CFA® Information Session
Ri h d F d CFARichard Fernand CFA
Chartered Financial Analyst®
What is the CFA® Program?
Why join the CFA Program?
The structure of the CFA Program
Your CFA journey with 7city
Find out more tonight
Next steps
“I would have no hesitation in recommending 7city to anyone in the financial sector. They have the ability to help provide clarity and reduce any stress that arises with these qualifications”.PG, International Investment Bank
What is the CFA® Program?
3 levels• Level I – two sittings per year: June and December
• Levels II and III – one sitting per year: June
Total exam 6 hours – 3 hours morning and afternoon
4 years of qualifying work experience required to become Charterholder
www 7city com/cfawww.7city.com/cfa
Relevant Work Experience and Sample Jobs
The CFA Website can provide all the information you will need to know about ‘relevant work experience’ http://www.cfainstitute.org/cfaprog/getstarted/requirements/workexperience.html
Sample Job Titles Client service representative or relationship managerCompliance analyst/officerInvestment consultantC t hi f fi i l ffiCorporate chief financial officerCorporate finance analystInvestment banking analystDerivatives analystEconomistInstitutional sales professional/business development (buy and sell side)Investment strategistPortfolio managerPrivate client investment advisorProfessor/Instructor
Why join the CFA® Program?
Globally recognised qualification
Gives broad understanding of financial markets
Rigorous testing procedure assures exclusivity and prestige
Ethical commitment attractive to employers
Increasingly obligatory for entry level positions
“The Tutor explained everything really clearly and was enthusiastic so kept
everyone motivated and involved.”CFA Level 1 Delegate, ABN Amro
CFA® Program Structure – Level I
Level I focuses on the knowledge acquisition of tools and concepts applying to investment valuation and management
Assumes a good understanding
of basic accounting and
financial mathematics
Global pass rate in June 2009 was 46%
Global pass rate in December 2009 was 34%
Exam structure: 6 hours, 100% multiple choice
CFA® Program Structure – Level II
Level II focuses about 50% on the knowledge acquisition of tools and concepts and about 50% on application of those concepts.
Global pass rate in June 2009 was 41%
Exam structure: 6 hours, 100% item set
CFA® Program Structure – Level III
Level III focuses on the application of those principles to portfolio management.
Global pass rate in June 2009 was 49%
Exam structure:
6 hours, 50% “essay”
and 50% item set
Frequently Asked Questions
How many hours of study are required to pass?
Should I take a Classroom course or Virtual Classroom?
Which books do 7city recommend: CFA Curriculum, Stalla or Schweser?
Should I take a Foundation course or not?
What are 7city pass rates?
Wh h 7 it ?Why choose 7city?
Why choose 7city
Unrivalled Tutor access through helpdesk technology
Highly experienced full time faculty, more CFA training experience than any other UK faculty
Exam experience - in the past 5 years we have trained over 10,000 delegates for CFA exams
Independence – we give you our interpretation of curriculum materials, not the view of a publishing company
Materials choice – Stalla, Schweser or Curriculum, choose and pay for what you want
Fully inclusive tuition packages
Classroom tuition - choose from:• Day-release • Friday course• Evening classes• Weekend program• Intensive courses
• 2 day weekday revision course • Progress test• Mock exam+
Your 7city CFA® Study Journey
Tuition Exam preparation
+
Online
Study planner
Question Bank
Tutor helpdesk
• Intensive courses• Distance Learning• Optional Foundation
LI – 10 days (20 evenings)LII – 9 days (18 evenings)LIII – 8 days (16 evenings)
• 6 evening/online workshops+ +
Full Classroom Recordings
Progress reports
Mobile learning
Scholarships
Scholarship applications are invitedClassroom course fees paid in full
If you wish to apply for a 7city scholarship you must:
•Be registered for the CFA exam•Submit the scholarship application form•Provide proof of residence in the country where you are applying•Provide proof of residence in the country where you are applying for the scholarship •Complete a statement of purpose explaining your reasons for applying for the scholarship.
Visit www.7city.com/cfa for further information and to apply
Next Steps
Talk to the 7city tutor team Sign up to the 7city CFA PassPortal to access free CFA resources –visit www.7city.com/cfaFor booking information, talk to one of the 7city sales teamSpeak with someone from your organisation who has studied with 7city Join our CFA group on facebookApply for a CFA scholarshipVisit the website / brochure for a comprehensive overviewCall us on +44 (0) 20 7496 8600 – our client services team will:• Help you choose the course option that is right for you• Process your booking and confirmation quickly and efficiently• Ensure you receive your online log-in and materials promptly
APPENDIX 1 – ABOUT US
CFA® Study Partners
The Qualification Roadmap
Please contact us to find out more about our other qualification programmes:
APPENDIX 2 – YOUR JOURNEY
Your 7city CFA® Journey – Tests & Exams
10 online Hurdle Tests – reflect where candidates should be at any time during their study
2-hour Progress Test – sat in exam conditions part way through the program
Full 6-hour invigilated Saturday mock exam – towards end of program
If candidates do not pass or are struggling, they will be contacted by a tutor for additional advice and help.
At every stage candidates will know whether they are on track to pass or fail.
Your 7city CFA® Journey – Delegate Portal
Interactive study plan• Real-time planning tool to help
delegates stay on top of schedule
Class notes • Available by LOS• Complete with tutor annotations
Trackable quizzes and mock exams With i di t f db k d f ll
“I was really pleased with the On-Site course - it complemented the Online material and gave me a chance to ask questions to gain a better understanding of the syllabus”DE, CFA Level 1 Delegate
• With immediate feedback and full justifications
• Instant feedback via graphs and charts• Linked to diagnostic tool to help track
progress
Workshops • In classroom, via web cast or
recordings
Your 7city CFA® Journey – Delegate Portal
News• Announcing critical milestones and
eventsQuestions
• Answer via portal, email-a-day or mobile
Recordings & Live Streaming• Video: WebEx and MP4; Audio: MP3• Available by LOS with integrated slide
show and questions
“The Tutors were excellent and they had excellent knowledge of the material with an informative
delivery.”GL, CFA Level 3 Delegate, Insight Investment
show and questions• Live Streaming for all classes
Support • Online FAQs and help desk• Dynamic real-time tutor advice
Study session home page• Has everything delegate needs for
study session
Your 7city CFA® Journey – Scheduled Tests & Events
Candidates can see all tests and events associated with each Phase on their interactive study plan. We strongly recommend these are undertaken to maximise the chances of success in the CFA exam.
These include:
As candidates complete these tasks, they will disappear from their outstanding schedule.
If they miss any of the deadlines for the tasks, they will be sent a reminder email.
• Taking Hurdle Tests • Booking Workshops • Booking Mocks and Progress tests
Your 7city CFA® Journey – Email-a-day
Bite-sized practice questions sent daily to every candidate’s email
Self-healing ability diagnoses and tests any areas of weakness
Short, effective bursts of knowledge
You are supported by a continual revision element
Feedback and settings on delegate portal
“Email-a-day’ was a stroke of genius – the perfect start to the day to really get the brain working and
thinking about possible areas of weakness/ strengths.”
A N, Merrill Lynch Investment Managers,
Your 7city CFA® Journey – Additional SupportHelpdesk & CFA HotlineAn immediate response to your questions
Evening Workshops (recordings available on CFA delegate portal)Review key topic areas and provide question practice plus exam tips
Keep-on-TrackMonthly newsletter with additional study guidance and support.
Study groupsGet together with your peers and build your support network
The Final CountdownVital summary of “must know” equations and key concepts
Post Mock DebriefOnline post mock debrief
The QuestionsA book of extra questions to hone your exam technique
US material Broken down into CFA Institute study sessionsIntegrated with overall 7city programmeTest-orientatedLOS listed at start of each paragraph
Your 7city CFA® Journey – Study Notes
Your choice of study materials: Stalla or Schweser
LOS listed at start of each paragraphFormula sheet summaryEnd of chapter homework sheetsProblem set
If you already have your own material preference, you can bring your own – we have a pricing structure to reflect this.
APPENDIX 3 -DEMOGRAPHICS
Why take the CFA® Program?
Candidate Profile by Occupation
“I personally feel that 7city is a great learning centre for aspiring Investment professionals”.NM, Leading Investment Bank
Why take the CFA® Program?
Candidate Profile by Region