The fundamentals of the quantitative are essential in almost any type of financial analysis. This session introduces two quantitative analytical tools:
Sunday, August 31
Thursday, August 21
What is the acceptable work experience?
At least 50 percent of your time in qualifying activities to accrue your required professional work experience. Summer, part-time, and internship positions do not qualify. Managing your own investments does not qualify.
Qualifying activities include being:
Qualifying activities include being:
- Directly involved in the investment decision-making process;or
- Engaged in responsibilities and/or producing a work product that informs or adds value to that process
Sample job titles and jobs descriptions
Job Title: Work Experience Description
Portfolio Manager:
- Rebalance high-net-worth clients' portfolios by trading short-term assets and pooled funds. Analyze and evaluate client performance reports
- Rebalance portfolios; perform reporting.
Securities Underwriter:
- Prepare financial models based on reviewed information; participate in the valuation and decision-making process; analyze fundamental and value acquisition targets for clients.
- My company provides risk analysis and financial planning for customers.
Auditor:
- I perform financial statement audits of investment companies and in the process test the custody and pricing of the portfolios. Used Bloomberg and learned the accounting of several security types, including equities, bonds, options, and futures.
- Review the internal control processes to ensure compliance with the requirements of the Sarbanes-Oxley Act and recommend process improvements. Perform non-SOX-related financial and operational audits on businesses to identify control and process weaknesses and recommend process improvements.
Quantitative Investment Analyst:
- As a financial engineer in an asset management company, I am responsible for evaluating product development and using quantitative methods and tools to recommend asset allocations, construct portfolios, and perform derivative analysis.
- My work is related to product design and quantitative analysis.
Consultant:
- I am a management consultant to the financial services industry, working with risk management functions, assisting clients in developing and refining statistically based credit risk models covering a diverse range of portfolios.
- Management consulting for the financial services industry.
Actuary:
- I perform projections, cash flow analysis, and durational analysis of individual health insurance policies. These activities have a direct bearing on the investments chosen to back the reserves for these blocks of business.
- Support annual actuarial valuation process. Benefit calculations.
How to be chartered?
The requirements to be a Charter:
- Must become a regular member of CFA Institute
- Passed all three levels of exams
- Have 4 years (48 months) of acceptable professional work experience
How to get the results?
Results are available online within 90 days of the exam date (60 days for level 1). The exam results are reported as “pass” or “fail” and a score matrix is provided as an indicator.
Who can enroll the exam?
- Have a U.S. bachelor’s (or equivalent) degree or be in the final year of your bachelor's degree program at the time of registration, scheduled to receive a bachelor's degree; or have four years of qualified, professional work experience or a combination of work and college experience that totals at least four years. Summer, part-time, and internship positions do not qualify;
- Meet the professional conduct admission criteria (during the application process, you will be asked to sign statements of Professional Conduct and Candidate Responsibility).
- Be prepared to take the exams in English.
Subscribe to:
Posts (Atom)
