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Is this valid work experience for the charter?

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  • This topic has 5 replies, 4 voices, and was last updated May-18 by policedog.
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    • RoyD
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      Forum Level 1 Summer Associate
      01 May 2018 at 7:07 pm
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      So I have an interview with an international bank for the position of Credit Analyst and was wondering if the work qualifies as relevant work experience with regards to the requisite for the CFA charter.

      Basically the job involves analyzing the financial statements of companies that have applied for loans to the bank and producing reports based on that. I won’t be taking decisions myself but will be reporting to Senior Analysts who take the direct decisions.

      Anyways I would just like to know if this qualifies as relevant work experience for the charter.

    • hairyfairy
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      Forum Level 5 Portfolio Manager
      01 May 2018 at 7:18 pm
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      @RoyD 

      From what I understand, yes. The important point is that your work is contributing towards investment / financing decisions, in which case this sounds like it does!

    • RoyD
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      Forum Level 1 Summer Associate
      02 May 2018 at 7:37 am
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      @hairyfairy well yeah the work I do should lead to decisions on whether or not to sanction loans so I think it’s good. Thanks.

    • PaulAdaptPrep
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      Forum Level 1 Summer Associate
      02 May 2018 at 7:43 am
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      The key also is that you have references who can attest to it being relevant work experience

    • RoyD
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      Forum Level 1 Summer Associate
      22 May 2018 at 4:57 pm
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      Hey @paulpassedtense one of my friends was saying that I need 3 references and 2 of them have to be from Charterholders. Is this true because I don’t have any charterholders as of now in my workplace. Most of them associated with the CFAI are candidates like me.

    • policedog
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      Forum Level 1 Summer Associate
      23 May 2018 at 4:04 am
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      It’s 3 references of any people, but only 2 if one of them is a charterholder and local society member. I think one of them should be your direct supervisor, but this is not required.

      Source:
      http://www.300hours.com/blog/heres-everything-you-need-to-do-to-be-a-cfa-charterholder (see ‘Sponsors’ section)
      http://www.cfainstitute.org/community/membership/process/Pages/professional_references.aspx

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