CFA Charterholder No Golden Ticket?

ok lets put this in perspective how many people sit all three exams in june/december? probably a few thousand right? how many people have their charter? probably a few thousand right?
Having the chater does not make you god, nor is it a golden ticket… it just means you have read a few text books and managed to score 70% and above in the exam. employers care about it your compentency, but its more about how much value you can add to a buisness…and that means:
1. knowing people in the industry
2. reading widely (this one is important)
3. building a brand
I think people these days do things for the wrong reasons… this may be one of them, and i’m starting to worry…. i’m attempting the charter to be on the same page as my portfolio managers, to have some sort of idea what i’m talking about when he talks about VaR numbers or Kurtosis of the previous return distribution, simple as that….
If you have an interest in the finanical markets, you dont need the CFA charter to show people you are interested, it should be through the things you read, the people you hang out with and the brand that you build to employers…
 
FrankArabia wrote:
i can speak from experience….after getting the CFA, I was chased after by the HR department at Goldman…however, sensing that GS was on its way down and losing its culture (something I picked up while doing the CFA) I decided to start my own firm…..
After advertising my CFA to a group of institution salespeople, I managed to raise $500 million dollars in AUM….key here was that I mentioned I passed the CFA all 3 levels on the first attempt….once you tell them that, they know you’re a select few….
If you have passed the CFA and have not been offered a job, there might be something wrong with you….
Click to expand...
sounds legit
 
From my experience (I work as an analyst at a mid-market investment bank), the CFA is not a golden ticket by any means… HOWEVER not having a CFA will definitely lower your chances of scoring an interview, especially if your schooling/work experience isn’t as strong as that of the other applicants.
Note though that it only really helps in getting you an interview, not a job as there will be a ton of much more important things that will come into play in the hiring decision.
 
+1.
No offence meant to anyone but I find it a bit hard to believe that Goldman Sachs would be chasing anyone to work for them just because of the CFA charter. Maybe its something else that caused them to chase you FrankArabia?

dvictr wrote:
FrankArabia wrote:
i can speak from experience….after getting the CFA, I was chased after by the HR department at Goldman…however, sensing that GS was on its way down and losing its culture (something I picked up while doing the CFA) I decided to start my own firm…..
After advertising my CFA to a group of institution salespeople, I managed to raise $500 million dollars in AUM….key here was that I mentioned I passed the CFA all 3 levels on the first attempt….once you tell them that, they know you’re a select few….
If you have passed the CFA and have not been offered a job, there might be something wrong with you….
Click to expand...
sounds legit
Click to expand...
 
Passing all 3 levels on the first attempt has absolutely no correlation to how you will perform as an asset manager. I think you are full of shit Frank.
 
johnnyBuz wrote:
Passing all 3 levels on the first attempt has absolutely no correlation to how you will perform as an asset manager. I think you are full of shit Frank.
Click to expand...
He got you. That was clearly a troll post.
 
dvictr wrote:
FrankArabia wrote:
i can speak from experience….after getting the CFA, I was chased after by the HR department at Goldman…however, sensing that GS was on its way down and losing its culture (something I picked up while doing the CFA) I decided to start my own firm…..
After advertising my CFA to a group of institution salespeople, I managed to raise $500 million dollars in AUM….key here was that I mentioned I passed the CFA all 3 levels on the first attempt….once you tell them that, they know you’re a select few….
If you have passed the CFA and have not been offered a job, there might be something wrong with you….
Click to expand...
sounds legit
Click to expand...
It’s legit. $123,295,467 of that AUM is my money and I placed it with Frankie because of his 3/3 on the CFA. I’m a charterholder myself, and therefore can produce superior investment returns, but I didn’t go 3/3 so I knew Frankie could produce more superiorer returns. I also know the Goldman thing is legit because a friend of my wife’s third cousin once removed used to be in HR at Goldman and confirmed it for me.
 
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