Q1. What is CFA?
Q1. What is CFA?
Ans:-  The Chartered Financial Analyst (CFA) Program is a professional credential offered internationally by the American-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals. The program covers a broad range of topics relating to investment management, financial analysis, stocks, bonds and derivatives, and provides a generalist knowledge of other areas of finance.
Q2. What are the fees involved in CFA?
Ans:- Taking the CFA is much cheaper than getting your MBA. Each test costs between $1,000 and $1,500 depending on how early you register (the earlier, the cheaper). That cost includes a prep book, but some people elect to take a class as well, which will cost you extra, of course.
Q3. What is the process to apply for CFA?
Ans:- -Pass all three levels of the CFA exam in succession.
-Acquire 48 months of “acceptable professional work experience”
-Join the CFA Institute, which includes completing a professional conduct statement and affiliate with a local chapter. (To view the complete list of steps, visit the CFA Institute’s website.)
CFA website :- https://www.cfainstitute.org/pages/index.aspx
 
Q4. What is the outcome after completion of CFA?
Ans:- – An Introduction To The CFA Designation. The Chartered Financial Analyst (CFA) designation is regarded by most to be the key certification for investment professionals, especially in the areas of research and portfolio management. It is, however, one of many designations used today.
Q5. What are salary package one can accept after completion of CFA?
Ans:- CFA Salary in the USA. CFA certification is a globally acknowledged credential in finance. A CFA holder in the United States has the scope of earning more than $100,000 annually. According to industry experts and job search engines, a newbie with a CFA earns an average of $47,000 – $52,000 annually.
Q6. What is the duration of CFA?
Ans:- CFA® Course Duration: To earn a CFA® charter, one has to give a series of sequential exams Level I, Level II, and Level III. The minimum duration to clear all three exams takes about 2 years.
 
APS
Q1. What is APS?
Ans:- The Australian Psychological Society (APS) is a professional association of psychologists in Australia. The APS has more than 20,500 members, making it the largest professional body representing psychologists in Australia. It has a code of ethics which APS members must agree to abide by and a recommendation of appropriate fees charged for services.
Q2. How to apply for Membership?
Ans;- The standard route to full membership (MAPS) of the APS involves six years of Australian Psychology Accreditation Council (APAC) accredited study including a two years masters program in a selected specialization. The postgraduate training must be in one of the following nine specialist areas of psychology as recognized by the APS and reflected by their colleges (in alphabetical order): clinical neuropsychology, clinical psychology, community psychology, counseling psychology, educational and developmental psychology, forensic psychology, health psychology, organizational psychology, and sports psychology. Alternate routes are available for those who have had gained experience and reputation in the field of psychology, including practitioners who have gained specialized expertise in a particular psychological area and academics who have made substantial contributions having published in psychological journals.
 
 
Q3. What are the other levels of Membership?
Ans:-  Other levels of membership are available, such as associate membership (Assoc. MAPS),which is normally available to those who completed four years of APAC accredited undergraduate study. Affiliate membership requires a three-year sequence of study in an APAC approved course in psychology.
Undergraduate students studying any APAC accredited psychology units are eligible to become APS student subscribers. This subscription is dependent on continuing study in psychology.
Around 60% of all state registered psychologists are APS members, and student subscribers represent 12% of members. Of this, the gender breakdown by members is 74% female and 26% male
 
Actuarial studies:-
Q1.What is Actuarial Studies?
Ans:- Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations.
Q2. What are the interrelated Subjects in Actuarial Studies?
Ans:- Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, and computer science. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory.
Q3.  What is the process?
Ans:- :- The actuarial education program in Australia is made up of three parts.
Part I can be completed by:

  • studying an undergraduate actuarial degree at one of six accredited Australian universities;
  • distance examination through the Institute and Faculty of Actuaries in the UK; or

credit transfer from another actuarial society
Part II is an innovative means for learning how to apply actuarial skills to a range of problems in commercial and business environments. This program is taught by five accredited Australian universities.
Part III is offered by distance through the Actuaries Institute.   It builds on Part I and II, where students learn concepts, processes and technical skills. Part III teaches students how to apply those skills and complete studies in specialist areas of practice.
Q4.What are the steps to AssociateShip ?
Ans:- To become an Associate (AIAA), members need to complete:

Members who meet the Associate requirements introduced from 1 January 2010, also meet the requirements to use the designation ‘Actuary’.
 
Part 1:- Part 1 consists of eight core technical (CT) subjects:

  • CT1 – Financial Mathematics
  • CT2 – Finance and Financial Reporting
  • CT3 – Probability and Mathematical Statistics
  • CT4 – Models
  • CT5 – Contingencies
  • CT6 – Statistical Methods
  • CT7 – Business Economics
  • CT8 – Financial Economics

The eight core technical exams that make up Part I can be completed through the various study pathways  available for students to gain their exemptions.
Part I may be completed by:

Part 2. The Institute’s Part II syllabus changed from 1 January 2011. The previous Part II syllabus will continue to be known as Part II – The Actuarial Control Cycle.
Part II now consists of:

  • Part IIA – The Actuarial Control Cycle; and
  • Part IIB – Investment and Asset Modelling

Universities Accredited by the Actuaries Institute
Seven Australian universities currently offer accredited education programs that cover the Institute’s Part I syllabus. Students may be granted exemption from Part I based on university grades that are consistent with Institute standards.

University Requirement
Australian National University A credit Average
Bond University A credit Average with the minimum of pass for each subject
Curtin university An average of at least 73% with minimum of marks of 73% for CT1 and CT6 subject and 65% for all other Subject
Macquarie University A Credit average. Where more than one subject is required to meet the professional exam requirements, a minimum of 60 on each subject is required except for CT2 and CT7 Where a minimum of 65% for all other subject.
Monash University A Distinction average, with a minimum credit grade for each subject.
University of Melbourne An average approximating 73%, with a minimum of 73% for CT2, CT3 and CT7 subjects
University of New South Wales A Credit average

Universities Group?
Q1. What is group of eight(GO8)? Which all universities are the members of Group of eight University?
Ans:- The Group of Eight (go8) markets itself as the group of ‘Australia’s Leading Universities’. They support this claim by referring to statistics relating to variables such as research outputs, industry links, graduate outcomes, and the standing of their academic staff. The group of 8 member universities are:

·         The University of Adelaide
·         The Australian National University
·         The University of Melbourne
·         Monash University
·         The University of New South Wales
·         The University of Queensland
·         The University of Sydney
·         The University of Western Australia

Each of these member universities is well regarded in a number of different areas and together they form a powerful bloc. There have been discussions about some formal recognition of the status of this group in ways such as increased government support or from the group itself developing its own standards framework. Nothing has come of these discussions yet, although it is likely that something will emerge as the competition in the higher education sector becomes more intense.
Q2.  What is Australian Technology Network (ATN)?
Ans:- The Australian Technology Network (ATN) is a coalition of five Australian universities that share a common focus on the practical application of tertiary studies and research. The network claims they have a special strength in the way each of the member universities is focused on producing practical outcomes through their academic activity. The result is graduates and research that is closely aligned to the needs of industry and the wider society. The member universities of this network are:

·         Curtin University of Technology
·         University of South Australia
·         RMIT University
·         University of Technology Sydney
·         Queensland University of Technology

These universities share a common background in the way they distinguished themselves as technical colleges before becoming accredited universities. It is from this background that the universities have been able to develop a framework of flexibility and innovation that continues to deliver practical results.