| Careers as a Financial Analyst (CFA) Overview: Chartered Financial Analyst (CFA) is a designation offered by the CFA Institute to financial analysts who complete a series of three examinations and work for at least three years as some type of financial analyst. CFA Institute is a global, non-profit member organisation of financial analysts, portfolio managers, and other investment professionals. The Chartered Financial Analyst (CFA) programme is a graduate-level, self-study curriculum and examination programme, administrated by CFA institute for investment specialists. The exams are generally taken one per year for three years and are written at a postgraduate level for financial professionals. Course of Study: CFA programme curriculum develops and deepens the knowledge of the entire discipline of investment valuation and portfolio management. Programme comprises of three levels. Level I: The Level I curriculum and examination focus on tools and concepts that apply to investment valuation and portfolio management. Level I also include an overview of the processes of asset valuation and portfolio management. Level I cover following area:
The Level II curriculum and examination focus on asset valuation. Candidates must apply the tools and concepts emphasized at Level I in analyzing and valuing investments, and should have a thorough understanding of industry and company analysis. Candidates must demonstrate the ability to:
The Level III curriculum and examination explore in greater depth the discipline of portfolio management. Candidates must demonstrate a working knowledge of the entire portfolio management process and must be capable of applying the concepts learned at Levels I and II to the portfolio management process. Candidates also must demonstrate a thorough understanding of:
As one of the requirements to earn the Chartered Financial Analyst charter is to become a member of both CFA Institute and the member society of Pakistan. I. Regular Membership Requirements To qualify as a Regular member of CFA Institute and a local society, an investment professional must meet all of the criteria listed below: 1. Hold a bachelor's degree from an accredited institution or have equivalent education or work experience. 2. Passed Level I of the CFA exam or such other appropriate examination as approved by the Board of Governors AND have 48 months of acceptable professional work experience* in the investment decision-making process, “OR” Passed the Self Administration standard of practice examination (www.cfainstitute.org/memservices/join/self_exam.html ) and have 48 months of acceptable professional work experience in the investment decision-making process. 3. Agree to adhere to and sign the Member's Agreement, a Professional Conduct Statement, and any additional documentation requested by CFA Institute. Both CFA Institute and a society must agree to accept an applicant as a Regular member. In the event of a discrepancy, CFA Institute makes the final determination for Regular membership status. II. Affiliate Membership Requirements To qualify for Affiliate membership, an applicant must meet both of the following criteria listed below. Agree to adhere to and sign the Member's Agreement and Professional Conduct Statement. Fulfill society requirements for Affiliate membership. Registration for membership can be done online or it can be done by completing the registration form and then submitting it to CFA institute. Career Prospects: Employers and investors recognize the CFA designation as the definitive standard for measuring competence and integrity in the fields of portfolio management and investment analysis. CFA’s are mostly hired by:
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