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These are the jobs you can do with each level of CFA qualification

If you have done or are doing the CFA qualifications leading to the CFA Charter, you may be

wondering what you'll be equipped to do once you've passed each of the three exams.

Fortunately, therefore, the CFA Institute has clarified this. Earlier this month, they sent us the following statement:

Each level of the CFA exam is designed to provide candidates the opportunity to demonstrate the degree to which they have mastered the concepts necessary to perform competently at a certain level in the investment profession. Passing Level I indicates the candidate has attained the knowledge, skills and abilities to perform competently in positions such as Assistant Analyst; passing Level II indicates the candidate has attained the knowledge, skills and abilities to perform competently in positions such as Asset Valuation Assistant; passing Level III indicates the candidate has attained the knowledge, skills and abilities to perform competently in positions such as Assistant Portfolio Manager.

Clear now?

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AUTHORSarah Butcher Global Editor
  • Ka
    Kay
    2 November 2016

    It is interesting to see the alternative opinions to the usual hero worship of the CFA designation. I'm not sure of any degree in the world that guarantees a job or success at anything. You still have to put in the work and smarts required to excel. My sense is that the CFA is a recognition that a person has some basic knowledge. I think it would be silly to think that the designation is the only route to success in the investment industry. Inspite of that, i think it is an extremely useful process to go through. The amount of study required is surreal though! I've always thought it was ridiculous but still I have sat for and passed Level 1 and will do same for the other levels as well. I do not expect that it can significantly improve my income, but then again that's not I'm doing it. I'm finding knowledge gained immensely useful

  • st
    stillhere
    23 June 2011

    @Bharat

    I am well ahead in academic and professional qualifications that actually teach you something to need a CFA. But as I had some spare time, I did the multiple choice testsb to kill some time while I was waiting for some information. Except for the specifics in US law and regulation, the answers I gave without study and going in cold, were 98% percent correct. There were some where my interpretation of the wording was ijncorrect. Otherwise, the multiple choice made it easy.
    You will not find this level of ease in the ACA or ACT/MCT, and especially the CQF exams.

  • be
    bemused
    23 June 2011

    I want a CFA refund. I have passed all 3 exams and I still cannot get a job coupled with two undergrad degrees and other professional qualifications. CFA is a a cheap option but my money would have been better spent at a reputable institution and gaining a real post grad qualification. It seems like the CFA now sponsor efinancialcareers. Soon only CFA Chartertholders will be able to post to this forum.

  • Pe
    Peter
    22 June 2011

    Body of knowledge of CFA covers just some basic theories and practices in the industry, which is essential for investment professionals. You can choose not to take the exam and the designation, but you cannot ignore or be unaware of the Body of knowledge, to claim yourself as an intelligent investor. Before any comment, better learn a bit about the Body of Knowledge first. CFA is a title worth efforts to earn, be you already a star or just a beginner. It teaches you relevant investment knowledge which is hard to find in MBA programs, and itself at least an evidence of academic outstanding.

  • Lo
    Lorenzo
    22 June 2011

    ...rare!

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