Membership Requirements
CFA Society of Milwaukee Membership Types and Requirements
The process
for joining the CFA Society of Milwaukee starts at the national
society level, the CFA Institute. This process is separate from
enrollment in the CFA Program. The following link to the CFA
Institute website provides an explanation of the application
process, as well as the online tools you need to get started:
https://www.cfainstitute.org/cfaprog/charterholder/membership/
The CFA
Society of Milwaukee has two membership levels, regular and
affiliate. The specific requirements to be met for each level are
as follows:
1.
Regular Membership:
To qualify as
a regular member of the CFA Institute and the CFA Society of
Milwaukee, you must meet all of the following criteria:
·
Hold a
bachelor's degree from an accredited institution or have
equivalent education or work experience.
·
Pass Level 1
of the CFA exam or other such appropriate examination as approved
by the Board of Governors, or pass the self-administered Standards
of Practice Exam.
·
Have 48
months of acceptable professional work experience in the
investment decision-making process.
·
Agree to
adhere to and sign the Member's Agreement, a Professional Conduct
Statement, and any additional documentation requested by the CFA
Institute.
2.
Affiliate Membership:
Affiliate
membership requirements vary by local society, and to qualify as
an affiliate member of the CFA Society of Milwaukee, you must meet
all of the following criteria:
·
Pass Level 1
of the CFA exam or other such appropriate examination as approved
by the Board of Governors, or pass the self-administered Standards
of Practice Exam.
·
Have 12
months of acceptable professional work experience in the
investment decision-making process.
·
Agree to
adhere to and sign the Member's Agreement and a Professional
Conduct Statement
Acceptable Professional Work Experience
As part of
the application process, you will need to provide a detailed
narrative of your work experience for review by the national
society. The CFA Institute will make the determination if
it qualifies as acceptable professional experience in the
investment decision-making process. The experience may be
accumulated from current and/or past positions. The following
link provides you with additional detail on qualifying activities,
as well as sample job titles and work experience descriptions.
http://www.cfainstitute.org/cfaprog/charterholder/membership/work_experience.html
Sponsor Requirements
You will also
need to provide statements from two sponsors with your
application. The sponsors need to be a regular member of the CFA
Institute (also of the CFA Society of Milwaukee), and your
supervisor. The supervisor requirement is waived if the applicant
is the principal of the firm, a student, retired, self-employed,
unemployed, or if providing a supervisor sponsor places the
applicant in a difficult professional position. In that case,
both sponsors need to be regular members of the CFA Institute
(although only one also needs to be a member of the CFA Society of
Milwaukee).
The CFA
Society of Milwaukee can provide you with a sponsor if necessary.
Please contact Ryan Moran if you are in need of a sponsor.
Ryan Moran, CFA
Phone: 414-708-7373
E-Mail:
moran.ryan@gmail.com
Dues
Annual
membership dues are $100 for Regular and Affiliate members, and
$15 for Retired members.
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