5 things you need to know about CFA

Well, CFA is becoming quite popular and it is not really tough to find those who are excited about enrolling in the course. But, what is CFA? CFA stands for Chartered Financial Analyst. The Institute is a global organisation of investment professionals. It also offers the certification which trains people to become efficient in ethical investment management practices. The CFA qualification is considered the gold standard when it comes to investment and portfolio management. Well, if you are interested in the course, these are some things you need to know.

The CFA certification has some requirements

Probably the most difficult part of earning the CFA charter is earning the educational requirements. You can get some help in this regard if you join a CFA course in Delhi. The certification would require you to clear three exams. Once you clear these exams, you would be required to have some work experience. You can get this experience before you appear for the exams, during the program or after you complete it. You would also need to have a few reference letters. If you have all of these, you can apply to join the CFA Institute as a member.

You should know about the different levels and the timings

You can give the exam for CFA Level 1 in June and December. However, the other two levels – Level 2 and Level 3 are only held once a year in June. The candidates need to pass each level in order to move on to the next level. The pass rates are around half for each exam. It is the lowest for Level I exams held in June at 43%. December level I exams have a higher pass rate at 45%. Pass rates for level 2 are also at 45%. Pass rates for Level 3 stand at 56%. This financial analyst course can help you greatly in your endeavour to get a job with a high salary. Also, CFA registration costs different according to the time of registration – early, standard or late.

The benefits of the CFA charter

The educational benefit is probably the first thing in this regard. You would learn a lot with respect to your field and you would be adding a lot of credentials to your CV. Your reputation would also get a good boost. People take a lot of time and dedication in earning the charter. They will recognise your potential and your chances of getting hired for a good position will definitely increase. This is a great reason for you to go through CFA registration.

CFA would have a huge impact on your career

There are some fields where the CFA charter has a lot of credit. Investment management is probably the most obvious one. The investment industry is becoming more commoditized and competitive over these years. So if a person wants to become a credible investment manager, it would become imperative for him to earn the charter. Not only investment management, there are some other professions as well where the charter would benefit. This includes economists, traders and analysts or even financial planners.

Sufficient time is needed to earn the certification

It would take quite some time for you to clear the CFA exams. So, if you are inching towards it, you should definitely have the motivation to clear the exams. It would be a huge investment in terms of time and money. You should not let it go to waste. The lockdown would be a great opportunity to get started.

 These are some of the things you would need to keep in mind before you opt for CFA.