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  • EARNING THE CFA CHARTER

    Marcelo Suárez Castillo, CFA

    19 August 2014

  • Global association of investment professionals

    dedicated to promoting the highest standards of

    ethics, education, and professional excellence

    for the ultimate benefit of society

  • CFA INSTITUTE ORGANIZATIONAL PILLARS

    3

    • Championing ethical behavior in investment markets

    Ethical Champion

    • Creating a strong community of investment professionals

    Global Community

    • Being a respected source of knowledge in investment markets

    Industry Knowledge

    • Raising standards of professional excellence in the industry

    Professional Excellence

    • Build an investment industry that serves the interests of investors and society

    The Greater Good

  • CFA INSTITUTE PORTFOLIO

    4

    CFA ® Program

    Claritas™ Investment Certificate

    MyCFA and Blogs

    Educational Events, Publications, and Multimedia

    Career Resources

    Ethics and Standards

    CIPM® Program

    Local CFA Institute Society Network

  • CELEBRATING 50 YEARS OF THE CFA CHARTER

    5

  • 34.4 million people in the finance industry

    2.7 million investment professionals

    4% of investment professionals are CFA charterholders

    6

  • THE CFA CHARTER

    A mark of distinction and globally recognized professional

    credential in the finance and investment industry.

    7

    “Among the countless finance degrees around the world,

    the Chartered Financial Analyst qualification has become

    the gold standard.”

    Financial Times

    13 August 2010

  • THE CFA CHARTER

    If you are looking for a passport to the world of finance and

    investing, earning the CFA charter could be the most

    important move you make in your career.

    • Held by over 115,000 investment professionals working in more

    than 130 countries

    • Recognized by regulatory bodies in many countries as a proxy for

    meeting certain licensing requirements

    • 140 universities around the world incorporate the CFA curriculum

    into their degree programs

    8

  • GROWING DEMAND FOR

    THE CFA CHARTER

    Candidate exam registration

    9

    0

    50,000

    100,000

    150,000

    200,000

    250,000

    1996 1998 2000 2002 2004 2006 2008 2010 2012

  • EMPLOYERS SEEK OUT

    THE CFA CHARTER

    “You have, or are in the final year of [earning], your CFA designation”

    Equity Research Associate, Bank of America Merrill Lynch, 2010

    “Enrollment in, or completion of, a CFA designation [program] would

    be an asset”

    Investment Banking Analyst, Goldman Sachs, 2010

    “Completed [the CFA Program] or working towards CFA designation is

    advantageous”

    Analyst, BlackRock, 2010

    10

    * Listings from CFA Institute JobLine

  • 11

  • TOP GLOBAL EMPLOYERS OF

    CFA CHARTERHOLDERS

    *As of September 2012

  • WHAT CAN I DO WITH

    THE CFA CHARTER?

    Charterholder employment by sector

    *As of September 2012

  • WHAT CAN I DO WITH

    THE CFA CHARTER?

    Charterholder employment by title

    *As of September 2012

  • WHAT YOU LEARN AS A CFA CHARTERHOLDER

    Investment Tools

    • Quantitative Methods

    • Economics

    • Financial Reporting & Analysis

    • Corporate Finance

    Asset Classes

    • Equity Investments

    • Fixed Income

    • Derivatives

    • Alternative Investments

    Portfolio Management & Wealth Planning

    • Private Wealth Management

    • Institutional Management

    • Risk Management

    • Performance Measurement & Evaluation

    Ethics &

    Professional

    Standards

  • THE THREE LEVELS OF THE CFA EXAMS

  • THE CFA EQUATION

    17

  • WITH THE CFA CHARTER, YOU …

    • Develop a comprehensive investment perspective

    • Gain fluency with current practical investment analysis and management

    • Earn credibility with industry peers

    • Become part of a global community of top investment professionals

    • Gain flexibility to work in any market

    • Are sought out by top industry employers

    • Demonstrate a commitment to ethics and professional standards

    18

  • 19

  • 20

    www.cfainstitute.org/cfaprogram

    BECOME A CFA CHARTERHOLDER

  • 22

  • 23

  • 24

    • Put client interests first.

    • Preserve confidentiality.

    • Avoid, or at the very least, manage conflicts of interest.

    • Provide full and fair disclosure.

    • Treat all clients fairly.

    • Act with reasonable care and prudent judgment.

    • Maintain independence and objectivity.

    • Source: Michael G. McMillan, CFA. Director, Ethics and Professional Standards. CFA Institute.

    “Ethical Decision Making.” CFA Institute Conference Proceedings Quarterly. December 2012

    ETHICAL PRINCIPLES

    Effective

    Thinking about

    Honesty,

    Integrity,

    Character, and

    Suitability

  • 25

  • 26

  • WHAT IS THE CFA CHARTER?

    • Since 1963, the CFA (Chartered Financial Analyst)

    Charter has been recognized as the top globally recognized investment credential since 1963

    • Deemed the “gold standard” by industry leaders and employers

    • A designation held by over 90,000 investment professionals in more than 135 countries

    • Top employers

    - Regulators in 19 countries recognize the charter as a proxy for certain licenses

    If you’re looking for a passport to the world of investment and finance, earning the CFA charter could be the most important move you make in your career.

    27

  • WHAT IS THE CFA INSTITUTE RESEARCH

    CHALLENGE?

    How is it organized?

    • Worldwide intercollegiate competition

    between teams of students

    • Organized by local CFA Institute

    volunteers – usually through CFA

    member societies

    • At least 4 teams of 3-5 students

    participate

    What does it involve?

    • Analysis of a publicly-traded company

    • Interviews with company management

    • Mentoring by a CFA charterholder

    • Research report writing

    • Presentation of research

    28

  • 2015 CHALLENGE DIAGRAM

    29

    90+ LOCAL LEVEL CHALLENGES

    AP

    Regional

    ~20 Teams

    EMEA

    Regional

    ~25 Teams

    Americas

    Regional

    ~48 Teams

    Global Final

  • BENEFITS FOR STUDENTS

    • Best practices in research and report writing

    • Real-life learning experience as an Equity Analyst

    • Access and exposure to leading industry

    professionals

    • Professional report and experience to use on

    resume/CV and job interviews

    • Experience presenting to top financial

    professionals

    • Individual and team prizes

    • Opportunity for travel

    • Potential for media exposure

    • A network of over 10,000 students and 2,200

    volunteers worldwide

    30

  • 2015 RESEARCH CHALLENGE NETWORK

    31

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