I work for a small high net worth PWM firm. My boss is planning on moving offices by June 1st. I already took off the whole week leading up to the exam (June 4th). The problem is, he is going to ask me to come in on some of the upcoming weekend days to help move. I already finished the L1 material and need to set aside times to do practice questions and mock exams.
I haven't told him that I am taking the test for 2 reasons.
1. I don't want him thinking that I'm looking for another job.
2. I haven't really told anyone else besides close friends and family, don't want to deal with people pestering me about "are you nervous?" etc...
It is possible that he doesn't ask me at all and I am worrying about this for no reason. At the same time, if he does, I do not want to miss the valuable time where I can be taking mocks and doing practice questions.
Should I tell him about the test or just suggest another solution, i.e. staying after work during the week?
Thanks
How many hours per week are you currently working and how many study hours do you need to pass (approximately)?
If you can do it without letting him know by just studying from 8pm until 1am every night, that is one option...it's only for one month, and this would probably be enough if you are consistent.
Otherwise, the advice really depends on the relationship you have with your boss...how long have you worked there? why would he think you're trying to jump jobs? etc..
either way, good luck
I started working here last August. I work about 8:30 - 5:30 and commute to the city from Long Island.
He just told me now that he signed the lease meaning we're going to be moving soon. I have a good relationship with my boss, even though I've been here for not even a full year yet. Since I know that we're moving to this office, I hope I will be able to needle him on the moving process. Hopefully I can convince him to push it back without explicitly stating why. Maybe I can just say why don't we wait till after I get back from "vacation" to start moving.
I've been studying for the exam since January 6 nights a week including heavy studying on the weekends. I have started studying every day of the week over the past two months. I feel that I will be able to pass it, I just don't want to miss out on the only times where I can do the 6 hour practice exams.
The job is the reason you are taking the CFA. The job takes priority. You can get your CFA next year.
IP and Pat, thanks for your inputs.
IP: I believe my concern regarding this issue stems from the jitters from taking the exam as opposed to the actual problem.
I am just going to wait and see what he says.
If you have been studying 6 nights a week since January and plan to take off the week leading up to the exam, then there is honestly no reason to worry at all. Level 1 can be a bit of a shock when you make it through the books and ask yourself "how am I ever going to remember all this stuff?" But, honestly, it is not a ton of in-depth material, and as long as you have a grasp of a majority of the material (which most any finance undergrad should have), then the week leading up to the test will be plenty of time to review (just wait until next year when you're studying for L2 and you won't believe that you ever stressed out over L1). You probably don't need to take a full 6-hour mock, the 3-hour sessions are plenty, in which case you should be able to squeeze a few in around your moving schedule. Nerves/adrenaline carried me through the afternoon session, but I guess each person is different.
wtf. tell your boss to f off.
if you feel like you have to hide the fact that you're taking the CFA, that job obviously is not worth keeping. (unless you need to, you know, pay for food and stuff.) you're probably better off joining the 62k new McD hires.
your boss should be elated that you're spending your free time trying to learn more and get better at your job. and CFA is VERY relevant to a PWM career.
seriously. if you can't tell your PWM boss that you're takiing the CFA exam, quit NOW. your boss probably isn't even a CFA
Tell him. He will understand.
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