CFA Requirements In South Africa

Have a combination of four years (or 48 months) of full-time work experience and/or college/university education on the date of registering for the Level I exam. The dates of education and professional work experience cannot be overlapping. Candidates are required to have a total of four years sequentially.

To enroll in the CFA Program and register for your first Level I exam, you must have:

An international travel passport (read the ID policy) and

One of the following:

  • Undergraduate education: A bachelor’s (or equivalent) degree or be in the final year of your bachelor’s degree program (when you register for the Level II exam, you will be required to update your education information), or
  • Work experience: Four years of professional work experience (does not have to be investment related), or
  • A combination of professional work experience and education that totals at least four years (part-time positions do not qualify, and the four-year total must be accrued prior to enrollment).

Exam Registration – https://www.cfainstitute.org/programs/cfaprogram/register/registration/Pages/index.aspx​

Membership

​Requirements to Become a Member

Demonstrate your commitment to the investment management profession and stay relevant in the fast-paced world of investment management by joining the world’s largest association of investment professionals.

Regular Membership

We recommend regular membership for candidates in the CFA program. The application process has three phases and typically takes several weeks to be approved.

Please review the OFAC Compliance Policy. Residents of certain countries may be prohibited by law from becoming a CFA Institute or Society Member.

Online Application Checklist

Here’s what you’ll need to apply for CFA Institute regular membership:

  • A bachelor’s degree or equivalent education/work experience
  • A passing score for the CFA Level I Exam or the self-administered Standards of Practice Examination
  • 48 months of professional work experience (<-link – includes work assessment test) in investment decision making
  • 3 professional references
  • Local CFA Society membership. (CFA Society membership is optional but strongly encouraged.) Join a CFA Society.

How much does a CFA earn in South Africa?

An early career Chartered Financial Analyst (CFA) with 1-4 years of experience earns an average total compensation of R508,682 based on 21 salaries. A mid-career Chartered Financial Analyst (CFA) with 5-9 years of experience earns an average total compensation of R660,000 based on 11 salaries.

How many CFA are there in South Africa?

CFA Society South Africa currently has around 1700 members the majority of whom are CFA Charter holders. The individual and collective benefits of society membership are valued by investment professionals at all levels, in every segment of the industry.