Work experience required by the CFA InstituteWhen you apply for CFA membership, you enter your work experience descriptions as part of your application.
Your work experience determines your eligibility for membership and impacts whether you are recommended for affiliate membership or regular membership.
To be recommended for regular membership you must have completed four years (48 months) of qualifying work experience in activities that consist to a majority extent of:
Evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process involving securities or similar investments, which includes, but is not limited to, publicly traded and privately placed stocks, bonds, and mortgages and their derivatives; commodity-based derivatives and mutual funds; and other investment assets, such as real estate and commodities, if these other investment assets are held as part of a diversified, securities-oriented investment portfolio; or
Supervising, directly or indirectly, persons who practice such activities; or
Teaching such activities.
If you have not accrued 48 months of qualifying work experience, you may still apply for membership and will be considered for affiliate membership status.
Entering your work experience as part of your application:
Job titles are not sufficient; you must include specific details about your job responsibilities.
Once you submit your application, you cannot subsequently update the work experience attached to that application.
Subsequent changes to your work experience will only be considered when you withdraw your application and then reapply with the updated information. To withdraw your application: Select "Manage My Membership" from the Account Home page and then select "Begin Withdrawal."
Work experience accrual criteria:
May be accrued while you're in the CFA Program, after you've passed all three exam levels, or in previous positions.
At least 50 percent of your work experience must be: Directly involved in the investment decision-making process
Engaged in responsibilities and/or producing a work product that informs or adds value to that process
Part-time positions do not qualify.
Managing your own investments does not qualify.