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December 2010: 86 days left
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What is CFA?
CFA Program
CFA Requirements
CFA Institute
CFA Exam
CFA Candidates
CFA Benefits
CFA Statistics
CFA Benefits
The value of the CFA designation
Achieving the CFA charter can place one among the elite in the investment management profession. It is the most respected and valued credential in the global finance community and a passport to advancement within the investment management profession.
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Career advancement
Virtually every major financial services firm, consultancy, bank, brokerage, and insurance company worldwide employs CFA Charterholders. The company names below are those with the largest numbers of CFA Charterholders as of January 2008.
| ABN AMRO
Allianz AG Bank of America Corporation Barclays Group BMO Financial Group CIBC Citigroup Credit Suisse Group Deutsche Bank | FMR Corporation
The Goldman Sachs Group Inc. HSBC ING Groep N.V. JPMorgan Chase & Co. Lehman Brothers Inc. Mellon Financial Corporation Merrill Lynch & Co.,Inc. | Morgan Stanley
PricewaterhouseCoopers International Limited RBC Scotiabank Group State Street TD Bank Financial Group UBS Wachovia Corporation |
Source: CFA Institute
Improved Compensation Potential
Compensation Increase
Source: CFA Institute 2007 Member Compensation Survey
The graph above is based on the CFA Institute 2007 Member Compensation Survey. Respondents were asked to indicate the change in their total compensation from 2005 to 2006. On average, 73 percent of the investment professionals responding reported an increase in compensation. The table below shows the average total compensation for selected occupations for selected countries in U.S. dollars.
| Average Total Compensation for Selected Occupations (in U.S. dollars) | |
| Germany | |
|---|---|
| Portfolio Manager | $ 156,000 |
| Research Analyst | $ 163,000 |
| Consultant | $ 118,000 |
| Hong Kong | |
| Portfolio Manager | $ 175,000 |
| Research Analyst | $ 102,000 |
| Switzerland | |
| Portfolio Manager | $ 178,000 |
| Research Analyst | $ 164,000 |
| Consultant | $ 196,000 |
| Private Banker | $ 128,000 |
| United Kingdom | |
| Portfolio Manager | $ 253,000 |
| ResearchAnalyst | $ 236,000 |
Source: CFA Institute 2007 Member Compensation Survey
Global Network
As a CFA candidate, you can join CFA Institute and local investment societies. These memberships offer a multitude of ongoing educational, professional development, and networking opportunities, as well as members-only access to CFA Institute's and local societies' job sites.
CFA Society: Benefits of Membership
- World-class, live programming that supports the career advancement of members
- Guidance on ethical issues, standards, and codes of conduct
- Continuing education on issues and sectors of the investment, management profession
- A global job database, career coaching, and networking and global network of colleagues
- Opportunities to advocate for the values and standards that are hallmarks of fair and transparent markets, raise awareness of the profession, and volunteer on a local, regional, or global basis.
Source: CFA Institute – Membership Benefits
“Stalla has taken the logistical burden off our shoulders and enabled us to offer a quality review program with minimal administrative efforts. We have a solid belief in Stalla’s approach.”
"CFA Society of Chicago has had a long-standing partnership with Stalla and a firm belief in Stalla's approach to the CFA Exam preparation process."
Jill Epstein, JD, CEO, CFA Society of Chicago
"CFA Society of Chicago has had a long-standing partnership with Stalla and a firm belief in Stalla's approach to the CFA Exam preparation process."
Jill Epstein, JD, CEO
CFA Society of Chicago
CFA Society of Chicago
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