Queen's Master of Finance

To suggest that the Level III CFA exam is equivalent to a PhD in finance is … silly.
 
PalacioHill wrote:
Level 1 = Roughly equivalent to a Bachelor’s Degree in finance from a hacksaw school
Level 1 & 2 = Roughly equivalent to a Bachelor’s Degree in finance from a top 20
Level 1 -3 = Roughly equivalent to MS in Finance from a top 20 school
The British education system recognizes the CFA charter as a level 7 which is equivalent to master’s level. Level 8 is PhD. There is no way that the CFA charter is on the same level as a PhD in Finance.
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No way is the CFA charter equal to a top 20 MFin program. Let’s start to list some of the best MFin programs - not necessarly in order, and not everyone (don’t want to start a seperate debate):
Princeton
CMU
Columbia
Cal Berkeley
NYU
MIT
Cornell
Boston U
Chicago
Michigan
Georgia Tech
U of Toronto
No way is CFA 1-3 equivalent to these schools. I know that in certain places it is accepted as such, but that does not mean that in reality the education you get is. Look at the curricula that these schools use. These schools teach you how to do the things that the CBoK covers. But the CBoK teaches you how to think about the major assumptions used, theory, inputs, and output interpretation, not how to actually do them. The CBoK is designed for you to have an intelligent conversation about finance topics with your clients, not how to actually do any of those things - let’s pick one topic the CBoK spends a lot of time talking about - Global Macro Arb. With just the CBoK can you really put together a Global Macro Arb model and use it to find arb oppertunities in the market to make money for your clients?? Are you skilled in credit analysis to determin the true credit worthiness of a company and then see if there is an investment oppertunity vis a vie the KMV model, how about interest rate forecasting using the BMT model? Nope - but you have heard of these terms and understand more or less the theory behind them. The difference is that these schools teach you this theory, drill the math proof into you, and teach you how to model it in a semi-real world environment. Maybe CFA 1-3 is closer to a 50+ Mfin, but not a top 20. No Chance.
 
Perhaps top 50 may be more accurate, the many of the top business schools base their finance program on the level I and level II curriculums.
 
There should be an investigation on “edupristine”. Everyone of his posts is pimping in a suspicious way the program.
 
Thanks for all the commnets. Exactly my thoughts which I listed out as the first reply already.
edupristine is shilling.
 
former trader wrote:
There should be an investigation on “edupristine”. Everyone of his posts is pimping in a suspicious way the program.
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Edupristine is a partner from India.
CFAL1=MBA finance (for hacksaw school in India)
CFAL2=MBA finance from good schools in India
CFAL3=Phd in finance from hacksaw university in India.
I am assuming edupristine was speaking considering CFA’s reputation in India.
 
I know a few people in that program so whystudy’s posts seem to fit my impressions of them.
At least it’s not a total waste of money, they are still Level 2 Candidates.
Whystudy: are there any MBAs in Canada worth doing if you want to move into higher level finance in Toronto?
 
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