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July 31, 2026
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No.
this.
by the way, congrats on getting your charter this year bro.
My answer is yes and no.
I'm doing L1 in December as well. I'm currently working as a B4 auditor and coming from a purely accounting background. However I've wanted out of auditing ever since I've started and I find finance a lot more interesting, I just never took any finance course in university apart from the 101 courses.
So pursuing the CFA was, to me, a way to gain an advanced understanding of finance without having to put in the money (and more importantly time) to do an MBA. So there are some areas that I'm learning for the first time and forcing myself to love it because it's what I want to pursue career wise.
But yes it sucks having to keep telling friends "I can't I have to study". evenutallly they just write you off and stop asking which sucks more.
T-minus 29 days.
It was somewhat interesting and gave me some interesting concepts, but the time spent/interesting concepts ratio was pretty low.
Most valuable piece of knowledge I've been able to deploy professionally is how valuation multiples are essentially an application of the Gordon growth model.
I recommend getting the Schweser (sp?) notes with mp3 files. I spent my time listening the notes while jogging, walking the dogs, catching public transport. The more way you can input the data, the more your brain gets familiar with the concepts.
Things I dislike about the CFA Program (Originally Posted: 09/13/2015)
I know that the CFA is a well regarded program among the Investment community and it can help your chances of getting a better job at an AM firm, ER, PWM and maybe even PE or HF. But Damn it why do they have to focus so much pages on ethics and compliance in the first book. I think that any rational financial analyst that has ever worked on financial services knows most of this stuff no need to beat a dead horse. I think the exam should be more quantitative focused that compliance focused. That's just my two cents. End of rant.
Industry self-regulation is preferable to government regulation.
To avoid the latter, you need to make the former look credible.
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