12/1/12

This article is originally from 300Hours.com. You can read the full article here.

Warning: this is a ranty post.

This article has a go at well-meaning friends, family and colleagues, whom probably only want the best for me and are just concerned about me when I was tearing my hair out as a CFA candidate.

But sometimes the stuff that people say to me as a CFA candidate makes me want to bash my head against a wall. Or bash theirs instead.

Here are my top 10. What are yours?


#1: "Don't worry, I'm sure you'll pass."
This is by far the number one offender for me. To be fair, this is the default option when you can't really think of anything else to say. Which is usually the case. But still - I've not used this comment for anyone else taking the CFA after taking it myself. Derivatives include:
  • "Oh, you're so smart! You'll do fine."
  • "You always worry about exams and you always do well."

#2: "It's only Level I! It's easy!"
Oh for God's sake, shut up.

This isn't actually restricted to just Level I. Comments I got in Levels II and III include:

  • "It's Level II! You've already passed Level I, so you know you can do it!"
  • "It's Level III! You've already passed 2, it'll be easy!"

#3 : "Oh, the exam isn't until June/Dec, you have PLENTY of time."
I know they're trying to reassure me. But hearing this from someone who's never taken the CFA, I'm gonna think: You have no idea what you're talking about. Hearing this from someone who's taken the CFA before, I'm gonna think: Easy for you to say, you're done. Then proceed to continue freaking out. It's a guaranteed no-win situation.

#4: "You've studied so much already. There's NO WAY you'll fail."
I do beg your pardon, but you don't know what you're talking about. No, strike that, you're right. The ones that failed (more than 50% of them) must have just sat on their asses then.

#5: "Maybe you're overstudying? Be careful not to overstudy."
What the hell is overstudying? Oh, I might score too high, so I should remember to slack off? This makes no sense at all.

#6: "Hey, it's only an exam."
Damn, you're right. Why didn't I realize this before? Why am I bothering with hundreds of hours of studying? Screw this. In fact, why bother with anything at all? It's only 'things'.

#7: "So what're you doing this weekend?"
For the last time, I'm studying. Yes, the same as last weekend, and the weekend after next. You know when the damn exam is.

#8: "You're taking a week off? Just to study?"
Yes, I am. No, it's not an excuse to enjoy myself. Far from it. Believe me, I would rather be working than spending all my time trying to figure out whether Jack LaChance from Jiminy Bob Asset Management should long this put option or short this call option. 

If your co-workers are not the CFA-taking type, it can be terrible. Other cheeky remarks I've heard:

  • "Enjoy your time off!"
  • "At least you're going on holiday next week."

#9: (After your study leave and exam) "Had a good rest?"
This is sometimes said with a smug or patronizing tone. If it's right after my exam, I'm usually too exhausted from taking the exams to choke the offending person to death. Other derivatives include:

  • "So how was your holiday?"
  • "Feeling regenerated?"

#10: (If you passed) "See? I KNEW it."
I'm normally so elated from passing that I rarely care about this. But I could cheerfully wring this person's neck anyway.

I know, I know. Almost everyone who says these things to me are people who just want to know if I'm alright. The CFA prep process makes me pretty stressed out and cranky, and takes up loads of my time, so naturally it comes up in conversations. But being in a cranky state of mind is exactly what makes these statements so annoying.

OK, rant over. Do you have your own pet peeves to vent? Let us know!

Comments (83)

11/20/12

#1 so much.

and
"is your work making you do it?"
"no"
"are you qualified to do something you couldn't before?"
"no"
"is it free and easy?"
"no"
"so why are doing this?"

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

11/20/12

all you can say is "that's the plan" or "lets hope"

11/20/12
tmur:

all you can say is "that's the plan" or "lets hope"

No bro. When someone says you'll definitely pass, just tell them that you'll definitely fail. It's a classic defense mechanism. Neutralizes the judgement mixture to lukewarm. Also keeps their expectations nice and low. Underpromise and try to overdeliver, and if not then you didn't break your promise!

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/20/12

"So you want to be an accountant?"

11/20/12

"I'm going to be a Certified Financial Analyst"....

"That dude is so haole, he don't even have any breath left."

11/20/12

How much does CFA cost? - Ridiculous. Its probably priceless.

11/20/12

#11. so you want to get pimples on your butt from studying so much?

11/20/12

Mostly #1, but I hate every single one of these

11/20/12

cfa is useless

11/20/12
BTbanker:

cfa is useless

- someone who has never sat a CFA exam

fixed that for you

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

11/20/12
Oreos:
BTbanker:

cfa is useless

- someone who has never sat a CFA exam

fixed that for you

I sat for the CFA. I think there's a lot of different perspectives on this. It is not that useful for people with backgrounds in finance. Or for the bajillions of people with jobs at random accounting firms, working in IT at record companies, etc who take the exam.

Morgan Stanley Equity Research VP states a superset of what the CFA states about you.

The CFA will not get you a job. It might get you a promotion.

11/20/12
IlliniProgrammer:
Oreos:
BTbanker:

cfa is useless

- someone who has never sat a CFA exam

fixed that for you

I sat for the CFA. I think there's a lot of different perspectives on this. It is not that useful for people with backgrounds in finance. Or for the bajillions of people with jobs at random accounting firms, working in IT at record companies, etc who take the exam.

Morgan Stanley Equity Research VP states a superset of what the CFA states about you.

The CFA will not get you a job. It might get you a promotion.

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/20/12
Going Concern:

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

look on the CFA program like an undergrad degree, having an undergrad degree wont get you a job, but you have to have it to be considered....

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

11/20/12
Going Concern:
IlliniProgrammer:
Oreos:
BTbanker:

cfa is useless

- someone who has never sat a CFA exam

fixed that for you

I sat for the CFA. I think there's a lot of different perspectives on this. It is not that useful for people with backgrounds in finance. Or for the bajillions of people with jobs at random accounting firms, working in IT at record companies, etc who take the exam.

Morgan Stanley Equity Research VP states a superset of what the CFA states about you.

The CFA will not get you a job. It might get you a promotion.

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Idunno. Most jobs state that a lot of random things are preferred. Seeking Assembly Developer! Knowledge of Java and Hibernate preferred!

Given that the CFA is a certification and that there are a lot of things that constitute a superset of said certification, it's definitely not required.

My advice: focus on getting to the front office, focus on doing the best job you can, focus on competence, and if you have any energy left over, maybe consider the CFAs. (Or consider hang gliding.)

I've sat in trading and analytics, and I've seen the CFAs help a few people get jobs in AM. That said, I often think your career is best aided by focusing on your career rather than focusing on certifications.

A CFA will not help you get a job in analytics, trading, even research. It might help you get promoted, although 90% of that promotion is going to be about the quality of your work and your reputation for getting stuff done.

11/20/12
IlliniProgrammer:

I've sat in trading and analytics, and I've seen the CFAs help a few people get jobs in AM. That said, I often think your career is best aided by focusing on your career rather than focusing on certifications.

There's no such thing as "the CFAs", it's one charter that you get when you get through all the requirements. Glad I could help clear up all the confusion!

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/20/12
Going Concern:
IlliniProgrammer:

I've sat in trading and analytics, and I've seen the CFAs help a few people get jobs in AM. That said, I often think your career is best aided by focusing on your career rather than focusing on certifications.

There's no such thing as "the CFAs", it's one charter that you get when you get through all the requirements. Glad I could help clear up all the confusion!

Don't be a douche

11/20/12
Boothorbust:

Don't be a douche

CFAcharterORbust:

Hey man, don't be a douche!

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/20/12
Going Concern:
IlliniProgrammer:

I've sat in trading and analytics, and I've seen the CFAs help a few people get jobs in AM. That said, I often think your career is best aided by focusing on your career rather than focusing on certifications.

There's no such thing as "the CFAs", it's one charter that you get when you get through all the requirements. Glad I could help clear up all the confusion!

Yes, it's one charter that isn't all that relevant to most peoples' careers. People use the term "College Boards", I use the term "CFAs." If it irritates charterholders, all the better!

11/20/12
IlliniProgrammer:
Going Concern:
IlliniProgrammer:

I've sat in trading and analytics, and I've seen the CFAs help a few people get jobs in AM. That said, I often think your career is best aided by focusing on your career rather than focusing on certifications.

There's no such thing as "the CFAs", it's one charter that you get when you get through all the requirements. Glad I could help clear up all the confusion!

Yes, it's one charter that isn't all that relevant to most peoples' careers. People use the term "College Boards", I use the term "CFAs." If it irritates charterholders, all the better!

You sound like you're just trying to provoke by spewing hogwash all over the place. This is a serious discussion.

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/20/12
Going Concern:

This is a serious discussion.

Lol @ thinking anything on the internet is a serious discussion and not a dick measuring contest between douche canoes.

11/20/12
Going Concern:
IlliniProgrammer:
Going Concern:
IlliniProgrammer:

I've sat in trading and analytics, and I've seen the CFAs help a few people get jobs in AM. That said, I often think your career is best aided by focusing on your career rather than focusing on certifications.

There's no such thing as "the CFAs", it's one charter that you get when you get through all the requirements. Glad I could help clear up all the confusion!

Yes, it's one charter that isn't all that relevant to most peoples' careers. People use the term "College Boards", I use the term "CFAs." If it irritates charterholders, all the better!

You sound like you're just trying to provoke by spewing hogwash all over the place. This is a serious discussion.

LOL I'm not sure I started the douching here.

11/20/12
IlliniProgrammer:

LOL I'm not sure I started the douching here.

It certainly wasn't me, that's for sure! And yet look at all the monkey poo I got from all my insightful comments. Some people are really immature.

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/20/12
Going Concern:
IlliniProgrammer:

LOL I'm not sure I started the douching here.

It certainly wasn't me, that's for sure! And yet look at all the monkey poo I got from all my insightful comments. Some people are really immature.

None of that was me.

11/20/12
Going Concern:
IlliniProgrammer:
Oreos:
BTbanker:

cfa is useless

- someone who has never sat a CFA exam

fixed that for you

I sat for the CFA. I think there's a lot of different perspectives on this. It is not that useful for people with backgrounds in finance. Or for the bajillions of people with jobs at random accounting firms, working in IT at record companies, etc who take the exam.

Morgan Stanley Equity Research VP states a superset of what the CFA states about you.

The CFA will not get you a job. It might get you a promotion.

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Women prefer a 12" schlong, but in most cases that's not a prerequisite.

11/20/12
BTbanker:
Going Concern:

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Women prefer a 12" schlong, but in most cases that's not a prerequisite.

If you're content with being one of those "most cases" bros, sure, that's cool. Enjoy your time in the swampy wastelands that comprise the terrain of the ninety-nine percenters, who also happen to have johnsons that are the size of baby carrot.

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/20/12
Going Concern:
BTbanker:
Going Concern:

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Women prefer a 12" schlong, but in most cases that's not a prerequisite.

If you're content with being one of those "most cases" bros, sure, that's cool. Enjoy your time in the swampy wastelands that comprise the terrain of the ninety-nine percenters, who also happen to have johnsons that are the size of baby carrot.

Strong. Silver banana'd

11/20/12
Going Concern:

who also happen to have johnsons that are the size of baby carrot.

lol

adapt or die:
What would P.T. Barnum say about you?

MY BLOG

11/21/12
Going Concern:
BTbanker:
Going Concern:

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Women prefer a 12" schlong, but in most cases that's not a prerequisite.

If you're content with being one of those "most cases" bros, sure, that's cool. Enjoy your time in the swampy wastelands that comprise the terrain of the ninety-nine percenters, who also happen to have johnsons that are the size of baby carrot.

this comment is sexy, love it, after I saw who posted, oh, no surprise.

I'm feeling like a star, you can't stop my shine---Ridin' Solo

11/22/12
midtowngal:
Going Concern:
BTbanker:
Going Concern:

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Women prefer a 12" schlong, but in most cases that's not a prerequisite.

If you're content with being one of those "most cases" bros, sure, that's cool. Enjoy your time in the swampy wastelands that comprise the terrain of the ninety-nine percenters, who also happen to have johnsons that are the size of baby carrot.

this comment is sexy, love it, after I saw who posted, oh, no surprise.

You want to know what else is sexy? A little something I procured from the school of pharmacology. They say it is to Viagra as Viagra is to a green M&M.

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/23/12
Going Concern:
midtowngal:
Going Concern:
BTbanker:
Going Concern:

Almost every job description I see these days for HF/AM research says CFA or MBA preferred...

Women prefer a 12" schlong, but in most cases that's not a prerequisite.

If you're content with being one of those "most cases" bros, sure, that's cool. Enjoy your time in the swampy wastelands that comprise the terrain of the ninety-nine percenters, who also happen to have johnsons that are the size of baby carrot.

this comment is sexy, love it, after I saw who posted, oh, no surprise.

You want to know what else is sexy? A little something I procured from the school of pharmacology. They say it is to Viagra as Viagra is to a green M&M.

Hey, when is about the time for you to do an interview here? I expect to see some refreshing points in it.

I'm feeling like a star, you can't stop my shine---Ridin' Solo

11/20/12
BTbanker:

cfa is useless

CFA has helped me tremendously this past year and I still have level III to do

11/20/12
Unforseen:
BTbanker:

cfa is useless

CFA has helped me tremendously this past year and I still have level III to do

I was just tolling bro.

11/20/12

"Dude, save yourself the trouble and get an MFE/MSFinMath/MFin"

11/20/12

CFA is a joke shuns. get a CAIA.

11/20/12

there are way too many opinions and views on what a CFA can give and to be quite frank its getting all too confusing.
My questions are: will it get you an interview, how long after someones first BA honors can/should it take to complete level 1 and in PSs will the total cost exceed 2000

11/20/12

My girlfriend to me: "I didn't even know you could work this hard."

if you like it then you shoulda put a banana on it

11/20/12

99% of people who say that it is "useless" or they "sat for it" are really just speaking in code. What they meant to say is "I tried and failed and now I will tell everybody how useless it is to reassure myself that the exam wasn't worth my time, clearly, I could have passed if I cared". No, no, you couldn't have, which is why you didn't. Go cry to someone else.

11/20/12
Solaxun:

99% of people who say that it is "useless" or they "sat for it" are really just speaking in code. What they meant to say is "I tried and failed and now I will tell everybody how useless it is to reassure myself that the exam wasn't worth my time, clearly, I could have passed if I cared". No, no, you couldn't have, which is why you didn't. Go cry to someone else.

I passed level one after a long grueling week of study and while grinding out a bunch of trading analytics for bond pricing. Then I realized I could do more to get promoted by focusing on my job, and well, I got promoted.

300 hours is an apt name for someone pushing the CFAs. What could you get done with 300 (900) hours of work rather than study? Chances are, you could get promoted or find a better job. You could probably get your Hang II from the USHPA.

They're a great educational experience, but for 70% of the people taking the exam, there are much more efficient ways to get ahead.

11/20/12
Solaxun:

99% of people who say that it is "useless" or they "sat for it" are really just speaking in code. What they meant to say is "I tried and failed and now I will tell everybody how useless it is to reassure myself that the exam wasn't worth my time, clearly, I could have passed if I cared". No, no, you couldn't have, which is why you didn't. Go cry to someone else.

99%... sure thing!

11/20/12

#1 by far. I hear this all the time from my non-finance friends. Its gotten to the point where, now, I just shrug. Best one I've ever heard though was from a fellow MBA student: "You're taking the CFA right? How bad do you want to kill yourself?"

As for the CFA debate, no the charter is not a magic ticket to untold riches or willy wonka's factory. But as said by a friend who is an MD/PM managing several funds, "it is the standard, a minimum to get in."

11/20/12
Nakaldun7913:

#1 by far. I hear this all the time from my non-finance friends. Its gotten to the point where, now, I just shrug. Best one I've ever heard though was from a fellow MBA student: "You're taking the CFA right? How bad do you want to kill yourself?"

As for the CFA debate, no the charter is not a magic ticket to untold riches or willy wonka's factory. But as said by a friend who is an MD/PM managing several funds, "it is the standard, a minimum to get in."

Again, that's for PM. For HFT, the minimum to get in is to just be a competent C++ developer. For equities cash OTC trading, the minimum to get in is to have played lacrosse for a northeastern private school. (Hence why equities OTC trading is a dying business.)

80% of the people taking the exam are doing it for other reasons than the fact that it's the last step they need to take before heading over to asset management. 50% of the people taking it have absolutely no connection to financial services in their current jobs whatsoever.

11/20/12

We live in a free country. Take the exam, or don't take the exam.

If you're a professional, you normally don't complain about your job or your elective educational experiences. When I took the Level 1s, I didn't tell anybody I was taking it until after I had passed. This got me around all of the "annoying comments."

Then after I noticed how much everyone was complaining about the exam, I realized that there were much more efficient ways to get ahead in this business.

11/20/12

IP, I'm not complaining at all, I fully understand why I am a candidate. I weighed the pros and cons of the charter and I understand how the CFA fits into my career goals. But that is me personally. I fully agree that the CFA has significantly less importance in areas of finance outside of becomming a PM. I also agree that many people that sit for the exam (Lvl 1 anyway) could be doing more productive things instead. Sitting for the exams fits my personal goals, I cannot attest to reasons anyone else would choose this path.

11/20/12

Level I actually is easy. I don't understand how the pass rate is so low - if you are reasonably smart and study for 100 - 150 hours (not hard over four months or so) you should easily pass.

11/20/12

11) Level I "Candidate"? Level II "Candidate"? Bitch please, you're garbage until you pass Level III. Don't slip in the level to make it seem like you're halfway there.

11/20/12

I'll play devil's advocate a bit here and say that the CFA helped me get a job in I-banking. I was coming from a non traditional background (1.5 years BO at a large financial services company) and trying to lateral into an analyst role. Nothing on my resume stood out from an experience perspective, but having CFA levels 1 and 2 under my belt probably got me the interview. Once I was in the door, I just had to be likeable enough to land the job.

I'm done with the exams now, and can't honestly say whether or not that helped me in lateraling to my new analyst role, but it did come up in interviews as an impressive accomplishment.

I think the CFA can be particularly useful for the non traditional type (like I was, and really still am). Maybe my time would have been better spent networking, but the additional academic benefits I got from pursuing the designation also shouldn't be ignored.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

11/20/12

Having recently been to a few recruiting events, almost every VP or higher I ask about the value of a CFA on my resume when applying had a short answer: "I'm going to look at about 20 resumes, more often than not if you're already CFA certified, you'll be part of that 20." This was for ER.

11/20/12

love how EVERY CFA thread descends into "is the CFA useful...." "CFA is useless for banking...."

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

11/20/12

No one else gets the, "Wait, so how is that different from a CPA?"
I'd say that's the most-asked question that I get. And after I explain what the CFA is, I then get: "Oh, it shouldn't be too bad then, it's just like a version of the CPA for finance, right?"

Then again, I also work at a Big 4.

Currently: clinical psychologist (in training)
Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)

11/20/12

wouldnt have gotten my job if i didnt pass level 1 during senior year
struggling to decide whether to take level 2 or not...

11/20/12

Enjoy spending endless months studying for a near-meaningless test, morons.

I'm going to get boozed and laid for 6 months, head to my MBA where I'll booze and get laid for another 2 years. After, I'll probably turn you down for my team while staffing and get some Ivy ex-Varsity schmuck instead.

11/20/12

The best way to guarantee a thread turns into a douche-fest is to start it with a rant.

12/2/12

IlliniProgrammer:
The best way to guarantee a thread turns into a douche-fest is to start it with a rant.

False.
The easiest way is to remind people that no matter what some any ranking says, yale's UNDERGRAD computer science major has far better placement than UIUC.

12/2/12

reformed:
IlliniProgrammer:
The best way to guarantee a thread turns into a douche-fest is to start it with a rant.

False.
The easiest way is to remind people that no matter what some any ranking says, yale's UNDERGRAD computer science major has far better placement than UIUC.


Illinois has 95% placement and costs $120K less. Like Yale, undergraduates earn a median salary of $80K. Unlike Yale, they don't have student loans to pay off.
12/2/12

IlliniProgrammer:
reformed:
IlliniProgrammer:
The best way to guarantee a thread turns into a douche-fest is to start it with a rant.

False.
The easiest way is to remind people that no matter what some any ranking says, yale's UNDERGRAD computer science major has far better placement than UIUC.


Illinois has 95% placement and costs $120K less. Like Yale, undergraduates earn a median salary of $80K. Unlike Yale, they don't have student loans to pay off.

you know better than to naively assume that cost = amount paid

11/21/12

Time to get new family & friends?

11/21/12
eleutheros:

Time to get new family & friends?

so your friends aren't in finance / don't get some esoteric exam = get new friends?

and get new family....i'm not even going to go there.

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

11/21/12

What would you rather them say instead? Commiserate with you about how hard the CFA tests are (and Level 1 is easy so stfu) and how amazing of a person you are for taking the test? Frankly, from your post, you should be happy people talk to you at all because you sound like a real douchecanoe.

11/21/12
rjroberts1:

What would you rather them say instead? Commiserate with you about how hard the CFA tests are (and Level 1 is easy so stfu) and how amazing of a person you are for taking the test? Frankly, from your post, you should be happy people talk to you at all because you sound like a real douchecanoe.

That's really hurtful. You should always treat people with respect and decency and compassion.

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/21/12
rjroberts1:

What would you rather them say instead? Commiserate with you about how hard the CFA tests are (and Level 1 is easy so stfu) and how amazing of a person you are for taking the test? Frankly, from your post, you should be happy people talk to you at all because you sound like a real douchecanoe.

I agree - these poor folks are just trying to make conversation with you and be polite/encouraging. It's not their fault you're hypersensitive to what are essentially polite and normal responses. Get off your high horse and go pass your test. If you don't want to talk about it don't bring it up to people who don't know any better.

11/21/12
Boothorbust:
rjroberts1:

What would you rather them say instead? Commiserate with you about how hard the CFA tests are (and Level 1 is easy so stfu) and how amazing of a person you are for taking the test? Frankly, from your post, you should be happy people talk to you at all because you sound like a real douchecanoe.

I agree - these poor folks are just trying to make conversation with you and be polite/encouraging. It's not their fault you're hypersensitive to what are essentially polite and normal responses. Get off your high horse and go pass your test. If you don't want to talk about it don't bring it up to people who don't know any better.

idiots. no one brings it up, people ask where you've been for the last month or two, why you can't go get boozed, why you're stressed, you explain normally and these are the responses you get. They're well meant, but that doesn't mean they aren't annoying to someone who is at the edge of their tether...

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

11/21/12
Oreos:
Boothorbust:
rjroberts1:

What would you rather them say instead? Commiserate with you about how hard the CFA tests are (and Level 1 is easy so stfu) and how amazing of a person you are for taking the test? Frankly, from your post, you should be happy people talk to you at all because you sound like a real douchecanoe.

I agree - these poor folks are just trying to make conversation with you and be polite/encouraging. It's not their fault you're hypersensitive to what are essentially polite and normal responses. Get off your high horse and go pass your test. If you don't want to talk about it don't bring it up to people who don't know any better.

idiots. no one brings it up, people ask where you've been for the last month or two, why you can't go get boozed, why you're stressed, you explain normally and these are the responses you get. They're well meant, but that doesn't mean they aren't annoying to someone who is at the edge of their tether...

If CFA L1 puts you at the end of your tether maybe it's time to look into other industries. . .

11/21/12
Boothorbust:

[
If CFA L1 puts you at the end of your tether maybe it's time to look into other industries. . .

internet tough guy who, seeminly, hasn't done L2 here guys. watch out, he's awesome, he's super smart, he's dominating and he's not afraid to tell people about it.

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

11/21/12
Oreos:
Boothorbust:

[
If CFA L1 puts you at the end of your tether maybe it's time to look into other industries. . .

internet tough guy who, seeminly, hasn't done L2 here guys. watch out, he's awesome, he's super smart, he's dominating and he's not afraid to tell people about it.

Haha. Looks like he might also work at a toll booth.

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/21/12

Some people take the exam. Some people don't. People tell me they're taking the CFA and I say "Oh that's nice. Good luck." and I get back to working on whatever I was working on that is going to advance my career most efficiently.

Some people say other stuff. Allowing something to become a pet peeve of yours' is a choice.

11/21/12

Feel bad for the guy who gave me MS for saying "pet peeves are a choice." He kinda illustrates my point, lol.

11/24/12

Good luck to those taking level 1 with me next Saturday.

12/1/12

My dad took this when I was 15. It occupied him for months, and he was always up all night studying with his signature yellow-lined pad and red pens. I was so happy for him when he passed, but I will never underestimate this test when the time comes for me to take it.

12/1/12

you guys want some french cries with that wamburger? this thread seems ridiculous to me

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

12/1/12

wolverine19x89:
you guys want some french cries with that wamburger? this thread seems ridiculous to me

ha ha ha

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
12/1/12

I don't know very much about the CFA program. From what I gather, though, it's a set of exams that you take to get certified to be a money manager out in Ohio. They ask you trivial finance questions and tease your brain with provocative ethical scenarios like: "Should you steal your clients' money? Answer yes or no."

12/2/12

BTbanker:
I don't know very much about the CFA program. From what I gather, though, it's a set of exams that you take to get certified to be a money manager out in Ohio. They ask you trivial finance questions and tease your brain with provocative ethical scenarios like: "Should you steal your clients' money? Answer yes or no."

haha, one of leveraged sellout's best.

12/2/12

reformed:
BTbanker:
I don't know very much about the CFA program. From what I gather, though, it's a set of exams that you take to get certified to be a money manager out in Ohio. They ask you trivial finance questions and tease your brain with provocative ethical scenarios like: "Should you steal your clients' money? Answer yes or no."

haha, one of leveraged sellout's best.


hilarious shit to this day.
12/1/12

It is highly relevant in Equity Research, Asset Management and the Mutual Fund industry. If you are taking it, I would hope you work or are trying to get a job in one of those industries.

To people saying it is "useless," you are douches that don't know what you are talking about. Yes, it is more or less useless in IB/PE but IB/PE isn't the end-all-be-all of the financial services sector.

My name is Nicky, but you can call me Dre.

12/3/12

aempirei:
It is highly relevant in Equity Research, Asset Management and the Mutual Fund industry. If you are taking it, I would hope you work or are trying to get a job in one of those industries.

To people saying it is "useless," you are douches that don't know what you are talking about. Yes, it is more or less useless in IB/PE but IB/PE isn't the end-all-be-all of the financial services sector.

Agree but disagree,

I've passed all levels and have been in PE for 3 years, I just wanna let every one know: it's very useful don't let anyone tell you different. If you ask anyone who has a CFA or has met a CFA that is in PE they'll agree.

It's the investors standard.

If you want to be an investor complete the CFA you'll learn a lot and most of it will be pretty useful.

If you want to be a career banker and be selling, then you clearly don't want to be an investor so it obviously would not be as useful.

12/3/12

suchislife:
aempirei:
It is highly relevant in Equity Research, Asset Management and the Mutual Fund industry. If you are taking it, I would hope you work or are trying to get a job in one of those industries.

To people saying it is "useless," you are douches that don't know what you are talking about. Yes, it is more or less useless in IB/PE but IB/PE isn't the end-all-be-all of the financial services sector.

Agree but disagree,

I've passed all levels and have been in PE for 3 years, I just wanna let every one know: it's very useful don't let anyone tell you different. If you ask anyone who has a CFA or has met a CFA that is in PE they'll agree.

It's the investors standard.

If you want to be an investor complete the CFA you'll learn a lot and most of it will be pretty useful.

If you want to be a career banker and be selling, then you clearly don't want to be an investor so it obviously would not be as useful.


i would go so far to say it's useful for all. when i talk to my banker mates (analyst 2/3s) some don't know financial concepts that are ubiquitous in finance that are covered in CFA

"After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

12/1/12

How about "oh, that what you learned in business school. That should be easy."

12/1/12

How about "oh, that is what you learned in business school. That should be easy."

12/2/12
12/2/12
12/2/12
12/4/12
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