If you want to become a CFA® charterholder, you must be prepared to put in hundreds of hours of study. The CFA® Institute estimates that a candidate must prepare for at least 300 hours for each of the three levels.
In order to work as a CIBA, you’ll need to understand US GAAP and IFRS accounting standards, key financial modeling concepts, and the credit quality of companies. Plus, you’ll need to thoroughly understand every step of the M&A process.
Spend any time on the internet and you’ll quickly discover a ton of free resources available to help you learn about virtually anything. Studying for the CFA is no different, although some materials are a better use of your time than others.
Both the Chartered Financial Analyst (CFA®) and Financial Risk Manager (FRM) credentials designate professionals who are knowledgeable in finance and capable of analyzing investments. Although both certifications are financially based, they are very different in nature and allow their holders to perform different tasks and specialize in different activities. Let’s take a look at CFA®