CFA essentially stands for a professional standard which is expected to be obtained by investment management professional wishing to enhance their skills in the field of investment management. But since last decade it has become a synonym with a license to get a job in investment management industry.
India a factory where workers for job are manufactured CFA became a attractive designation for the students pursuing MBA from colleges or the engineers in IT firms seating on bench with lot of spare time at hand. The Indian story starts with faculty suggesting students to achieve at least level 1 or 2 during MBA which enhances the chances of getting a good job in finance industry. But in doing all these things they forgot the most important aim of the CFA to provide enhancement to current experienced professionals working in the Investment management Industry.
Ironically India is fast becoming ahuge market for CFA in coming decade but very less number of the test taker are getting converted in to a full fledged charter holders. Very few are there in a big city like Pune. Many of the students who passed the level 3 exams years back are not able to get the necessary charter is because they lack experience or relevant experience.
So why these candidates lack the experience? is t because there is no demand for CFA designation in India or the quality of the designation is not considered u to the mark. The answer for the question is hidden in two facts, one people tend to be ignorant about world not known to them and second every society has inertia and tries to oppose any change taking place.
So when we say People are ignorant about CFA, we want to say they do not try what does it mean to be a CFA charter holder, they consider it same as any other financial course. So when can this be changed? It can definitely change by educating and advertising the actual rigorous nature of the exams and the basic emphasis of the CFA on ethical investment management practices. As more and more people become aware of the actual meaning of CFA they will stop Advertising " WANT CA/MCA/MBA/CFAs." This is actual a insult for a CFA charter holder where he has been compared with also run designation holders. They do not understand CFA essentially is a global designation.
For the second problem of inertial of the people, it will change with more and more charter holders demonstrating ethically superior and complicated-ness to the highest standards in the industry. Alumni is something which creates a reputation for any course over the time. So this is the responsibility of current CFA charter holders to pave a way for the future CFA charter holders to climb the net level in the success ladders.
So I invite all the current charter holder to create a vibrant platform for future CFA holders so the designation can gain the place it deserves.
India a factory where workers for job are manufactured CFA became a attractive designation for the students pursuing MBA from colleges or the engineers in IT firms seating on bench with lot of spare time at hand. The Indian story starts with faculty suggesting students to achieve at least level 1 or 2 during MBA which enhances the chances of getting a good job in finance industry. But in doing all these things they forgot the most important aim of the CFA to provide enhancement to current experienced professionals working in the Investment management Industry.
Ironically India is fast becoming ahuge market for CFA in coming decade but very less number of the test taker are getting converted in to a full fledged charter holders. Very few are there in a big city like Pune. Many of the students who passed the level 3 exams years back are not able to get the necessary charter is because they lack experience or relevant experience.
So why these candidates lack the experience? is t because there is no demand for CFA designation in India or the quality of the designation is not considered u to the mark. The answer for the question is hidden in two facts, one people tend to be ignorant about world not known to them and second every society has inertia and tries to oppose any change taking place.
So when we say People are ignorant about CFA, we want to say they do not try what does it mean to be a CFA charter holder, they consider it same as any other financial course. So when can this be changed? It can definitely change by educating and advertising the actual rigorous nature of the exams and the basic emphasis of the CFA on ethical investment management practices. As more and more people become aware of the actual meaning of CFA they will stop Advertising " WANT CA/MCA/MBA/CFAs." This is actual a insult for a CFA charter holder where he has been compared with also run designation holders. They do not understand CFA essentially is a global designation.
For the second problem of inertial of the people, it will change with more and more charter holders demonstrating ethically superior and complicated-ness to the highest standards in the industry. Alumni is something which creates a reputation for any course over the time. So this is the responsibility of current CFA charter holders to pave a way for the future CFA charter holders to climb the net level in the success ladders.
So I invite all the current charter holder to create a vibrant platform for future CFA holders so the designation can gain the place it deserves.
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