When I started the CFA process, I was in personal financial planning. Since then, I pivoted to corporate finance (CFO/corporate controller/FP&A activities).
https://www.cfainstitute.org/community/membership/process/Pages/work_experience_assessment.aspx
When I read this, I can’t tell if the CFA requires “investment” activity and what that entails.
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The financial modeling I do is basic forecasting of revenue/expenses of my employer only
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The only “capital structure” stuff we do is asking investors for more money or banks for a loan. Yeah, I have to manage a cap table, but i’m doing WACC calculations or anything like that. It’s more simple stuff like “We need to raise 5M to ensure our survival for 2 more years. Who can we call?”
3, The “investing” decisions I help our CEO make is stuff like “are our salespeople pulling their weight?”. We invest in people and technology, but not in other companies. Nothing that requires the knowledge taught in the CFA program imho.
- I have no contact with traders, or portfolio managers. The only “investors” I talk to are our VC and angel investors who have questions on the terms of our deals and how we calculated the # of shares.
Now that I read that, I am getting scared that I’ll never have the experience (again). I should mention that I definitely had the minimum 48 months of relevant experience, but I left that career already. Is my experience going to “expire” after a number of years? I’ve seen some designations that require that you have 4 years of work experience but in the last 8 calendar years for example.