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The CFA® Track

What is a CFA charter?

The CFA (Chartered Financial Analyst) charter is a professional designation awarded by the CFA Institute. The CFA charter serves a similar purpose for investment professionals that the CPA does for accountants. It demonstrates a mastery of a comprehensive body of knowledge important in the investment decision-making process. Many investment firms require entry-level employees to pursue the CFA designation as a condition of employment. However, it is unusual for an undergraduate student to be preparing for the exam. We are offering this program as one opportunity for our students to distinguish themselves in a competitive employment market.

To earn a CFA designation a candidate must pass three levels of exams (Levels I, II, III) and meet the experience requirement specified by the CFA Institute

The CFA Body of Knowledge has ten topic areas; ethical and professional standards, quantitative methods, economics, accounting and corporate finance, global markets and instruments, valuation and investment theory, analysis of fixed-income securities, analysis of equity investments, analysis of alternative investments, and portfolio management. Candidates are tested on all topic areas at each level.

What is the CFA Track?

The CFA Track is a sequence of undergraduate courses offered by the Robins School of Business Finance Department. Three faculty members, Professors John Earl, Mitchell Conover, and Tom Arnold, currently hold the CFA designation.

The courses have been designed to prepare a student to take the CFA Level I exam shortly after graduation. When possible, courses use the same textbooks and reference materials as the CFA Study Guide. Also, questions from previous CFA exams are used on some course exams.

A candidate completing the finance courses in the CFA Track should have a basic framework for the fixed-income securities analysis, equity securities analysis, and portfolio management topic areas. Other required courses in the business school curriculum should also give the student a preliminary background in the quantitative analysis, corporate finance and economics sections. The remaining sections (ethical and professional standards, and financial reporting and analysis) are not directly covered in the Track courses, but may be included in other courses available in the business school.

Undergraduate Finance

Robins School of Business
1 Gateway Road
University of Richmond, VA 23173

Department Chair
John Earl, Jr., Ph.D.
RSB 325
(804) 289-8589
jearl@richmond.edu

Department Coordinator
Lori Cates
RSB 305
(804) 287-1858 
lreed2@richmond.edu