I'm a bit confused by the CFA® designation. When a person says they are a CFA® , that means they are a full charterholder correct?
Does passing the CFA® level 1 carry any weight for applying to BSchool or a position in HF or Asset Management?
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yes...full charter holder.
it helps，even if you only pass level one...since they know you are going to take the next level and finally become a charter holder
.
No, you must be a charterholder. I passed LIII, but I lack experience, so I cannot use the CFA designation.
For employment, L1 isn't all that impressive. The pass rate for LII & LIII are both about 50%, so only a fraction of people who pass LI will actually earn the charter. Once you crack LII, then its impressive. LI is just good in that you show initiative.
For B-School, CFA isn't that big a deal, because many people on the admin board come from non-finance roles, and don't understand the amount of work necessary to pass.
Its just a benefit on your essays, if you discuss how you are prepping now for your future career.
i see ppl writing that they are a lvl 1 candidate? why do ppl do that if even passing the first test doesnt matter much?
They do this to show initiative and also some finance jobs in the description ask for the job candidate to be undertaking the CFA or thinking about taking the CFA. Just another little bump in your resume. During interviews I would sometimes get asked about it as they thought it was somewhat impressive that I was undertaking while still in college.
Agreed with bearing. I've had numerous interviews where the interviewer was impressed because of the dedication and initiative needed to take the exam. It shows quality work ethic and drive.
Especially if you're an undergrad, having a CFA designation can really make you stand out.
You cannot possibly have a CFA designation as an undergrad. But i guess it would make you "stand out"...moron.
to the last point, you can't have a CFA designation if you're an undergrad - there's required professional experience. but agree that having passed any of the tests as an undergrad sets one apart.
in all likelihood he meant the designation of having passed the first level... dickweed.
Yeah...
Gaylord.
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