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| *Ostroff, Fair and Company>>>Financial Services |
What type of studies are within the CFA course? |
I am currently studying the actuarial exams and am looking to move to the CFA qualification instead. Can someone tell me what sort of topics they study in the CFA course? I know it consists of maths,econ,stats,account. However I am particularly interested in how technical they go in terms of maths and stats? I mean do they study theories like differential equations, stochastic differentials, advance calculus, etc? (for example, i am studying about blackscholes equation and the part I don't like is how Brownian motion and Ito process is defined and applied in terms of stochastic differentials. Is this something that is also present in CFA exams?) Also how advance is their statistics? how in-depth do they require you to understand the theory? And examples? (i.e. In exam you normally have 2 types of questions, 鈥榯heories derivation/apply鈥?or 鈥榩lugging numbers to examples and work out more numbers and explain the numbers鈥? Which one does the CFA exams tend towards?) Cheers -Please see the Investopedia link for a good primer on the subjects covered. -Anyone with a finance or economics B.A. should find the exams very approachable. While CFA material can be technical in covering portfolio theory (ex: asset pricing, efficient frontier, etc...), it is not as technical to involve Brownian motion. In their statistics, expect anything that can be applied to business. Know the basics, like interpreting regressions, the definitions involved in analysis, and you should be good to go. It's not rocket science, but market science. Source(s): +CFA I (Investopedia) http://www.investopedia.com/professional... + CFA Society http://www.cfainstitute.org/cfaprog/inde... +Schweser (study guides) http://www.schweser.com/ |
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