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It’s credential inflation. Most jobs asking for CFA don’t even require it.
Definitely not required for all jobs, but I think what hiring people believe (and it is kind of correct) is that Level 1/2 is equivalent to having a bachelor’s or master’s in finance – i.e., you know fundamental accounting, finance, macroeconomics, and have an understanding of other topics like bonds, derivatives, etc. The CFA is not the only way to gain these skills, but I think it provides a standard, tested level of understanding.