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In recent times, Chartered Finance Analyst (CFA) is a designation which is quite revered and regarded by most as a key certification for professionals in the areas of portfolio management and research.
The chartered finance analyst program is a certification from the CFA Institute. It is a globally regarded certification. It is essentially a self-study methodology, graduate level program for professionals who want to pursue a career in investment. A person coming out of any discipline or academics can pursue the CFA program. Applications to the program are usually from students and undergraduates to an early professional who intent to get a boost to their career. Although it is important to note that just getting a certification will not guarantee the same.
Passing all the three exams of CFA in itself is a very daunting job when compared to the efforts and commitment of the time required as against other management programs like the MBA. In fact, there are many MBA pass outs and CA’s who join CFA to get into core investment banking jobs. CFA gives a great technical grounding and offers broad-based scopes suitable for investment banking, research analyst, equity research and portfolio management.
The CFA course focuses on ethics, portfolio management, accounting, corporate finance, fixed income and equity investments, so basically if one does not have a very specific choice but needs to build their career in the field of finance then they should opt for the CFA certification as it is broad-based, opening many career opportunities.
Passing a CFA exam shows that the person pursuing the same has the ability to show commitment, tenacity, comes across as a professional with resilience, and rigour. In addition to the learnings from the course, the charter holders are also considered internationally mobile as well due to their association with the global professional network.
Some of the most common jobs taken by the CFA professionals
Since CFA focuses on essentially training you on portfolio management skills, this job becomes a no brainer for most pass outs. Under this profile, you are responsible for making financial/investment based decisions for people who have given the control of their money to you or to your company.
Here the profile is responsible for analysing the financial transactions and records of the firm for its clients. Here you need to prepare your observations and reports and primarily have an insight of what the client would want to know about the financial health of the organisation in such a way that nothing essential is overlooked before making any strategic decisions. There are many other nomenclatures for this role within the organisation, such as investment analyst, rating analyst, financial analyst, equity analyst, to name a few.
Here the person needs to provide suggestions that will benefit the firm with professional advice. The CFA course covers corporate finance which will assist the professional to make alternative decisions and suggestions to the third party or the client satisfying their requirements.
Here you are required to keep a track of all financial footprints and documents of the business or company that you are associated with.
Investment Banking Analyst:
Here a person needs to check all possible pit stops, analyse, evaluate, all possibilities before any investment is made. The person usually is responsible for directing and making the firm aware of mergers and acquisitions. The task can be efficiently performed by any CFA pass out as the course has a section on corporate investment, equity investment, economics and more which prepares them to handle such requirements.
These are just a few opportunities out of the many that you can take advantage of if you wish to pursue the CFA certification.
So to conclude, it is quite obvious that in recent times many organisations and individuals alike are getting highly interested in CFA. The fact that a CFA certification will benefit the organisation and the individual in revenue growth and career growth, it is perhaps why most organisations are also considering sending employees usually from the start up a level for this certification as the long-term advantages cannot be ignored.
It is then true to say that the CFA designation does distinguish the charterholders from other counterparts in the eye of professionals and investors. As a successful CFA charterholder has already proved the test of time and their ability and intention of commitment to conducting their professional life according to high professional standards.