Why are you doing your CFA?

[emaan]

Hi! i am a level 1 candidate.
i have an MBA from a university in pakistan and have recently moved to canada. i have one year experiece working as a financial accountant in a well known multi national company. i am confused if CFA is the right choice for me as canada is already loaded with CFAs . also, is CFA the right option right now as im just starting my career.
also, why are you doing your cfa? what kind of job r u pursuing for??
please no negative demotivating comments. only reply if u can advise me . thankyou.

 

[Greenman72]

Im a CFA because once your a CFA you are better at investments.

 

[former trader]

^ Only if you go 3/3 in 18 months with a perfect ethics score.

 

[Vandelay Industries]

^ and >70% in all topics

 

[Would You Look]

1) to provide superior investment returns
2) models and bottles

 

[Cory688]

Guaranteed minimum salary when I complete it.
I would never do it if it were not for more $$$.

 

[Flintheart Glomgold]

I actually thought i was doing the CFP the whole time.

 

[dwheats]

Flintheart Glomgold wrote:
I actually thought i was doing the CFP the whole time.

hahhaa best post

 

[infinitybenzo]

so i can go from ops at a global macro fund to portfolio manager at my fund.

 

[itera]

Would You Look at That wrote:
2) models and bottles

This.

 

[former trader]

To claim you’re a certified finanial analyst.

 

[Wendy]

On one hand, you’re right – Canada is already overloaded with CFAs.
On the other hand, Canada is even more overloaded with MBAs from third-tier schools.
CFA > MBA from some random university in Pakistan

 

[former trader]

^ How do you know so much about Canada? Are you a former Canuck?

 

[PalacioHill]

emaan wrote:
i am confused if CFA is the right choice for me as canada is already loaded with CFAs .

I actually think the more CFAs there are, the more you benefit from having the charter since these are the people who are doing the hiring. I work at a firm that is full of charterholders, but having the charter gets you a level of respect and credibility that even having a top 5 MBA would not get you, simply because most all the leaders in the firm are charterholders. The prior firm that I worked at, I was only 1 of 2 charterholders, and having the charter bought me no special privileges, simply because the leaders had no first hand idea about the value or rigor of program. That is just my 2 cents.

 

[Greenman72]

PalacioHill wrote:
The prior firm that I worked at, I was only 1 of 2 charterholders, and having the charter bought me no special privileges, simply because the leaders had no first hand idea about the value or rigor of program. That is just my 2 cents.

+1
It’s in the eye of the beholder.

 

[comp_sci_kid]

I did it because all the cool kids on AF were doing it.

 

[Marathon_runner]

I (mostly) enjoyed the material and (mostly) enjoyed the challenge.

 

[IEatCrows]

There are a lot of CFAs here but it’s pretty much a requirement in fields like Equity Research and Asset Management. If you want to stay in accounting, or move to a quasi-finance role such as a senior financial analyst then CFA is not required.

 

[former trader]

PalacioHill wrote:

emaan wrote:
i am confused if CFA is the right choice for me as canada is already loaded with CFAs .

I actually think the more CFAs there are, the more you benefit from having the charter since these are the people who are doing the hiring.

I mostly agree with this.

 

[itera]

former trader wrote:

PalacioHill wrote:

emaan wrote:
i am confused if CFA is the right choice for me as canada is already loaded with CFAs .

I actually think the more CFAs there are, the more you benefit from having the charter since these are the people who are doing the hiring.

I mostly agree with this.

agree as well. misery loves company!