Why not?

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lombro

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Hello everyone,
I’m new and on Monday I’ve applied for Level 1 July 2016 Exam!
I’ve red a lot of topics of new members asking if CFA will give them the way to go into finance sector, and I’ve also red many replies in which the answer was “no”. But why not?
I didn’t apply in order to find a job, I’ve applied because I’m interested in finance sector and I would like to have more knowledge of this after a Master’s degree in International Management. However I would like also to try to move in financial sector in future.
Anyway why a recruiter shouldn’t consider a candidate with passed Level 2 (for example) without direct experience in finance? In somway people have to go into a sector (doesn’t matter which) for the first time. Now I’m working as “foreign supplier manager” for an english company but before find this job I had no experience, only my degree. So if the levels are really difficult to pass and you have to be well prepared to pass, why the recruiter shouldn’t see you like someone who knows the basis of the sector, giving you the possibility to start a job?
Thank you for your answers!
 
You apply logic in your text.so logically if you are fit for the job why not they give to you?
Simply because logic does not have a place in recruiters little heads.they count the number of years and check for keywords.and they get away with it because there is a herd salivating for the job.
Modern happy slavery.set up your own business and leave all this behind.my2cents
 
recruiters will be looking for what an employer told them to look for, so if you want someone to take a chance on you you will have to go right to an employer.
as for why someone hiring for entry level wouldn’t always just take some who has passed a CFA exam, so many of those jobs have existing paths to get to them, usually colleges. These paths have worked out in the past so why would an employer deviate from them (take on risk and expend effort) unless they assumed you would be much better in some way. If a job thinks of fresh grads as easier to teach then you have an extra negative against you at the start, making it all the more difficult. These problems will only grow the longer you are out of school.
Moreover, A lot of places hire entry level mostly from their internship programs, so if you have graduated you already have missed this one.
The problem is that something like passing level 1 (or 2 or 3) while nice, is not enough on its own to make an employer want to hire you.
 
Ramos4rm wrote:
I was unaware the exam was in July now…
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For me is in July, so I can know the right answers and pass easily LOL
Sorry, of course is in June
 
magana1 wrote:You apply logic in your text.so logically if you are fit for the job why not they give to you? Simply because logic does not have a place in recruiters little heads.they count the number of years and check for keywords.and they get away with it because there is a herd salivating for the job. Modern happy slavery.set up your own business and leave all this behind.my2cents
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agreed
 
Ron Swanson wrote:
recruiters will be looking for what an employer told them to look for, so if you want someone to take a chance on you you will have to go right to an employer.
as for why someone hiring for entry level wouldn’t always just take some who has passed a CFA exam, so many of those jobs have existing paths to get to them, usually colleges. These paths have worked out in the past so why would an employer deviate from them (take on risk and expend effort) unless they assumed you would be much better in some way. If a job thinks of fresh grads as easier to teach then you have an extra negative against you at the start, making it all the more difficult. These problems will only grow the longer you are out of school.
Moreover, A lot of places hire entry level mostly from their internship programs, so if you have graduated you already have missed this one.
The problem is that something like passing level 1 (or 2 or 3) while nice, is not enough on its own to make an employer want to hire you.
Click to expand...
good summary.
most entry level folks are taken from school recruiting (usu. top schools),
these folks tend to play musical chairs with openings here and there.
there’s usually already far more peopel with relevant experience to not even bother with no-experience folks that have passed CFA tests.
 
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