What to get after CFA Charter?
So, let's say that you've got your Charter, you've got a good job, and really don't NEED to do anything, but watching Game of Thrones a third time in this quarantine because work has slowed down and you can't go out won't be fun, and you want to feel productive. What designation would you work for?
By having your charter, you automatically waive the first level of the CAIA and can sit for the second and final level. It’s about 2/3 of the study material of your typical CFA exam and is slowly being adopted by the industry. With that being said, the benefit of having a CAIA designation after already having your CFA designation would be minimal.
Is it getting more recognition in the industries it’s geared for (alternative assets, etc.)? The CFA is obviously more well known but the CAIA sounds more relevant for certain things
If you want to be productive why not workout, learn another language, or study something that you aren’t already well-versed in? I feel like any finance-related designation will add negligible value following the CFA. On a personal level the only difference I see between “John Smith, CFA” and “John Smith, CFA, CAIA, FRM, CPA” is that the latter is a FUN guy.
Also not sure about the other designations but the CFA exams are postponed for quite some time. Might not be worthwhile to study this far in advance for any of them.
This is the perfect reply. OP reminded me of a doctor that I met a few years ago who went through a part time MBA program. He couldn’t really give me any explanation on how that was relevant to working at Mayo now as the head of whatever (management “skills” I guess?). I didn’t think that there could be anything crazier outside of doing both the CFA and CPA.
I get some people love studying after a multi-year grind but, in my opinion, it’s time to perfect other areas of your life now if you have the well paying dream job you want.
For OP:
Orangetheory has solid online workouts (cardio+body weight strength) daily. Try new healthy recipes as well (and become an IG model posting about their journey for bonus points).
If your state allows golfing, then hit the links or range like John Daly and get the handicap down while having some cold ones.
If you don’t want to study a new language, then look into philosophy. Stoicism is pretty interesting.
something that makes you interesting? hobbies? sports? presentation skills? charisma?
I’d recommend joining your local Toastmasters after the quarantine is over and picking up books that help develop interpersonal skills. How to Win Friends and Influence People by Dale Carnegie is a great one to start with.
I love that book, and it's pretty humorous as well.
Certifications are really a stepping stone to a destination. There’s no reason to pile them on your resume. Figure out your end goal and go from there.
a girlfriend
savage! lol that’s exactly what I was thinking
definitely keep getting certifications, maybe the FRM or CPA, if you don’t get at least three you are a washed up loser and you will never get into private equity. and say good bye to dating hot girls
To the guy who made the GF comment. Got one, and my d*** is starting to chafe bad.
Toastmasters is suspended until after this ends, and that'll be when work starts to pick up again.
I'd love to work out, but the building's gym is closed because of social distancing. There is only so much you can do in an apartment.
I'd love to hear further valid opinions. Unfortunately I can barely handle English, never mind a second language, otherwise my company would have shoved me on Bloomberg TV as a talking head.
Thats strange, she has that effect on me too. When I earned my charter the last thing I wanted to do was start all over with FRM or anything else of the sort. Serious suggestion though, check out this website to occupy your brain in a different way. 15 minute episodes, very enjoyable. Knowledgeable host.
https://philosophybites.com/links-to-past-e.html
I would suggest some of the episodes like Kant's Metaphysics, Plotinus on Evil, Parmenides, John Stuart Mill on Utilitarianism. Toss the hosts a Paypal donation if you enjoy the content.
You could try to tackle the actuary exams if you’re looking for some more study challenges.
I don’t know much about them, except I heard they were very difficult.
Learn data science and python. Learn a new language. Personally, I love Italian and the accent.
Whose accent do you love?
Italian accent. I saw some interviews of Italian nurses back in March before the Covid19 peak and I just loved their accent. I suppose they were from Lombardy.
Listen to the female nurses. Pure elation. It’s like a melody. When I saw that video first time, it sparked my interest in learning Italian.
Because growth only counts if there’s letters attached to it.
On the buy side, it is more common to combine the CFA designation with an MBA, than another designation. I think if you are on the path of an equity analyst, combining the CFA designation with the CPA designation might make some sense.
I'm in an odd situation where I'm a 'sort-of' analyst. I design and build quant funds, but don't actually do much individual company analysis. I'm also making more than your average MBA grad, and don't feel that an MBA would help me that much, even if it was from HBS, especially if I have to take two years out post all of this. We're also quarantined for at least another month now, and I'm looking for a self-study program. I've leaned towards super specialized certs like the CIPM program, since I've gone in front of my company's GIPS committee before, and has others have said, further generalist certs probably won't move the needle.
EDIT: About the CPA: In NY/NJ that requires 150 credit hours, so I'd need to get a master's in something to even be able to sit. I'm not particularly interested in that, even as night school. It also wouldn't be possible to do until my window of free time ends, and we all go back into the office.
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