CFAs where did you take your first step?
So basically an Engineering plus MBA guy here , stuck in a job that has nothing to do with finance under a manager who undermines every effort towards simplifying things and I'm considering upgrading myself to something better. So CFAs of grapevine what do you recommend , wher to start what to avoid and everything in between
Hi. A CFA charter is definitely a good place to aim towards for a brighter career. I finished my first two levels during my MBA, and the third while working. I recommend that you really look at why you want to pursue CFA because it is going to be a huge commitment.
1. Its going to be a costly affair, approx. $1500 for each level
2. Huge curriculum at each level
3. Exam formats get progressively tougher (1. Mcq 2. Vignette-style 3. Subjective)
4. Pass rates are ~40%
5. Will mostly have to forgo social and family interactions for at least a few weeks before every exam
And if you believe CFA is the right next step for you, then here's some advice.
1. The original CFA curriculum is huge. So most applicants refer to Kaplan Schweser Notes, which is enough to pass the examination with flying colors. Another reputed provider is IFT, more known for their video content.
2. One of the subjects is Ethics, which os considered as a decider in case you are on the verge of failing the examination. A good score in Ethics can tip the scales in your favour.
3. You also have the option of acquiring a sponsorship from your employer. You can choose to discuss this with your employer.
4. While there are cases of clearing L1 with 20-30 days of preparation. As a working professional, you do not want to play that way. Start studying 3 months before your exam date. Successful candidates usually required 300 hours for each level.
5. CFA Institute's Learning Ecosystem for candidates has one of the best question banks, do try to practice questions on your LES.
6. The exam is long, so it would be wise to do plenty of mock tests simulating a test environment.
7. You are allowed to use a calculator in your exam. Only two calculator models are allowed for use (Texas Instruments BA II Plus & HP 12C). Learn to use your calculator efficiently. It takes time to get deft with it, but saves a lot in the exam.
Thats all i can think of right now. Hope this helps.
Watcher9
Stealth
2 years ago
CFA L1 or L2 will help if it is followed by an MBA course. CFA without MBA.. not sure how it will help in job market.
I have MBA degree , I'm thinking of CFA as a means of expanding my opportunities
Discover More
Curated from across
