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CEFA – Certified European Financial Analyst

Improve Your Financial and Analytical Competence and Become a CEFA Holder

The Certified European Financial Analyst (CEFA) program provides uniform high-level standardized training for investment and finance professionals leading to the highly respected CEFA qualification, which is accredited in 27 European countries. The program provides a valuable opportunity for all investment and financial professionals who want to develop, supplement, or maintain their analytical skills. 

The CEFA syllabus covers 10 key topic areas that together enable participants to face the emerging challenges of the profession:

  • Financial Accounting and Financial Statement Analysis
  • Equity Valuation and Analysis 
  • Corporate Finance 
  • Fixed Income Valuation and Analysis
  • Economics
  • Derivative Valuation and Analysis
  • Portfolio Management
  • European Regulations
  • Ethics
  • National Component

The program is organized by the Finnish Association of Financial Analysts in cooperation with Aalto University Executive Education Ltd. The umbrella organization for the CEFA program is the European Association of Financial Analysts (EFFAS). CEFA programs have been organized in Finland for more than 20 years and have been completed by more than 400 investment professionals.

Participants who pass all the required examinations and have the required work experience will be entitled to use the CEFA title. 
 

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The program provides you with uniform high-level competencies and entitles you to use the well-known CEFA title.

CEFA programs have been organized in Finland for more than 20 years and have been completed by more than 400 investment professionals. 

Successful completion of the CEFA program will earn you 13,5 European Credits towards our Aalto Executive MBA or Aalto MBA programs.

Benefits

The CEFA program gives you comprehensive and extensive competencies to perform demanding analytical work. The program offers new tools to the financial sector for combining theory and practice and helps ensure the quality of future work.

Get a comprehensive picture of financial sector dependencies and relationships
Expand, deepen, and renew your professional skills
Earn the right to use the highly regarded CEFA title
Grow your network and share experiences with your financial professional colleagues

For

The CEFA program is designed for investment and financial professionals who wish to develop, supplement, or maintain their analytical skills.

The program is particularly aimed at experts involved in financial analysis, asset management, pension funds, life insurance, wealth management, financial research, corporate finance, financial journalism, and financial legislation/regulation. 

Contents and Schedule

The CEFA program consists of four modules with a total of nine training days. The modules are structured according to EFFAS requirements. Each of the first three modules includes pre-readings, three training days, and self-study. The fourth module is implemented as independent study.

Successful completion of the CEFA program will earn you 13,5 European Credits towards our Aalto Executive MBA or Aalto MBA programs.

Program Structure

Pre-module period

Individual preparation and pre-readings

Three-day modules

Intensive face-to-face sessions with Aalto EE and Aalto University instructors

Post-module period of 4 weeks

Individual preparation and study for exam

Modules and Examination Days

Program Fee and Registration

Program start