Characteristics that a Chartered Financial Analyst® must possess

The CFA (Chartered Financial Analyst) is a worldwide recognized distinction and benchmark for measuring the expertise, experience, and ethics of investors. In order to be an effective CFA charterholder, one must possess certain skills that will help them stand out from the crowd. The distinctive skills that will help you cater to the volatile market are:

 

1. Analytical & Creative Decision-Making

Having solid financial skills is the basic requirement for a CFA charterholder but what sets the experts apart is their ability to provide unique solutions for uncommon scenarios. Being able to find a creative solution to a challenging problem by combining relevant information together and identifying important elements that aren’t obvious to frame a thoughtful decision, are factors that help CFA charterholders stand out. While it is good to instill non-linear thinking in a highly analytical culture, ensure that the business environment and organizational SWOT aren’t neglected.

Creative decision making can produce better results if there are limited or no ready-made alternatives. Some approaches that can be used to be creative are finding alternatives that meet each sub-objective and identifying alternatives through the use of opposites: how could you make things worse or how could you facilitate a positive change?

2. The Value of a Global Perspective

The need to foresee the future of a given organization’s stocks highlights that the CFA charterholder must be aware of how nations, economies, enterprises, and individuals respond to situations. In order to do so, they must constantly keep track of current and historical events that could affect the business directly and indirectly.

One’s market knowledge can be expanded by reading books about investment, global geopolitics, mergers and acquisitions and even by taking up additional courses such as the CFA financial modeling course. Breaking down how specific markets or governments respond to situations will ensure that crucial aspects aren’t neglected and will help build up an understanding of how certain events trigger other events, and how these triggers vary from nation to nation and industry to industry.

Building up a solid worldwide point of view through the investigation and comprehension of events enables the charterholder to precisely anticipate outcomes in light of proof, one of the reasons why charterholders are highly sought after.

3. Responsibility and Accountability are important

CFA® charterholders form decisions based on thorough research, patterns, and other market factors which makes them extremely valuable and accountable to the firm. It’s important to understand that even best experts aren’t right 100% of the time, therefore one must be willing to own and learn from their mistakes. They are remunerated well for their work, due to how their decisions can have a huge impact on the success or failure of an investment.

Furthermore, achieving the CFA charter means that they are accountable in terms of ethics and integrity to CFA Institute and all the stakeholders that are affected by their decisions. This very reason is why the CFA® course has a topic specifically dedicated to ethics. CFA charterholders are hired to provide a clear and thorough analysis due their experience and expertise. Therefore, Charterholders must be able to identify and overcome their biases.

Which is more apt for your career path – CFA® charter or CFP®?

5 advantages of Online Learning

Preparing for a professional qualification can be costly, time-consuming and challenging. This is challenging and time-consuming – which is why many providers have started offering accounting and finance professionals the opportunity to study in more time and cost-efficient ways.

By enrolling in flexible online courses, students can work while they study, learn on-the-job skills, and acquire their professional qualifications with ease and at a lower cost without giving up their commitments. This is the very reason why millions of students from all around the world opt for online degree programs or take at least one course through an online platform.

Advantages Of Online Learning:

1. Ease of Comfort
Lectures and study materials are provided via online platforms, this helps candidates easily access them from the comfort of their homes. Furthermore, candidates need not take public transport to get to campus or get up early to get dressed for class – two factors that play a huge role if you are managing multiple commitments.

Although, comfort is a strong advantage and can go both ways. You must not allow yourself to get too comfortable when studying from home, so it would be best to abandon the couch for a few hours a day and set up an inspirational studying environment in your home. All you need is a large desk and a nice, comfortable chair.

2. Personalized Learning
Unlike in a classroom filled with distractions, candidates have only two points of focus the lecturer and the smartboard, hence the ability to grasp information is much better.

At traditional colleges and universities, talking to a professor after class can be challenging due to their strict office hours. In an online program, you’ll also participate in discussion boards with your classmates, communicate with professors via email or calls, and collaborate through various methods.

Also, many students in classroom environments aren’t comfortable speaking in public. In an online environment, it can be much easier to share thoughts with others. Therefore, the response time to doubt solving is much higher than traditional methods.

3. Enhances your resume
It doesn’t matter where your career stands at this moment; an online program will always look good on your resume. It will show potential employers that you’re committed to learning and you’re eager to obtain more knowledge and new skills. Hiring managers don’t see online degrees as inferior to traditional ones. In fact, if you obtain an online degree from a prestigious university, you’ll boost your career with the speed of light.

Furthermore, with an online degree experience, your future employer will also know that you’re comfortable learning new technologies, building a rapport virtually, tackling tasks proactively and independently, and knowing your way around a computer and virtual workspace.

4. Self-paced learning
When you start browsing through interesting online courses and programs, you’ll notice the Self-Paced feature on most of them. What does this mean? Self-paced learning means that students can start studying the course curriculum at any time and can arrange a learning schedule that meets their individual needs. When enrolling in a traditional college program, candidates will have to neglect their work, hobbies, and even family. In such a setting, working professionals find it difficult to juggle their commitments.

A self-paced system does not require attending live sessions; you can access the materials at any time that works for you. If you must work or take care of your commitments during the day, you can study at night. That’s an advantage the traditional educational system cannot beat.

5. Lower costs
The fact that online programs are cheaper and offer the same high-quality benefits as a traditional campus is thought-provoking. For example, you want to enroll in the ACCA OnDemand Program by Kaplan, you will pay 1015 Dhs – a price that is less than a quarter of the cost of studying at a traditional classroom. Therefore, an expensive degree might not always mean high-quality learning.

5 advantages of Ondemand

Preparing for a professional qualification can be costly, time-consuming and challenging. This is challenging and time-consuming – which is why many providers have started offering accounting and finance professionals the opportunity to study in more time and cost-efficient ways.

By enrolling in flexible online courses, students can work while they study, learn on-the-job skills, and acquire their professional qualifications with ease and at a lower cost without giving up their commitments. This is the very reason why millions of students from all around the world opt for online degree programs or take at least one course through an online or ondemand platform.

Advantages Of Online Learning:

1. Ease of Comfort
Lectures and study materials are provided via online platforms, this helps candidates easily access them from the comfort of their homes. Furthermore, candidates need not take public transport to get to campus or get up early to get dressed for class – two factors that play a huge role if you are managing multiple commitments.

Although, comfort is a strong advantage and can go both ways. You must not allow yourself to get too comfortable when studying from home, so it would be best to abandon the couch for a few hours a day and set up an inspirational studying environment in your home. All you need is a large desk and a nice, comfortable chair.

2. Personalized Learning
Unlike in a classroom filled with distractions, candidates have only two points of focus the lecturer and the smartboard, hence the ability to grasp information is much better.

At traditional colleges and universities, talking to a professor after class can be challenging due to their strict office hours. In an online program, you’ll also participate in discussion boards with your classmates, communicate with professors via email or calls, and collaborate through various methods.

Also, many students in classroom environments aren’t comfortable speaking in public. In an online environment, it can be much easier to share thoughts with others. Therefore, the response time to doubt solving is much higher than traditional methods.

3. Enhances your resume
It doesn’t matter where your career stands at this moment; an online program will always look good on your resume. It will show potential employers that you’re committed to learning and you’re eager to obtain more knowledge and new skills. Hiring managers don’t see online degrees as inferior to traditional ones. In fact, if you obtain an online degree from a prestigious university, you’ll boost your career with the speed of light.

Furthermore, with an online degree experience, your future employer will also know that you’re comfortable learning new technologies, building a rapport virtually, tackling tasks proactively and independently, and knowing your way around a computer and virtual workspace.

4. Self-paced learning
When you start browsing through interesting online courses and programs, you’ll notice the Self-Paced feature on most of them. What does this mean? Self-paced learning means that students can start studying the course curriculum at any time and can arrange a learning schedule that meets their individual needs. When enrolling in a traditional college program, candidates will have to neglect their work, hobbies, and even family. In such a setting, working professionals find it difficult to juggle their commitments.

A self-paced system does not require attending live sessions; you can access the materials at any time that works for you. If you must work or take care of your commitments during the day, you can study at night. That’s an advantage the traditional educational system cannot beat.

5. Lower costs
The fact that online programs are cheaper and offer the same high-quality benefits as a traditional campus is thought-provoking. For example, you want to enroll in the ACCA OnDemand Program by Kaplan, you will pay 1015 Dhs – a price that is less than a quarter of the cost of studying at a traditional classroom. Therefore, an expensive degree might not always mean high-quality learning.

How to choose the right training method for your certifications?

Achieving a qualification is a defining moment for many finance professionals. It shows employers the level of real-world expertise and knowledge candidates possess in the field. Being an intensive and highly coveted program, candidates are expected to invest at least 3-5 months per part for their exam preparation.

While some candidates prefer classroom training over online sessions, there isn’t a method that best fits everyone’s needs and guarantees success. Therefore, each candidate must assess the advantages and differences of the training methods offered by an institute and choose the option that best meets their learning needs and lifestyle.

Here are some of the widely available learning options for your certifications:

Classroom Sessions:

One of the biggest highlights of a face-to-face session would be the human touch that it offers, an element that is often lost in technology-based training. During the live sessions, candidates receive the opportunity to interact and solve queries with their fellow peers as well as trainers during the lecture. Trainers can adapt their training style based on the interaction with the audience and can provide immediate support for candidates that need some extra help.

Classroom sessions also offer in-class practice tests and mock exams that replicate the ambiance of an exam hall. This serves an important purpose as these exams are strictly monitored and mock exams help candidates abide by the guidelines set by the governing body.

Following a fixed lecture schedule works great for candidates that are juggling multiple priorities as it helps ensure that candidates complete the curriculum trained then and there, without any further delay. During these courses, candidates also receive the opportunity to interact with fellow candidates from different tiers in the corporate ladder and industries. This serves as an opportunity to network and gain insight from candidates across the corporate ladder.

 

Online Programs:

These programs can be further divided into two types – Live Online and OnDemand. OnDemand programmes offer candidates the flexibility to study at their own pace and comfort while Live Online provides the opportunity to attend scheduled live sessions online every week.

During online sessions, trainers will explain concepts and solve queries through a whiteboard panel or pre-recorded slides. It includes a participant panel that allows candidates to raise questions and interact with the trainer via audio or text. The testing method for these sessions is generally online mock exams and full-length practice exams that are known to mimic real-world testing conditions. This format of training includes recorded sessions that work best for candidates that like to refer to the trainer’s explanation while preparing.

 

Private Training:

For candidates that prefer individual attention without the distraction of their fellow peers or need additional support but are not able to attend scheduled classes, private training works best. These sessions offer a customized training approach as the trainer follows the pace of the candidate and curates content that best helps the candidate understand the curriculum. Since these sessions are curated for individuals rather than a group, candidates can opt to be trained for only certain topics or the entire curriculum.

 

Self-Study:

Some candidates prefer creating their study plan and timetable without being bound to fixed timings and deadlines. These candidates prefer studying on their own, at their own convenience pace Being their own tutor, candidates can train themselves in a manner that they know serves them best, either through sticky notes, diagrams, or even through riddles.

While this may seem difficult to some due the extent of liberty offered when studying on your own, this does bring a sense of responsibility and enhances self-esteem especially when you can understand concepts that you expected would be tough to understand.

 

Need some help identifying which method would be best for you? Call us at 800346