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CFA Institute CEO Says Analysts Need Practical Experience

Sept. 27 (Bloomberg) -- Chartered Financial Analysts would benefit more from experience working with clients rather than a broader training program, CFA Institute Chief Executive Officer John Rogers said.

“There’s only so much we can teach,” Rogers said today in a speech for the Economic Club of Canada in Toronto. “No one would claim that having technical expertise is enough to qualify you to be a professional, in any practice.”

Rogers said analysts need to work with clients in addition to going through about 1,200 hours of training to gain the Chartered Financial Analyst designation. He said the CFA Institute’s curriculum is “constantly evolving.”

More than 17,000 people registered with the CFA Institute in Canada this fiscal year, Rogers said. Canada has the world’s third-highest membership for the institute, he said.

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; David Scheer at dscheer@bloomberg.net

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