EFFAS EFFAS

Login to your account

Username *
Password *
Remember Me
  • Forgot your password?
  • Forgot your username?

Main Menu

  • Home
  • About Us
    • Executive Management Committee
    • EFFAS Charter
    • Annual Reports
    • Principles Of Ethical Conduct
    • Commissions
      • CESG - Environment, Social and Governance
      • CMC - Capital Markets
      • CFR - Commission on Financial Reporting
      • TQC - Training and Qualification
    • International Relationships
    • History
    • Main Activities
    • Member Societies
    • Arbitration Board
    • Our Partners
  • Events
    • Seminars & Conferences
    • Summer School
    • EFFAS CESG Conference
    • EFFAS Governance Meetings
  • Papers
    • EFFAS Standard Setter
    • EFFAS Position Papers
    • Articles
    • Videos
  • Education And Qualification
    • Certified European Financial Analyst (CEFA)
    • EFFAS Certified ESG Analyst (CESGA®)
    • Financial Modelling Certifications (MODEX)
    • Certified International Investment Analyst (CIIA)
    • EFFAS E-Learning Platform
    • EFFAS Common Exams
    • Scholarships and Grants
  • News and Press Center
    • News and Press Center
    • EFFAS Newsletter
    • ESG News Bulletin
    • Financial Regulation and Funds Newsletter
  • Jobs offers
    • United kingdom
    • Germany
    • France
    • Spain
    • Hungary
  • Legal
    • Privacy and Cookies Policy
    • Legal Notice
  • Summer School
  • Contact
  • Home
  • About Us
    • Executive Management Committee
    • EFFAS Charter
    • Annual Reports
    • Principles Of Ethical Conduct
    • Commissions
      • CESG - Environment, Social and Governance
      • CMC - Capital Markets
      • CFR - Commission on Financial Reporting
      • TQC - Training and Qualification
    • International Relationships
    • History
    • Main Activities
    • Member Societies
    • Arbitration Board
    • Our Partners
  • Events
    • Seminars & Conferences
    • Summer School
    • EFFAS CESG Conference
    • EFFAS Governance Meetings
  • Papers
    • EFFAS Standard Setter
    • EFFAS Position Papers
    • Articles
    • Videos
  • Education And Qualification
    • Certified European Financial Analyst (CEFA)
    • EFFAS Certified ESG Analyst (CESGA®)
    • Financial Modelling Certifications (MODEX)
    • Certified International Investment Analyst (CIIA)
    • EFFAS E-Learning Platform
    • EFFAS Common Exams
    • Scholarships and Grants
  • News and Press Center
    • News and Press Center
    • EFFAS Newsletter
    • ESG News Bulletin
    • Financial Regulation and Funds Newsletter
  • Jobs offers
    • United kingdom
    • Germany
    • France
    • Spain
    • Hungary
  • Legal
    • Privacy and Cookies Policy
    • Legal Notice
  • Summer School
  • Contact
  1. Home
  2. Education And Qualification
  3. Certified European Financial Analyst (CEFA)

Certified European Financial Analyst (CEFA)

effas-home-08

CEFA at a glance

The Certified European Financial Analyst Diploma was set up in 1991. It is accredited in 27 European countries as well as in Argentina and Brazil. The CEFA is well recognized by employers and is a benchmarked qualification with challenging exams, ensuring the acquisition of the major professional skills that candidates need. The CEFA is quality controlled by the EFFAS Review Panel. Our Diploma respects local market requirements, conditions and characteristics as well as individual cultures. That is why the CEFA Diploma designation is recognised by the Financial Conduct Authority FCA in the UK, the Regulators of Financial Services in Malta, Greece, Portugal Brazil, and Argentina. This accreditation also meets the current regulatory requirements of the CNMV in Spain with respect to personnel who carry out investment advisory work in financial institutions.

The training includes both; relevant material to the investment profession (irrespective of where such professionals are located) and a significant coverage of regulatory and market structure material that is closely related to the European marketplace. To date, over 16,000 professionals are CEFA holders.

Download the CEFA Brochure HERE (PDF)

How to become a CEFA Holder

Step 1: Enroll in the CEFA Programme offered by an accredited EFFAS National Member Society. If you are located in a country without an NMS please contact EFFAS Head Office for support (office@effas.com)

Prerequisite:

  • University Degree (bachelor’s degree) or 3 years of experience in a relevant field to the financial profession.
  • Present a detailed CV properly documented accompanied with an official ID card.

Step 2:

  • Pass the exams based on the CEFA syllabus organized by an accredited EFFAS National Member Society.
  • Alternatively pass the CEFA Common Exam organized by EFFAS.

Step 3:

  • Adhere to the EFFAS Code of Ethics or the National Member Society´s equivalent

Step 4:

  • Prove 1 year of professional work experience in financial analysis, portfolio management and/or investment in general (accrued before, during, or after participation in the CEFA Programme)

Programme objective

The main objective of the programme as a whole is to provide a uniform high-level standard of training for investment professionals within Europe with a strong focus on advanced investment analysis, portfolio management, ethical standards and decision-making skills

To whom is it intended (Potential candidates)

The CEFA Diploma Designation is particularly aimed for professionals involved in:

Financial analysts, asset managers with asset management companies, pensions funds, life insurance companies, wealth management companies; financial researchers; corporate finance specialists and treasurers; financial journalists; professionals involved in legislation / regulation of the above mentioned fields; professionals already working in the investment sector but looking for more specific qualification.

Programme overview

The CEFA programme is structured in 10 topic areas:

  • vPart 1: Equity valuation and analysis
  • vPart 2: Financial accounting and statement analysis
  • vPart 3: Corporate Finance
  • vPart 4: Fixed income valuation and analysis
  • vPart 5: Economics
  • vPart 6: Derivative valuation and analysis
  • vPart 7: Portfolio management
  • vPart 8: European regulation
  • vPart 9: Ethics
  • vPart 10: National component

Download the complete CEFA Syllabus HERE (PDF)

How to register

Please note that training and exams are locally organized by the EFFAS accredited National Member Societies. Please contact the participating NMS in your country.

The complete list of countries with a participating NMS can be found HERE.

If there is no NMS in your country please contact EFFAS Head Office for support (office@effas.com).

Navigation

  • Certified European Financial Analyst (CEFA)
  • EFFAS Certified ESG Analyst (CESGA®)
  • Financial Modelling Certifications (MODEX)
  • Certified International Investment Analyst (CIIA)
  • EFFAS E-Learning Platform
  • EFFAS Common Exams
  • Scholarships and Grants

Legal

  • Privacy and Cookies Policy
  • Legal Notice

About Us

  • Charter
  • Annual Records
  • Principles of Ethical Conduct
  • Commissions

Training

  • Certified European Financial
    Analyst (CEFA)
  • Certified Enviromental Social and Governance Analysts (CESGA)
  • Financial Modelling Certifications
    (Modex)
  • Certified International Investment
    Analyst (CIIA)

Other

  • Events
  • Papers
  • News and Press Center
  • TQC
Copyright © 2021 EFFAS : European Federation of Financial Analysts Societies. All Rights Reserved.