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The Chartered Financial Analyst® (CFA) credential is the most respected and recognized investment management designation in the world. The CFA Program offered by CFA Institute provides a strong foundation of advanced investment analysis and real-world portfolio management skills that will give you a career advantage.
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CFA charter and exams
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In order to earn the CFA charter, you need to finish your bachelor’s degree, pass three CFA exams, accumulate 48 months of professional work experience in investment decision-making, and join CFA Institute as a regular member.
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However, if you are a junior or senior, you can already enroll in the CFA Program and register for your first exam (level I). The level I exam is offered five times a year. Your selected exam must be 23 months or fewer before your graduation month for your bachelor’s degree.
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In the past, several BME majors have taken and passed the level I exam while still in school.
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Scholarships
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CFA Institute offers several scholarships. As a University Affiliation Program partner, UCSC is entitled to grant students 5 student scholarships per year. The scholarship waives the enrollment fee of $350 and reduces the exam registration fee to US$400. Scholarships will be granted based on your performance in ECON 133 or ECON 135.
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Curriculum
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UC Santa Cruz takes part in CFA Institute’s University Affiliation Program. As such, students in our business management economics major can take courses at UC Santa Cruz that cover at least 70% of the CFA Program Candidate Body of Knowledge required for the CFA Level I exam.
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If you want to pursue the CFA track, you should take the following courses:
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Knowledge Domains and Topics
Courses Covering Corresponding Topics
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Ethical and Professional Standards
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A. Professional Standards of PracticeA.
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B. Ethical Practices
B. ECON 116: Adv. Topics in Accounting & Ethics
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C. Asset Manager Code of Professional ConductC.
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D. Presentation of Performance Results (GIPS)D.
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Quantitative Methods
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A. Time Value of Money
A. ECON 135: Corporate Finance
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B. Probability Distributions and Concepts
B. STAT 17: Statistical Methods for Business and Economics
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C. Sampling and Estimation
C. STAT 17: Statistical Methods for Business and Economics
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D. Regression Analysis
D. ECON 113: Introduction to Econometrics
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E. AI/ML and Big Data Analysis & Applications
E. ECON 124: Machine Learning for Economists
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F. Time-Series Analysis
F. ECON 113: Introduction to Econometrics
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G. Back-testing, Simulation, and Scenario AnalysisG.
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Economics
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A. Market Forces of Supply and Demand
A. ECON 1: Introductory Microeconomics
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B. The Firm and Industry Organization
B. ECON 160A: Industrial Organization
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C. Business Cycles
C. ECON 2: Introductory Macroeconomics
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D. Inflation and Deflation
D. ECON 2: Introductory Macroeconomics
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E. International Trade and Capital Flows
E. ECON 140: International Trade
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F. Currency Exchanges Rates
F. ECON 131: International Financial Markets
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G. Monetary System, Monetary and Fiscal Policy
G. ECON 130: Money and Banking
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H. Economic Growth and Development
H. ECON 121: Economic Growth
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I. Effects of Regulations
I. ECON 130: Money and Banking
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J. Economic Analysis and Setting Capital Market ExpectationsJ.
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K. Effects of Geopolitics on Economies and Investment MarketsK.
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L. Applications of Economics Factors in the Investment ProcessL.
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Financial Statement Analysis
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A. Analysis of Financial Statements
A. ECON 10A: Economics of Accounting
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B. Financial Reporting Quality
B. ECON 111A: Intermediate Accounting I
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C. Analysis of Off-Balance-Sheet Assests and Liabilities
C. ECON 111B: Intermediate Accounting II
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D. Analysis of Stock Compensation and Other Employee Benefits
D. ECON 111B: Intermediate Accounting II
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E. Analysis of Intercorporate Investments and Business Combinations
E. ECON 111B: Intermediate Accounting II
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F. Analysis of Global OperationsF.
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G. Building a Company Financial ModelG.
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H. Ratio and Financial Analysis
H. ECON 10A: Economics of Accounting
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I. Financial Analysis of Banks and Insurance CompaniesI.
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J. ESG Considerations in Financial Statement Analysis
J. ECON 111C: Intermediate Accounting III
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Corporate Issuers
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A. Corporate Structures and Strategies
A. ECON 135: Corporate Finance
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B. Corporate Ownership and Governance
B. ECON 135: Corporate Finance
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C. Risk Factors (including environmental and social)C.
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D. Corporate Financing Decisions
D. ECON 135: Corporate Finance
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E. Corporate Actions, Combinations, and Restructuring
E. ECON 135: Corporate Finance
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Equity Investments
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A. Types of Equity Securities and Markets
A. ECON 133: Security Markets
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B. Fundamental Equity Analysis
B. ECON 133: Security Markets
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C. Valuation of Individual Equity Securities
C. ECON 133: Security Markets
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D. Equity Market Valuation
D. ECON 133: Security Markets
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E. Equity Portfolio Management
E. ECON 133: Security Markets
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F. ESG considerations in Equity InvestmentsF.
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Fixed Income
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A. Types of Fixed Income Securities and Markets
A. ECON 133: Security Markets
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B. Fundamental Fixed Income
B. ECON 133: Security Markets
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C. Term Structure Determination and Yield Spreads
C. ECON 133: Security Markets
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D. Valuation of Individual Fixed Income Securities
D. ECON 133: Security Markets
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E. Analysis of Interest Rate Risk
E. ECON 133: Security Markets
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F. Analysis of Credit Risk
F. ECON 133: Security Markets
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G. Valuing Bonds with Embedded OptionsG.