OSWEGO — SUNY Oswego has become the latest college accepted for the CFA Institute’s University Recognition Program, signifying its School of Business’ bachelor of science degree in finance strongly positions graduates to obtain the rigorous and prestigious professional Chartered Financial Analyst credential.
The program also makes Oswego eligible for up to five CFA Institute scholarships a year for senior finance majors. The CFA Institute is a global association of professional analysts that administers the CFA charter and champions ethical behavior in the financial markets.
Dr. Mary Tone Rogers, a CFA charterholder and the college’s Marcia Belmar Willock ’50 Endowed Visiting Assistant Professor of Finance, said she is excited SUNY Oswego has joined colleges and universities from around the world recognized as incorporating the body of knowledge necessary for the CFA examinations in its finance curriculum.
“The mission of the School of Business is to motivate and prepare students for careers in the business world,” Rodgers said. “Preparing them for professional credentialing is a task that comes out of that mission.”
Dr. Stephen Horan, the CFA Institute’s managing director and co-lead for education, said investment experts worldwide have identified a “candidate body of knowledge” for the CFA exams that positions students at colleges and universities in the University Recognition Program for career best practices.
“By mastering the fundamentals of the CFA program as well as the Code of Ethics and Standards of Practice, these future investment professionals join us in our mission to promote the highest standards of ethics, education and professional excellence for the ultimate benefit of society,” Horan said.
Rodgers, a former vice president of asset management at Merrill Lynch, pointed out that the CFA designation — obtained after completion of three levels of rigorous exams, at least four years of qualified investment work experience and other requirements — is international in scope.
“This is huge for our continued outreach to international students,” said Rodgers, who has served on CFA committees for the past decade. “They can take the skillset back to their home countries and be confident when they sit for the (first-level) exam.”
CFA Institute scholarships for students in qualifying degree programs at institutions in the University Recognition Program carry a $1,000 reduction in the fee for recipients taking the first-level CFA exam as graduating seniors.
Besides SUNY Oswego, other colleges and universities with finance-related programs in the University Recognition Program include Arkansas, Brigham Young, Clemson and Rhode Island, among others, and institutions in Austria, Egypt, England, Hong Kong, Mexico, Thailand and other nations.
The SUNY Oswego School of Business, accredited by the Association for the Advancement of Collegiate Schools of Business since 2002, offers a range of undergraduate programs, interdisciplinary majors and multifaceted and flexible master of business administration programs, including five-year combined bachelor’s and MBA degrees, an online MBA and a new MBA in health services administration.