Global recognition for Business School programme

09 September 2011

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The University of Auckland’s top commerce students will soon be able to join an elite international initiative, with the announcement this month that their Business School programme has been officially named a CFA partner.

CFA – a Hong Kong-based global association for investment professionals seeking to set the highest standards of ethics, education and professional excellence – has announced that the Business School will become its latest partner institution. The decision is recognition of the University’s prominence as a thought-leader in the academic and professional investment management communities.

Membership means that students, employers and the marketplace will know that the Business School’s curriculum is closely tied to professional practice, and that studying at The University of Auckland will prepare students for global careers, CFA says.

The programme, which covers financial analysts, portfolio managers, investment advisers and other investment professionals, is widely considered to be the industry’s most rigorous credentialling programme.
“We are very pleased to be able to partner with the CFA Institute in this way,” Business School Dean Professor Greg Whittred says.

“The CFA Charter represents global designation in the financial sector, and provides important external validation for the relevance and impact of the Business School programmes."

CFA Institute’s managing director of Asia-Pacific Operations Ashvin Vibhakar says students involved in the Bachelor of Commerce with a major in Finance will now be exposed to CFA’s concepts and principles that have been identified by investment experts worldwide as essential to global practice.

“By mastering the fundamentals, students will be well on their way to earning the highly-valued CFA charter,” Vibhakar says.

The School’s Department of Accounting and Finance head, Professor David Hay, says fewer than one-in-five candidates who begin the CFA programme successfully complete it. More than 100,000 members in 137 countries are part of the initiative, along with 135 affiliated professional societies in 58 countries and territories.

Launched in 2006, the CFA programme now has 135 partner institutions around the world, including 32 in the Asia-Pacific region. Students in the programmes gain access to CFA textbooks, journals, webcasts and other educational resources.