Requirements of CFA
CFA Specifications - Essential requirements
You will have to fulfill the following CFA criteria in order to enroll in the CFA program and to participate in your 1st CFA test.
1) You must thoroughly understand the professional conduct and ethical behaviors under the CFA criteria of the CFA Institute
2) You must hold at least a bachelor's degree or similar before you can apply for the CFA exam. There are few other ways to satisfy these basic CFA specifications. First of all, you should have technical and skilled experience in similar fields for at least 4 years.
Alternatively, you might be studying your latest degree in your last year. Or you could have a blend of college and job experience of up to 4 years and more. Please be mindful that the aforementioned CFA criteria are not fulfilled by internships and part-time work.
3) Also, you are not eligible for a CFA Level 2 examination until you have earned your certificate to conform with the CFA criteria laid down by the CFA Institute. And when you eventually earn your degree, you have to tell the CFA Institute that your degree has already been approved.
You must first reach CFA Level 2 and CFA Level 3 respectively in order to qualify for CFA Level 1 and CFA Level 2. This ensures you are not required to take the CFA examinations simultaneously. If you missed the examination for a certain level, you have to sit again before you go to the next level.
4) You must hold a valid international passport from January 2011 onwards before you can participate in the CFA scheme. This is the newest in all CFA criteria.
CFA Specifications — CFA Course Completion Time
No one should underestimate the dedication and willingness to seek the CFA classification. The below are some specific CFA criteria, according to the CFA institute, in terms of the time period you need to spend to achieve the CFA designation:
1) on average 4 years to complete the whole CFA program
2) At least 6 months of planning and preparation for any of the 3 examinations;
3) At least two hundred and fifty hours for training time, which is between 10 and 15 hours a week.
CFA standards are primarily designed to provide students with expertise in asset management, such as financial valuation, fund management, investment planning, portfolio management and asset delivery. These advanced and nuanced abilities were certainly able to enable individuals to find their own way through the business.
Due to the stringent CFA criteria above, many applicants cannot meet their CFA classification targets. Some lack the requisite academic skills and don't take enough time to learn on account of their busy schedule. So, if you just don't have the time for it you should really care a lot about signing up for the CFA service twice.
Please read the posts on this page to get a lot clearer information about the different professions that the goods for us. Keep in mind that when you find a career, make sure that you genuinely enjoy the positions you are involved in. If you can fulfill all of the CFA criteria above and are keen to get a decent job in the financial sector, then you may want to sign up today.
