Best Finance Certification
If you are considering a career as a financial analyst, or are already working as one, having a professional finance certification will increase your earning power, reputation and ability to deliver high quality financial analysis May increase significantly. This guide will walk you through each of the top finance certifications and designations for any professional looking to pursue their career as a Certified Financial Analyst.
Chartered Financial Analyst (CFA) Certification
The Chartered Financial Analyst (CFA) certification is one of the most sought-after professional credentials in finance, but is the credential worth it? The CFA certification is offered to finance professionals who specialize in finance and qualifications for the CFA exam conducted by the CFA Institute. According to the CFA Institute report, at the end of last year 49,380 candidates opted for the CFA exam. This number establishes the increasing demand for CFA as a credential. Now the question arises whether the CFA certification is worth taking the programmer into the real corporate world or is it just another degree in your resume.
Certified public accountant (CPA)
CPAs are licensed by their state board of accountancy to provide accountancy services to the public. Not all accountants are CPAs, but the credential reflects a high-quality, respected accounting professional. The process to become a CPA varies by state, but you need to have at least a bachelor’s degree and two years of public accounting experience before being eligible to sit the Uniform CPA exam. The examination itself is made up of four sections, each of which takes four hours to complete.
Financial Risk Manager (FRM) Certification
There is an atmosphere of increasing insecurity in the current economic situation. This motivates business management to emphasize risk management practices to deal with any unwanted situations. Thus, experienced professionals in the field of risk management are in great demand. To be a risk management specialist, you can take the FRM certification, which is one of the most widely accepted credentials in the field. The program helps to enhance your risk management skills and enables you to apply your knowledge in real-life situations. It is an extremely well-prepared course that is revised periodically to include any new progress and changes in the field of risk management and quantitative analysis.
Chartered Investment Counselor (CIC)
CIC is a subset of the CFA designation specifically for those working in investment consulting and portfolio management. To be eligible to earn the CIC designation, a candidate must work in an investment advisory association-member firm and have at least five years of experience. Candidates also require character and professional references and to work as an assistant. If you have a large portfolio and need a high-level expert to manage your investment, then you should look for a CIC.