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CFA® Program Practice Analysis

Keeping the Curriculum Current and Relevant

Practice Analysis Fact Card

Download the fact card (PDF)

We continuously evolve the CFA Program by connecting with practicing investment management professionals, university faculty, and regulators to determine the critical knowledge, skills, and abilities that are needed in an investment role today. Getting direct feedback, insight, and perspective from industry practitioners is the most effective way to prepare the next generation of investment managers for the demands of global capital markets.

We refer to this process as practice analysis. The primary goal of our global practice analysis is to assess and update the Global Body of Investment Knowledge (PDF) and Candidate Body of Knowledge, which identifies knowledge, skills, and abilities that investment professionals need to perform successfully throughout their career. The dynamic assessment of the competencies required of investment management professionals is designed to establish the blueprint for the CFA Program curriculum and exams. Industry experts consider the practice analysis process as the key reason the CFA Program is regarded as the global “gold standard” of investment credentials.

In order to maintain the CFA charter as the preferred designation of investment practitioners, CFA Institute needs your input.

The CFA Program: Where Theory Meets Practice (PDF)

Industry Practitioner Input at Every Stage

The Education Advisory Committee has developed a practice analysis process that includes interviews and surveys involving institutional and private wealth market practitioners, security market regulators, university faculty, and policymakers. In FY2018 over 6,000 participants were involved in panel sessions and surveyed in major financial centers across the globe. The questions addressed in practice analysis include:

  • What skills are firms demanding when hiring investment professionals?
  • What are the common skill deficits of investment professionals at the early stages of their career?
  • What regulatory changes are impacting investment management practice?

 Join the Practice Analysis Working Body to participate

Key Investment Management Industry Trends

In our latest CFA Program 2017 Practice Analysis Survey, members identified top trends that may significantly impact practice in the investment industry over the next 3 years:

  • The impact of regulation on investment decision making
  • The role of “Big Data” in financial analysis
  • The negative (low) interest rate environment

Learn more about key trends identified (PDF)

Learn more about updates to the 2019 CFA Program Curriculum

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