CFP and CFA Essay Example | Topics and Well Written Essays - 500 words

CFP and CFA - Essay Example For an individual to access the Certificate of approval from the CFP Board, he/she must possess certain academic qualifications as required by this board for instance: He/she must possess a degree in matters related to financial management as well as accounting issues. Moreover, the degree must have been obtained from an ISO Certified and accredited learning institution. People interested in acquiring the Certified Financial Planning approval certificate are also usually exposed to a five year training of, which they have to pass exams (Brandon & Welch 2009). There are various advantages ascribed to an individual acquiring this certificate; first of all, individuals approved with the provision of this certificate are considered to have acquired the proper financial management ethics hence have a higher chance of employment as compared to persons who have not been provided with this certificate. In addition, the acquisition of this certificate is important owing to the fact it is recognized in some parts of Europe i.e. in Britain; hence allowing individuals who possess it to access job opportunities in Britain This is a program offered to individuals focusing on financial analysis of various economic activities. It is usually offered by an American organization that was formerly referred as Investment Management & Research. In order to access this charter, an individual must complete the program offered by this organization (Lucas 2010). Such a person will therefore be referred as a Chartered Financial Analyst certificate holder. This charter certificate is not usually regarded as a degree but rather a program that enhances individuals’ capacity to perform duties pertaining to financial analysis. Apart from the fact that an individual has to attend the training programs offered to attain the charter certificate, he/she must also possess an experience of two years in regard to financial training and management. Moreover,