Chartered Financial Analyst(CFA) 特许金融分析师


我们学校有考过CFA的同学吗？

有兴趣的同学进来交流哈！

想在大四毕业那年把Level 1过了。
以下所有的资料和信息，都是最近搜集的啊!有兴趣的把自己的资料拿来分享呀！期待！

2008年CFA Level 1的官方指定教材Schweser Study Notes名称
官方教材 LEVEL 1：
Book 1：Ethical and Professional Standards and Quantitative Methods
Book 2：Economics
Book 3：Financial Statement Analysis
Book 4：Corporate Finance and Portfolio Management
Book 5：Equity and Fixed Income
Book 6：Derivatives and Alternative Investments

Study Notes LEVEL 1：
－Book 1 : Ethical and Professional Standards, and Quantitative Methods
－Book 2 : Economics
－Book 3 : Financial Statement Analysis
－Book 4 : Corporate Finance, Portfolio Management, Markets, and Equities
－Book 5 : Fixed Income, Derivative and Alternative Investments


       CFA(Chartered Financial Analyst),特许金融分析师的简称,是证券投资与管理界最具权威的一种职业资格,由美国注册金融分析师学院(ICFA)发起设立。
    注册金融分析师计划是美国注册金融分析师学院于1963年设立，目前由总部设在美国吉尼亚州的非赢利组织投资管理与研究协会(AIMR)负责管理。注册金融分析师认证是金融分析领域全球公认的最高标准，该标准不仅用来衡量金融分析师的业务能力，也同理代表其诚信程度。投资管理与研究协会在全球拥有十万会员，上百个会员协会和分会，其宗旨是通过上的精益求精和诚信，建立并保持最标准来促进全球投资行业的利益。

    世界金融市场的成长产生了对合格投资专业人员前所未有的需求。投资人和雇住比以往任何时候更需要一个统一的标准来衡量金融分析人员的知识、诚信和专业化程度，从而信赖他们管理资产。 特许金融分析师（CFA®）就是这样一个标准。

    CFA®资格授予广泛的各个投资领域内的专业人员，包括基金经理、证券分析师、财务总监、投资顾问、投资银行家、交易员等等。CFA®求它的持有人建立严格而广泛的金融知识体系，掌握金融投资行业各个核心领域理论与实践知识，包括从基础概念的掌握，到分析工具的运用，以及资产的分配和投资组合管理。

    需要通过三个级别的考试以展示候选人对知识的掌握程度。由于CFA®资格考试采用英文，候选人首先应掌握金融知识外，对于英语非母语的专业人士来说还必须具备良好的英文专业阅读能力。CFA®的知识体系动态好反映全球投资行业不断发展变化的理论和实践。

    CFA®项目的另一个特色就是诚信。雇住与投资人对资产经理和金融分析师的信任来自于CFA®持证人持续不断地遵守伦理准则，建立和维护他们在全球投资界诚信的形象。

          赢得CFA®称号标志着赢得全球、全行业的尊重与青睐！ 　

       CFA®知识体系涵盖了投资分析行业必备的专业知识：如伦理与职业标准 / 定量分析方法 / 宏微观经济学 会计学 / 公司理财 / 世界金融市场与投资工具 估值与投资理论 / 固定收益证券及其管理 / 权益投资分析 其它种类投资工具的分析 / 投资组合管理

       CFA®的三级认证制度：CFA®的考试认证包括三级，每年6月份举行一次考试，一年只能参加一级考试（从2003年起，世界的某些地区和国家可以进行两次一级考试），因此最少要三年才能完成全部三级考试。在此基础上还需要有三年的金融机构从业经验或三年CFA®协会会员经历才可获得CFA®特许状。 主办CFA®考试和授予CFA®特许状的权威机构是CFA®协会,CFA®的注册报考CFA®协会直接负责。 http://www.cfainstitute.org/
（从2004年开始，经过全体会员的投票，主管CFA®的美国投资管理与分析协会(AIMR®改名为CFA®协会（CFA® institute)

如何取得CFA®资格认证

要获得CFA®认证并非一件易事， 必须满足以下条件：

（1）顺序通过三级考试。
     第一级考试是单纯客观题的考试，主要在于考察考生对投资评估及管理的工具和概念的理解；水平二主要考察资产评估的能力；水平三则考察组合管理及资产分配的能力。水平二和水平三考试的形式是50%的论文和50%的应用题（其中主要是案例分析），从2005年开始二级考试全部改为选择题。 在参加CFA®认证考试之前，考生必须已经获得学士学位（或大学本科四年级），但可以不具备投资管理决策的工作经验。由于CFA®协会将三种水平的考试放在同一天进行考试，且要求必须在通过前一层次的考试后才能进入下一层次的考试，所以一名考生要通过这三门考试，最短的时间是整整三年。CFA®协会对CFA®认证考试如此设计的目的在于在一个不短的时期内，将考生的学习教育与工作经验相结合以达到互补效果，开扩考生的视野，加深知识的理解。参加CFA®认证考试主要是一个自学的过程，每一水平的考试一般要求有多达250小时的准备时间，具体情况因人而异。当注册并报名参加CFA®认证考试后，CFA®协会会给考生寄发学习指南，根据学习指南，考生可以订购CFA®协会推荐的推荐材料进行复习迎考。但必须指出的是，CFA®认证考试不是一种入门级基础性知识的考试，它的难度至少达到硕士研究生课程的层次，而且是全英文考试。

（2）三年的被CFA®协会所认可的工作经验。
    包括：在投资决策过程（如金融分析、投资管理、和证券分析等等）中收集、评估及应用金融、经济和统计数据；直接或间接主管他人进行上述活动；从事上述投资决策活动的教学培训工作等等。CFA®协会要求CFA®认证的申请者必须花超过40%的时间用于以上工作，其中假期、兼职和实习期间的工作经验不予承认。工作经验的积累可以在参加CFA®考试之前，期间或以后， 但只有达到三年的相关工作经验积累后，才能获得CFA®认证。

（3）满足CFA®协会的会员资格要求（其中很大部分是职业行为和道德准则要求）并申请成为一名CFA®协会的成员。
参加CFA®认证是耗时耗力但极具回报价值的投资。在经历上述艰苦的学习过程和达到CFA®协会近乎苛刻的要求后，候选人可以获准使用CFA®称号。在CFA®项目开设以来的38年里（截止于2001年）全球只有约41400名专业人士获得了CFA®认证资格。拥有CFA®资格是一个投资决策管理从业人员高执业水平和道德水准的有力证明。世界各主要发达国家的相关行业都将其作为一个行业高水平人员的衡量标准，对获得CFA®资格者委以重任，报以高薪.

[ 本帖最后由 PKU20042005 于 2008-7-4 21:24 编辑 ]

something useful about Level 1


Topical Outline
  
CFA Candidate Body of Knowledge (CBOK)
  
I. Ethical and Professional Standards
A. Professional Standards of Practice
B. Ethical Practices
  
II. Quantitative Methods
A. Time Value of Money
B. Probability
C. Probability Distributions and Descriptive Statistics
D. Sampling and Estimation
E. Hypothesis Testing
F. Correlation Analysis and Regression
G. Time Series Analysis
H. Simulation Analysis
I. Technical Analysis
  
III. Economics
A. Market Forces of Supply and Demand
B. The Firm and Industry Organization
C. Measuring National Income and Growth
D. Business Cycles
E. The Monetary System
F. Inflation
G. International Trade and Capital Flows
H. Currency Exchange Rates
I. Monetary and Fiscal Policy
J. Economic Growth and Development
K. Effects of Government Regulation
L. Impact of Economic Factors on Investment Markets
  
IV. Financial Reporting and Analysis
A. Financial Reporting System (IFRS and GAAP)
B. Principal Financial Statements
C. Financial Reporting Quality
D. Analysis of Inventories
E. Analysis of Long-Lived Assets
F. Analysis of Taxes
G. Analysis of Debt
H. Analysis of Off-Balance-Sheet Assets and Liabilities
I. Analysis of Pensions, Stock Compensation, and Other Employee Benefits
J. Analysis of Inter-Corporate Investments
K. Analysis of Business Combinations
L. Analysis of Global Operations
M. Ratio and Financial Analysis  
  
V. Corporate Finance
A. Corporate Governance
B. Dividend Policy
C. Capital Investment Decisions
D. Business and Financial Risk
E. Long-Term Financial Policy
F. Short-Term Financial Policy
G. Mergers and Acquisitions and Corporate Restructuring
  
VI. Equity Investments
A. Types of Equity Securities and their Characteristics
B. Equity Markets: Characteristics, Institutions, and Benchmarks
C. Fundamental Analysis (Sector, Industry, Company) and the Valuation of Individual Equity Securities
D. Equity Market Valuation and Return Analysis
E. Special Applications of Fundamental Analysis (Residual Earnings)
F. Equity of Hybrid Investment Vehicles
  
VII. Fixed Income
A. Types of Fixed-Income Securities and their Characteristics
B. Fixed-Income Markets: Characteristics, Institutions, and Benchmarks
C. Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis
D. Term Structure Determination and Yield Spreads
E. Analysis of Interest Rate Risk
F. Analysis of Credit Risk
G. Valuing Bonds with Embedded Options
H. Structured Products
  
VIII. Derivatives
A. Types of Derivative Instruments and their Characteristics
B. Forward Markets and Instruments
C. Futures Markets and Instruments
D. Options Markets and Instruments
E. Swaps Markets and Instruments
F. Credit Derivatives Markets and Instruments
  
IX. Alternative Investments
A. Types of Alternative Investments and their Characteristics
B. Real Estate
C. Private Equity/Venture Capital
D. Hedge Funds
E. Closely-held Companies and Inactively Traded Securities
F. Distressed Securities/Bankruptcies
G. Commodities
H. Tangible Assets with Low Liquidity
  
X. Portfolio Management and Wealth Planning
A. Portfolio Concepts
B. Management of Individual/Family Investor Portfolios
C. Management of Institutional Investor Portfolios
D. Pension Plans and Employee Benefit Funds
E. Investment Manager Selection
F. Other Institutional Investors
G. Mutual Funds, Pooled Funds, and ETFs
H. Economic Analysis and Setting Capital Market Expectations
I. Tax Efficiency
J. Asset Allocation (including Currency Overlay)
K. Portfolio Construction and Revision
L. Equity Portfolio Management Strategies
M. Fixed-Income Portfolio Management Strategies
N. Alternative Investments Management Strategies
O. Risk Management
P. Execution of Portfolio Decisions (Trading)
Q. Performance Evaluation
R. Presentation of Performance Results


..................................................................................................................................................................
CFA 协会（CFA Institute）
为投资专业人士制定全球化标准
你可信赖的伙伴
        投资者和投资专业人士之间的关系必须建立在相互信任的基础之上。机构和个人投资者在策划投资策略时会向可以信赖的, 承诺恪守高标准的专业人士咨询意见，而越来越多的投资者已懂得寻求CFA 协会会员的投资专业人士帮助。

     CFA 协会的前身是AIMR， 是一个非营利机构，其宗旨是通过建立最高的职业道德,教育水平及专业风范来引领全球的投资行业。CFA 协会基建于其CFA®考试和学习课程以及全球132 个会员协会，由志愿者带动其发展，会员包括证券分析师、基金经理、策略分析师、咨询师、教育界人士以及其他投资专业人士。这些专业人士从事各个领域的工作，包括投资咨询与管理、银行业、保险业、投资银行业务和证券经纪公司。通过设立于美国、英国和香港的办事处，CFA 协会代表全球近20 万名的投资专业人士（会员及CFA 考生）管理CFA 考试课程和提供各种服务，一切以以下核心理念为中心：
卓越的专业素质 诚信 团体与合作的力量 志愿服务

“CFA 特许状代表的不仅是一种知识水平，更是崇高的职业道德。在这个诚信至上的行业中，正是道德成为了成败的关键因素。”MARGARET FRANKLIN, CFAPartner, KJ Harrison & Partners Inc. Investors
加拿大安大略多伦多

卓越的专业素质
    投资业的变化多端令投资专业人士须不断更新其在投资决策中运用的知识和技能，以对其客户和雇主负责。在CFA 协会提供给会员和投资业的各种教育课程中，最广为人知的就是CFA 课程，这是一个分三个级别的自学和考试课程，包含了一套广泛的知识体系(Body of Knowledge)。超过90％的CFA 协会会员是CFA 特许状持有人，或是CFA 特许状候选人－CFA 特许状在全球投资界中正日益成为卓越专业素质的标志。CFA 协会会员可通过专业发展课程（Professional Development Program）继续学习，该课程包括每年在世界各地举行的十多次各种与投资相关的研讨会。 此外，CFA 协会还通过在www.cfapubs.org网站上发布在线刊物、200 多个网络讲座课程以及内容丰富的印刷出版物，比如Financial Analysts Journal®和CFA Magazine，直接向其会员提供教育资料。此外，CFA 协会研究所每年还出版众多学术专著，会员可藉此及时了解不断重塑专业的最新应用方法和理论。

“CFA 协会让我不断了解到最新的投资相关问题，对我的同事，雇主和客户而言，CFA 头衔是衡量卓越专业素质的一个标准。”
ZAFEER HUSSAIN, CFA
Head-Sales and Structured Products Standard Chartered Bank
巴基斯坦卡拉奇

诚信
       每年，CFA 协会会员及考生都会签署一份专业行为操守申明，要求他们严格遵守《道德操守》(Code of Ethics)。该操守提倡投资界中的诚信、专业能力和尊严。我们的会员均信守这份操守，并因此赢得了全球投资界的高度尊重。在投资业中维护这种诚信需要严格地和不断地关注道德相关的问题。CFA 金融市场诚信中心（CFA Centre for Financial Market Integrity）负责领导有关的讨论，并不懈推行更高的公司信息披露和资本市场透明度标准。

    CFA 金融市场诚信中心还制定了多个行业标准，比如《全球投资表现报告标准》（Global Investment Performance Standards, GIPS®），投资管理公司可以藉此确保投资表现的公正报告和全面披露。另外，CFA 协会还制定了《投资交易管理指引》（Trade Management Guidelines）、《投资行业非金钱利益标准》（Soft Dollar Standards）、《客观投资研究工作标准》（ResearchObjectively Standards）、《上市公司与证券分析师关系最佳实践行为指南(Issuer/Analyst Best Practices)、《基金经理专业守则》(Asset Manager Code of Conduct) 《上市公司公司治理――投资者手册》(The Corporate Governance of Listed Companies: A Manual for Investors)及《全面性业务汇报模式》(Comprehensive Business Reporting Model)。

“CFA 特许状给予雇主和投资者一种信心，CFA 特许状持有者均为道德高尚的专业人士。”
MICHAEL MCMILLAN, PH.D. CFA
Professor, School of Professional Studies in Business and Education
Johns Hopkins University  美国华盛顿

团体与合作的力量
    虽然CFA 协会主要是为会员群体即金融分析师、基金经理和投资策略师服务，但其交往群体还包括雇主、投资者、大学和监管机构。实际上，CFA 协会的所有课程、服务和活动的最终目标都是使全球投资界整体受益。例如，CFA 课程所倡导的专业知识和诚信操守以及CFA 协会的专业发展课程不仅使会员受益，更使他们服务的雇主和投资者受益。通过CFA 金融市场诚信中心的专业准则制定倡导工作和思维领导，旨在带给资本市场体系更大的透明度和诚信，投资者将从中直接受益。通过各个地区的会员协会网络，CFA 协会的影响力已拓展全球各地，即为会员和CFA 考生提供本地联系，也作为投资界的一个接洽点和赋予了投资界一种公共资源。

“CFA 特许状被公认为是知识和专业的标志…
它帮助我和我的同事们与全球其他的CFA 特许状持有者加强联系与交流。”
SAIDA EGGERSTEDT, CFA
Corporate Bond Strategist Deka Investment GmbH
德国法兰克福

志愿服务
       CFA 协会在国际上成功，全有赖于其遍布机构上下的志愿服务精神―成千上万的会员通过CFA 协会或其会员协会，志愿献身于促进投资界的整体利益。在所有CFA 协会项目和活动中，不论是为设计CFA 课程、或为Financial Analysts Journal® 或CFA Magazine 制定编辑方向，做考卷评核，或者通过CFA 金融市场诚信中心为探讨特定行业监管问题组织专业团队，CFA 协会的会员志愿者都发挥着核心作用。正是通过众多会员无私的贡献以及他们在各自领域对CFA 协会宗旨和目标的积极倡导和推行，CFA 协会才能够成为在全球制定最高投资专业知识、诚信和卓越的专业素质范围内的领导者。

“通过参与CFA 协会及其地方协会举办的各种活动－研讨会、社交活动和CFA 考卷评核 － 我获得
了最新的专业知识，同时获得了更多机会，拓宽我的社交网络。”
KEISUKE ITO, CFA
Chief Investment Advisor
Mizuho-DL Financial Technology Co., Ltd
日本东京

[ 本帖最后由 PKU20042005 于 2008-6-8 19:22 编辑 ]

2008 Curriculum Source Textbooks
Level
Standards of Practice Handbook, 9th edition, CFA Institute

Quantitative Methods for Investment Analysis, 2nd edition, Richard A. DeFusco, Dennis W. McLeavey,
Jerald E. Pinto, and David E. Runkle, CFA Institute

Investment Analysis and Portfolio Management, 8th ed., Frank Reilly and Keith Brown, South-Western,

Economics, 7th edition, Michael Parkin, Pearson Addison-Wesley, South-Western

International Financial Statement Analysis, CFA Institute

The Analysis and Use of Financial Statements, 3rd edition, Gerald I. White, Ashwinpaul C. Sondhi, and
Dov Fried, Wiley

Corporate Finance for the CFA Program, CFA Institute

Beyond The Random Walk: A Guide to Stock Market Anomalies and Low Risk Investing, Vijay Singal,
Oxford University Press

International Investments, 5th edition, Bruno Solnik and Dennis McLeavey, Addison Wesley
Fixed Income Analysis for the Chartered Financial Analyst® Program, 2nd edition, Frank J. Fabozzi
Analysis of Derivatives for the CFA® Program, Don Chance, AIMR, 2003

Level II
Standards of Practice Handbook, 9th edition, CFA Institute
Ethics Cases, CFA Institute
Quantitative Methods for Investment Analysis, 2nd edition, Richard A. DeFusco, Dennis W. McLeavey,
Jerald E. Pinto, and David E. Runkle, AIMR
Economics, 7th edition, Michael Parkin, Pearson
International Investments, 5th edition, Bruno Solnik and Dennis McLeavey, Addison Wesley, 2004
Guide to Economic Indicators, 6th edition, The Economist
The Analysis and Use of Financial Statements, 3rd edition, Gerald I. White, Ashwinpaul C. Sondhi, and
Dov Fried, Wiley

Financial Statement Analysis: A Global Perspective, Thomas R. Robinson, Paul Munter, and Julia Grant,
Pearson-Prentice Hall
Advanced Accounting, Joe B. Hoyle, Thomas F. Schaefer and Timothy P. Doupnik, McGraw-Hill
Analysis of Financial Statements, Pamela P. Peterson and Frank J. Fabozzi, Wiley
Corporate Finance for the CFA Program”, CFA Institute
Flying on One Engine: The Bloomberg Book of Master Market Economist, edited by Thomas Keene,
Bloomberg

Valuation: Measuring and Managing the Value of Companies, 4th edition, Tim Koller, Marc Goedhart,
and David Wessels, Wiley
Investment Analysis and Portfolio Management, 8th edition, Frank K. Reilly and Keith C. Brown, South-
Western

Analysis of Equity Investments: Valuation, John D. Stowe, Thomas R. Robinson, Jerald E. Pinto, and
Dennis W. McLeavey, AIMR

The Theory & Practice of Investment Management, Frank J. Fabozzi and Harry M. Markowitz, ed., Wiley
2008 CFA Curriculum Sources
©2007 CFA Institute
2
Real Estate, 13th edition, James D. Shilling, South Western

Evaluating Hedge Fund Performance, Vinh Q. Tran, Wiley
Fixed Income Analysis for the Chartered Financial Analyst® Program, 2nd edition, Frank J. Fabozzi, CFA
Institute
Analysis of Derivatives for the CFA® Program, Don Chance, AIMR
International Investments, 5th edition, Bruno Solnik and Dennis McLeavey, Addison Wesley
Investments, 6th edition, Zvi Bodie, Alex Kane, and Alan J. Marcus, McGraw-Hill/Irwin
Managing Investment Portfolios: A Dynamic Process, 3rd edition, John L. Maginn, Donald L. Tuttle,
Dennis W. McLeavey, and Jerald E. Pinto, CFA Institute

Level III
Standards of Practice Handbook, 9th edition, CFA Institute
Asset Manager Code of Professional Conduct, CFA Institute, Centre for Financial Market Integrity
Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing, Hersh
Shefrin, Oxford University School Press
Managing Investment Portfolios: A Dynamic Process, 3rd edition, edited by John Maginn, Donald
Tuttle, Jerald Pinto, and Dennis McLeavey, CFA Institute
Investment Management for Taxable Private Investors, Jarrod Wilcox, Jeffrey E. Horvitz, and Dan
diBartolomeo, The Research Foundation of CFA Institute
Integrated Wealth Management: The New Direction for Portfolio Managers, Jean L.P. Brunel,
Euromoney Institutional Investors Plc
Investment Analysis and Portfolio Management, 8th edition, Frank K. Reilly and Keith C. Brown, South-
Western
Fixed Income Readings for the Chartered Financial Analyst® Program, 2nd edition, Frank J. Fabozzi,
editor, CFA Institute
Benchmarks and Investment Management, Laurence B. Siegel, The Research Foundation of AIMR
The Theory of Corporate Finance, Jean Tirole, Princeton University Press
Derivatives Markets, 2nd edition, Robert L. McDonald, Addison Wesley
Analysis of Derivatives for the CFA® Program, Don M. Chance, AIMR
International Investments, 5th edition, Bruno Solnik and Dennis McLeavey, Addison Wesley
从2008 年开始，CFA 报名费中将包括CFA 考试中的所有参考书籍
How much will this cost?
The registration fee for the first deadline (26 September 2007) will be $600. This fee includes exam registration, the curriculum, and one online sample exam. New candidates will save $120 compared with the 2007 cost of registration and the curriculum, and will receive a free sample exam, an additional $50 value. (For new candidates who would not have purchased the curriculum, this represents an increase of $230 over the 2007 registration fee alone.) Failed candidates who return to take the June 2008 exam will receive a $50 discount.

Beginning with the June 2008 exam, candidates who fail an exam will receive a discount on the fees for their next exam the following year, and those that re-register for an exam within the same calendar year (Level I exams are held in June and December) will not pay twice for the curriculum. The enrollment fee for first-time Level I candidates will remain separate.

We view this as a mission-driven initiative to provide a service to CFA Program candidates and to the profession as a whole. To that end, we have priced the curriculum below cost to better serve our mission of educating CFA candidates. This reduced curriculum pricing within the overall bundle reflects the benefits of spreading our costs over a much larger candidate base as well as an organizational decision to absorb a portion of those costs internally.

Why is CFA Institute making the decision at all?
In 2004, the CFA Preparation Task Force convened to address declining candidate performance. In May 2005, the Task Force unanimously recommended that the CFA Program curriculum be bundled with the exam registration fees.

Providing the curriculum to all registered candidates serves our educational mission and ensures that all candidates will have equal access to this foundational material. There is no substitute for studying the curriculum.

Why is CFA Institute making the decision now?
In response to candidate feedback, we have substantially enhanced the format of the CFA Program curriculum in recent years. The most significant change is that the assigned readings — originally only available as sections of larger source books — have been assembled into multiple self-contained volumes. This new flexibility enables individual readings to be revised and updated as needed. This ability to keep the curriculum more relevant, the economies of scale inherent in a more efficient set of books, and the continued belief that studying the prescribed readings is foundational to the educational mission of the CFA Program all made this the right time to deliver the curriculum to all candidates.

Is this just a way for CFA Institute to make more money?
We are very sensitive to this perception and took great care to price this as fairly as possible. We view this as a mission-driven initiative to provide a service to CFA Program candidates and to the profession as a whole. To that end, we have priced the curriculum below cost to better serve our mission of educating CFA candidates. This reduced curriculum pricing within the overall bundle reflects the benefits of spreading our costs over a much larger candidate base as well as an organizational decision to absorb a portion of those costs internally.

Why not just give away the curriculum to candidates for free?
The CFA Program curriculum includes copyrighted material, and the pricing structure takes into account the costs of purchasing the rights to repackage that third-party material into the curriculum. There are also significant production and distribution costs.

What happens to candidates who fail Level I in June and re-take it in December of the same year? Will they get charged for the curriculum both times?
Candidates who fail the June Level I exam and register to re-take the exam in December of that same year will not be charged twice for the curriculum. Their registration fees for the December exam will be reduced to reflect the fact that they already own the curriculum for that year.

What happens to candidates who re-take the same exam but in consecutive years? Will they get charged for the curriculum both times?
The registration fees for candidates who re-take the same exam in consecutive years will be reduced. However, given the year to year changes, customization, and improvement in the curriculum, each candidate will receive a new set of curriculum.

How should candidates use the curriculum in conjunction with preparatory courses?
There is no substitute for careful study of the prescribed CFA Program curriculum. However, some candidates may find it useful to supplement their study with prep courses and/or review notes.

Won't this result in lower-income candidates being "priced out of the CFA Program"?
For those candidates that previously purchased the curriculum, this new pricing structure will result in a significant decrease in out-of-pocket expense.

[ 本帖最后由 PKU20042005 于 2008-6-8 16:24 编辑 ]

有钱人考的东西。。。。。。一级6000，二级和三级MS是3500.。。。。。。。。。。

。。。。。。。。。。。。。。。。。。。。占楼用吧 还可以发信息

[ 本帖最后由 PKU20042005 于 2008-6-8 16:24 编辑 ]

引用:

原帖由 PKU20042005 于 2008-4-4 21:58 发表

虽然花点钱啊 但是考过了 一年挣的不知道是这个的多少倍呢。。。
还可以去投行 实现自己的梦想吧

投行还是比较重视经验的，我光有那个证，没工作过也没用。。。

不过CFA第三级MS也要求工作多少年之后考的。。。原来查过，不过忘了。。。

。。。。。。。。。。。。。。。。。占楼发帖用吧 嘿嘿

[ 本帖最后由 PKU20042005 于 2008-6-8 16:25 编辑 ]

去投行途径很多，
考过CFA后还要有一段认证时间，
需要实务经验的，，

占楼发帖用吧 嘿嘿。。。。。。。。。。。

[ 本帖最后由 PKU20042005 于 2008-6-8 16:25 编辑 ]

引用:

原帖由 PKU20042005 于 2008-4-4 22:03 发表

哦 可以先考过呢 再说啦 我也不太清楚啊

前几天去看了一下啊  
对英语要求高的啊  。。

都是专业英语。。。。。。。。第一级和第二级都是选择题，其中第一级都是些金融的基础概念，暴好过~~~~ 我没考过啊~~~看过第一级的辅导书的~

。。。。。。。。。。。。。。。。占楼发帖用

[ 本帖最后由 PKU20042005 于 2008-6-8 16:26 编辑 ]

引用:

原帖由 PKU20042005 于 2008-4-4 22:06 发表

哦 你也是金融学院的？

管理学院的，呵呵~~~考金融的研究生~~~~

参加金融联考，学校看自己的复习情况在订吧~~~

嘿嘿。。。。。。。。。占楼

[ 本帖最后由 PKU20042005 于 2008-6-8 16:26 编辑 ]

引用:

原帖由 PKU20042005 于 2008-4-4 22:11 发表

我也考金融吧  呵呵 我学保险 大二，，，保险在我们学校还是蛮差的

金融也就那么回事

总之要走出去啊  南审 也不过如此，，，，呵呵  不想多说这个学校 和这里的人

南审环境还好啦，就是学习风气有那么一点点差~~~~~

你和我考研考证的目的一样嘛，都是为了洗文凭~~~

引用:

原帖由 PKU20042005 于 2008-4-4 22:14 发表

是的啊 没有办法  我高考复读两年的 还是落到了这里 其实我06年可以去复旦金融的 却来了这里读保险啊

。。。。。。哎。。。

我外省的 文科

复旦金融全国前几啊~~~~我滴梦想啊~~哈哈~~~~~~~~

你想去投行工作啊？那要累死咯。。。几百万不是那么好挣滴