passed all three & still unemployed or underemployed?

everyone is unique…
i have friends who graduated from mediocre MBAs who got very high paying jobs on Bay Street right out of school….I have friends who graduated relatively top MBA who have horrible jobs…Some people pass all the CFA levels, FRM, et cetera and are still stuck doing monkey work…some pass level 1 and somehow land incredible jobs….
DON’T bank on any one credential as a ‘sure thing’ to land a great job…You need a COMBINATION of skills…. communication/outgoing/networking skills are highly valuable and so many nerds/no social lives/boring isolated people lack these and THESE are to blame..not CFA as a designation
 
not referring to anyone out there in particular…just tired of people believing an employer should hire someone solely because they passed some exams or finished a program at university…
Don’t get me wrong, I wish this was the case!! In these times, with unemployment so high, jobs in finance are rare…it’s tough to get in…just keep trying and don’t give up.
 
oldboy321 Wrote:
——————————————————-
> Take the easy road you have the money get an MBA
Really, an MBA is the easy way?
The application process alone takes a year, the schooling another 2 years.
The tuition is typically $80,000+, and with foregone wages total cost is generally about $200,000 - $250,000.
And after all that, even many MBA grads from top schools (Wharton in particular) graduated in 2008, 2009, 2010, with no job and $100,000k+ in debt.
 
oldboy321 Wrote:
——————————————————-
> Passed all 3 levels here. I can’t even get an
> interview at a small investment firm. DB
> (www.db.com) has all their management program
> accepting mostly MBAs as can be seen from their
> career site. It’s not too late to abandon CFA, now
> that you have only passed level 1. Let go of your
> pride thinking that beating CFA is the only way to
> prove yourself. Take the easy road you have the
> money get an MBA, getting CFA simply doesn’t pay.
This guy sound so bitter, go to the MBA forum instead! He’s probably the guy with no work experience or even a personality.
All these people talking about the MBA, this and that. the CFA charter, this and that.
At the end of the day, they are all just compliements to your personality and work experience.
MBA from top school with no personality and no work experience is probably worst, since you wasted more time and money doing the MBA then the CFA.
So quit the comparing of MBA and CFA.
 
Wendy Wrote:
——————————————————-
> oldboy321 Wrote:
> ————————————————–
> —–
> > Take the easy road you have the money get an
> MBA
>
>
> Really, an MBA is the easy way?
>
> The application process alone takes a year, the
> schooling another 2 years.
>
> The tuition is typically $80,000+, and with
> foregone wages total cost is generally about
> $200,000 - $250,000.
>
> And after all that, even many MBA grads from top
> schools (Wharton in particular) graduated in
> 2008, 2009, 2010, with no job and $100,000k+ in
> debt.
That’s why I said “if you had the money” not some kind of borrowed money.
 
not all of us live in NYC, toronto, london and other major financial markets. Try landing ANY finance gig ( including internships) in places such as New Zealand, or Dubai without experience. I have a meaningless and unrelated job as an administrative assistant in a government organization in auckland, new zealand and I have already saved enough money to make a move to Sydney, Australia by the end of this year. the economy is booming over there, and with a little help from lady luck, i just might make it there.
 
whystudy Wrote:
——————————————————-
> oldboy321 Wrote:
> ————————————————–
> —–
> > Passed all 3 levels here. I can’t even get an
> > interview at a small investment firm. DB
> > (www.db.com) has all their management program
> > accepting mostly MBAs as can be seen from their
> > career site. It’s not too late to abandon CFA,
> now
> > that you have only passed level 1. Let go of
> your
> > pride thinking that beating CFA is the only way
> to
> > prove yourself. Take the easy road you have
> the
> > money get an MBA, getting CFA simply doesn’t
> pay.
>
> This guy sound so bitter, go to the MBA forum
> instead! He’s probably the guy with no work
> experience or even a personality.
>
> All these people talking about the MBA, this and
> that. the CFA charter, this and that.
>
> At the end of the day, they are all just
> compliements to your personality and work
> experience.
>
> MBA from top school with no personality and no
> work experience is probably worst, since you
> wasted more time and money doing the MBA then the
> CFA.
>
> So quit the comparing of MBA and CFA.
whystudy why are you getting offended? I merely answered gk11’s question about passing all levels without work experience. You have your story (about all your wonderful job and personality), I have my bitter one. In the end gk11 will weigh and decide on his own.
 
I agree with oldboy.
People who are lucky enough to get a break into the industry, whether it was through an internship, administrative roles, networking, etc, not only are ahead of us who never had a break, they also usually act quite confident and I sense a slight hint of arrogance, as if their entry to the world of finance and their acumulating work history was their god given right, and that they possess some sort of magical character trait that makes them superior to those less unfortunate folks. I am not saying that knowledge itself is sufficient to succeed. Personality is definitely important and would sure help along the way, but im 200% sure that there are alot of folks out there who do both have a stellar tom cruise personality and the brilliance of einstein, but STILL didnt break in, you know why? because they are just plain unlucky.
Ponder that .
 
Being where the action is half the battle.
Moose, your decision to move to Sydney is so the right one. GL when you get there!
 
mr_moose Wrote:
——————————————————-
> I agree with oldboy.
>
> People who are lucky enough to get a break into
> the industry, whether it was through an
> internship, administrative roles, networking, etc,
> not only are ahead of us who never had a break,
> they also usually act quite confident and I sense
> a slight hint of arrogance, as if their entry to
> the world of finance and their acumulating work
> history was their god given right, and that they
> possess some sort of magical character trait that
> makes them superior to those less unfortunate
> folks. I am not saying that knowledge itself is
> sufficient to succeed. Personality is definitely
> important and would sure help along the way, but
> im 200% sure that there are alot of folks out
> there who do both have a stellar tom cruise
> personality and the brilliance of einstein, but
> STILL didnt break in, you know why? because they
> are just plain unlucky.
>
> Ponder that .
If people with stellar personality and brilliance can’t break in bec they are “just plain unlucky”
You can just as easily make the argument people who got in and “just plan lucky”.
 
mr_moose Wrote:
——————————————————-
> I agree with oldboy.
>
> People who are lucky enough to get a break into
> the industry, whether it was through an
> internship, administrative roles, networking, etc,
> not only are ahead of us who never had a break,
> they also usually act quite confident and I sense
> a slight hint of arrogance, as if their entry to
> the world of finance and their acumulating work
> history was their god given right, and that they
> possess some sort of magical character trait that
> makes them superior to those less unfortunate
> folks. I am not saying that knowledge itself is
> sufficient to succeed. Personality is definitely
> important and would sure help along the way, but
> im 200% sure that there are alot of folks out
> there who do both have a stellar tom cruise
> personality and the brilliance of einstein, but
> STILL didnt break in, you know why? because they
> are just plain unlucky.
>
> Ponder that .
I agree with you, but on the flip side you can also say a lot of people who don’t have a job and claimed to be brilliant and have a personality of tom cruise; those same people also blame others and luck for not getting their job or a break into the industry. But never blame themselves.
Many people who go into foreclosure blames the government or job economy etc; they same people don’t blame others when they make money on real estate with zero down payments.
Same argument can go both ways.
 
You must log in or register to reply here.
Back
Top