar dit sal beslis 'n stewige fondament waarop om jou saak te bou vir die beveiliging van die rol wees.

Die meeste uitvoerende hoofde van bekende maatskappye het 'n soort van sertifisering, accreditation, or advanced degree. While many people think the MBA is the overpowering initialism to throw after their name, some could argue that the CFA® is harder to get. Given the total amount of studying time, the more concentrated nature of the test, and the fact that you likely are studying while working full-time, passing all three levels of the CFA is more than enough to land qualified candidates the CEO job.

Research Analyst

This is a job that’s similar to the portfolio manager in that it requires a significant amount of research, but it’s more intensive and less management based. In plaas daarvan, you’re doing most of the data culling and leg work. People who favor doing cerebral work that will get used to make larger decisions outside of their own office will love this position.

If you land this job, your analysis will be used to make recommendations on trades and securities. Though you’re not going to be the one who is pulling the levers at your firm, jou navorsing en effektief jou woord sal beïnvloed die aandelemark. Op grond van jou insette, voorraad waardasies en futures sal wissel-dit is nogal 'n bietjie van krag.

As gevolg hiervan, die Securities and Exchange Commission is baie betrokke in hierdie sektor van die finansiële bedryf, wat weer dui op die belangrikheid van hierdie rol. Binne hierdie titel is daar drie moontlike areas van werking: jy óf gaan wees koop-kant, sell-side, of werk deur onafhanklike ontleding. Op grond van hierdie benaming, jy sal jou vlak van invloed te sien op die mark of kliënte wissel aansienlik.

konsultant

Raadgewende werk wissel nogal 'n bietjie van bedryf tot bedryf, en dikwels sal heel anders binne sekere sektore van die finansiële wêreld. If you have relevant employment experience and have passed all three levels of the CFA® exam, jy sal 'n hele paar geleenthede om 'n paar konsultasiewerk doen het.

Although the CFA® is geared toward portfolio and asset management, there’s opportunities outside of this specific area of operation. Even within that specific sector, egter, there’s still plenty of roles for you if you prefer the consulting-type of role.

Corporate Financial Analyst

This position is extremely important, as it basically ensures that a business is operating in a manner that maximizes profit and solvency. This role would require a you to analyze past and present data, incorporate projected performance numbers, en dan te meet hierdie inligting teen dié van mededingers en die mark as 'n geheel.

Dink aan hierdie rol as die sonar operateur op 'n duikboot. Jy is nie die kaptein of die hoof van personeel, maar jy gaan om seker te maak jy vermy probleemareas, bly op die hoogte van die vyand posisies, en berei die vaartuig vir onmiddellike optrede. Those who pass all three levels of the CFA® will be able to make quite an impact on any company in this role. Geslaag deur al drie vlakke vereis dikwels neem van 'n hersiening kursus. Kyk bietjie na ons exclusive CFA® discounts en begin voorberei vandag!

risikobestuurder

Soos die korporatiewe finansiële ontleder, hierdie rol sal verseker dat die maatskappy bly kop bo water. This role requires you to use your specific training and your CFA® knowledge to assess potential risks and implement strategic planning to minimize potential losses for a given company.

There are a number of things that a Risk Manager needs to monitor, insluitende regulasies, interne riskante gedrag, en werknemer tendense.

Now that you know the job opportunities that are waiting for you, take the first step in becoming a CFA® with one of the best CFA® review courses!

Start Studying for the CFA® nou!

CFA® Salary Breakdown

CFA SalarisBy die oorweging van die vraag of 'n professionele graad of kwalifikasie te streef, twee belangrike faktore beïnvloed dikwels die besluit: beter leef jou loopbaanvooruitsigte en verdien 'n groter inkomste.

Daar is 'n paar konsensus dat, na 'n sekere punt in jou lewe, die posisie en die werk profiel saak meer as die salaris. Dit is waar 'n sekere mate, maar salaris bly 'n belangrike oorweging in enige loopbaan veld.

Die Chartered Financial Analyst (CFA®) program is een van die mees gerespekteerde benaming in die finansiële veld. Salaris speel 'n integrale rol in die besluit om 'n CFA geword®, so let’s look at the different aspects that affect the salary of a CFA® professionele.

The salary of a CFA® is based on various factors, insluitend ervaring, Opvoedkundige Kwalifikasies, posisie in die organisasie, tipe werkgewer, en geografiese ligging. Byvoorbeeld, CFA® charter-holders who work for multinational companies typically earn more than those who work for smaller firms.

Average CFA® Salary

ONDERVINDING

CFAs with one to four years of industry experience can expect to earn a median annual salary of approximately $68,383, whereas those with five to nine years of experience will typically earn an average of $87,732 (bron: www.payscale.com). Professionals met meer as 20 jaar ondervinding betaal 'n gemiddelde salaris van ongeveer $155,100.

(Let daarop dat hierdie is mediaan salarisse, Dit beteken dat daar baie mense wat óf min of meer wat die figure verdien sal wees.)

WERKSTITEL

A great way to compare CFA® salaries is by job title. Financial analysts tend to have lower-paying CFA® positions, verdien salarisse tussen $43,218 en $78,374 (www.payscale.com). Chief Financial Officers typically have higher-paying positions, and earn between $67,786 en $217,242 (www.payscale.com). Investment analysts fall somewhere in the middle and can earn between $43,364 en $86,300 (payscale.com).

(Note also that many CFA® charter-holders are compensated with bonuses and incentive pay that may not be reflected in reported salaries.)

COMPANY SIZE

The salary will also vary depending on the type of company or private firm that employs the CFA®. Private firms tend to pay more than smaller companies.

BY INDUSTRY

  • Financial Services – median salary of $83,812
  • Insurance and Financial Services – median salary of $91,006
  • Banking – median salary of $93,578
  • Investment Services – median salary of $78,816
  • Wealth Management – median salary of $77,526 (www.payscale.com)

CFA® Salaries by Region

Salaries also vary by city and state. Chartered Financial Analysts in New York and California can typically expect to earn more than their peers in Colorado and Pennsylvania. Byvoorbeeld, the median CFA® salary in New York City is $99,814, in vergelyking met $98,660 in San Francisco, $85,412 in Denver, en $86,375 in Philadelphia (www.payscale.com).

Hoewel begin pryse is beduidend anders in die land, die bedrag wat jy maak konsekwent verhoog met jou jare se ondervinding, wat kan die aanvanklike belegging van tyd en geld in die sertifisering moeite werd oor die lang termyn te maak.

The easiest way to determine how much your salary would increase and whether a CFA® charter would benefit your career is to ask peers and mentors for advice, en om salaris inligting na te vors vir jou teiken werk. Begrip van die vereistes vir die bereiking van die gewenste werk of vlak van senioriteit en dan die ontleding van watter eienskappe en professionele certificaties kan jy daar vinniger te kry is 'n noodsaaklike element van die beplanning van 'n suksesvolle loopbaan.


CFA® Requirements

CFA VereistesDiegene op soek na 'n voorsprong in die mededingende wêreld van finansies moet die voordele van die verkryging van die Chartered Financial Analyst oorweeg® (CFA®) Bewyse. Earning the globally-recognized CFA® charter demonstrates a high degree of specialized knowledge and skills used in investment analysis and decision making.

The CFA® credential is considered the gold standard in the field of investment management. Many CFA® charter holders go on to have successful careers as portfolio managers or research analysts at hedge funds and private equity firms. The difficulty and low pass rate of the three required exams ensure that this qualification will remain a sought-after distinction in the future. We have compiled the following information to help you make the decision.

CFA® Exam Registration

Several requirements must be met before candidates can enroll in the CFA® Program and register for the CFA® Level I Exam (die eerste van drie afsonderlike, 6-uur eksamen). Voornemende kandidate moet:

  • 'N Amerikaanse B-graad of ekwivalent, of in die finale jaar van graad program se hul BA ten tyde van die registrasie; of
  • Het vier jaar van werkondervinding; of
  • Het jy 'n kombinasie van werk en kollege ervaring dat ten minste vier jaar beloop
  • Maak seker dat hulle verstaan ​​die Professionele Gedragskode Verklaring en Kandidaat verantwoordelikheidsverklaring
  • Bereid wees om die eksamen te neem in Engels
  • 'N geldige internasionale reis paspoort (wat nodig is vir eksamen registrasie en toelating tot die toets sentrum)

Nadat jy hierbo voldoen aan die vereistes, jy behoort maak 'n rekening oop, en dan enroll in the CFA® program and register for an exam.

Die CFA® Certification

Those who meet all the certification requirements are referred to as CFA® charter holders. To obtain the CFA® charter, moet 'n kandidaat:

  • 'n universiteit-graad voltooi het (of ekwivalent)
  • het vier jaar van gekwalifiseerde, professionele Werksondervinding
  • agree to follow the CFA® Institute Code of Ethics and Standards of Professional Conduct
  • slaag al drie vlakke van die CFA® exam
  • become a member of the CFA® Institute, en
  • apply for membership in a local CFA® society

The Exam

The CFA® exam tests a large curriculum that is divided into three separate levels. The three tests must be taken in order, and they can be taken as many times as necessary. The exams increase in complexity according to level. Vlak I toets die basiese kennis van die standaarde en 'n paar ontleding, Vlak II toetse hoe om daardie standaarde van toepassing op tipiese situasies en behels meer komplekse analise saam met waardering bates, and Level III tests how to synthesize and apply the standards in a portfolio management and compliance context. See more about the CFA® exam hier.

The Level I exam consists of two three-hour sessions that include 240 multiple choice questions based on the Level I Learning Outcomes Statements (DIE) developed by the CFA® Institute.

The Level II exam consists of a 10-item set in the morning session and a 10-item set in the afternoon session of the exam. Each item set includes a case-statement and six multiple choice questions. Candidates must refer to the case-statement for information in order to answer six multiple choice questions correctly. There are a total of 120 meervoudige keuse vrae, in vergelyking met 240 on the Level I exam.

The Level III CFA® exam consists of essays in the morning session and item sets in the afternoon session. This exam has 10-15 questions that may have multiple parts. The Level III exam has a maximum score of 180 points.

The CFA® Institute offers the Level I exam two times per year at test centers in many locations around the world. Although the Level I exam is held twice a year (June and December), the Level II and III exams are only held once a year in June. The CFA® Institute recommends preparing for each exam at least 6 maande vooruit en studeer vir ten minste 300 uur vir elke vlak. Dit neem die gemiddelde kandidaat 4 jaar na die diploma te verwerf.

You must enroll as a CFA® candidate and register for the exam in order to sit for it. Those who register early have the option of a discounted rate ($630 for Level I); those who register on time will pay more ($930), and those who register late will pay the most ($1,380). Enrollment and registration fees include access to some study and curriculum materials. You can also lower the overall cost of becoming a CFA® through groot afslag on the best study materials available.

Given the large curriculum and many preparation hours that are required to pass this challenging exam, candidates should seriously consider enrolling in a CFA® exam review course. These courses can help identify strengths and weaknesses, bied geleenthede vir konsekwente studie en die voltooiing van die praktyk vrae, gee kandidate eweknie en / of instrukteur ondersteuning, en lei tot 'n groter kans van verbygaande elke eksamen op die eerste drie. Compare the different CFA® study materials today and get started on your journey to becoming a CFA®!

START STUDYING FOR THE CFA® EXAM


CFA® Exam Pass Rates

CFA Eksamen slaagsyfersDie Chartered Financial Analyst® Exam is notoriously challenging. Kandidate regoor die wêreld neem die eksamen op dieselfde dag, in óf Junie of Desember, afhangende van die vlak. (Slegs Vlak I word aangebied in beide maande, Vlak II en vlak III word slegs aangebied een keer per jaar in Junie).

As gevolg van die groot hoeveelheid materiaal bedek op die eksamen, the CFA® Institute suggests that candidates begin to prepare for each level of the exam at least 6 maande vooruit, en beveel aan ongeveer 300 studie-ure per vlak.

In onlangse jare, slaagsyfers vir die eerste twee vlakke is heelwat laer as 50%. The 10-year weighted average CFA® exam pass rate for Level I is 38%, vir Vlak II is dit 43%, en vir Vlak III is dit 54%. Dit neem die gemiddelde kandidaat 4 jaar na al drie vlakke van die eksamen te slaag en kry die diploma. Dit is duidelik nie 'n eksamen wat ligtelik geneem moet word. 'N Soliede program van voorbereiding is absoluut noodsaaklik.

CFA® Level I Pass Rate

According to the CFA® institute, onlangse slaagsyfers van die Vlak I eksamen het ietwat hoër was, met 43% kandidate wat in Junie 2016, en 43% of candidates passing in December (up from 42% respectively in 2015). Candidates who pass can begin to prepare for the Level II exam.

CFA® Level II Pass Rate

The percentage of candidates who pass the Level II exam is only marginally higher. in 2016, only 46% of exam-takers passed Level II.

Those who do not pass are required to retake the exam the following June. Candidates may take the exam as many times as they need to pass.

CFA® Level III Pass Rate

By the time candidates take the Level III exam, their odds of passing are greater, en die persentasie van diegene wat slaag blyk te wees, stygende. in 2016, 54% kandidate geslaag het in die vlak III eksamen, in vergelyking met 53% wat geslaag in 2015. That’s why it’s imperative to find the right CFA® kursus vir jou behoeftes, sodat jy konsekwent kan ontwikkel, doeltreffende studie gewoontes die kans te klop. Die Vlak III eksamen verskyn strenger met verloop van tyd te geword het, gegee dat slaagsyfers van die 1960's deur die middel van die 1990's tipies gewissel tussen 70-96 persent, met slegs 'n paar uitsonderings (see the CFA® Institute statistics hier).

CFA® Exam Locations

The CFA® exam is held in more than 180 stede in Junie, en meer as 60 stede in Desember. Die streek Asië-Stille Oseaan verantwoordelik is vir sowat 42% van die totale inskrywings, gevolg deur 36% in die Amerikas. Die oorblywende 22% kom uit Europa, die Midde-Ooste, en Afrika.

The CFA® continues to be the preferred certification exam of financial professionals worldwide. Selfs al is slaagsyfers laag, die gewildheid van hierdie kursus is op die opkoms, presumably because investment banks and financial institutions increasingly recognize the value CFA® charter holders bring to their organizations.

Overcome the odds and ensure your success on the exam through a solid CFA® review course!

START STUDYING FOR THE CFA® EXAM


CFA® vs MBA

CFA® or MBA, which is better? This is a question many business professionals ask themselves when they are mapping out their career paths.

The answer to this question depends on many factors, including your professional goals, background, and resources.

It’s important to know the difference between a Chartered Financial Analyst® (CFA®) designation and a Masters in Business Administration (MBA) because both require a significant investment of your time and money.

Differences between the CFA® and MBA

CFA® is the professional credential offered by the CFA® Institute to investment and finance professionals. The CFA® is recognized worldwide and is the equivalent of a master’s degree in finance with minors in economics, Rekeningkunde, statistical analysis or portfolio management. For those who are interested in a career as an equity analyst, fondsbestuurder, Batebestuur, of hedge fund bestuurder, the CFA® is an excellent choice. The CFA® is a more specialized credential than the MBA.

An MBA (or M.B.A.) is a master’s degree in business administration (management). Candidates typically attend a business school for an advanced degree rather than passing a series of certification exams. The main courses in an MBA program cover various areas of business, such as finance, Rekeningkunde, marketing, human resources, and operations management in a way that is more general and less specialized. The purpose of an MBA is to give students a broad understanding of a wide range of business-related topics to help them to become better analysts and managers as a whole.

Required Exams: CFA® versus MBA

CFA® eksamen

The CFA® exam is comprised of 3 separate tests or levels. You must pass the exams in order, beginning with Level I and ending with Level III, and cannot move on to the next level until you’ve passed the previous one. Candidates can take the exams as many times as they need to pass.

The CFA® is a challenging series of exams. The CFA® Institute recommends that candidates spend at least 300 hours preparing for each of the three exams, which comes down to 15-20 hours of studying a week for four to six months.

The CFA® exam is offered only on certain dates each year. All candidates must all take the exam on the same day. Part I is offered twice a year, in Junie en Desember, egter, the CFA® Level II and Level III exams are only offered once a year in June. This exam is a pencil and paper test (it is not computer-based).

The GMAT Exam for Admission to an MBA Program

The MBA is an advanced graduate degree. In order to apply to business school, students will need to have completed the equivalent of a bachelor’s degree, and most universities recommend or require a minimum of two to three years of work experience. One of the most important criteria of admissions to business school is the Graduate Management Admission Test or GMAT. If you plan to attend a top US business school, you must do well on this exam.

The highest score you can get on the GMAT is 800. Die average score on the GMAT is approximately 550, so a score of 600+ is considered good. A score of 700+ would put you somewhere in the 90th percentile of test takers.

Voltydse MBA-programme kan in twee jaar voltooi word, maar deeltydse en afgeleë MBA-programme is ook baie algemeen en kan langer neem.

CFA® vs MBA Salary

CFAs with one to four years of industry experience can expect to earn a median annual salary of approximately $68,383, whereas those with five to nine years of experience will typically earn an average of $87,732 (bron: www.payscale.com).

Die mediaan betaal vir MBA professionele met 1-4 years is approximately $60,516, en diegene met 5-9 jaar ondervinding verdien 'n gemiddelde salaris van $75,441 (bron: www.payscale.com).

(Let daarop dat hierdie is mediaan salarisse, Dit beteken dat daar baie mense wat óf min of meer wat die figure verdien sal wees, afhangende van hul werk, spesifieke bedryf, en geografiese ligging.)

Afsluiting

Advantages of the CFA® include the opportunity to earn a well-regarded designation through self-study at a relatively low cost. Die totale registrasiegelde vir al drie eksamens is minder as $4,000. Individue wat van plan is om hul loopbaan in finansies spandeer moet ernstig oorweeg hierdie opsie. Maar, As jy onseker is oor wat spesialiseer in finansies, 'n MBA kan 'n beter keuse wees, want dit is meer veelsydig en maak 'n loopbaan opsies in 'n verskeidenheid van gebiede in besigheid.

Bestuurskole kan ook baie duur wees. The average tuition for a full-time MBA in 2014 was greater than $60,000, with top schools charging more than $100,000. Scholarships are often available, part-time and online programs can cost less, and some companies offer tuition reimbursement, but those who take two years off of work to pursue the degree will have additional living expenses as well.

It’s important to assess your own situation to determine which opportunity is right for you before you make that significant investment of time and money. You can also test how prepared you are for your MBA program and what areas you can work on with this Pre-MBA preparation quiz. Or for more in-depth information on the GMAT, see Crush the GMAT.

If you ultimately decide that becoming a CFA® is the right path for you, then you need to prepare yourself as best as possible. Een van die eerste stappe in jou voorbereiding moet jy 'n toets prep wat jy sal lei tot sukses!

START STUDYING FOR THE CFA® EXAM