Is CFA useful? Does CFA work?

CFA is a high-level certificate recognized in the financial investment industry in the United States and around the world, and is known in the investment finance community"Gold-collar class"In the West, it has always been seen as an entry into Wall Street"Admission ticket"。CFA Certified Financial Analyst, CFA belongs to a higher level, with a high gold content, and some brokerages will give priority to people with CFA qualifications when recruiting.

It's very useful, and the annual salary is okay.

The CFA has long been seen in the West as an entry into Wall Street"Admission ticket"。At present, the influence of CFA qualification certification in countries around the world is rising, and the relevant industries in developed countries regard it as a measure of high-level talents, and entrust those who have obtained CFA certification qualifications with important responsibilities and high salaries. Many investment managers in countries such as the United States, Canada, and the United Kingdom have even made CFA qualification a basic requirement for their employees.

Li Yining, an economist in China, also believes that CFA qualification is the most authoritative industry standard in the field of financial analysis that is internationally accepted.

At present, less than 2,000 people in Chinese mainland have obtained CFA qualifications, which is extremely inconsistent with the speed of China's economic development. Relevant experts**, Shanghai, as a newly emerging financial center in Asia and even the world, has a shortage of nearly 5,000 CFA talents, and the demand in Chinese mainland is more than 10,000. Yang Xianyue, a postdoctoral fellow at the Shanghai Municipal Financial Commission, believes that first"Internationalization of talents"talents"Internationalization of business"He asserted that in the next five years, the CPA craze will heat up in China.

Seth of New York University. Mr. Kaplan told reporters"Five years later, when the financial sector is fully opened, whether it is the cultivation of institutional investors, open management, or the introduction of financial derivatives such as asset-based operation and index, it is urgent to be in line with international standards.

Whoever does a lot of communication work in the field of Chinese and Western finance, of course, is those who understand both Chinese and Western financial rules, and it is very important to train professionals with international professional standards. Therefore, it is our responsibility to share the experience of the development of the Western capital market with Chinese financial practitioners, so that CFA candidates can absorb the essence of the Western financial theory system and become cutting-edge talents who combine Chinese and Western cultures. "

As far as the current domestic situation is concerned, with the entry of foreign banks to participate in the competition, many banks such as the People's Bank of China, Bank of China, Bank of Communications, and China Merchants Bank have expressed their great need for certified financial analysts with international professional standards. And the first management companies, ** companies, insurance companies and other financial institutions are also thirsty. Although the average basic annual salary of CFA has reached 150,000 yuan in China, there are few applicants in various units.

CFA is certainly useful, and it is an internationally certified Chartered Financial Analyst, CFA is referred to as Financial Analyst, and the Financial Analyst Qualification Exam is known as the "No. 1 Global Financial Exam".

There is no job opportunity in this area, there is basically no difference between the CFA certificate and the paper, saying that the certificate is very good, it means that the ability you need to have in the exam is very good, it does not mean that you can find a very good job, and the good prospects are basically training institutions, you think about it yourself, you can find a good job with a certificate, this kind of thinking should not be there as soon as possible, you can improve the level and ability, and solve the problem for your current work and unit, which is more important than anything else.

They don't know that their level is low, so let me tell you, if you have ACCA and CFA, if you have the right work background, it is easy to find a job of 500,000 yuan. Have been doing accounting and being CFO, why should you? CFA is a very important bargaining chip!

Of course, if you're already a CFO, then CFA isn't as valuable.

CFA is one of the most difficult exams, of course, there are exams such as actuaries, there may be a lot of things in life that are not gained, if you are interested, you will pursue it, you pass a test, read two books with yourself, you must read the exam very carefully, and you will not make mistakes in the operation CFA is very useful, but those securities analysts may not be able to take the exam, the strength of the boss is not in mathematics and science, it is OK in communication, so it is useless to talk to them.

Competence is more important than certificates, and of course, qualifications can sometimes represent a person's ability!

The core is to be able to solve problems and create value for the enterprise organization.

CFA is naturally very useful, CFA brings a high salary, but now the competition is fierce, and the salary is not as impressive as it used to be. I'm also planning to start preparing for CFA recently

You can search the following CFA forums, there are a lot of information, detailed things, there will be helpful to you, CFA is not a major to take the test, it is difficult. It may take 4 to 5 years to get it done. Whether you can enter Goldman Sachs or not, I think it's hard to say whether this is good or not, because the investment bank is under a lot of pressure, and many people can't persevere, and this also depends on the individual's ability to bear it.

Summary. Because I don't know enough about CFA!In 2014, a total of 671 people in Chinese mainland obtained CFA charter certification.

As of December 10, 2014, the number of CFAs in Chinese mainland has reached 3,125, exceeding 3,000 for the first time. Among them, in 2014, a total of 277 people in Shanghai obtained CFA certificates, accounting for the country's total; As a result, the total number of CFA holders in Shanghai has reached 1,421, accounting for the country's total.

Because I don't know enough about CFA!In 2014, a total of 671 people in Chinese mainland obtained CFA charter certification. As of December 10, 2014, the number of CFAs in Chinese mainland has reached 3,125, exceeding 3,000 for the first time.

Among them, in 2014, a total of 277 people in Shanghai obtained CFA certificates, accounting for the country's total; As a result, the total number of CFA holders in Shanghai has reached 1,421, accounting for the country's total.

According to the CFA Association, in December 2014, more than 20,000 candidates from all over the world successfully passed the CFALEVEL 1 exam. In Chinese mainland, many investment banks, ** management companies and ** companies and other institutions are even more difficult to find, and analysts sigh that it is difficult to find. According to the survey, since 2005, with the continuous development of the domestic financial market, more and more chartered financial analysts are active in the domestic financial investment stage, many have held important positions such as managers, investment directors, research directors, excellent financial directors, etc., and it is also very common for good performance to break through one million RMB.

A survey of the remuneration situation in the investment industry shows that employers are willing to offer high bonuses to CFA holders with 10 years or more of work experience. In the same industry, CFA holders earn 24% more than non-holders. If work experience is not discussed, the pay gap between CFA holders and non-holders will be even greater, with CFA holders earning 54% more than non-holders.

The world's leading institutions with the most CFA employment include: Goldman Sachs, Morgan Stanley, Morgan, Citigroup, Moody's, Deutsche Bank, Barclays, Credit Suisse and UBS, PricewaterhouseCoopers, and top domestic investment banks such as CICC, CITIC, Galaxy**, Guotai Junan, GF**, Huatai**, Everbright**, Guosen**, Bank of China International**, etc. In 2010, the top five executives of the five new banks were all CFA charterholders, and CFA has become a competency criterion in China.

CFA Career Prospects - In view of the formality, professionalism and authority of the CFA exam, its qualifications are widely recognized in the global financial field, known as the "second passport" and "Wall Street Pass" to become a practitioner pass in the banking, investment, **, insurance, and consulting industries.