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What is the future of CFA Institute/Designation in India?

                 Source: CFA Institute.org

The CFA designation, or Chartered Financial Analyst, Can be a high degree certification for experts in the areas of investment and monetary evaluation. The CFA plan, offered by the CFA Institute, is worldwide in its reach and it has been in existence since 1962. At the monetary world, a CFA designation is regarded as among the highest of professional designations. In view of those criteria, the CFA designation is advantageous for the person and the organization in a number of ways, including the program, the CFA standards and acknowledgement, competences, and in a general sense at the organizational level. Before we analyze each piece, let’s discuss in greater detail what the CFA Designation means, which professionals maintain this designation, and what businesses look for CFA selected charter-holders.

Chartered Financial Analysts own their very own businesses and work in extremely regarded financial organizations around the globe. The highest concentration of CFA candidates and members is in globally well-known financial organizations like Deutsche Bank, ABN Amro, and Credit Suisse.

Since the appellation is a global one, CFA around the world have the same degree of knowledge and almost the same experience degree. A few of the top financial organizations might prefer candidates for different positions to have the CFA designation. In order to start study for the CFA program, a nominee must meet a minimum experience level, education, and competence in the field.

Even though it isn’t stated as a necessity, a CFA applicant should comprehend enough English to study the plan and take the examination for the reason that vocabulary, as the plan isn’t available in every other languages.

The question at this stage is why is the designation essential to people, businesses, and consumers? we’ll discuss each of those aspects during this series, but it is a wise idea to have a general picture of the advantages. An individual with the CFA designation has an extremely competitive edge for work in the financial industry, not just in her or his own country, but around the globe.

In a period of economic uncertainty, it might very well be that the organization may maintain on to its CFA during periods of contraction since they don’t want to re hire these degrees of competence and experience. Due to the broad based, experiential program, which we’ll also discuss within the future, a CFA charter-holder  has knowledge that’s applicable in each day conditions. Due to the knowledge of CFA charter-holders, every individual has access to up-to date info regarding financial markets all around the world. – Author

What has the CFA institute got to say ?

CFA Institute now has six CFA test centers in India (Bangalore, Chennai, Kolkata, Mumbai, New Delhi, and Pune). We will continue to work with the Securities and Exchange Board of India and the National Institute of Securities Markets and plan to strengthen resources to universities and faculty in India. Please continue to watch www.cfainstitute.org/india for updates about activities in India.(Source-www.cfainstitute.org/india) .

Should I attempt the CFA Exam and obtain CFA charter?

Should I attempt the CFA Exam?This is the most common thought which arises when someone plans for their higher studies in the field of finance. There are enough articles and abundant information in the web regarding the CFA Charter, yet, people remain confused whether to or not to choose to give the CFA exam.

Nevertheless, taking the CFA exam and surpassing the rigorous procedure of passing all the 3 levels of the exam is not a cake walk. One has to put in all their hard work and stay committed in order to earn the CFA charter. But, all the efforts made are worth it.

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Here, Finance360 has gathered 7 strong and valid points why you should study for the CFA Charter to make it easier for you to take your decision without being guilt ridden or doubtful about your choice.

  1. It paves a path for your career in finance.

For industry professionals, a CFA charter can be useful as a career enhancer if you’re already in finance, or to switch to a particular role. A CFA charter would particularly help in these roles: Research analysts Asset management roles, including:

  1. Portfolio managers
  2. Private bankers
  3. Fund managers
  4. Financial advisers
  5. Relationship managers
  6. Financial strategists

Non-investment professionals, such as attorneys and accountants can also pursue the CFA. It serves as an additional qualification to enhance professional expertise.

For students who are interested in banking, you may want to consider the CFA charter. It not only adds value to your CV but also helps you understand the roots of finance keeping in view the time and cost requirements.

2.It’s Affordable .

The total cost of a CFA charter is variable depending on type of prep materials you get and how many exams you end up taking, but it probably will range from $2,500 (Rs. 1,66,000) to $8,500 (Rs.5,61,000).

Unlike most professional qualifications, it’s quite cheaper which makes it affordable for most of them.

  1. Helps understand Finance in depth.

As we have mentioned earlier, it’s a known fact that CFA is very tough to clear. With the exam pass rates being very low, one needs to do exemplarily well in order to achieve success in the exam. This itself proves how much involvement is required when preparing for the exam. The study material includes wide range of topics discussed in detail. While you prepare for the exam, you gain knowledge in depth about Finance. This strengthens your basics in finance and aids in your understanding completely.

When you clear all the three levels of the exam, it means that you are thorough with all the topics. It also indicates your dedication and hard work which acts as a plus because people will know that you are something unique apart from the rest as you cleared all the three levels.

       4.Global Recognition.

The CFA charter is one of the most recognized professional qualifications in finance in the world. The great thing about global recognition is that the CFA charter holder becomes more easily transferable across markets.

The qualification is very reputed and candidates are earning their charters all over the world. Today about 100,000 charter holders are working in 130 countries worldwide.

  1. The credibility of CFA Charter

The CFA Charter is obtained only after a long period of time which tests your perseverance and commitment. Thus, it’s very trustworthy and can be easily reliable upon. It’s all about your personal goals and situation. If you’re looking for a qualification to enhance your career in finance or establish your finance credentials, the CFA is highly recommended.

  1. Improved chances of obtaining a job .

The CFA charter is a great thing to add to your CV to boost your finance credentials. But let’s just get one thing clear – nothing on your CV ‘gets you a job’. And yes, this also applies to the CFA charter.

Nothing you can put on paper is a sure fire way of landing a job. Getting hired is a multi-stage process. Your CV and networking skills gets you the interview and the interview is what gets you the job. No amount of CV padding is going to replace interview skills so you need to address all steps to successfully score the job you want.

  1. Comparatively, higher pay.

Pay is a very tricky question to answer. There are numerous surveys on CFA member compensation, so you could go into the finer details of compensation of a typical CFA charter holder.

However there are some recent studies on comparing the effects of compensation of roles with and without the CFA charter – that is to say, studies that attempt to place a ‘monetary value’ on the CFA charter. The CFA Institute last covered this in their 2005 compensation survey, where the concluded that CFA charter holders’ median salary was 54% higher than non CFA charter holders (a median annual salary of $180,000 for charter holders vs. $116,850 for non charter holders). This was a higher effect that even MBAs.

Ultimately, acquiring a CFA Charter will help you explore your opportunities and widens the horizon for your career scope in the field of finance. In fact, it helps you grow as an individual as it tests your capabilities throughout. If all the above points are what you have always been looking for, then yes, CFA is the answer. Once you have clarified all your questions regarding it, take your own time, think for a day or two as it is not an easy decision and then register for the CFA exam.

For more details :http://www.finance360.in

Did you Know ? ? Social Profile Guidance for CFA program Candidates and Members – A Must.

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Twitter

You may only include “, CFA” and/or “, CIPM” after your name if you continue to meet the membership requirements as defined in the CFA Institute Articles and Bylaws (PDF) and previously were awarded the CFA or CIPM designations. The CFA and CIPM designations:

  • Should not be included in your Twitter handle, e.g. not @JohnSmithCFA or @MaryJonesCIPM
  • Should only appear in the section of your profile that contains your surname and given name
  • Should not be included with a pseudonym or fictitious phrase meant to hide your identity

LinkedIn

The Certifications section of your LinkedIn profile is specifically designed to display professional certifications and credentials, and is the most appropriate place to display your status as a CFA charterholder, Claritas certificate holder, or CIPM certificant. Instructions are provided below.

Note: The Experience section is for displaying your employment experience. To avoid giving the impression that you are an employee of CFA Institute, do not list your CFA Institute professional credential or candidacy in this section.

CFA Program

How to Add Your Designation to Your LinkedIn Profile

CFA Charterholders

  • Select the Certifications section from the list to the right of your profile (or scroll down to see it).
  • Select + Add
    • Certification Name: If your charter has been awarded, enter Chartered Financial Analyst (CFA) charterholder
    • Certification Authority: Enter CFA Institute
    • License Number: Leave this field blank
    • Certification URL: Leave this field blank
    • Dates: Select the month and year in which you received your charter
    • Box labeled “The certificate does not expire”: CFA Institute members may check this box as long as you satisfy the requirements to maintain your status.
  • Select Save

Social profile for CFA Program Candidates

If you are a candidate in the CFA Program, you may indicate your status—in the Education section—based on

  • The exam level you are currently registered for or the level of the exam you recently sat for (if you haven’t yet received your result):
    • 2014 Level I Candidate in the CFA Program
    • 2015 Level II Candidate in the CFA Program
    • 2015 Level III Candidate in the CFA Program
  • Or the level you have completed, e.g., “Passed Level II of the CFA Program”

If you have completed all three levels of the CFA Program, but have not completed the work experience requirement, you may state: “Passed all three levels of the CFA Program and may be awarded the charter upon completion of the required work experience.”

Do not use your candidacy in the Heading of your profile. Do not indicate an “Expected” date.

Source: https://www.cfainstitute.org/community/social/Pages/profile.aspx

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