18 yrs old, should I start self-studying CFA?

The_hustler's picture
Rank: Monkey | banana points 35

Do you guys think jumping the bandwagon and starting to look at CFA material early on would be beneficial, considering I'm only first year college. I just need to know how to start and I think in my spare time I could start hammering down on trying to understand some major concepts.

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Comments (53)

Best Response
Feb 20, 2018

No

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Feb 22, 2018
HBIC Bexely:
thecoolkid1234:

No

Of course not, she should just find a wealthy man and practice her cooking skills, so beta-male sexists and broke-dick men aren't intimidated by her anymore.

I've got some lube leftover from last night if you want some, should help with that sand in your vagina.

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Feb 24, 2018
WalMartShopper:
HBIC Bexely:
thecoolkid1234:

No

Of course not, she should just find a wealthy man and practice her cooking skills, so beta-male sexists and broke-dick men aren't intimidated by her anymore.

I've got some lube leftover from last night if you want some, should help with that sand in your vagina.

Tries to discredit the notion of gender-inequality that I raised
Immediately uses my gender to demean me

Are you that intimidated of women being better than you at your job? Or can you just not get fucked? Sad!

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Feb 23, 2018

What crawled up your hole and died? With a man-hating attitude like that I don't think you will find much success in Finance (hint, there are a lot of men you will have to work with...)

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Feb 24, 2018
redwhiteandbooze:

What crawled up your hole and died? With a man-hating attitude like that I don't think you will find much success in Finance (hint, there are a lot of men you will have to work with...)

Isn't it incredible how EVERY single time a man argues with a woman, it comes back to her gender? Isn't that just the most crazy coincidence? Guess what, beta-boy, laws are changing. Banks are getting exposed for their gender gaps and in the future it's gonna be a hell of a lot easier for me to move up than it will be for you. And when you're crying about it in a corner, I'll just call you a bitch to discredit your concerns.

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Feb 24, 2018

Truly is incredible, given the fact that your the first person to bring up gender on the whole chain. Dumbass. And good luck moving up when nobody can stand you.

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Feb 25, 2018
redwhiteandbooze:

Truly is incredible, given the fact that your the first person to bring up gender on the whole chain. Dumbass. And good luck moving up when nobody can stand you.

You're right, that's why 0% of women are in MD positions at banks. Because we're all insufferable to you. I wonder what the common trait we all share is. Hmmmmmmm.

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Feb 25, 2018

Great statistic, got a source? Monday is going to be tough when I have to tell my MD at Goldman that apparently she isn't a woman according to some crybaby little girl on WSO.

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Feb 25, 2018
redwhiteandbooze:

Great statistic, got a source? Monday is going to be tough when I have to tell my MD at Goldman that apparently she isn't a woman according to some crybaby little girl on WSO.

Ohhhhhhh, I see why you're angry now. Because you have a female boss. Gotcha, that makes sense. Get clitoris whipped back into the closet lil boy.

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Feb 25, 2018

Yup I'm so angry because some whiny college junior who got denied for the GS internship is blaming men because they took the studs at her school over her.

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Feb 25, 2018

Yet you're the one working in non-profit? Haha, good one.

Good luck getting anywhere in the industry with that bitchy attitude. Every comment you've made on this post has been a resort back to woman's inferiority to man, when it's really a matter of ability and competence.

Good thing you're not hired at my father's firm, he'd fire you over this alone!

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Feb 26, 2018

Hahahhaha you don't even work in banking.

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Feb 26, 2018

Haha, I make more than you anyways, and good luck finding a job in three years when you burn out. If you need the contact info for my prep school's headmaster when you apply for math teacher, I'll be happy to dm you.

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Feb 26, 2018
HBIC Bexely:
redwhiteandbooze:

Truly is incredible, given the fact that your the first person to bring up gender on the whole chain. Dumbass. And good luck moving up when nobody can stand you.

You're right, that's why 0% of women are in MD positions at banks. Because we're all insufferable to you. I wonder what the common trait we all share is. Hmmmmmmm.

why discriminate yourself?

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Feb 20, 2018

No. Most of Level 1 materials you will learn throughout college in your finance classes. Instead, focus now on networking and reaching out to alum or people on LinkedIn.

The advantage of connecting with people this early is you look more genuine vs those who start networking a few months before/after they apply for internships/jobs.

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Feb 22, 2018

I would be cautious about networking this early -- as a freshman I had a handful of calls with investment bankers, and none turned out well due to my lack of basic knowledge about the industry. Later on when I was searching for a banking gig I felt embarrassed to reach out to those people again, and I was glad that I waited a year before talking to any more folks in BB IBD/S&T/ER.

As a freshman I think the best course is to get your feet wet talking to wealth managers and other people on the retail side of the industry. Of course, do your research on the person before your call. They're more likely to hire you for your freshman summer anyway.

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Feb 22, 2018

I began networking in high school - and it turned out to be great for me. Whenever you reach out to someone, you should be familiar with what it is that they do. Don't try to impress anyone, and don't come off as a "know-it-all". When someone talks, you listen. Being a high school student was a great excuse for many things, especially since you're not expected to know much at all. You'd be surprised how many MD's and professionals enjoy seeing someone young show interest in their work (oftentimes it reminds them of themselves when they were young). But as Rumple4skin said, you should be somewhat knowledgeable in the industry. If you do it right, and continue maintaining the relationships you build with people throughout college, you will reap the benefits later on.

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Feb 20, 2018

You won't be eligible to sit for the CFA til your senior year of college, by which time you will have forgotten most of what you study now. Don't waste your time

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Feb 20, 2018

No - if you want to do yourself a favor just start really following the markets, make a mock portfolio (or a real one), and start looking at interview guides in your spare time (just a little - don't go crazy) and you'll be good to go.

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Feb 20, 2018

There are better uses of your time, eg your assigned coursework, networking, other resume-building activities, or, god forbid, enjoying your freshman year of college.

Plus, who knows if you'll end up in a finance career that really benefits from a CFA? Wait until you settle on a career objective before you decide if the CFA is a worthwhile investment. There are some paths where it helps and some where it does almost nothing for you in terms of professional advancement.

Feb 20, 2018

Second this, go join a club. A leadership position looks a whole lot better than "planning to take CFA" on a resume.

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Feb 20, 2018

It's already too late to begin studying to pass the CFA. Maybe you can pass the CPA if you start now.

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Feb 20, 2018

Community Service, leadership positions, non-finance hobbies. I chose lifting, mma, golf, and the usuals sports/fantasy leagues/poker. Stuff you can relate to other people and are fun as shit. I'd study the economics and accounting sections maybe sophomore year if I wanted to brush up on concepts for interviews and junior year classes.

just a monkey trying to find his way in the finance jungle

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Feb 20, 2018

Ok, i see where your guys are coming from, in terms of books to start out simple? I have been reading :
- How to make friends and influence people
- How to think your way to wealth
- Richest man in Babylon ( on the way )
- 7 habits of successful people

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Feb 20, 2018

7 Habits is a great book, good choice.

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Feb 22, 2018
The_hustler:

Ok, i see where your guys are coming from, in terms of books to start out simple? I have been reading :
- How to make friends and influence people
- How to think your way to wealth
- Richest man in Babylon ( on the way )
- 7 habits of successful people

How to make friends and influence people is an amazing book, I reread it once every 2 years

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Feb 22, 2018

Reminiscences of a Stock Operator

Feb 22, 2018

Don't waste the best years of your life - when its 11 p.m. on a Friday night and you are changing font sizes on a pitch book while your C average friends are dry f ing babes on their 60K/year salary, you are going to wish that you didn't try so hard as a freshman because it really doesn't matter what you know at that point

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Feb 22, 2018

Ya I'm trying to work on my girls game, I love em, just haven't had much success with any lately so career aspirations have taken over my mind

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Apr 2, 2018

.

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Feb 22, 2018

You will likely never be able to recreate the experience of college. The lack of responsibility combined with being surrounded by people your age going through the same thing as you make it a unique time. I have still had a blast post college, but its not the same type of experience as college just from a freedom standpoint.

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Feb 22, 2018
Cardinal:

You will likely never be able to recreate the experience of college. The lack of responsibility combined with being surrounded by people your age going through the same thing as you make it a unique time. I have still had a blast post college, but its not the same type of experience as college just from a freedom standpoint.

Isn't the whole point of college to best position yourself for a career with how much you are paying for it? I come from humble roots so I this is how I view it. I would hate to slack off early on and be laid back and let those bad habits roll over.

Feb 23, 2018

It is possible to have a blast in college AND position yourself for success after. Its all about moderation. I was irresponsible and focused on parties and girls my freshmen year / sophomore year, but still had enough discipline to show up to class, study when it mattered (lot of addy driven all nighters, actually prepared me well for banking), and pull the grades while being in leadership positions in the finance clubs, ect. You will slowly have to wane yourself to go out less and less as the classes get harder (Junior year won't be that fun), but you can't take your career too serious right off the bat. I look back and wouldn't change a thing because I had fun, made awesome friends, and got the GS gig everybody wanted, but I look back and miss the days of care-free fun and drinking cheap beers with fun people.

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Feb 23, 2018

Nice to hear, I'm assuming you went to a top school though? I feel like the young ones trying to get a head start don't go to a top school, and come here to find ways to get ahead early on to be competitive.

Feb 23, 2018

Nope went to a public school. I'm not saying don't start early - I joined our investment club week 1 of college and was networking by sophomore year - I'm simply saying that shouldn't be your top focus as a freshmen.

Feb 24, 2018

It's a different kind of good time. It was a simpler time when all we had to worry about is show up to class (sometimes), procure alcohol and get laid (as often as possible, with as many different women as possible). Effectively you are full time playboy. That is a time in your life you never get back, unless you have a trust fund, which most of us do not. After college, when you achieve success, you begin a new phase where a new type of good time begins: climbing you way to the top of the BSD pile and becoming the best at what you do. Just different rungs in the same ladder.

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Feb 22, 2018

Doing things far ahead is equally inefficient as doing things far behind.

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Feb 22, 2018

focus on having relations with girls

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Feb 22, 2018

Doesn't that just lead to overthinking and endless ego lifting, if all you think about is girls ?

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Feb 22, 2018
The_hustler:

Doesn't that just lead to overthinking and endless ego lifting, if all you think about is girls ?

no

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Feb 22, 2018

get shit faced often, make good friends and try to bang as many biddies as you can

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Feb 22, 2018

Absolutely not. There are a million reasons why this is a bad idea. Here are a some:

1) you need 4 years of work experience to get the charter so you're still ~8 years away from getting it
2) your time is much better spent right now maximizing your gpa, getting internships, and HAVING FUN
3) it will be much easier to understand the material after you've taken college courses and had some internship/work experience
4) if you take it while working you can probably get your company to pay for it
5) it's easier to study when youre a working adult with a more structured schedule and you won't be constantly missing out on all the fun stuff available to college students
6) you may decide to pursue a career where the CFA isn't relevant

Feb 22, 2018

As a freshmen....let's see...beer and broads in no particular order. Repeat, Repeat!

Feb 22, 2018

wow, someone's handing out monkey shit like roofies at frat party

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Feb 22, 2018

nevermind, just realized hbic is a troll, and a very poor one at that. man i miss blastoise and brady.

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Feb 22, 2018

Study women.

Feb 22, 2018

I would wait until you finished your first college internship before even considering taking stab at Level 1. In the meantime, learn how to shotgun beer in under 5 seconds and build some life long relationships. Rejoice, O young man, in thy youth!

"We listen, if it feels good we shake."
"This town is nuts, my kind of place."
-WSMFP

Feb 22, 2018

You can only take level 1. You'll have to wait until graduation for level 2. Just don't. Focus on your undergraduate and get a great GPA. CFA can wait. It really doesn't matter if you have it for IBD. It doesn't impress recruiters as much as your GPA and your ECs.

For AM/IM or ER, you can even get those jobs with CFA level 1. You just need to show progress.

Feb 23, 2018

Not something you should be working on right now. Rather, practice some introspection and focus on narrowing down what exactly interests you about finance and why it is that you want to pursue this goal. This will be more helpful as you begin to network.

Carl Van Loon
Van Loon & Associates

Feb 23, 2018

Dude, you are 18... go get laid, party hard, get wasted... Do everything you will regret not having done when you are pulling all-nighters... There is plenty of time for the CFA and all that shit

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Feb 23, 2018
Feb 24, 2018
Feb 24, 2018