(April 3 – 11:30 ET) – Enrollment in the Chartered Financial Analyst exam is booming in Canada. Just over 9,300 Canadians have registered for the Association for Investment Management and Research’s CFA exam set for June 3 and 4.
The test will be given simultaneously in 67 countries and territories. Enrollment in Canada is up 19% from last year, where only about 5,000 individuals hold the designation.
Overall enrollment is up 26%, with 73,000 people expecting to write the exam worldwide. About 31,000 people hold the designation in total. AIMR president and CEO Thomas Bowman says numerous factors are boosting enrollment dramatically, including the globalization and interdependence of capital markets, increased competition, a need for specific professional training in investment decision-making, and the roaring bull market.
“In the Canadian market the CFA is well-recognized and highly regarded by employers, colleagues and clients,” says Harry Marmer, vice president of the Toronto Society of Financial Analysts. “The CFA designation demonstrates that an individual has achieved a high level of understanding of the investment process and discipline. It is a real advantage.”
The three six-hour exams cover investment ethics, securities analysis – both equity and fixed-income, financial accounting, quantitative analysis, economics and portfolio management.
-IE Staff