Becoming a certified financial analyst requires passing three exams and following a strict code of ethics. The US CFA Institute oversees the process, but other organizations also offer certification. CFAs specialize in various aspects of economics and can pursue high-profile careers in investment management and banking.
Certified financial analyst is a professional title that is extended to any financial analyst who has completed the necessary study and examinations to achieve status. You can begin the application process for this status while completing a degree program, upon completion of the program, or after acquiring at least four years of experience in a skilled work position. Gaining recognition as a certified financial analyst takes a lot of effort and dedication, which goes a long way in making the CFA designation very desirable.
Licensed financial analysts must be willing to abide by a comprehensive code of ethics designed to exceed the usual and standard requirements of the law, as well as pass a strict vetting process. Before accreditation is granted, the candidate will undergo a series of three separate exams. Successful completion of each previous exam is required before you can proceed with the next exam in the series.
The US CFA Institute, which sets the standards for candidate qualifications and exam structure, oversees this process. Although originally conceived as an organization for national accountancy professionals only, the Institute has expanded to include numerous international members as well. However, the CFA institute is not the only organization that offers certification for a certified financial analyst. ICFAI located in India also offers a program with similar standards and requirements.
CFAs are well-versed in many different aspects of economics. It is not uncommon for a licensed financial analyst to specialize in high profile professions such as corporate investment management, investment banking or private advisors to investors who require specialist attention in managing an investment portfolio. The prestige that comes with the credentialed financial analyst designation can open many doors to career options and choices, as well as help build a reputation within your chosen career path in a short period of time.
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