CFA too difficult for someone w/o finance background?

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torontosimpleguy

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iXiz Wrote:
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> But seems like many people mentioned that having a
> CFA doesn't guarantee a chance of having a switch
> to finance. MBA seems to be a wiser choice eh....

I already said before that it�s true unless you have some exceptional useful skills. For example, if you are a C++ guru it can help you to get into quants.
 
CFA won't help you get into investment banking.

Danny Boy, good point about top MBA candidates having their "ducks in a row"...I like that
 
CFA program is a lot like a bad poker hand. Right now, I'm that guy holding a mediocre hand that can't fold because I've put too many chips in the pot already to just let them go.

If I were you, I'd test the waters before you sit down at the table. A best case scenario would be to secure a position that you both enjoy and know will reward your efforts to obtain the CFA.

I'm in a much worse scenario.....I'm all in and I know that I don't want to do IM. I prefer corp finance and operations research. I would have been much better off doing MBA, but like I said I'm all in.
 
"I'm in a much worse scenario.....I'm all in and I know that I don't want to do IM. I prefer corp finance and operations research. I would have been much better off doing MBA, but like I said I'm all in."

What? That's a terrible analogy. Apparently you missed the part of the CFA cirriculum concerning "sunk costs".
 
Danny Boy Wrote:
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> Top MBA programs aren't exactly easy to get into.
> As someone else stated earlier, if you can get
> into a top MBA program, then chances are you're
> not asking the career changing questions. (i.e.
> you have your ducks in a row)


were you referencing my post on the "just looking to break in" thread?

"the assumption i usually make is that if you're in this situation to begin with, you probably dont have the qualifications for a top 10 business school, because if you did have the qualifications, you probably wouldnt be in this predicament."

iXiz, the CFA is not a tool for getting a better job, it is merely a credential used to supplement RELEVANT work experience. while the actual listing of the exams on your resume wont help much, the benefit comes from being able to know what you're talking about as the result of studying. so i would encourage you on that part. on the other hand, L1/L2 candidates are dime-a-dozen, so be aware of how generic it looks to employers.
 
wegowayback Wrote:
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> were you referencing my post on the "just looking
> to break in" thread?

Yes, sorry I was too lazy to search for the post and give you credit. You're the "someone."
 
Who do you go way back with anyway? Is it Chad? You go way back with Chad don't you....
 
LOL. I understand sunk costs exemp and believe me I have considered that logic to justify backing out. I did acknowledge that I thought my position was a difficult one, didn't I? Most of all, I just like to see things through. Right now, my opportunity costs are not too high nor is my marginal cost to pass L2 considering how close I was last year. I doubt I will ever deviate from finance and using quants, and my experience has been that most intellegent people that operate in these areas at least recognize the CFA curriculum.
 
I don't understand sunk costs? Is this new to the 2006 curriculum? is there a schweser update?
 
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