CFA has introduced an India market strategy to align the India market with its global strategy and ensure that it addresses the gap opportunity.
Last week, the Institute of Chartered Financial Analysts (CFA) named Aarti Porwal as the head of its India operations. Porwal has been associated with the CFA Institute for nearly eight years as Senior Director - Social Relations, prior to assuming the role of Country Head. In conversation with Mint, Porwal shared the role of CFA certification in hiring in the mutual fund industry, its fee structure and their top focus areas for growth. Edited excerpts:
The CFA charter is one of the most sought after qualifications in the mutual fund industry across all roles. Why so?
I would say there are three areas that I believe a professional qualification like the CFA program gives candidates an edge. In our research over the past year on the future of the investment management industry and the future of work, which is a part of our Future of Finance series, we clearly indicated that for the industry to grow through a leadership position, T- Sizing skills are required. and develop your career. T-shaped skills are basically broad and in-depth knowledge of the industry or a wide range of skills in the industry's core context, that is, depth. Therefore, while an MBA can provide you with breadth of knowledge in various sectors and action activities of an industry, the depth of knowledge that is required in terms of context, products, evaluation of products, their suitability for customers, is all that a CFA comes with Program.
The other thing that I believe the CFA program brings, which I believe is of very high importance but is not talked about much, is the ethical aspect. Ethics is 15% of the CFA program curriculum, and we take our ethical knowledge very seriously. If you look at one of the things that is clearly lacking in the industry, it is ethical behavior, which is hindering the building of investor confidence and hence, hindering the growth of the industry.
The third aspect is that it provides continuous professional development, which an MBA in ethics cannot do. No MBA college can take back your degree if you don't behave in a certain way. Also, while MBA gives you a network with your alumni, it does not necessarily provide you with an opportunity to enhance your skills regularly and continuously. This is something that the CFA Program, the CFA Institute and the CFA Society in India take very seriously.
How does continuous upskilling happen? Is there anything for the candidates to do even after passing the three levels?
If you have the CFA designation, there are a few things you have to do. First, if you don't renew your membership annually, you can't use the CFA designation. During renewal, in addition to paying a fee, you actually sign up for a code of conduct each year. Secondly, while it is not mandatory, there is an option to earn continuing education (CE) credits. These can be achieved by consuming any professional learning material that we provide such as website, webinars or videos on various technical fields, our research reports, reading our journals or participating in any event organized by our society or institute. made from There are technical conferences.
Does CFA Institute have any tie-up with AMCs, Investment Banks or other companies in BFSI sector for placement or internship opportunities?
We are dedicated to ensuring that our candidates and members get the best employment opportunities in the industry. While we do not have placement seasons or campus placements like business schools, we work continuously with them (employers) to ensure that we are creating employment opportunities or meeting the requirements of employers for the CFA program, charter, and designation. Increasing recognition among From.
We have an online job portal where employers can post their jobs. We work with companies to publicize their job postings on the website where our candidates and members have access to these job postings and can upload their resumes.
No comments:
Post a Comment