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Pieter Stalenhoef Explains That Earning CFA Designation Requires Extensive Knowledge

Being a CFA himself, Pieter understands that earning a CFA designation from its sponsor, the CFA institute, requires extensive knowledge of financial markets and that the process can take several years to complete if the applicant isn't dedicated enough. The process involves qualifying three exams, with each a prerequisite for the one that follows next. Pieter Stalenhoef believes the whole process to be a costly one as mere starting the CFA process costs $450, with a $950 charge for the Level I exam.

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Pieter Stalenhoef Explains That Earning CFA Designation Requires Extensive Knowledge

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  1. Pieter Stalenhoef Explains That Earning CFA Designation Requires Extensive Knowledge A Chartered Financial Analyst, Pieter Stalenhoef holds a master’s degree in investment management from Boston University and is currently working for a reputable financial investments firm.

  2. An aspiring chef and novelist, he also has years of experience working for a top-ranked fund in Boston, Massachusetts. Being a CFA himself, Pieter understands that earning a CFA designation from its sponsor, the CFA institute, requires extensive knowledge of financial markets and that the process can take several years to complete if the applicant isn’t dedicated enough. Pieter Stalenhoefexplains that anyone who has a bachelor’s degree or is in their final year at a four-year college, or has at least four years of experience making investment decisions is eligible for the Level I examination. A combination of the above mentioned criterion is also acceptable for the first test. Notable, all the levels of the CFA exam are offered in the month of June and the students are advised to spend at least 300 hours preparing for it.

  3. The process involves qualifying three exams, with each a prerequisite for the one that follows next. The Level I exam is a one day event with two sessions of three hours each and consisting of 240 multiple- choice questions. Level II exam, on the other hand, contains a few multiple choice questions along with 20 vignettes. The Level III exam, the toughest of them all, requires the test-takers to answer 8-12 essay questions and multiple-choice questions on 10 vignettes. Pieter Stalenhoef believes the whole process to be a costly one as mere starting the CFA process costs $450, with a $950 charge for the Level I exam. He advises all the aspirants of the CFA exam to cover the subjects including ethics, professional standards, classes of assets, wealth-keeping, types of investments, and portfolio investment thoroughly.

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