We’ve gone through the direct advantages of pursuing the CFA charter. But are you aware that the CFA charter could be getting you fast-tracked through things like:
- A finance regulation exam?
- University courses?
- Other certifications (like CAIA)?
When you’re in the CFA program as a candidate or a charterholder, it’s always a good idea to check if other certification programs you’re involved in have a waiver program with CFA Institute. You might end up saving yourself a lot of time and effort that otherwise might be duplicated.
Read on to learn more about CFA Institute’s waiver program, and how to check if this applies to you!
Regulators that currently have waivers with the CFA Program include:
- Financial Industry Regulatory Authority (FINRA)
- New York Stock Exchange (NYSE)
- The UK’s Financial Conduct Authority (FCA)
- Canadian Securities Administrators (CSA)
- Investment Industry Regulatory Organization of Canada (IIROC)
- Securities and Exchange Commission of Pakistan (SECP)
- The Monetary Authority of Singapore
In some cases, having a specific level of the CFA Program (e.g. Level I, Level II) can exempt you from some parts in university courses. For example, this could be a GMAT entrance exam to a business school, or certain financial courses.
Currently, about 50+ university programs have CFA waivers, including programs from:
- Duke University
- Cornell University
- Johns Hopkins University
- London Business School
- University of California, Berkeley
- University of California, Los Angeles
You can look up the latest university waivers and exemptions directly from CFA Institute.
3. Other Certification Programs
Currently this includes:
- The Chartered Alternative Investment Analyst (CAIA) exams – CAIA are trialling a pilot where if you are a CFA charterholder, you can skip CAIA Level I entirely. Read our article about it here, or directly from CAIA.
- The Chartered Market Technicians (CMT) charter – CFA charterholders can skip CMT Level I, allowing them to obtain the CMT charter in just 12 months. Learn more directly from CMT Association.
- The Investment Management Certification (IMC) exams – Candidates with CFA Level I and above can be exempt from IMC Part II (but not Part I).
You can look up the latest certification waivers and exemptions directly from CFA Institute.
Have you saved time by using a waiver, or are you currently eligible for any? Let us know in the comments below!