News

Posted 10.11.06

Paul Harrison Stropkay, MBA '99, a Vice President at Harvey Investment Company, LLC in Louisville, KY, has earned the prestigious Chartered Financial Analyst® (CFA®) designation.

The CFA charter is a globally recognized credential for investment analysis and management. The CFA program sets a globally recognized standard for measuring the competence and integrity of financial analysts, portfolio managers, and investment advisers. Currently, more than 69,000 investment professionals in 120 nations and territories hold the CFA charter. Recipients of the CFA charter have successfully completed a graduate-level, self-study curriculum and series of three intensive examinations taken sequentially over at least two years. It is recommended that candidates prepare a minimum of 250 hours per exam, with substantially more recommended for individual circumstances.

Since the inception of the CFA program 44 years ago, pass rates at each of the three exam levels have averaged about 52 percent. Because of the rigor of the program, only about one in five candidates who enter the program pass all three exams and successfully complete all the requirements to earn the charter. Administered exclusively in English, the international language of business, the three, six-hour exams cover ethical and professional standards, securities analysis and valuation, financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement.

Stropkay has worked in the financial industry for over twelve years. After graduating from Miami University in 1993, Stropkay began his financial career at Fifth Third Bank in Cincinnati, Ohio. In 1999, Stropkay received an MBA from the Weatherhead School of Management and joined the corporate finance group at NatCity Investments in Cleveland, Ohio, where he acquired experience in investment banking and mergers and acquisitions. Currently, Stropkay conducts buy-side research and portfolio management for the clients of Harvey Investment Company where he is a Vice President. "I am thrilled to finally receive my charter and I think my wife and sons are even happier about it than I am," Stropkay said. "

The CFA charter represents the successful culmination of hundreds of hours of study and demonstrates commitment to competence, professionalism, and ethics." The CFA program is administered worldwide by CFA Institute, a not-for-profit professional association with offices in Virginia, New York, London, and Hong Kong. Robert R. Johnson, PhD, CFA, managing director of the CFA and CGIPS Programs Division, explained what motivates candidates to make such a significant investment of their time and energy to seek to earn the CFA designation. “For more than 40 years, candidates have sought to earn the CFA charter for two chief reasons,” Johnson said, “one, to expand and test their knowledge of current practice across a broad range of investment topics, and two, to demonstrate to clients, employers and peers their mastery of a demanding body of knowledge."

About CFA Institute:   CFA Institute is the global, not-for-profit professional association that administers the CFA curriculum and examination program worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 84,000 members in 128 countries. Its membership includes the world’s 69,000 CFA charterholders, as well as 134 affiliated professional societies in 55 countries. CFA Institute is headquartered in Charlottesville, Va., with additional offices in London and Hong Kong. More information may be found at www.cfainstitute.org.

 

News Archives: