The European Federation of Financial Analysts Societies (EFFAS) counts 26 national associations of financial analysts coming from the European continent. According to the survey recently launched and thanks to the data collected from 19 national members’ associations of EFFAS, the rate of employability of its partners reaches 99%.
From this survey 7,300 associates out of 11,719 within these 19 countries, 29% of them pursue their professional activities as financial analysts; 28% are engaged in asset management; 17% are advisors and financial planners; 11% occupy management positions; 7% are professionals in investment banking and corporate finance; and 7% are engaged in other activities as traders, teachers, professionals of the financial information or investor relations.
The largest professional groups, according to the survey, are fund managers and portfolio managers, representing 23%; followed by equity analysts (16%); advisors and financial planners (9.5%); private banking and wealth managers (7.5%); analysts from investment banking and corporate finance professionals (5.5%); senior managers (4.7%); analysts debt and fixed income (4.5%); risk managers (4%); and finally traders (3.8%).
EFFAS and the financial qualifications
One of EFFAS´s founding objectives is the promotion of higher qualifications and ethical behavior of European financial professionals, for what EFFAS promotes a number of accreditations in different specialties, which are among the most recognized in the industry at international level. This includes certifications such as the Certified European Financial Analyst (CEFA); the Certified European Environmental Social Governance (ESG) and the certification in Risk Management.
The European Federation of Financial Analysts gives financial support to participate in the preparatory courses for the Certified European Financial Analyst (CEFA) Diploma. Throughout its 20 years of existence, nearly 14,000 professionals have earned this accreditation, the most prestigious in Europe in the field of financial analysis.
The scholarship program promotes the quality of the candidates and equal opportunities, so that no student, professional or highly skilled investigator renounce from enrolling for the CEFA for economic reasons. The grants cover the cost of the certification offered by EFFAS and the textbooks for courses and exams. Candidates must choose a training program offered by any national member association of EFFAS for examination preparation.