cfasig welcome tea - bschool.nus.edu.sg · passed cfa level i passed cfa level ii passed cfa level...

1

[email protected]@nus.edu.sg

CFA Students' Interest Group CFA Students' Interest Group

(CFA SIG) (CFA SIG)

Welcome TeaWelcome Tea

2CFA Students' Interest Group

�Welcome Address

� Introduction

� Address by our Adviser

� Overview of CFA Program

� Q&A / Reception

AgendaAgenda

2


Welcome AddressWelcome Address

byby

Jack Wang, CFAJack Wang, CFAChairperson Chairperson

University Relations and Career DevelopmentUniversity Relations and Career Development

CFA SingaporeCFA Singapore

[email protected]@regis.com.sg


� To join a network of study groups so as to achieve optimum and efficient preparation to pass the level I CFA exam

� To gain access to candidate resources and experienced advice that would give you an advantage in the level I CFA exam

� To be a part of a strong network of like-minded future CFA charterholders

Objectives of Joining the CFA SIGObjectives of Joining the CFA SIG

3


The 1The 1stst Executive and Founding CommitteeExecutive and Founding Committee

Chen JianwenPhua Zhenghao Sng Jia Hao

PresidentVice President Vice President

Passed CFA Level I Passed CFA Level II Passed CFA Level I


Our AdvisersOur Advisers

Director, NUS CFA Program Partnership, 2007

Chartered Financial Analyst, 1995

Associate Professor of Finance

DR. LAM SWEE SUM

4


Our AdvisersOur Advisers

CFA Singapore Society, Co-Chairman,

Candidate Programs Sub-Committee, 2006

Chartered Financial Analyst, 2002

Assistant Professor

DR. LOW CHEE KIAT


http://http://www.bschool.nus.edu.sg/cfawww.bschool.nus.edu.sg/cfa//

NUSNUS--CFA Program PartnershipCFA Program Partnership

Check out our website and subscribe to email updatesCheck out our website and subscribe to email updates

5


CFA Institute Mission StatementCFA Institute Mission Statement

To lead the investment profession

globally by setting the highest

standards of ethics, education, and

professional excellence.


� Widely considered as the investment profession's most

rigorous credential program

� Acknowledged as the benchmark for measuring

competence and excellence in financial markets

� Increasingly a requirement in many firms' recruitment

About the CFA DesignationAbout the CFA Designation

6


Benefits of the CFA ProgramBenefits of the CFA Program

� Credibility: Clients and colleagues regard you with a

presumption of expertise

� Competitive Advantage: Employers and clients want the

experience that comes with the CFA charter

� Connections: You’ll join a global network of more than 78,000

professionals

� Recognition: You’ll earn a designation praised by employers

and media


Benefits of CFA Program Benefits of CFA Program

–– KnowledgeKnowledge

7



–– Respect & CredibilityRespect & Credibility

Most common occupations of CFA charterholders

• CEO • Investment Counselor

• Chief Investment Officer • Investment Firm Manager

• Equity Analyst • Portfolio Manager

• Fixed Income Analyst • Portfolio Strategist• Investment Banker • Sales/Marketing Professional



–– Diverse Career OpportunitiesDiverse Career Opportunities

Mutual Funds / Investment Companies 26%

Brokerage / Investment Banks 18%

Investment Management Counselors 12%

Commercial Banks / Trust Companies 15%

Consulting Firms 7%

Insurance Companies 5%

Other 17%

8



–– Opportunity: Top 26 EmployersOpportunity: Top 26 Employers

• ABN AMRO • J.P. Morgan Chase & Co.

• Allianz AG • Lehman Brothers

• Bank of America • Mellon Financial Corporation

• Barclays • Merrill Lynch & Co., Inc.

• BMO Nesbitt Burns, Inc. • Morgan Stanley

• CIBC World Markets • PricewaterhouseCoopers

• Citigroup • Credit Suisse Group

• Prudential Financial • Putnam Investments

• Deutsche Bank • RBC Financial Group

• Goldman Sachs • Scotia Capital

• FMR Corp • TD Financial

• HSBC • UBS AG

• ING Groep N.V. • Wachovia


Benefits of CFA (Chartered Financial Analyst)Benefits of CFA (Chartered Financial Analyst)

CFA qualifications a plus

9



CFA charterholders or

candidates in the CFA

program are to be favored

Switzerland



“Whereas there are tens of thousands of finance degrees availablearound the world, ranging from the excellent to the worthless, there is only one CFA, managed and examined by an American association of financial professionals, the CFA Institute. It used to be just an American qualification. But explosive growth has madeit, in effect, global currency.”

The Economist

Feb. 26-Mar 4, 2005

10


� If you pass all three exams and meet the professional and

ethical requirements, plus the relevant amount of work

experience, you earn the CFA designation

� Exams for all levels are held in locations around the

world

� Level I exams are held in June and December. Levels II

and III are only held in June

Overview of the CFA ProgramOverview of the CFA Program


� Sequentially pass Level I, II, and III exams. Do note that you

must be in your final year of study before you are allowed to

attempt the level I exam

� Have four years of acceptable work experience

� Provide professional references (Level III)

� Join CFA Institute as a member and apply for membership

in a local CFA Institute society

� Submit professional conduct statement

CFA Charter RequirementsCFA Charter Requirements

11


CFA Exams DatesCFA Exams Dates

Level I:

2 December 2007 (Exam date in Eastern Asia and Oceania)

8 June 2008 (Exam date in Eastern Asia and Oceania)

Level II & III:

8 June 2008 (Exam date in Eastern Asia and Oceania)

Note: Results released around 2 months after exam dates.

Candidates must wait to receive their exam results before

registering for the next exam


$1395 = $930 + $465 17 Mar 2008:

$1078 = $688 + $390 15 Feb 2008:

$990 = $600 + $390 26 Sep 2007:

Total cost=Exam registration*+Program enrollment

(new candidates only)Payment

deadlines

CFA Exams Fee Schedule (June 2008)CFA Exams Fee Schedule (June 2008)

Level I (Fees in US Dollars)

Level II & III& III (Fees in US Dollars) (Fees in US Dollars)

$930 = $930 + n/a 17 Mar 2008:

$688 = $688 + n/a 15 Feb 2008:

$600 = $600 + n/a 26 Sep 2007:

Total cost=Exam registration*+Program enrollmentPayment

deadlines

*Beginning with the 2008 exams, the exam registration fee also includes the complete curriculum

and one sample exam. The curriculum portion of the fees will be taxed in MA, NY, NJ, VA, PA,

IL, and Canada. Customs fees may be required for international customers.

12


Topics Covered: CFA Candidate Body of Knowledge (CBOK) Topics Covered: CFA Candidate Body of Knowledge (CBOK)

• Ethical and Professional Standards

• Quantitative Methods• Economics

• Financial Statement Analysis

• Corporate Finance

• Analysis of Equity Investments

• Analysis of Debt Investments

• Analysis of Derivatives

• Analysis of Alternative Investments

• Portfolio Management and Performance Presentation

Investment Tools

Asset Valuation


Relevant BBA ModulesRelevant BBA Modules (Level 1)(Level 1)

� Introduction to Statistics (ST1311)

� Finance (FNA2004)

�Managerial Economics (BSP1005)

�Macroeconomics (BSP2001)

� Financial Accounting (FNA1002)

� Financial Statement Analysis (FNA3113)

� Corporate Finance (FNA3101)

� Financial Markets (FNA3103)

� Investment Analysis (FNA3102)

Quantitative Methods

Economics

Corporate Finance

Financial Statement Analysis

Asset Valuation

Portfolio Management and

Performance Presentation

13


Useful Additional BBA ModulesUseful Additional BBA Modules (Level 1)(Level 1)

� Fixed Income Securities (FNA3120A)

� Options and Futures (FNA3116)

� Financial Risk Management (FNA3118)


Topics Covered: Approximate Percentage BreakdownTopics Covered: Approximate Percentage Breakdown

40%

40%

10%

10%

50%

35%

5%

10%

50%

30%

15%

5%

Level I Level II Level III

Investment Tools

Asset Valuation

Portfolio Management

Ethics & Professional Standards

14


Exam FormatExam Format

� Each exam is six hours long and is split between morning

and afternoon sessions.

●50%

●50%

Level III

●100%

Level II

●100%

Level I

Constructed Response

Item Set (Objective)

Multiple Choice


Student Scholarships Student Scholarships –– For New Level I Candidates OnlyFor New Level I Candidates Only

� Awarded by qualified CFA charterholder full-time faculty

members

� Interested candidates apply and then pass through a rigorous

selection process involving interviews and other criteria

15


Other AdviceOther Advice

Sharing of personal experiences from our

three exco members


CFA SIG Coaching SessionsCFA SIG Coaching Sessions

� Every Wednesday from 1600-1730 (by prior appointment)

� Venue: TBC

� You will get to consult with two members of the executive

committee on problem areas you encounter in your preparation

� To enroll for a particular week’s session, please send an email

to [email protected] by 12 noon of the prior Tuesday

16


Candidate Resource Loan SystemCandidate Resource Loan System

� 2 Sets (6 books each set) of Stellar Study Guides available

� Each member is allowed to borrow only one book at any one time

� Members are not to lend the Study Guides to non-members without approval of the committee

� Borrowing must be done in person but not returns


Candidate Resource Loan SystemCandidate Resource Loan System

� Loan Period:

- Monday – Thursday

- Thursday – Monday

� Borrowing Time/Returning Time:

- Every Monday and Thursday,

Returning Time > 1130-1200

Borrowing Time> 1200-1230

� Overdue Penalty:

- $2.00 for each additional day

� Damages will be charged accordingly

� Reservations to be made through IVLE Community one week in advance (from Monday 0900 hrs) on a first-come-first-served basis.

� Location

- Computer Lab 1 (area near the Bloomberg Machine)

17


CFA SingaporeCFA Singapore

� Established in September 1987, CFA Singapore is a

professional society that brings together practitioners in the

investment and fund management industry in Singapore

� Its principal objective is to promote and uphold professional

standards and ethical practice in financial analysis and

investment management in Singapore

www.membersocieties.org/singapore/

[email protected]


Questions?Questions?

Contact us at [email protected] for any enquiries or

urgent help needed in your revision

Register and more about CFA Program:

http://www.cfainstitute.org/cfaprog/index.html

About BBA-CFA Partnership

http://bba.nus.edu/cfa.htm

cfasig welcome tea - bschool.nus.edu.sg · passed cfa level i passed cfa level ii passed cfa level...

Documents