1BigStudMuffin
New member
- Jun 8, 2012
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vicky, are you like that transgender character Pat on SNL?
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Post of the year. You even managed to throw in “Giving and english test.”vicky_cool400 wrote:
I dont have patience in writing posts here . I am not giving an english test nor you are a oxford graduate
When I first started the CFA program, I had just passed the CPA exam. Sure, it was difficult, but it was doable. And it gave me a real, tangible, immediate benefit. I immediately realized a 50% jump in pay, simply because I passed the CPA exam.Spranga5 wrote:
I’ve been on this site for a few months now and have noticed there are people here that try to belittle the designation or even try to discourage others from pursuing the charter. If it’s not that big a deal then why practically kill yourself trying to pass? Why waste so much time and effort to get the charter?? I believe there are lots of people with “sour grapes” syndrome on this site.
I don’t think that CFA is deliberately failing/passing some, but I do wish they were more transparent about the candidate’s grades and the MPS. After all, they are the loudest voice for transparency within the industry. Sounds like a case of “do as I say, not as I do.”Spranga5 wrote:
Also, it’s amazing to me that so many people on here believe that CFAI has little or no ethical standards and are up to nefarious activities. Why would an organization that stresses so much on ethics be part of all the conspiracies people keep mentioning? People have all kinds of stupid paranoid ideas…..from artificially keeping the pass rate low to not actually retabulating your score. If you truly believe that CFAI is so corrupt then why try so hard to be a part of the program?
Out of my own curiosity, what exactly do you see on said resumes that makes you throw them in the pass pile?andytrader wrote:
I get countless resumes from people with charter who have no business in finance and they get immediately put into the pass pile.
It’s 2 things. If we are looking for someone with 3-5 years finance experience, we get a number of resumes of people with no finance background whatsoever (with and without charter). Specifically it is people from back office or IT positions, financial writers, etc.8EEZBaby wrote:
Out of my own curiosity, what exactly do you see on said resumes that makes you throw them in the pass pile?andytrader wrote:
I get countless resumes from people with charter who have no business in finance and they get immediately put into the pass pile.
good points hereandytrader wrote:
It’s 2 things. If we are looking for someone with 3-5 years finance experience, we get a number of resumes of people with no finance background whatsoever (with and without charter). Specifically it is people from back office or IT positions, financial writers, etc.8EEZBaby wrote:
Out of my own curiosity, what exactly do you see on said resumes that makes you throw them in the pass pile?andytrader wrote:
I get countless resumes from people with charter who have no business in finance and they get immediately put into the pass pile.
When we are looking for recent grads (no prior experience), we’ll get even mor resumes of people in late 20s / early 30s looking to change careers. There is a reason why we want someone who is very young. First, salary reasons. Second, we want someone who we can beat up, who can stay late, etc.
It is very very difficult to make a career switch into buy side / sell sie past a certain age and the charter will do absolutely nothing to change that. The only exception is if you are in a really small market and you are willing to get into private wealth management.
So these are reasons why there have been so many threads about being sure why you want to spend the time and energy taking the exams.
See my post about why Big-4 audit was not interested in me at the tender age of 30.andytrader wrote:
When we are looking for recent grads (no prior experience), we’ll get even mor resumes of people in late 20s / early 30s looking to change careers. There is a reason why we want someone who is very young. First, salary reasons. Second, we want someone who we can beat up, who can stay late, etc.
It is very very difficult to make a career switch into buy side / sell sie past a certain age and the charter will do absolutely nothing to change that.
Just curious but you say you get applicants with no finance background and have the charter. How is this possible since you have to have 4 years investment related work experience? Is CFAI pretty lax on this topic or did you simply mean applicants that have passed level III?andytrader wrote:
It’s 2 things. If we are looking for someone with 3-5 years finance experience, we get a number of resumes of people with no finance background whatsoever (with and without charter). Specifically it is people from back office or IT positions, financial writers, etc.8EEZBaby wrote:
Out of my own curiosity, what exactly do you see on said resumes that makes you throw them in the pass pile?andytrader wrote:
I get countless resumes from people with charter who have no business in finance and they get immediately put into the pass pile.
When we are looking for recent grads (no prior experience), we’ll get even mor resumes of people in late 20s / early 30s looking to change careers. There is a reason why we want someone who is very young. First, salary reasons. Second, we want someone who we can beat up, who can stay late, etc.
It is very very difficult to make a career switch into buy side / sell sie past a certain age and the charter will do absolutely nothing to change that. The only exception is if you are in a really small market and you are willing to get into private wealth management.
So these are reasons why there have been so many threads about being sure why you want to spend the time and energy taking the exams.