How to become a CFA?

Hi, CFA is a reputed finance exam across the globe. With reputation, comes the dedication one needs to put to earn it. To earn CFA Charter, one needs to: Clear the 3 exam levels organized by CFA Institute Gain 4 years of relevant experience. However, these are only two small butter points, but needs lot of preparations and persistence to carry on. All the best.

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CFA holds so much responsibility, one need to be certified to show that you possess the technical knowledge. In order to take the national exam, you will need to be able to prove that you have completed formal training and that you have hands-on professional experience in finance. Getting most professional credentials in the finance sector is to earn a Bachelor’s degree. If you would like to earn the CFA charter, you need to enroll in an accredited program that is nationally or regionally accredited. A degree in finance, business, or some other related field will be sufficient to get you into a graduate program. Now that you have a Bachelor’s degree, you have met the educational requirements to register for a CFA Exam. If you already possess a Bachelors in an unrelated field, you can actually enroll to earn an MBA with a concentration in finance to meet the entrance requirement and to build your technical knowledge. A combination of college experience and professional experience that totals 4 years can also be enough to qualify, accordion to the CFA Institute.

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To become a CFA charter holder, one needs to complete the 3 levels of the course and have the required 4 years of work experience. One studies topics such as Ethics, Economics, Equity, Fixed Income( Bonds), Portfolio Management, Quants, Derivatives, Alternative Investments, Financial Statement and Analysis. The first two levels are MCQs but Level 3 has both MCQs and descriptive answers. For Work Experience - Front office: Actual Trading or Trading Desk support, where you help the traders make their decisions. Middle office: Operations in big investment banks, they deal will processing of the trades after it's done, they enrich the trade and record it in Accounting Systems. Back office: All kind of Reporting, Analytics, Risk calculations, Regulatory etc. Research: Fundamental, Technical Research, Top to Bottom or Bottom to Top, Industry life-cycle phase or Product life-cycle phase etc. These groups does all the calculations that enables the Front-office to make the decisions. All you need to prove is that either you made portfolio management decisions or your work helped somebody else make those. Also this doesn't need to be continuous 48 months, it can be different positions with different companies over your entire career.

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