There is a shortage of financial professionals skilled in using artificial intelligence and machine learning, and the CFA Institute is betting the new certification could change that.
Best known for its rigorous three-level homonymous qualification, the institute announced on wednesday Having created another data science certificate for investment professionals. While anyone, not just CFA charter holders, is eligible to obtain a certificate, the CFA Institute is aimed at analysts, portfolio managers and traders. Data science knowledge is not required to qualify for a certificate.
To obtain a certificate, participants must complete five courses totaling approximately 100 hours and pass a 90-minute assessment. Through instructional videos, coding labs, and case studies from industry practitioners, participants will explain and evaluate machine learning techniques, develop visualizations using the programming languages Python and R, and use natural language processing to make investment decisions Learn how. You’ll also learn how to explain techniques to non-experts and evaluate biases in machine learning.
It takes participants one year to complete the course and costs $1,599.
The CFA Institute Annual Report states: Last year’s career reportnearly two-thirds of investment professionals surveyed said they were interested in AI and machine learning, but only 3% said they were already proficient with the concepts.
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“Data science has taken the investment industry by storm, but currently only about one in four investment professionals interested in acquiring the necessary knowledge are actively doing so. As IT continues to adapt to the rapidly changing dynamics of the AI, Big Data and Machine Learning environment, everyone in an investment role needs to understand how data science techniques can be put to use. .” At the CFA Institute.
Certificates address the skills gap, Fernando said.
“Learners will be armed with the knowledge to understand the application of data science in the investment process and a language that allows them to explain and translate machine learning concepts and their application to real-world investment problems. , will be important for professionals who want to find themselves in the growing number of jobs found at the intersection of data science and investment management.”
The new certificate will be certified by CFA Institute as “Largest single package of changes“In the history of the organization to the qualification program.” Among the changes was the introduction of specialized tracks to the Level III exam, including Private Wealth Management, Private Markets, and the Traditional Portfolio Management path.
