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The CFA exams for accreditations of the most coveted financial analysts on Wall Street and in other major financial centers around the world, will include for the first time blockchain and cryptographic subjects. currency from 2019 a spokesman for the CFA Institute at Bloomberg
The credentials of Chartered Financial Analyst (CFA) or Certified Financial Analyst, levels I, II and III are issued after the approval of exams that are applied by the CFA Institute since 1963, and they are held each year in June and December in 170 cities and 93 countries, including several in Latin America.
Considering that blockchain technology and cryptocurrencies have had a notorious impact on the financial world, the CFA Institute has decided to incorporate blockchain and cryptocurrency topics into the corresponding curriculum for exams from 2019. This change, which was announced by Bloomberg, will be known next August, when registration will begin for exams next year.
The topics mentioned will be incorporated into a new section of the program called FinTech in Investment Management, partly because of the demand of the candidates themselves for certifications and for greater coincidence points between major firms in the traditional financial world and various cryptocurrency initiatives. These companies include Goldman Sachs, CBOE and CME. The latter played an important role in the adoption of bitcoin in the traditional financial market thanks to the sale of futures contracts with this asset last December.
Stephen Horan, director of general education and programs at the CFA Institute, points out that blockchain and cryptocurrency fields are moving faster than others, while perceiving them as more sustainable. " This is not a passing fad ," explains Horan
As in a number of highly specialized academic branches, certifications are a sure way to get a job. In the telecommunications field, for example, there are certifications managed by Cisco but managed independently. In the case of the CFA, skills are required in the financial field as well as accounting and auditing.
As evidence that exams have increased their level of demand since their inception 55 years ago, in 2017 they presented CFA Level I a total of 131,271 and the pass rate was 43%, a percentage that has remained almost unchanged over the last five years for Level I. The CFA Institute, which has already provided study materials for the exams, recommends approximately 300 hours of
In examinations held on June 6 , a record number of CFA certification candidates was reached, since they presented 227,031 applicants, while the total aspirants for 2017 was 219,939. Among the Latin American cities where there are centers for the presentation of these CFA exams include Buenos Aires, Bogota, Santiago de Chile, Rio de Janeiro, Caracas, Lima, Guatemala, Mexico and Panama.
Featured image for skarie / stock.adobe.com
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