Ash10 Wrote:
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> Is anyone here currently enrolled in one of the
> prep classes for the CFA exam? I’m Looking at one
> here locally, but I’m not sure if it’s worth it or
> what the reputation is like. I typically learn
> better in a class room setting, so I know that a
> well structured class would be beneficial for me,
> but at a $1,000 I want to make sure that it is
> worth the cost… Thanks in advance for the help.
I thought about it, here is an email from a friend of mine who went to the Schweser class (if this is the one you are talking about):
The Schweser live seminar is definitely worth it, but if you passed Level 1 without it, you could try that route. With that said, I did the live seminar in Dallas Fort-Worth for levels II and III and would recommend them. The instructors are solely focused on you passing the exam and don’t try to teach you anything other than what it takes to pass the exam. One lecture (Marc LeFebvre) goes through old exam problems (not sure how he got them), which I think are very helpful. The hotel (Marriott) is expensive, so a lot of candidates choose to stay at other hotels nearby to help minimize the cost.
Did I read from your other e-mail that you are pursuing an MBA? If yes, you may want to think about the cost this way…
I am going to the School part-time MBA right now. The cost is $1015 a credit. I am taking two, 10-week 3 credit classes. Each class has about 3 hours of instruction. So, without student fees, that is $6,090 for a total of about 60 hours of instruction or a little over $100 an hour.
Well, the 5-day seminar in Dallas is 36 hours of instruction for $999. Let’s say you spend $1,500 on flights and hotels. That would only bring your total cost to about $2,500 or about $69 a hour.
So…just throwing something out there…the cost is certainly there, but some perspective might be helpful.
My short answer, though, is that the seminar is definitely worth it.