career as a Charter Financial Analyst(CFA)

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A Chartered Financial Analyst (CFA) is a specialized professional who looks after financial decisions and investment policies of big companies. A Chartered Financial Analyst (CFA) is a person trained in areas of management accounting, financial management and investment. Earning a CFA charter demonstrates mastery of a broad range of practical portfolio management and advanced investment analysis skills that will be a limelight for one's career. CFAs are in great demand in the finance sector, especially banks, financial institutions, insurance companies, and large corporations.

Career Opportunities as a Chartered Financial Analyst (CFA)

  •          Portfolio Manager
  •          Research Analyst
  •          Financial Consultant and Advisers
  •          Corporate Financial Analyst

Important Eligibility Criteria:

  1. To become a CFA candidate, one must meet one of the following criteria:
    • Have a bachelor’s (or equivalent) degree,
    • Be in the final year of a bachelor’s degree program,
    • Have four years of professional work experience, or
    • Have a combination of professional work and university experience that totals at least four years
  2. To obtain regular membership of the CFA Institute (after passing all levels exams), the candidate should have 4 years of professional work experience either before, during or after joining CFA program, in the investment decision-making process.
  3. A valid international passport is required.
  4. The CFA Program is offered in a self-study format and is divided into three levels of exams. The Level I exam is held in June or December and other 2 levels of exams are held in June and offered at various test centers in India like: Ahmedabad, Bangalore, Chennai, Kolkata, Mumbai, New Delhi, Pune.
Pros and Cons related:
 Pros
  • A wide range of knowledge offered by the syllabus
  • Enhances business finance vocabulary
  • High demand and respect for individuals
Cons
  • Is a demanding field and time-consuming course
  • Is only an added certification, not a full-fledged career in itself
  • Requires patience to clear the exams

Work Description

  1. Make investment decisions based on business/ industry forecasts or economic conditions through analyzing financial information
  2. Monitor developments in the fields of industrial technology, business, finance, and economic theory
  3. Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programmes
  4. Track fundamental economic, industrial, and corporate developments by analyzing information from multiple channels
  5. Recommend investments and investment timing to companies, investment firm staff, or the public
  6. Determine the prices at which securities should be syndicated and offered to the public
  7. Prepare plans of action for investment, using financial analyses
  8. Evaluate and compare the relative quality of various securities in a given industry

Expected Salary:

CFA charterholders can be found in a variety of roles across the investment industry. Therefore, compensation can vary based on job function and region. Moreover, a significant amount of compensation in the investment industry takes the form of bonuses, so total compensation includes base salary, any bonuses, and long-term incentives. According to a 2019 study of CFA Institute charterholders and members worldwide, the average self-reported total compensation was nearly double the average base salary rate of US$175,000.

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