CPA, FRM and CAIA instead of CFA

There is a lot of overlap between level 2 of the CAIA and the CFA curriculum. If you can pass level 2 CAIA then you are on your way to passing a good chunk of the the CFA exams and might as well do that instead (first).
Overlap:
Ethics (Verbatim)
Quant (They just expect you know all quant but not as well as the CFA)
Fixed Income (They focus on mbos and cdos and things of this nature, but assume you know the basics)
Alt Investments (almost verbatum)
Fin Statement Analysis (Assumes you know the basics)
So basically, only really the equity part gets missed.
 
I would respectfully disagree to a certain extent; I think you’re right that there’s quite a bit of knowledge assumed by the CAIA curriculum (which the CFA background is very helpful for) and some overlap, but the vast majority (meaning 85%+ and probably more) of the CAIA curriculum is simply not in the CFA curriculum.
 
I am also certain that the CAIA curriculum would teach every one of you mutha uckas a massive amount of stuff about investing generally, though it may not all be directly useful to your career.
 
One of the great things about CAIA is that it has more vowels. What kinds of words can you form with just FRM or PRM or Ph.D. You gotta have vowels.
 
bchadwick Wrote:
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> One of the great things about CAIA is that it has
> more vowels. What kinds of words can you form
> with just FRM or PRM or Ph.D. You gotta have
> vowels.
Trying to pronounce CAIA as a word makes it sound like you’re sneezing.
 
Captain Windjammer Wrote:
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> I am also certain that the CAIA curriculum would
> teach every one of you mutha uckas a massive
> amount of stuff about investing generally, though
> it may not all be directly useful to your career.
Fully agree with this. I’ve found the CAIA’s to be much more interesting and thought provoking than the CFA. Of course you’re going to get every clown with an opinion on here being derisory about it, some things don’t change.
I’m not saying the CAIA’s are more difficult, they aren’t, but it’s not all about difficulty, it’s about understanding concepts.
 
McLeod81 Wrote:
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> Whenever I see someone w/ multiple other
> designations (ie CIMA, CAIA) in a position which
> would benefit from having the CFA, I generally
> assume the guy just got the other designations
> because he couldn’t get through the CFA exams.
> It’s like people think they can compensate for
> lack of CFA by just adding a bunch of other
> letters.
Ok this is unfair, no one in their right mind lumps in the CAIA with the CIMA, which is an absolute joke. And nearly all of us getting the CAIA are doing the CFA as well. The CFA and CAIA complement each other nicely which is why you see so many pension fund people or consultants like NEPC http://www.nepc.com/about_us/our_team with both.
I agree CAIA doesn’t work as well as a standalone, but you can’t doubt its growing acceptance and the knowledge it provides.
And for full disclosure, I just sat for the CAIA L II and am taking the CFA L II in June.
 
ChickenTikka Wrote:
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> Wasn’t this in the level 2 derivatives curriculum?
> How to make a synthetic CFA?
LOL
 
I don’t feel like taking more exams, or reading it all by myself, but I wouldn’t mind having someone walk me through the CAIA material just to know it, or even just to know what’s in it.
 
EoghanLyons Wrote:
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> I’m not saying the CAIA’s are more difficult, they
> aren’t, but it’s not all about difficulty, it’s
> about understanding concepts.
No, it’s about what the credential can do for you. If the CAIA isn’t widely recognized or beneficial to your career, then unless it’s the most efficient way to study a subject it’s not of much value.
 
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