Is the CFA Worth It?
Published: 20 August 2025
A thought that often surfaces for Finance professionals is the pursuit of the CFA designation, or Chartered Financial Analyst. This credential is recognised for its rigorous curriculum and high ethical standards, signifying a profound commitment to the investment profession. The reputation precedes it: individuals holding the CFA Charter are often seen as possessing deep expertise in investment management, capable of navigating complex financial markets with strategic insight.
But in Singapore's Financial sector, the question intensifies: "Is the CFA worth it?” This blog delves into why the CFA programme can be a transformative investment in your professional future. We also explore the benefits, outline the programme structure, and show how Kaplan helps candidates achieve this qualification.
Understanding the CFA Charter and IBF Certification
The CFA® Program is a globally recognised, postgraduate-level investment credential offered by the CFA Institute. It’s designed to provide a strong foundation in advanced investment analysis and real-world portfolio management skills. Candidates progress through three levels, each culminating in an exam that covers a broad curriculum, including ethical and professional standards, investment tools, asset classes, and wealth management.
The CFA Charter is widely considered the gold standard for investment professionals worldwide. Earning it demonstrates a mastery of the investment analysis and portfolio management body of knowledge, as well as a commitment to the highest ethical conduct. This rigorous programme prepares individuals for a variety of roles within the Finance industry, from portfolio managers and research analysts to risk managers to chief investment officers.
In Singapore, the value of the CFA Charter is further amplified by its recognition by the Institute of Banking and Finance (IBF). The IBF is the national agency that champions the development of a skilled and professional financial services workforce in Singapore.
Achieving IBF certification in conjunction with your CFA Charter offers a powerful dual recognition, affirming your capabilities not just globally but specifically within the Singaporean Financial sector. This dual accreditation, often referred to as CFA-IBF, signifies that you meet the high standards set by both an international professional body and Singapore's national financial sector authority.
The collaboration between CFA Institute and IBF Singapore means that successful CFA Charterholders can also apply for IBF Advanced certification in various specialisations, such as Wealth Management, Investment Management, and Risk Management, depending on their relevant experience. This dual accreditation provides a distinct advantage, showcasing both global competency and local relevance, which is highly valued by employers in Singapore's Financial industry.
Furthermore, the IBF often offers funding for eligible programmes and certifications, which can reduce the costs associated with pursuing qualifications like the CFA, making this prestigious credential more accessible to local professionals.
Why Take the CFA Exam? Compelling Benefits for Your Finance Career
The decision to embark on the demanding CFA journey is not one taken lightly. It requires time, effort, and financial commitment. So, why take the CFA exam? Let’s explore the benefits of CFA certification.
1. Enhanced Career Advancement and Job Opportunities
The CFA Charter is a powerful credential that can accelerate your career trajectory in the Investment Management industry. It signals to employers worldwide, and especially in Singapore, that you possess a comprehensive understanding of the financial markets and investment tools. This opens doors to a wider array of senior and specialised roles that might otherwise be out of reach.
2. Higher Earning Potential and Salary Growth
One of the most tangible benefits of CFA certification is the potential for increased earning power. While the investment in time and money for the programme is substantial, the long-term financial returns often prove to be worth it. Numerous studies and industry reports consistently indicate that CFA Charterholders earn significantly higher salaries compared to their non-chartered counterparts in similar roles.
3. Specialised Knowledge and Expertise in Investment Management
The CFA curriculum is incredibly broad and deep, covering every aspect of investment analysis and portfolio management. You'll gain expertise in areas such as equity valuation, fixed income, derivatives, alternative investments, economics, corporate finance, and quantitative methods. This comprehensive knowledge base is not merely theoretical; it is highly practical and directly applicable to real-world financial challenges.
4. Global Recognition and Portability
The CFA Charter is globally recognised and respected across more than 160 countries and regions. This international portability is a tremendous asset, particularly in a globalised financial hub like Singapore, which attracts talent from all corners of the world. Whether you plan to stay in Singapore, work for an international firm, or pursue opportunities abroad, your CFA Charter will be a universally understood mark of excellence and competence.
5. Commitment to Ethical and Professional Standards
A cornerstone of the CFA programme is its emphasis on ethics and professional conduct. Candidates are rigorously tested on the CFA Institute's Standards of Professional Conduct and the Code of Ethics. This strong ethical foundation is increasingly critical in the financial industry, where trust and integrity are paramount. Employers highly value CFA Charterholders for their commitment to these standards, which helps maintain the integrity of financial markets and protects clients' interests.
6. Expanded Professional Network and Global Connections
Throughout your CFA journey, you'll connect with a diverse network of ambitious finance professionals, both fellow candidates and existing Charterholders. CFA societies around the world, including a very active one in Singapore, provide platforms for networking, professional development, and knowledge sharing. These connections can prove invaluable for career opportunities, mentorship, collaborations, and gaining insights into different markets and sectors, both within Singapore and internationally.
7. Strategic Advantage with IBF Certification
As mentioned, earning the CFA Charter with IBF certification through the CFA-IBF pathway offers a powerful advantage in Singapore. This dual recognition is highly regarded by local employers and regulators, enhancing your credibility and marketability within the Singapore financial services industry. Furthermore, the potential for IBF funding for eligible CFA programmes can reduce the financial burden, making this highly valuable certification more accessible. Exploring the IBF courses listed in Singapore can provide more details on eligibility and application processes.
The CFA Journey: Programme Structure and Requirements
Embarking on the CFA journey requires a clear understanding of its structure and demands. It's a rigorous, self-study-oriented programme, complemented by preparation courses from institutions like Kaplan (Singapore). The CFA® IBF-STS Accredited Programs consist of three levels, each building upon the previous one, culminating in an exam.
Level I: Focuses on foundational investment tools and concepts, ethical and professional standards, and an introduction to various asset classes. It aims to develop a basic understanding of the investment industry.
Level II: Dives deeper into asset valuation and applies investment tools to specific asset classes. It emphasises complex analysis and valuation techniques.
Level III: Concentrates on portfolio management and wealth planning, integrating all the concepts learnt in the previous levels and requiring candidates to apply them in a holistic manner.
To enrol in the programme, candidates must meet one of the following criteria:
Possess a Bachelor's Degree (or equivalent)
Be in the final year of a Bachelor's Degree programme
Have four years of professional work experience (not necessarily investment-related)
A combination of professional work experience and higher education, totalling at least four years.
Additionally, candidates must possess a valid international travel passport, reside in a participating country, and meet professional conduct admission criteria.
For those considering other Professional Finance qualifications, Kaplan also offers a Chartered Accountant course. Whether you are at the Diploma, Bachelor's, or Master's level in your academic journey, Professional Certifications like the CFA can complement your qualifications and boost your career prospects.
Final Thoughts: Is the CFA Worth It?
So, is pursuing the CFA worth it for you? The answer hinges on your professional ambitions, your commitment to the curriculum, and your vision for your future in the Financial industry. If your aspirations include achieving senior roles in investment management, gaining global recognition, commanding higher earning potential, and upholding the highest ethical standards, then the CFA Charter presents a valuable pathway.
The unique combination of global recognition from the CFA Institute and local validation through IBF certification makes the CFA certification an exceptional credential for finance professionals in Singapore. It's more than just an exam; it's a transformative educational experience that cultivates deep expertise, critical thinking, and unwavering professional integrity.
For international students looking to study in Singapore, Kaplan offers comprehensive support services. The dedicated teams can assist with visa applications, accommodation options, and settling into life in Singapore, ensuring a smooth transition.
If you’re ready to elevate your career and commit to becoming a leader in the investment profession, explore our Preparatory Course for Chartered Financial Analyst® (CFA®) Examination or contact our admissions team.