Claritas CFA: Pros and Cons

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PROFESSIONALISM AT EVERY LEVEL Among the countless finance degrees around the world, the Chartered Financial Analyst qualification has become the gold standard. Financial Times, 13 August 2010 Professionalism at Every Level the [email protected] charter Having the right employees in place is key to ensuring success. As the global marketplace becomes increasingly competitive, employers are using the CFA charter to identify the most qualified Job applicants and the most committed employees.

The building blocks of the CFA charter are firmly grounded in the CFA Program curriculum, a comprehensive framework of concepts that CFA charterholders will use at all stages of their careers and in many areas of specialization. The curriculum evolves each year to include new tools, ideas, and concepts that reflect the dynamic and complex nature of the global finance profession.

The custom curriculum is based on an extensive and ongoing global practice-analysis process that relies on input, discussions, surveys, and reviews from thousands of active practitioners and CFA charterholders. Charterholders stand out from the crowd because they have demonstrated that they have tenacity and are able to go through a rigorous program nd study hard: it shows a certain type of personality that definitely performs well. Peter Jakobus, CFA Senior Manager Ernst & Young Frankfurt, GERMANY 2 www. cfainstitute. rg curriculum topic breakdown by exam level PORTFOLIO MANAGEMENT AND WEALTH PLANNING EQUITY INVESTMENTS FINANCIAL REPORTING AND ANALYSIS FIXED-INCOME INVESTMENTS ETHICAL AND PROFESSIONAL STANDARDS DERIVATIVES ALTERNATIVE INVESTMENTS QUANTITATIVE METHODS CORPORATE FINANCE ECONOMICS Level I Level II Level Ill Hong Kong, CHINA 3 Exceed Expectations Hire a CFA Charterholder Since its introduction, the Chartered Financial [email protected] (CFA) charter has become one of the most respected and recognized professional credentials in the world.

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Earning the CFA charter demonstrates a mastery of the analytic and decision-making skills needed in todays fast-evolving and competitive workplace. In addition, by pledging to uphold the CFA Institute Code of Ethics and Standards of Professional Conduct, CFA charterholders commit to the highest standards of professional excellence. The CFA designation is a mark of distinction that is globally recognized by employers as well as a host of other organizations.

Regulatory bodies in many countries recognize he CFA designation as a proxy for meeting certain licensing requirements. More than 125 distinguished colleges and universities around the world have incorporated a majority of the CFA Program curriculum into their own courses. The CFA Program has been benchmarked as being comparable to master’s degree levels in finance in the United Kingdom. Professional ethics is one of the most important traits that global employers look for when they are hiring. Dr.

Bruce wonti Lee, CFA President and CEO Allianz Global Investors Korea Limited Seoul, SOUTH KOREA 4 5 access ability and experience The cfa charterholder A charterholder exhibits professional characteristics and career traits that meet employer needs, regardless of the specialization or field. CFA Institute has a variety of resources to assist interested employers with finding highly qualified candidates: A CFA charterholder is: Jobline: A targeted, online employment search tool for Job seekers and employers (www. fainstitute. org/HireCFA). Credible: Has demonstrated a mastery of a comprehensive body of knowledge, fulfilled four years of on-the-Job experience, and adheres to a code of ethics. Committed: Has dedicated 300 hours of study to ach of three levels of rigorous examinations. l Current: Has access to continuing education and lifelong learning resources. Connected: Is a member of a network of more than 100,000 investment professionals in more than 100 countries. Based on the June 2011 Post-Exam Candidate Survey. CFA Institute Research Challenge: As sponsors, employers gain access to the best and brightest university students competing in a global equity research challenge. Local Societies: CFA member societies support the mission of CFA Institute around the globe by maintaining Job boards, hosting networking events, and supporting continuing ducation. CFA charterholders are experienced, well-rounded, and versatile professionals, and the breadth of knowledge gained from completion of the CFA Program has applications across the investment industry and around the world. harterholder experience Portfolio Managers 22% charterholder occupations 5 Years or Less 24% 6-10 Years Research Analysts Chief Executives 11-15 years Consultants 16-20 years Risk Managers More than 20 Years 17% 29% Not Applicable 4% Relationship Managers, Sales & Marketing Financial Advisers 7% Corporate Financial Analysts Investment Banking Analysts Other ex. rader, auditor, broker, academic charterholder Locale 2% 2011 candidate locale 65% North America Europe Asia Pacific Africa & Middle East Latin America & Caribbean 15% 33% 43% Data are based on self-reported demographic and employment data as of 1 August 2011.

Percentages may not add to 100% due to rounding. www. cfainstitute. org 7 Promote Professional Excellence Encourage Enrollment and Support Candidates Both employers and employees recognize the value and benefits of the CFA designation. In addition to hiring charterholders, many firms encourage staff members to pursue the charter and support them in their studies. There is no one way to help candidates prepare for the CFA exams, and candidate management will differ across firms and business areas.

As you create your employee development programs, you may find it helpful to know that some CFA candidates receive benefits from their employers. l Some of these benefits include: Paid study leave Reimbursement of enrollment, registration, and prep-provider fees Offer of a bonus payment for passing the exams and earning the charter Internal study groups Mentoring programs The person who interviewed me at my firm is a charterholder, and my direct boss is also a harterholder, so they know the effort that was put in, the knowledge gained, and the edge that it gives you.

Rana Atallah, CFA Assistant Vice President, Asset Management National Bank of Kuwait Capital Kuwait City, KUWAIT Based on the June 2011 CFA Program Candidate Survey. 8 9 Daniel Gamba, CFA New York, UNITED STATES Salvador Avila 10 CFA Institute Global Association of Investment Professionals World economies and markets depend on widespread trust. This responsibility?”the trust bestowed on investment professionals?”informs the core of the CFA Institute organizational mission: “To lead the investment rofession globally by setting the highest standards of ethics, education, and professional excellence. CFA Institute is a global, not-for-profit organization comprising the world’s largest association of investment professionals. With more than 100,000 members and many regional societies around the world, CFA Institute is dedicated to developing and promoting the highest educa- tional, ethical, and professional standards in the investment industry. In addition to the CFA designation, the educational and career resources offered by CFA Institute include the Certificate in Investment Performance Measurement ([email protected]) designation.

For more information, visit www. cfainstitute. org or e-mail [email protected] org. Sam Levine, CFA Executive Recruiter The Buttonwood Group, LLC Michigan, UNITED STATES CHARLOTTESVILLE LONDON 560 Ray C. Hunt Drive Charlottesville, Virginia 22903-2981 USA 800-247-8132 Phone (USA and CANADA) +1-434-951-5499 Phone (outside USA and CANADA) 7th Floor 131 Finsbury Pavement London EC2A INT, UNITED KINGDOM NEW YORK 477 Madison Avenue 21st floor New York, New York 10022 BRUSSELS Square de Mee?s 38/40 1000 Brussels, BELGIUM BUENOS AIRES Opening in 2012