Main certifications for working in the financial market

The certifications to work in the financial market tend to bring concerns to professionals quite frequently, especially for beginners.

This is because some people say that it is not possible to operate in the market without them, and with an infinite number of options, it can be difficult to decide which ones to do.

With that in mind, today we will look at the main certifications needed to get started in the field and even evolve professionally. 

If this is what you need, then keep reading!

What are certifications for working in the financial market?

Have you ever stopped to think about the level of responsibility that a financial market professional carries? 

Problems in administration, or even inadequate recommendations can cause losses, and when this loss is for a client, the matter changes.

For example, let's say you went to an investment advisor and trusted his recommendation. But the investment made a loss. What would your reaction be?

You would certainly be very angry and even hold the professional responsible, after all, risk assessment was one of his responsibilities.

The same goes for other areas, after all, who has never been irritated for having contracted a service that was not explained properly, which resulted in unforeseen fees and charges?

Certifications for working in the financial market serve precisely to ensure that the professional has full competence to deal with financial operations, in the area corresponding to the certification.

Therefore, the more certifications a professional has, the greater their level of experience, which guarantees them opportunities and, especially, security in their professional life.

Are certifications mandatory to work in the financial market?

Especially if you are not yet working in the field, it is common to have doubts about the mandatory nature of certifications.

This is because it is very difficult to find a professional in the finance sector who does not have certifications, which leaves room for the interpretation that this is mandatory.

But it is worth mentioning that it depends. This is because certifications do not represent official mandatory training, like a higher education course, for example.

However, most job vacancies in the market require certifications, whether they are more common or even specific.

Therefore, although they are not mandatory to work in the field, it can be very difficult to get a job without them.

Furthermore, if you intend to work independently, you should pay attention to some details:

1. Certifications also serve to protect you from possible liability lawsuits, after all, you have the “diploma” to perform a certain function or provide a service.
2. Some areas have certifications as a requirement, so working without them results in irregularity.

Therefore, it is important that you check which area you want to work in, and how this mandatory issue works, in order to guarantee opportunities and avoid problems.

This may interest you: Low-risk investments: what are the best options? – Valorizei.

Main certifications for working in the financial market 

Now that you know what certifications are required to work in the financial market, we just need to present some of the main ones.

It is worth mentioning that the financial market is full of certifications, but none of them are free.

So, just going out and getting certifications may not be a good idea, as it can be expensive and not help you in the area in which you intend to work.

So, we will now look at the main ones, which usually apply to most areas, which will help you in the beginning. As for the others, you will be able to identify the need yourself, as you progress in your career.

CPA-10 and CPA-20

CPA-10 and CPA-20 are certifications offered by Anbima, and are especially suitable for professionals who work in bank branches in the retail sector.

Both are aimed at the investment sector, and aim to provide certification for both basic knowledge of the area itself, as well as important principles of ethics, regulation and other essential points.

It is worth mentioning that they are independent certifications, so they must be done separately and, consequently, each one must be paid for.

CEA

The CEA (Anbima Investment Specialist Certification) is also a certification offered by Anbima, and is basically a more advanced version of the CPA-10 and CPA-20.

The idea is to offer professionals the skills and knowledge necessary to manage client accounts.

So, this is an essential certification for anyone who wants to work in consulting, or even management.

CGA

The CGA (Anbima Managers Certification) is a certification aimed at professionals who wish to work in management, and aims to promote knowledge in the areas of resource, risk and internal product management.

Furthermore, the certification also qualifies professionals in the compliance sector, which guarantees compliance in their work.

CFA

Many consider the CFA (Chartered Financial Analyst) to be the most important certification in the financial market, as it is internationally recognized.

This is a certification from the CFA Institute and offers complete training, as it includes general and complete knowledge of the financial market.

Especially if you are aiming for an international career, this is certainly a training that should be part of your CV.

It is worth mentioning that the investment is high, and obtaining certification is not so simple, as it requires the completion of several steps, in addition to proving mastery of knowledge.

Is it possible to get these certifications for free?

Finally, after learning about the certifications, you may wonder if it is possible to obtain the certifications for free.

And, it is important to say that none of them are free, so if you want to do it yourself, you will have to bear the costs.

However, some companies and institutions tend to offer certifications to employees, which is common in financial institutions, for example.

Therefore, if you manage to enter without certification, you may be able to do so through incentives within the company itself, but this is not a guarantee, and not all companies offer this “benefit”.

Furthermore, it is important to add that many of the certifications require renewal, so in addition to the costs of obtaining them, you must also prepare to maintain them.

However, all of this will be observed in your day-to-day professional life, so evaluate the possibilities and choose the certifications to work in the financial market that best meet your needs, and you will certainly have a promising career!

+Read also: Smart investments for 2024: Where to put your money? – Valorizei.