You want to take career advice from some douche with only a few years work experience sitting in that well reknowned financial behemoth of Djibouti go right ahead. Hey maybe he’s just bitter but karma’s a b1tch.
Otherwise ignore his efforts at trolling and just crack on with whatever it is you want to do. Attaining a CFA is a worthy objective in and of itself. Nobody ever said becoming a CFA Charterholder or getting a college degree guarantees you a job - but it helps.
The reality is though that the pass rate for Level 1 is low so there are a lot who will fall at the first hurdle. Level 1 seperates the wheat from the chaff. It only scratches the surface of what you need to know in Level 2. If you really struggled here beware as Level 2 is a monster. There is just no comparison with Level 1. Schweser will help you digest that quicker but the CFAI books are what you need to know. You are not merely trying to pass a test, you are trying to absorb a body of knowledge. There is a difference and that is what the Chartership represents.
None of the stuff in any of the levels is conceptually hard, it’s just that there is a vast volume of information to get through and retain and understand in such a short timeframe. If you are young or fresh out of college I would do it now. I am older with family and believe me it sucks telling you kids you can’t go to watch them play sport or spend some really enjoyable time with them because you have to study for an exam. And that has been my reality for the last 18 months. Hopefully my journey is over. I think I did well in the exam. I have been in the industry for 15 years all of that either front office for big IBs or running money in the private wealth sector and I wish I had done this earlier in my life.
I did it because:
a) I love what I do and recognise that continually educating myself in finance helps me understand other areas I was ignorant of and helps me perform better in my job and
b) There are very few professional designations worth anything in Finance and after 15 years I wanted something real to show for it. The CFA Chartership is in my opinion the best out there.
Yes I did CAIA as well only because there was a lot of overlap and I spend considerable time working in Alts and Structured securities so already knew thre area well. But really there are like 5000 CAIA Charterholders out there. When you have to explain what it is to anynoe who asks to someone you realise what its worth. The CFA Charter is not like that.
Don’t let some frustrated dude in the backwater of finance deter you from what is a worthy goal. “Equities in Dallas” would be a better moniker for him.
Itera - what happend you? When you were going through Level 2 and 3 you used to be more helpful. I certainly hope that if I am lucky enough to get the CFA Chartership I remember how much others helped me on this forum and hope to return that manyfold.
Otherwise ignore his efforts at trolling and just crack on with whatever it is you want to do. Attaining a CFA is a worthy objective in and of itself. Nobody ever said becoming a CFA Charterholder or getting a college degree guarantees you a job - but it helps.
The reality is though that the pass rate for Level 1 is low so there are a lot who will fall at the first hurdle. Level 1 seperates the wheat from the chaff. It only scratches the surface of what you need to know in Level 2. If you really struggled here beware as Level 2 is a monster. There is just no comparison with Level 1. Schweser will help you digest that quicker but the CFAI books are what you need to know. You are not merely trying to pass a test, you are trying to absorb a body of knowledge. There is a difference and that is what the Chartership represents.
None of the stuff in any of the levels is conceptually hard, it’s just that there is a vast volume of information to get through and retain and understand in such a short timeframe. If you are young or fresh out of college I would do it now. I am older with family and believe me it sucks telling you kids you can’t go to watch them play sport or spend some really enjoyable time with them because you have to study for an exam. And that has been my reality for the last 18 months. Hopefully my journey is over. I think I did well in the exam. I have been in the industry for 15 years all of that either front office for big IBs or running money in the private wealth sector and I wish I had done this earlier in my life.
I did it because:
a) I love what I do and recognise that continually educating myself in finance helps me understand other areas I was ignorant of and helps me perform better in my job and
b) There are very few professional designations worth anything in Finance and after 15 years I wanted something real to show for it. The CFA Chartership is in my opinion the best out there.
Yes I did CAIA as well only because there was a lot of overlap and I spend considerable time working in Alts and Structured securities so already knew thre area well. But really there are like 5000 CAIA Charterholders out there. When you have to explain what it is to anynoe who asks to someone you realise what its worth. The CFA Charter is not like that.
Don’t let some frustrated dude in the backwater of finance deter you from what is a worthy goal. “Equities in Dallas” would be a better moniker for him.
Itera - what happend you? When you were going through Level 2 and 3 you used to be more helpful. I certainly hope that if I am lucky enough to get the CFA Chartership I remember how much others helped me on this forum and hope to return that manyfold.