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cfasig@nus.edu.sgcfasig@nus.edu.sg
CFA Students' Interest Group CFA Students' Interest Group
(CFA SIG) (CFA SIG)
Welcome TeaWelcome Tea
2CFA Students' Interest Group
�Welcome Address
� Introduction
� Address by our Adviser
� Overview of CFA Program
� Q&A / Reception
AgendaAgenda
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3CFA Students' Interest Group
Welcome AddressWelcome Address
byby
Jack Wang, CFAJack Wang, CFAChairperson Chairperson
University Relations and Career DevelopmentUniversity Relations and Career Development
CFA SingaporeCFA Singapore
Jack.yy.wang@regis.com.sgJack.yy.wang@regis.com.sg
4CFA Students' Interest Group
� To join a network of study groups so as to achieve optimum and efficient preparation to pass the level I CFA exam
� To gain access to candidate resources and experienced advice that would give you an advantage in the level I CFA exam
� To be a part of a strong network of like-minded future CFA charterholders
Objectives of Joining the CFA SIGObjectives of Joining the CFA SIG
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5CFA Students' Interest Group
The 1The 1stst Executive and Founding CommitteeExecutive and Founding Committee
Chen JianwenPhua Zhenghao Sng Jia Hao
PresidentVice President Vice President
Passed CFA Level I Passed CFA Level II Passed CFA Level I
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Our AdvisersOur Advisers
Director, NUS CFA Program Partnership, 2007
Chartered Financial Analyst, 1995
Associate Professor of Finance
DR. LAM SWEE SUM
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7CFA Students' Interest Group
Our AdvisersOur Advisers
CFA Singapore Society, Co-Chairman,
Candidate Programs Sub-Committee, 2006
Chartered Financial Analyst, 2002
Assistant Professor
DR. LOW CHEE KIAT
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http://http://www.bschool.nus.edu.sg/cfawww.bschool.nus.edu.sg/cfa//
NUSNUS--CFA Program PartnershipCFA Program Partnership
Check out our website and subscribe to email updatesCheck out our website and subscribe to email updates
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9CFA Students' Interest Group
CFA Institute Mission StatementCFA Institute Mission Statement
To lead the investment profession
globally by setting the highest
standards of ethics, education, and
professional excellence.
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� Widely considered as the investment profession's most
rigorous credential program
� Acknowledged as the benchmark for measuring
competence and excellence in financial markets
� Increasingly a requirement in many firms' recruitment
About the CFA DesignationAbout the CFA Designation
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Benefits of the CFA ProgramBenefits of the CFA Program
� Credibility: Clients and colleagues regard you with a
presumption of expertise
� Competitive Advantage: Employers and clients want the
experience that comes with the CFA charter
� Connections: You’ll join a global network of more than 78,000
professionals
� Recognition: You’ll earn a designation praised by employers
and media
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Benefits of CFA Program Benefits of CFA Program
–– KnowledgeKnowledge
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13CFA Students' Interest Group
Benefits of CFA Program Benefits of CFA Program
–– Respect & CredibilityRespect & Credibility
Most common occupations of CFA charterholders
• CEO • Investment Counselor
• Chief Investment Officer • Investment Firm Manager
• Equity Analyst • Portfolio Manager
• Fixed Income Analyst • Portfolio Strategist• Investment Banker • Sales/Marketing Professional
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Benefits of CFA Program Benefits of CFA Program
–– Diverse Career OpportunitiesDiverse Career Opportunities
Mutual Funds / Investment Companies 26%
Brokerage / Investment Banks 18%
Investment Management Counselors 12%
Commercial Banks / Trust Companies 15%
Consulting Firms 7%
Insurance Companies 5%
Other 17%
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Benefits of CFA Program Benefits of CFA Program
–– Opportunity: Top 26 EmployersOpportunity: Top 26 Employers
• ABN AMRO • J.P. Morgan Chase & Co.
• Allianz AG • Lehman Brothers
• Bank of America • Mellon Financial Corporation
• Barclays • Merrill Lynch & Co., Inc.
• BMO Nesbitt Burns, Inc. • Morgan Stanley
• CIBC World Markets • PricewaterhouseCoopers
• Citigroup • Credit Suisse Group
• Prudential Financial • Putnam Investments
• Deutsche Bank • RBC Financial Group
• Goldman Sachs • Scotia Capital
• FMR Corp • TD Financial
• HSBC • UBS AG
• ING Groep N.V. • Wachovia
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Benefits of CFA (Chartered Financial Analyst)Benefits of CFA (Chartered Financial Analyst)
CFA qualifications a plus
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Benefits of CFA (Chartered Financial Analyst)Benefits of CFA (Chartered Financial Analyst)
CFA charterholders or
candidates in the CFA
program are to be favored
Switzerland
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Benefits of CFA (Chartered Financial Analyst)Benefits of CFA (Chartered Financial Analyst)
“Whereas there are tens of thousands of finance degrees availablearound the world, ranging from the excellent to the worthless, there is only one CFA, managed and examined by an American association of financial professionals, the CFA Institute. It used to be just an American qualification. But explosive growth has madeit, in effect, global currency.”
The Economist
Feb. 26-Mar 4, 2005
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19CFA Students' Interest Group
� If you pass all three exams and meet the professional and
ethical requirements, plus the relevant amount of work
experience, you earn the CFA designation
� Exams for all levels are held in locations around the
world
� Level I exams are held in June and December. Levels II
and III are only held in June
Overview of the CFA ProgramOverview of the CFA Program
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� Sequentially pass Level I, II, and III exams. Do note that you
must be in your final year of study before you are allowed to
attempt the level I exam
� Have four years of acceptable work experience
� Provide professional references (Level III)
� Join CFA Institute as a member and apply for membership
in a local CFA Institute society
� Submit professional conduct statement
CFA Charter RequirementsCFA Charter Requirements
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CFA Exams DatesCFA Exams Dates
Level I:
2 December 2007 (Exam date in Eastern Asia and Oceania)
8 June 2008 (Exam date in Eastern Asia and Oceania)
Level II & III:
8 June 2008 (Exam date in Eastern Asia and Oceania)
Note: Results released around 2 months after exam dates.
Candidates must wait to receive their exam results before
registering for the next exam
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$1395 = $930 + $465 17 Mar 2008:
$1078 = $688 + $390 15 Feb 2008:
$990 = $600 + $390 26 Sep 2007:
Total cost=Exam registration*+Program enrollment
(new candidates only)Payment
deadlines
CFA Exams Fee Schedule (June 2008)CFA Exams Fee Schedule (June 2008)
Level I (Fees in US Dollars)
Level II & III& III (Fees in US Dollars) (Fees in US Dollars)
$930 = $930 + n/a 17 Mar 2008:
$688 = $688 + n/a 15 Feb 2008:
$600 = $600 + n/a 26 Sep 2007:
Total cost=Exam registration*+Program enrollmentPayment
deadlines
*Beginning with the 2008 exams, the exam registration fee also includes the complete curriculum
and one sample exam. The curriculum portion of the fees will be taxed in MA, NY, NJ, VA, PA,
IL, and Canada. Customs fees may be required for international customers.
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Topics Covered: CFA Candidate Body of Knowledge (CBOK) Topics Covered: CFA Candidate Body of Knowledge (CBOK)
• Ethical and Professional Standards
• Quantitative Methods• Economics
• Financial Statement Analysis
• Corporate Finance
• Analysis of Equity Investments
• Analysis of Debt Investments
• Analysis of Derivatives
• Analysis of Alternative Investments
• Portfolio Management and Performance Presentation
Investment Tools
Asset Valuation
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Relevant BBA ModulesRelevant BBA Modules (Level 1)(Level 1)
� Introduction to Statistics (ST1311)
� Finance (FNA2004)
�Managerial Economics (BSP1005)
�Macroeconomics (BSP2001)
� Financial Accounting (FNA1002)
� Financial Statement Analysis (FNA3113)
� Corporate Finance (FNA3101)
� Financial Markets (FNA3103)
� Investment Analysis (FNA3102)
Quantitative Methods
Economics
Corporate Finance
Financial Statement Analysis
Asset Valuation
Portfolio Management and
Performance Presentation
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Useful Additional BBA ModulesUseful Additional BBA Modules (Level 1)(Level 1)
� Fixed Income Securities (FNA3120A)
� Options and Futures (FNA3116)
� Financial Risk Management (FNA3118)
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Topics Covered: Approximate Percentage BreakdownTopics Covered: Approximate Percentage Breakdown
40%
40%
10%
10%
50%
35%
5%
10%
50%
30%
15%
5%
Level I Level II Level III
Investment Tools
Asset Valuation
Portfolio Management
Ethics & Professional Standards
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Exam FormatExam Format
� Each exam is six hours long and is split between morning
and afternoon sessions.
●50%
●50%
Level III
●100%
Level II
●100%
Level I
Constructed Response
Item Set (Objective)
Multiple Choice
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Student Scholarships Student Scholarships –– For New Level I Candidates OnlyFor New Level I Candidates Only
� Awarded by qualified CFA charterholder full-time faculty
members
� Interested candidates apply and then pass through a rigorous
selection process involving interviews and other criteria
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Other AdviceOther Advice
Sharing of personal experiences from our
three exco members
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CFA SIG Coaching SessionsCFA SIG Coaching Sessions
� Every Wednesday from 1600-1730 (by prior appointment)
� Venue: TBC
� You will get to consult with two members of the executive
committee on problem areas you encounter in your preparation
� To enroll for a particular week’s session, please send an email
to cfasig@nus.edu.sg by 12 noon of the prior Tuesday
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Candidate Resource Loan SystemCandidate Resource Loan System
� 2 Sets (6 books each set) of Stellar Study Guides available
� Each member is allowed to borrow only one book at any one time
� Members are not to lend the Study Guides to non-members without approval of the committee
� Borrowing must be done in person but not returns
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Candidate Resource Loan SystemCandidate Resource Loan System
� Loan Period:
- Monday – Thursday
- Thursday – Monday
� Borrowing Time/Returning Time:
- Every Monday and Thursday,
Returning Time > 1130-1200
Borrowing Time> 1200-1230
� Overdue Penalty:
- $2.00 for each additional day
� Damages will be charged accordingly
� Reservations to be made through IVLE Community one week in advance (from Monday 0900 hrs) on a first-come-first-served basis.
� Location
- Computer Lab 1 (area near the Bloomberg Machine)
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CFA SingaporeCFA Singapore
� Established in September 1987, CFA Singapore is a
professional society that brings together practitioners in the
investment and fund management industry in Singapore
� Its principal objective is to promote and uphold professional
standards and ethical practice in financial analysis and
investment management in Singapore
www.membersocieties.org/singapore/
info@ssfa.org.sg
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Questions?Questions?
Contact us at cfasig@nus.edu.sg for any enquiries or
urgent help needed in your revision
Register and more about CFA Program:
http://www.cfainstitute.org/cfaprog/index.html
About BBA-CFA Partnership
http://bba.nus.edu/cfa.htm
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