Isn t it possible to register for the CFA exam without work experience?

Isn't it possible to register for the CFA exam without work experience? Whether or not you need to work experience to register for the CFA exam depends on you, and if you meet the academic requirements in the registration conditions, then work experience is not required. If you do not meet the other requirements, you will need to replace the academic requirements in the registration conditions with work experience.

To register for a CFA course and register for the CFA Level 1 exam, you must have a valid international travel passport and meet one of the following criteria:

1) Obtain a bachelor's degree.

Completion of a bachelor's degree or equivalent program with a corresponding degree. If you are unsure whether your course meets this requirement, you can check with your school.

2) Undergraduate students.

The examination window selected when registering for the CFA Level 1 exam must be within 11 months (inclusive) of the graduation month of the bachelor's degree program or equivalent. A bachelor's degree must be obtained before taking the Level 2 exam.

3) Professional work experience*

A minimum of 4,000 hours of work experience and or tertiary education must be obtained for three consecutive years when registering for the CFA Level 1 exam. There is no overlap in time between relevant education and work experience. If work experience and higher education are combined to achieve a minimum number of hours and years, it is assumed that higher education requires 1,000 hours per year.

If you have any questions about the CFA certificate, click to consult.

Professional work experience refers to working in a job that requires specialized knowledge, education, or advanced skills. Professional work experience requires the application of relatively high-level judgment and business skills, including leadership and teamwork, business communication, critical thinking and problem-solving skills, time management, professional judgment, analytical skills, adaptability, etc.

Professional work experience does not need to be investment-related.

If the internship is a full-time and salaried type, it can be considered to meet the requirements for professional work experience.

If you are working in your own business or family business, you must also have full-time professional work experience and be paid to be eligible.

The world's largest employer of CFA professionals:

Bank of America Merrill Lynch, Morgan Stanley, Fidelity Investors, JP Morgan Asset Management, UBS, BlackRock, HSBC, Citigroup and Franklin Templeton**.

The largest employer of CFA licensees in China:

PricewaterhouseCoopers, Bank of China, Industrial and Commercial Bank of China, China International Capital Corporation****, HSBC, CITIC, BNP Paribas, UBS**, Deloitte, Ernst & Young, Ping An Insurance of China, China Merchants Group, Guotai Junan** shares****.

With a CFA certificate, you will be able to work in the following ways:

Investment Banking: Research Analyst; Fixed Income Analyst & Trader; Product managers and traders in the capital markets or trading department; Listing advisor in the investment banking department.

**Company: Industry, Strategy & Macro Analyst in Research, Investment Manager in Investment, Sales Manager in Sales & Marketing.

Commercial banks: M&A transactions, bond issuance, financial advisory, industry researchers; Traders and fund operators of foreign exchange trading, derivatives trading, international bond trading and other foreign exchange transactions in the Global Financial Markets Department; Investment manager and product design manager of the asset management department, capital system management, foreign exchange management, capital data analysis of the asset and liability department, etc.

Insurance companies: asset management company bonds, ** investment managers and alternative asset investment managers.

Private Equity Firms: Project Managers, Investment Managers.

Trust Company: Trust Manager.

Third-party financial institutions: wealth managers.

As a shortage of talents, there are more than 150,000 CFA certified people in the world, and only more than 6,000 in Chinese mainland, so CFA has an enviable high income.

CFA annual income statistics (unit: USD): 190,000 in the United States, 200,000 in the United Kingdom, 10,000 in Singapore, 10,000 in Hong Kong, 10,000 in Canada, and 10,000 in the world.

Comparison of annual income of CFA and MBA (unit: USD): The average annual salary of Harvard MBA in the United States is 10,000, and the average annual salary of CFA in the United States is 10,000.

Usually work in investment companies, various ** companies, investment banks, ** companies, consulting firms, accounting firm consulting departments, accounting firm audit departments (for financial customers), insurance companies, **, trusts, credit rating agencies, or become private wealth managers.

For undergraduate candidates who take the CFA exam for the first time, there is no hard and fast rule that requires work experience, candidates with a bachelor's degree or above can participate in the CFA exam, if they have a college degree, they need one year of work experience when registering for the CFA exam, and candidates with a high school degree need four years of work experience when registering for the CFA exam. If you want to know more, you can go to Jincheng Education. I still have questions and would like to know more about them

2. The name of the position itself cannot directly determine whether it is recognized by the CFA Association, mainly because more than 50% of the job content involved in daily work must be related to investment decisions to be recognized. If you are engaged in a job other than the position listed below, but the job involves a job related to investment decision-making, you can also provide detailed work experience to the CFA Institute, which is also recognized.

If you want to know more about CFA, we recommend consulting Jincheng Education. Relying on the strong faculty and high-quality teaching resources of Jincheng Education, Jincheng Online School integrates the core resources of financial education. At present, the online course services have covered CFA, FRM, CFRM, CPA, ACCA, CMA, RFP, postgraduate entrance examination, accounting titles, professional qualifications, professional practice, banking practice, quantitative finance, etc., and the professionalism is trustworthy.

When candidates register for the exam, there is no requirement for work experience. However, candidates are required to accumulate four years of work experience in the relevant field before obtaining the CFA charter.

CFA Chinese name is Chartered Registered Financial Analyst, which is an international certificate authorized by the CFA Association of the United States, and has the reputation of "the first financial examination" in the international field, so its certificate is undoubtedly golden. Since it has such a high gold content, it is bound to have a certain degree of difficulty in the difficulty of the exam, and will the CFA exam be difficult? What are the requirements for domestic candidates to register?

Qualifications. In terms of registration conditions, I believe it is not difficult for domestic candidates, and almost every college student and working person can meet it. The application for CFA is not limited to majors, as long as you have a bachelor's degree, or have 4 years of experience in financial and accounting work, you can register for the CFA exam, it can be said that the CFA application conditions are very wide.

Language conditions. This condition can be said to be the biggest flaw for candidates in the national disturbance rule. As an international exam, the most basic requirement for CFA is English. Regarding this, it is also a discourage for many candidates whose English proficiency is not up to standard.

In fact, about the English level, there are not as high requirements as the candidates imagined, you know, all the CFA questions are in English, and when answering the questions, candidates also need to answer in English, therefore, in addition to understanding the questions, candidates also need to be able to write and answer, that is, candidates only need to achieve the most basic English reading and writing skills.

Calculate the conditions. Some people think that the premise of registering for the CFA exam is to have good mathematical calculation ability, but it is not. In the CFA exam, there are not many calculation questions involved, and the requirements for the calculation ability of mathematics are not high, even if you have failed the mathematics subject, there is no big problem, as long as the candidate can have high school level mathematics ability.

Bent spikes. Professional conditions. When applying for CFA, there are also candidates who are worried that their majors are not right and are entangled in whether to register. That's not really a problem.

Regardless of whether it is a major or a non-professional candidate, you can also apply for CFA. According to the previous examination situation, there are still many non-professional candidates who have passed the CFA exam, and the average pass rate can reach 50%, which is basically the same as the data of professional candidates. As long as you work hard, any type of candidate will apply for the CFA in the same way.