The Chartered Financial Analyst (CFA) designation is an incredibly valuable credential. Many finance industry stakeholders consider the CFA charter the highest achievable distinction for professionals in the finance industry. It's also a crucial designation for financial professionals who want to further their careers. The charter provides you with the knowledge needed to make complex financial decisions. It also helps you navigate ethical issues with more clarity throughout your career. Well then, what are we waiting for? Let's get started with the ultimate checklist!
CFA Charterholder Checklist
- Pass the CFA Exams - Okay this was an obvious one but hey you got to cover the basics! There are three levels of the CFA exam that build upon the other in both curriculum topics and difficulty. You must pass all three levels of the CFA exam before you can earn the CFA charter.
- Fulfil the Work Requirement - you can get the required work experience before, during, and after enrolling in the CFA program. According to the CFA Institute, “You can gain experience with the investment decision-making process or producing a work product that helps inform or add value to that process.
- Submit Letters of Reference - you’ll need to submit two to three letters of recommendation from those who can discuss your work experience. These individuals will provide insight into your professionalism and character.
- Apply to Become a CFA Charter-holder - after you pass all three levels of the CFA exam, fulfil your work requirements, and submit two to three letters of reference, you should apply to become a member of the CFA Institute. Once the CFA Institute approves your application, you will have achieved the Chartered Financial Analyst (CFA) charter.
While it may seem like a lot of work to become a CFA charter-holder, the benefits are extremely valuable to your career. You're guaranteed to earn higher and more expansive career opportunities as well as higher salaries!