You also don’t have to quit your job, unlike some full-time MBA programs. Typically, it takes between two and five years to complete the CFA Program and pass all three levels of examination. In terms of compensation, it pays better to hold a CFA charter but it pays even more to have an MBA as well. While nothing on your resume guarantees you a job (even the CFA charter), the charter will boost your finance credentials. You’ll gain unmatched career resources and relationships, as well as access to jobs around the world that require a CFA charter or candidacy. Wholly owned by IAC (NASDAQ: IAC), Investopedia is the world's leading source of financial content on the web, with more … CHARTERED FINANCIAL ANALYST® DESIGNATION, Posted By: Kaplan SchweserUpdated: August 4, 2020. Students. If you’ve considered advancing your career by adding those three letters to your business card, we’ve outlined five good reasons you should enroll in the CFA Program and take the first step toward becoming a Chartered Financial Analyst. If you’re looking for a cost-effective certification that will give you global recognition and a deep understanding of finance, you should consider the Chartered Financial Analyst® (CFA®) designation. The CFA charter is recognized by regulators, universities, and certification programs in at least 30 countries and territories. For a professional qualification, that is quite a bargain. 1) Better Job Prospects – Financial services companies are taking longer to fill positions, choosing to focus on finding candidates who mesh with their cultures. While hectic, it is manageable to study for the CFA exam while you work. You don’t have to be a working professional to enter the CFA Program. The CFA Institute reporting pass rates below 50% for all three exams. According the CFA “This self-study program can benefit anyone working in a financial services organization, from client services to compliance; from human resources to IT; from sales and marketing to legal services. According to CFA Institute, the top ten employers of Chartered Financial Analysts are: While an MBA can cost over $100,000, the CFA charter only costs between $2,400 and $12,000, depending on when you register, what study materials you buy, and how many exams you end up taking. The CFA charter is not the golden ticket to landing your dream job; however, it will give you deep knowledge in the areas of investment analysis, asset management, and ethics. According to the CFA® Institute, there are more than 120,000 CFA charterholders worldwide. If you have the time and money, the CFA charter is a great addition to your resume/CV. The CFA Institute reporting pass rates below 50% for all three exams. If you’re currently working in finance, the CFA … Based on July 2014 statistics, below are the Top 10 employers of CFA charterholders. Like we said, CFA Institute has a global network of over 135,000 investment professionals. Seven percent of CFA charterholders even go on to be chief-level executives. If you know your password, you can go to the sign in page. Who Are the Top Employers of CFA Charterholders? they are found in all the domains of finance industry around the globe. This set of skills and knowledge you will develop as you become a CFA charterholder will serve you well throughout your career. Completing the CFA Program allows you to become a CFA Institute member, which is a global network of over 135,000 investment professionals. Below is a comparison from compensation research firm PayScale. While the CFA charter often takes longer to earn than an MBA (2-5 years v. 2-3 years, typically), there is a wide chasm in terms of cost. What Does a CFA Do? Firms that focus on the “buy side” (investing institutions like mutual funds, pension funds, and insurance firms that buy large portions of securities for money-management purposes) prefer CFA charterholders to MBAs. Nearly 7% of CFA charterholders are C-level executives.  To complete the process, and get your charter, you will need to document 48 months of relevant work experience under your belt.