CFA level 1 in Undergrad, internship benefits?
I am currently studying Brokers economy as an undergrad. I do not go to a fancy school with famous alumni which means even though I might receive top grades, I will most likely be passed over for summer jobs or summer internships at banks and investment firms. I want to take the CFA level 1 while doing my second year in college (currently studying my first year). Im certain that as I can have a year to study for it I will pass. I also trade personally as a hobby of mine so taking the CFA level 1 would not only help me broaden my knowledge on investing but also make me stand out while applying for internships/jobs and show that I am serious and well read. But as I have read you're not allowed to take the CFA until your final year. So Is there anyway to still take it even though you're not in your final year (nor have relevant work experience) or is there another test you can take that is similarly acclaimed and will help you stand out as well as increasing your knowledge on investing and finance.
CFA Level 1 really isn’t hard but covers a range of topics, so should be a good supplement to your current studies. Even if you don’t get a CFA down the road, I think studying for level 1 is a good idea overall.
Pretty sure you don’t need to be in your final year (have taken it in my junior year before).
According to the CFAI the requirements to enroll are: Undergraduate education: A bachelor's (or equivalent) degree or be in the final year of your bachelor's degree program (you must have completed your bachelor's degree program in order to register for the Level II exam), or Work experience: Four years of professional work experience (does not have to be investment related), or A combination of professional work experience and education that totals at least four years (part-time positions do not qualify, and the four-year total must be accrued prior to enrollment).
But as you did, is It possible to still do it while in your junior or sophomore year or would that be a breach in the ethics that could led to being banned or suspended by the CFAI? or would you recommend just taking if they can't verify it and no one will report you or would you per say recommend another test/exam that can give you an advantage in applying like the GMAT or if that is only for like an MBA. I've also read that people say the level 1 isn't as praised and level 2 is where people start paying attention. Should you still take level 1 and later level 2 when you've graduated or focusing on other tests (for ex. the GMAT to help you get into an MBA school after graduation)?
As for internship opportunities, it shows that you’re interested in finance and have taken the extra steps/initiative in studying it, so it definitely helps. That being said, it’s not going to make or break you that’s for sure.
How to leverage CFA as an undergraduate (Originally Posted: 02/09/2017)
So my GPA is abysmal for various reasons. Because if this I figured starting the CFA was a good way to make up for that. My question is when and where should I talk about having passed level 1 this past December? First thing in the cover letter? Just my resume in education section?
I seem to get nothing but automatic rejections when I apply places and I hate the idea of having to network just to get hired somewhere. (Incoming MS).
I'm looking for hedge fund, AM, or Re type work if it makes a difference, and my fallback was accounting.
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