Significant Enhancements to the CFA Program #FinanceProgramCFA

CFA Institute mengumumkan peningkatan signifikan dalam Program CFA untuk memenuhi kebutuhan kandidat maupun employer (pemberi kerja). Perubahan ini dianggap sebagai langkah penting sejak program ini dimulai pada tahun 1963. Tujuannya adalah untuk menyesuaikan dengan cara kandidat saat ini belajar serta mempersiapkan mereka untuk karir di industri investasi. Ada enam perubahan utama:

1. Self-contained, digital practical skills modules will be introduced to the CFA Program to teach candidates on-the-job, practical applications. The initial practical skills modules include Financial Modelling for Level I; Analyst Skills at Level II; Python Programming Fundamentals (Level I or Level II) and Python, Data Science and Artificial Intelligence (Level II). Additional practical skills modules are in development for Level III for the calendar 2025 exam series. Beginning in 2024, at least one practical skills module must be completed for each of Levels I and II but will not be graded as part of the exam.
2. Specialized pathways will be introduced at Level III beginning in 2025. A common core of study will exist for all three pathways at Level III, and candidates will be able to choose one of three job-role focused pathways: Portfolio Management (the traditional version of Level III); Private Wealth; Private Markets. All three pathways will be equally rigorous and in pursuit of one credential: the CFA charter.
3. An improved digital badging strategy will reinforce the value of Level I and Level II achievements to candidates on their CFA Program journey. Candidate feedback suggests that a formal acknowledgement of completing Levels I and II would be beneficial in their search for internships and full-time positions as an indicator of the seriousness of their commitment to a career in the investment profession.
4. The volume of study materials will be reduced at each Level to ensure candidate preparation remains at around 300 hours for each exam. In our research, we found that today’s candidates are spending significantly more than 300 hours to study for each Level of the CFA Program. Best practices in instructional design are therefore being incorporated to ensure that the content is efficient, accessible, and relevant while maintaining the rigor and value-add of the CFA Program. Some introductory content that most candidates would have learned during undergraduate studies will remain available to registered candidates in the preparatory materials but will not be tested on the exams.
5. Additional practice materials: when registration opens for the February 2024 exams this May, Level I candidates will have the opportunity to purchase the CFA Program Practice Pack, a new product that includes 1000 new practice questions and six additional Level I mock exams. Candidates are currently granted access to two mock exams at no additional charge eight weeks before their exam window. Based on candidate surveys, it was determined that significant demand exists for more mock exams and practice questions from CFA Institute.
6. Level I CFA Exam eligibility has been extended by a year to those who are two years away from completing their undergraduate degree. This change was previously announced on 16 November, 2022.

Menyimpulkan hal diatas, penyesuaian ini termasuk pengenalan modul keterampilan praktik digital seperti Financial Modelling dan Python; tiga jalur spesialisasi di Level III, termasuk Portfolio Management, Private Wealth, dan Private Markets; peningkatan digital badging; pengurangan volume materi studi; peluncuran CFA Program Practice Pack dengan pertanyaan praktik tambahan; dan perluasan kelayakan ujian Level I. Perubahan ini didasarkan pada penelitian mendalam untuk memastikan relevansi dengan kebutuhan industri investasi saat ini.

Sumber: https://www.cfainstitute.org/en/about/press-releases/2023/enhancements-cfa-program-2023