College of Business: University of Illinois at Urbana-Champaign

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MSF Program recognized as CFA Program Partner


Urbana, Ill., March 14, 2008 — CFA Institute announced that the University of Illinois Master of Science in Finance Program is a CFA Program Partner and will offer a degree program that covers at least 70 percent of the CFA Program Candidate Body of Knowledge, the CFA Institute ethical and professional standards, and other requirements.

"Students in this program are exposed to the Candidate Body of Knowledge, concepts and principles that have been identified by investment experts worldwide as essential to global practice," said Bob Johnson, CFA, deputy CEO of CFA Institute.  "By mastering these fundamentals of the CFA Program, students will be well on their way to earning the highly-valued CFA charter."

Recognition as a CFA Program Partner signals to potential students, employers, and the marketplace that the university curriculum is closely tied to professional practice and is well-suited to preparing students to sit for the three levels of CFA examinations.

Established in 1958, the Illinois MSF is among the longest running programs of its type in the world. The curriculum, which can be completed after 12 months of rigorous, full-time study, is taught by internationally recognized finance faculty and provides an opportunity to study with an international peer group at one of the premier, public research institutions in the world.

"We are honored to be part of the CFA Partner Program," said David Ikenberry, Chair of the Department of Finance in the College of Business at UIUC. "The CFA designation is widely regarded as the most rigorous of professional finance qualifications, and is recognized globally as the pre-eminent professional program for those working in the investment industry."

George Pinteris, Academic Director of the Master of Science in Finance Program, said recognition as a CFA Program Partner signals to potential students, employers, and the marketplace that the MSF curriculum is closely tied to professional practice and is well-suited to preparing students to sit for the three levels of CFA examinations.

"The CFA charter is highly valued not only due to its relevancy to the investment profession, but also due to the fact that the program of study upholds candidates and charterholders to the highest standards of ethics and professional conduct."

Students in the program will gain access to CFA Institute textbooks, journals, webcasts, and other educational resources. Students will also benefit from professional development events held in conjunction with CFA Society of Chicago.

"Job candidates with both advanced degrees and professional certification are more in demand than ever," said Arch King, CFA, senior vice president at Northern Trust Global Investments and chairman of CFA Society of Chicago.  "Students trained in their academic studies on the Candidate Body of Knowledge have a strong foundation for preparing for the CFA examinations.  This is a great benefit to advance and succeed in the financial industry’s competitive job market."

CFA Program Partners

The CFA Program Partner initiative was launched 4 April 2006 with the announcement of Saïd Business School at the University of Oxford as the inaugural CFA Program Partner.  Since then, CFA Program Partner institutions have been recognized on six continents.

About the CFA Program

The CFA Program sets a standard for developing the skills, standards, competence, and integrity of financial analysts, portfolio managers, investment advisers, and other investment professionals worldwide.  It is widely considered the investment profession’s most rigorous credentialing program.  Administered in English, the CFA curriculum and examinations are identical worldwide.  Fewer than one in five candidates who begin the program successfully complete it and go on to earn the coveted CFA charter, the "gold standard" for investment professionals.

About CFA Institute

CFA Institute is the global membership association that administers the Chartered Financial Analyst® (CFA®) and Certificate in Investment Performance Measurement (CIPM) curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 94,000 members, who include the world’s 82,000 CFA charterholders, in 133 countries and territories, as well as 135 affiliated professional societies in 56 countries and territories. More information may be found at (Bloomberg users can find CFA Institute at 497458Z).

About the University of Illinois

Since its founding in 1867, the University of Illinois at Urbana-Champaign has been committed to excellence in research, teaching, and public engagement. The flagship public university in the state, the University of Illinois is well known for outstanding programs in science, engineering, and agriculture, as well as in business and the liberal arts. The home of the National Center for Supercomputing Applications, UIUC has distinguished itself as a leader in computer and information technology. Excellence in teaching and research is supported by a world -class library collection that is the third largest academic library in the nation.

About the College of Business

Internationally recognized as one of the leading business schools, the College of Business at the University of Illinois at Urbana-Champaign has outstanding programs in accountancy, business administration, and finance. The College enrolls approximately 2,800 undergraduates and 1,000 graduate students in MBA, master’s, and doctoral programs.

Related Information:

CFA Program Partner Initiative

UIUC College of Business