CFA

These posts used to be pretty encouraging, but now there seems to be a cynical crowd growing. A lot a people say the CFA is overrated, won't help to get a job, is a waste of time and money, go get an MBA, etc.

I guessing these are mostly those who took the exams and can't find a better job.

I love learning about the material, regardless if it gets me a better a job. Plus the return is pretty good CFA:$3,000 vs. MBA:$30,000

If you think this stuff is overratted, why? Weren't you interested in the material before you started this route?

I'm currently a day-trader, which really seems like a curse word in many financial circles. It seems like that even if you do well for yourself in this line of work, you are still screwed in terms of landing a more formal finance job.

Anyways, I've come to a point where I see no other choice but to take a more formal route in finance to further my career and paycheck but, I'm kinda lost.

I'm very interested in equity research and portfolio management which, from what I've researched seem to go hand in hand. At the same time it seems an like an extremely competitive field to get into and given my resume of only day-trading for 5 years I really can't compete. I'm looking to go back to school as well obtain my CFA in order to remedy this situation.

As for the actual path i'm looking to take, I'm a bit confused as to how this all works. I see many job listings for different types of research among the different industries, such as healthcare equity research, consumer goods equity research, and then I see other research positions that involve other asset classes like municipal bonds and real estate.

Ok, so i got a BB IBD SA offer. On my resume I wrote that Im a CFA level I candidate, taking the exam in June, but I wasn't signed up yet. I got the offer in November, wrote the resume September/October, so there was still a lot of time.

But then my financial situation changed drastically, and I was no longer in a position to spend that kind of money on a superfluous certificate. I was hoping Ill get a stipend but that never happened.

And now Im a bit worried - I dont know if my bank is already done with background checks, I dont know whether this is important or not. The CFA sign up deadline is 17th March. What should I do? Stay put or write HR and let them now of my changed status?

Thanks for the help guys.

Guys i need to know if there are good firms which hire fresh CFAs.( meand candidates who have passed all the levels of the CFA programme but do not have relevant experience). I guess there must be sum firms who prefer CFA over a college degree and offer fresh positions to those who have passed the Level 3).

I am posting this in AM forum an i know that its hell tuff to het a job in this industry but hope there may be some who prefer fresh CFAs over frsh MBAs or Undergrads( bu fresh i mean with little or no experience). Also mention any ER firms (if any) also.

Please do tell if u know

Did anyone get a bonus for passing the cfa level 1, 2, or 3 or for getting the charter? How much and what company?

My friend got $5000 for passing level 1 and works at stifel nicolaus.

What are other receiving?

Hi

I graduated from a non-target school with a 3.5 GPA last summer. Because of the job market, I haven't been able to get a job. Therefore, I took accounting classes at a local community college and am preparing to sit for the CPA exam. I passed the BEC section and should pass all 4 sections by the end of this year. I took the CFA level 1 exam last year and will sit for level 2 this summer.

here is my question. Should I still go for a MBA? I ideally will have the CFA and CPA exams done by next year. What is the value of a MBA? I think the main problem for me is that my undergrad school wasn't particularly well connected.

My goal is to work at an asset management firm before I get enough experience to move up. T Rowe Price or Legg Mason would be my targets as I live around Maryland area.

Thank you for your suggestion.

So I just got a job on the investment management consulting team for Factset, I wanted to know what others thought of this company. As I am just beginning training I am eager to know if knowledge of Factset will be something that will really add value, and how Factset stands on a resume.

I know this may have been better suited in a finance forum, but as my title is Consultant I am posting here, hope someone can help out.

would you guys quit if you got one? i mean the CFA is made for help you get in; if your in, whats the point, and will anybody ever after?
specifically sales

How important is it to obtain a Level 1 CFA as a Finance Major graduating from a Target Ivy with honors - who will be working Retail S&T in a BB?

Would getting a CFA help someone gain entry into the hedge fund industry? What are the specifics involved? Thanks

Hi All,

Just wanted to get some opinions on whether it makes sense to put CFA Level II candidate on the Resume ... The idea is to give an indication that I am pursuing CFA and preparing for Level II exams in June (cleared CFA Level 1 in December 09).

I do have MBA in Finance but from a second tier B - School (graduated 2007) and right now work as a consultant for a small financial software firm in the derivatives / risk management space. I would like to get in to the Asset Management / Alternative Investments (work with derivatives Fixed Income, FX and Commodities asset classes) in the near future..

Any opinion would be most appreciated.

Thanks,

abhi.

Hello everyone I am new to the forum and was just seeking a little advice. I have a couple of options and have no clue which one to take. Right now I have a couple of offers for some back office work at some banks. I have also been accepted into Vandy MSF and my local college who offered me a full ride. I plan on taking the CFA in December no matter what option I take. My question mainly is which will help me in the long run for my goal to become an analyst, and is Vandy really worth the 45K tuition bill?

I am currently a junior associate at a top ny law firm doing mostly m&a and private equity work. I am thinking about switching to finance but I do not have a clear idea as to which area of finance to do. I am thinking about i-banking, PE, hedge fund, investment management etc. but I am open to other possibilities. My UG majors are math and economics (did very well but school is not a big-name) and I have passed CFA I. Any advice on whether I should continue to study for the CFA? Is it helpful enough to worth the huge time commitment for someone in my situation? I really need some career advice as I really do not like my current job very much. Thank you!

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CFA SCHWESER 2010 LEVEL 2 PACKAGE

Level 2

1) 2010 Schweser Study Notes ( 1 – 5 )

2) 2010 Schweser QuickSheet

3) 2010 Schweser Practice Exams Volume 1 and 2 with detailed solutions

4) 2010 Schweser Qbank

5) 2010 Schweser Video CD

5) 2010 Schweser Secret Sauce

Discount if you buy more than 1 product.

payment by paypal, all files are downloadable.

Email me for sample file.

Email me at dakota445@gmail.com if you have any questions.