Chartered Financial Analyst or CFA is the mark of a highly qualified professional that can help you in all areas when it comes to finances and investments. If you really want to make a mark and get the attention of investors, receiving a cfa certification is the way to do just that. When people see the acronym CFA beside your name, they will associate you with excellence because this is the symbol of a true professional.
To gain the respect you deserve as a money manager or an investment adviser you need take the cfa course to prove you are one of the best in the business. Everyone that does business with you will be relaxed and confident that you can handle the job you have been given. Your title proves that you have completed the highest training available making you a skilled professional that they can trust.
Why is the CFA Such an Important Title
The reason it is such a high honor to hold the title of CFA is because to earn this, you have to pass three very difficult tests. These are considered to be the most demanding test provided for any industry found anywhere in the world. You have to know your business and be one of the best to pass all three of these tests. If you receive the title CFA you definitely are the best when it comes to dealing with anything related to money.
Anyone holding the title CFA has earned the right to say they are the best because it is one of the most prestigious titles awarded in the industry. You must have advanced knowledge in all the areas listed below.
- Macro economic theory
- Micro economic theory
- Debt instruments
- Portfolio management
- Interest rates
This is just a few of the skills needed, there are many more. For example, you must have the ability to listen to a client's unique situation and be able to determine their individual needs and know exactly what to recommend for them. You can't afford to guess, you have to know and give the very best advice around.
Once you have completed you a CFA program you will have the ability to understand the time value of money, interest rates, economic forecasting and understand the risk involved with each action that you recommend.
Information CFA Level 1
It takes a special person to take the CFA level 1 exam. You must meet specific requirements before you can take the test. You must have at least one of the requirements listed below before you can take the cfa test.
- You must have a bachelor's degree or be in the last year of earning one.
- You must have four years of work experience that is related.
- You must have four years of college and combined with work experience that is related.
This test covers every aspect that concerns finances and investing. It will have two hundred and forty questions that are multiple choices. This test is so exhausting that it needs to be divided into two separate sessions that are each three hours long. Normally you will have a two hour break for lunch in-between. You will be allowed to use a calculator at the level 1 exam but it must be one of the following two types, Hewlett Packard 12C or the Texas Instruments BA ll Plus calculator.
It is very important that you make sure you have plenty of cfa study materials to help you prepare for the Cfa test. You need to be completely prepared because there is no minimum passing score that is set in place. After taking the test you will not be told your score, all you will be told is if you passed or failed. It is a lot of money involved with these test along with many hours of your time so you can see why cfa exam preparation is so important.