Time to let go of CFA- Good bye friends

There is a lot of momentum to be built up between levels 1 and 2 due to the overlap of valuation and financial statement analysis.
But there is way less in common with level 3. The level 3 curriculum is much different and forgetting what you learned in levels 1-2 won’t matter. I have no idea what the free cash flow formula is. I can’t even remember the inventory turnover ratio off the top of my head. M
 
I am from India and I can understand your suituation. I guess you are from non commerce background, so I am making this statement.
First remember you will never get any proper core job immediately. You need to try through another way. Join a multinational company in their corporate finance/ treasury/ audit. Once you prove your mettel, you can always ask the company to move you to another department.
Most of the people in India want to join service sector, give a try in manufacturing sector also. Trust me, you will learn a lot. Try any company that gives experience in accounting knowledge, grom there you can easily move to any financial institution. If possible move to southern states, there are lots of oppurtunities.
 
Same line of thought…as a stepping stone you can look at places like Bloomberg, FactSet, CapIQ etc. I know a lot of people who have used it as a bridge. You will get transferable skills and I know the work experience will qualify you for the charter.
Anyway good luck to you. Followed a lot of your posts before. You definitely seem to have dedicated a lot of time, emotion and mental bandwidth to the program so far and if you deploy those resources elsewhere you may get a good break.
 
NANA Hachiko wrote:
It’s interesting how CFA candidates have so much passions and emotions toward the program.
it is only an education program (i wouldn’t even call it a professional program since many people can be charterholder and not be a professional anything), don’t dwell too much into it, and yes, giving up is not a bad thing because there are so much more in life you can do!
Anyway, good luck with all your endeavours, and i am sure someone will work for you! ^_^
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Is four years of work experience in a related investment field not “professional?” Maybe you dont have to be professional anything to pass all three exams, but to hold the charter, you most certainly do.
 
december4thplease wrote:
NANA Hachiko wrote:
It’s interesting how CFA candidates have so much passions and emotions toward the program.
it is only an education program (i wouldn’t even call it a professional program since many people can be charterholder and not be a professional anything), don’t dwell too much into it, and yes, giving up is not a bad thing because there are so much more in life you can do!
Anyway, good luck with all your endeavours, and i am sure someone will work for you! ^_^
Click to expand...
Is four years of work experience in a related investment field not “professional?” Maybe you dont have to be professional anything to pass all three exams, but to hold the charter, you most certainly do.
Click to expand...
Well that’s kind of my point, let’s say you want to be a doctor, you need to study WHILE apprenticing at a hospital, and being an accountant you have to be sponsored by an audit firm… for the CFA program, there is no such concrete programs where once you have completed your studies you are qualified to be a “professional”.
Even if you accumulate sufficient hours to meet the work experience requirement set by CFAI, honestly speaking, how many people, and how many of those hours, are truly related to the program to be called professional hours?
I’d say less than 50%?
 
^ Program itself is too tough and if they start approving membership for only those who are currently working in relevant fields, CFA charter would lose it’s appeal. They have to little flexible on that and hence they have added Accountant, Software Developer etc in valid title or experience.
 
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