CFA

The Chartered Financial Analyst (CFA) Program is a professional credential offered by the CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals. A candidate who successfully completes the program and meets other professional requirements is awarded the "CFA charter" and becomes a "CFA charterholder".

The CFA Charter is a professional credential and is not an academic degree .

As of July 2014, there are approximately 120,000 CFA members in 35 countries. The largest employers of CFA Charterholders are JP Morgan, UBS, Bank of America Merrill Lynch, and RBC.

The CFA exams are widely considered to be very difficult, with pass rates usually below 50% for all three levels. It covers a broad range of topics relating to investment management, financial analysis, stocks, bonds and derivatives, and provides a generalist knowledge of other areas of finance.
 

Curriculum

The curriculum for the CFA program is based on a Candidate Body of Knowledge established by the CFA Institute. The curriculum comprises the topic areas below. There are three exams ("levels") that test the academic portion of the CFA program. All three levels emphasize the subject of ethics. The material differences among the exams are:

  • The Level I study program emphasizes tools and inputs, and includes an introduction to asset valuation, financial reporting and analysis, and portfolio management techniques.
  • The Level II study program emphasizes asset valuation, and includes applications of the tools and inputs (including economics, financial reporting and analysis, and quantitative methods) in asset valuation.
  • The Level III study program emphasizes portfolio management, and includes descriptions of strategies for applying the tools, inputs, and asset valuation models in managing equity, fixed income, and derivative investments for individuals and institutions.

The Level I study program

  • Ethics and Professional Standards

  • Corporate Finance

  • Economics

  • Financial Reporting and Analysis

  • Quantitative Methods

  • Alternative Investments

  • Derivatives

  • Equity Investments

  • Fixed Income

  • Portfolio Management

 

The Level II study program

  • Ethics and Professional Standards

  • Quantitative Methods

  • Economics

  • Financial Reporting and Analysis

  • ·Corporate Finance

  • ·Equity Investments

  • ·Fixed Income

  • ·Derivatives

  • ·Alternative Investments

  • ·Portfolio Management and Wealth Planning

The Level III study program

  • Ethics & Professional Standards

  •  Behavioural Finance

  • Private Wealth Management

  • Portfolio Management for Institutional Investors

  •  Application of Economic Analysis to Portfolio Management

  • Asset Allocation and Related Decisions in Portfolio Management

  • Fixed-Income Portfolio Management

  • Equity Portfolio Management

  • Alternative Investments for Portfolio Management

  • Risk Management

  • Risk Management Applications of Derivatives

  • Trading, Monitoring, and Rebalancing

  • Performance Evaluation

  • Global Investment Performance Standards

CFA job opportunity

  • Financial Analyst 

  • ─░nvestment Analyst 

  • Senior Financial Analyst 

  • Chief Financial Officer (CFO) 

  • Finance manager 

  • Credit analyst 

  • Senior Credit analyst 

  • Risk manager 

  • Resarch analyst 

  • Consultant 

  • Relationship manager 

  • Financial advisor 

Duration  130 hours

Fee 1800 AZN
 

 

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