Out of the 172,000 CFA candidates, why do you get out of the top?

As an international level test, CFA has always been in a relatively high position in the world. But back in China, not many people know about CFA. There are even claims that people who pass the CFA exam can earn millions a year, is this true?

What is CFA? Let's take a look.

What is CFA?

CFA Chinese Li Sou is a Chartered Financial Analyst, and CFA's title in the financial field and the gold content are relatively high professional title certificates. Because of its strict certification, high gold content, CFA qualification examination is known as the "first financial examination", in addition to the world field, the current CFA in the country has been gradually recognized by candidates, every year in June CFA exam has a large number of candidates to participate, although the number of applicants compared to other exams will be a little less, but the number of applicants for the CFA exam is on the rise every year.

What is the salary level of CFA holders?

According to the average salary data of CFA holders over the years, the average salary of CFA holders is in the range of about 5W 15W US dollars, which is equivalent to about 50W 90W yuan. There are also data showing that in the United States, the average salary of CFA holders can reach 20W US dollars, which is equivalent to about 130W yuan. It can be said that the salary level of working people who hold CFA certificates is relatively ideal.

Is passing the CFA exam equal to an annual salary of millions?

After the above, I believe you already know the CFA salary level, so does it mean that passing the CFA exam is equivalent to an annual salary of one million? In fact, this question is not absolute!

Although the overall income of CFA holders is very good, it is not as easy as everyone thinks to easily get an annual salary of one million in the financial industry. When job seekers enter the industry, the salary you obtain will not be linked to your rank, and whether the annual salary can reach the level of millions, the key depends on the personal ability of the job seeker and the work experience in the position, as long as you accumulate a certain amount of experience, the dream of a million annual salary will naturally come true.

CFA is known as the "gold-collar class" in the investment finance industry, and has always been regarded as the "admission ticket" to Wall Street in the West. Many investment managers in the United States, Canada, the United Kingdom and other countries have even made CFA qualification a basic requirement for their employees (the Wall Street ** Exchange and the Singapore ** Exchange qualitatively require CFA level 2 or above, and will also conduct special assessments before employment).

With the deepening of China's reform and opening up process and the accelerated integration of the international economy after China's accession to the WTO, the total domestic demand for financial talents has increased greatly. On the other hand, the entry of foreign financial institutions will increase the demand for localized financial talents. With the entry of foreign commercial banks, in order to seize the share of the mainland market, a new round of expansion of foreign banks has begun, and the demand for financial talents is also stronger.

At present, in China, financial practitioners are more limited to banks and a few limited markets. At present, the world's famous institutions that employ the most CFA people include: Merrill Lynch, Goldman Sachs, JPMorgan, Citigroup, PricewaterhouseCoopers, etc.

The financial industry in developed countries, with the expansion of financial innovation and business, has extended to a wide range of fields.

At present, there are problems such as the low level of investment analysis and the shortage of qualified talents with financial investment analysis expertise in domestic institutions. There is an urgent need for high-end financial talents: many companies clearly state that they must have work experience when recruiting, and professional certifications (CPA, CFA, FRM) are preferred, especially for foreign institutions.

According to incomplete statistics, China will need 150,000 professionals in the financial field every year in the next 10 years. The outlook for CFA certificate holders is very positive.

Therefore, it is only natural that CFA holders have reached new highs year by year.

According to the latest statistics in 2013, the number of CFA holders in Chinese mainland is: 2,576. Participating in CFA certification is a time-consuming, labor-intensive, but rewarding investment.

After going through the aforementioned painstaking learning process and meeting the almost demanding requirements of the CFA Institute, candidates can be allowed to use the CFA designation. In the more than 40 years since the CFA program was launched (as of 2006), only about 69,000 professionals worldwide have earned CFA accreditation. Possession of CFA qualification is a strong testament to the high professional and ethical standards of investment decision management practitioners.

The relevant industries in the world's major developed countries regard it as a measure of high-level personnel in the industry, and entrust those who have obtained CFA qualifications with high salaries. At present, the influence of CFA qualification is rising in countries around the world. In 2005, more than 58,907 candidates took the test, more than half of whom were from outside the United States.

It is understood that young people who have just entered the financial industry are the main force participating in the CFA exam, on the one hand, they are facing greater work pressure and have higher demands for self-improvement; On the other hand, they also have small savings and can afford the examination fees of tens of thousands of yuan.

According to the official guidelines of the CFA Institute, it takes about 4 years on average for candidates to complete all CFA courses, and they need to go through three levels of exams, each of which requires at least 300 credit hours. In terms of exam fees, in addition to the registration fee of at least $700 per registration, there is a one-time registration fee of $450 for the first registration, for a total of at least $2,550 for the exam.

But high investment corresponds to high returns. Statistics show that the annual salary of CFA holders is between 200,000 and 500,000 yuan, and the annual salary of CFA holders in the United States is more than 400,000 US dollars, and the annual salary in Hong Kong is about 300,000 US dollars. Everyone prepares for the CFA exam not only because this certificate can be used as a ladder for promotion and salary increase, but also because they can learn something that will better prepare for future career challenges.

If you have taken the exam, come over and have a registration fee of tens of thousands of yuan, so don't go.