How to Become a CFA Charterholder?
Becoming a CFA charterholder is definitely an achievement as the candidate has to pass three extremely challenging exams. Most CFA charterholders work as research analysts and portfolio managers. However, there are several other designations that they can assume as well. There is a whole process that the candidate needs to go through to become a CFA charterholder.
Here are the steps you need to follow to become a CFA charterholder.
1. Take the CFA Exams
The first step to becoming a CFA charterholder is to take the CFA exams. The whole program consists of three levels, and candidates need to pass all of them to become CFA charterholders. Every candidate needs to meet these requirements.
2. Gain Qualified Experience
A CFA charterholder must obtain qualified experience. Gaining experience is essential to add value to the business you work for, especially in the investment decision-making process. Make sure you fulfill this requirement before you move to the next step.
3. Submit Reference Letters
Make sure to get reference letters from colleagues who are CFA charterholders themselves. The reference letters will help you showcase your professional character and experience.
4. Apply to Become a Member
The last step is to apply for membership at the CFA Institute. You have to wait for your application to get approved to become a member. Once your membership is approved, you will become a CFA charterholder.
Should You Become a CFA Charterholder?
If you’re interested in the financial industry and want to move ahead in your career, taking the CFA exam is the best thing to do. It will open doors for you to work with multinational organizations. It’s an excellent designation and is recognized all over the world.
So, if you’re decided on becoming a CFA charterholder, follow all the above-mentioned steps to get your designation. You won’t be disappointed by choosing the CFA charter as the next step for your education and the furthering of your career.
Francisco J. Faraco is a CFA charterholder who has gained plenty of experience in the field by working with different organizations. He has been living in New York with his family for the last 12 years and is currently working as a Teaching Assistant in the Financial Mathematics program at the University of Chicago.