Questions on AI to be added to Chartered Financial Analyst (CFA) exams in 2019
Posted: 24 May 2017 | By Darcie Thompson-Fields
From 2019, THE Chartered Financial Analyst (CFA) institute is to include questions on AI artificial intelligence, automated investment services and mining unconventional sources of data to its examinations for the first time.
The CFA Institute is a global association of investment professionals, and passing its exams (three) is considered to be a globally recognised standard for measuring the competence and integrity of financial analysts – ranging from wealth advisers to Wall Street analysts.The CFA employs more than 500 staff globally (US, Europe and the Asia Pacific region).
According to Reuters, who broke the story, the new topics will be added alongside previous ones like algorithmic and high-frequency trading.
Stephen Horan, managing director of credentialing for the CFA Institute, told Reuters:
“Candidates will not be expected to code computer programs, but rather distinguish between structured and unstructured data analytic methods as well as identify characteristics of robust investment algorithms,” Horan said in an emailed statement.
“FinTech will soon play a more prominent role in the education of upcoming financial professionals.”
AI and machine learning have played a key role in the decision making process for companies operating in the financial space for a number of years – using computer technology to help spot trends and patterns to assist their decision making.
Horan added that more and more people from technology backgrounds are now moving into the space, and taking the CFA examinations. A record 190,000 people are set to sit the exam in June, with around 6 in 10 typically failing – the article reported.