Alvon Ramos passes Level I CFA exam
SBAA Instructor Mr. Alvon Pulig Ramos passed the Chartered Financial Analyst (CFA) Level I Examination held last June 1, 2013 at the Philippine International Convention Center, Manila. Passing the exam, which was simultaneously held in other testing centers all over the world, is the first step towards earning a CFA charter, a globally recognized designation granted by the CFA Institute, an international association of investment professionals.
The result of the 2013 CFA Level I Examination was released last July 23, with a 38% global passing rating. In the Philippines, there are only 123 CFA charterholders.
The CFA designation or CFA charter is an internationally respected and recognized investment credential. Earning the charter demonstrates a mastery of skills needed for investment analysis and decision making in the finance industry. There are currently 90,000 CFA charterholders working in over 135 countries in the world today.
The program is organized into three levels, with each culminating in a six-hour exam held simultaneously in more than 180 locations around the world.
The Level I CFA examination taken by Mr. Ramos was composed of 240 multiple-choice questions covering a number of areas including ethics and professional standards, economics, quantitative methods, financial reporting and analysis, corporate finance, equity investments, fixed income, derivatives, alternative investments, and portfolio management.
Mr. Ramos took the exam through the CFA Professor Scholarship, which offers reduced costs for full-time college or university professors enrolling in the program. The scholarship is offered to professors who teach a minimum of six credit hours per quarter or semester or to administrators/department heads who teach three hours per quarter or semester at a university that offers bachelor degrees or higher.