There are several benefits of becoming a CFA charterholder. The CFA designation is the highest distinction that you can achieve in your career as an investment management/finance professional. Among many other benefits, the CFA charter is considered the gold standard in the finance and investment industries. Once you obtain the CFA credential, it sets you up for global recognition and successful career advancement. Here are some of the benefits of the CFA charter.
Salary and Compensation
Some of the benefits of the CFA credential are greater overall salary and compensation and an advantage in the job market. Attaining the credential showcases your drive and commitment to achieve a difficult specialization. It also helps you stand out to future employers. According to the Corporate Finance Institute, “Charterholders can have salaries that are quite high, relative to other professionals in the finance industry.” And, the good news is that salaries are not only higher for CFAs than those in similar professions, but CFA charterholders report also being highly satisfied with their overall careers.
Further benefits of the CFA credential include providing career advancement opportunities, higher salaries, and other advantages to investment management professionals. The CFA charter also holds great additional value. According to the CFA Institute, some of the values of the charter include:
- Powerful global network of top industry professionals
- Strong foundation and commitment to ethics and professionalism
- Real-world skills for making complex investment decisions
- Recognized and welcomed by markets and employers globally
- Unmatched expertise in both practical investment analysis and management skills
- Access to career-advancing tools and education
Increased Knowledge and Expertise
Securing the CFA charter is not easy and requires a tremendous amount of time and effort, but the benefits of receiving the designation outweigh any challenges you’ll meet while completing the program. Faster career growth, higher salary, and instant respect and credibility are just a few of the benefits a CFA charterholder will receive with the designation.
Plus, CFA charterholders amass a deeper and broader knowledge of the financial and investment professions while working through the program. This knowledge not only transfers to a strong value-add to top employers wanting to employ CFA charterholders but also gives CFA charterholders a distinct advantage over their non-CFA charterholder peers.
Perhaps the ultimate benefit of the CFA charter is the feeling of satisfaction you get from joining a very exclusive and prestigious club in the finance industry. Attaining the CFA charter credential showcases your drive and commitment to achieve a difficult specialization. It also earns you the respect of future employers and your peers.
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