| Topic Name: |
CFA Valuabe or Required |
| Message Name: |
Depends... |
| Date Posted: |
09/09/2002 |
| In Reply To: |
I read in 1998 that their were around 45000 cfa's. In the last 4 years that has increased to 85000 or so. With the sudden exponential growth rate has the CFA gone from being the premier credential or is it starting to be required for investment analysis in this tight job market?
-D |
| Message: |
...on what area of finance you are in. It is valuable to have as far as personal knowledge goes but it is far from required in many fields. For example, there are very few cfa i-bankers but an abundant amount in portfolio management. I think you may have your numbers wrong -- there are ~50,000 charterholders as of 2001. I think you are referring to candidates enrolled in the program in your post.
Check out:
http://www.aimr.org/cfaprogram/cfaprofile.html
for a breakdown of charterholders, candidates, historic pass rates and profiles.
Overall, it helps to be involved in the program, but it will not replace real world experience. If you are serious about inv mgt and would like to excel in the field, definitely earn the charter and it will open some doors for you (given that you have relevant experience to build on).
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