Work experience

[leisrp01]

I have heard the CFA institute may not approve federal bank regulation as relevant work experience for the CFA. I currently work on policy and review merger applications. Does anyone have similar work experience?

 

[ulanky]

I’m on the regulatory side myself (have been for my entire career), but I’m in the field reviewing the commercial credit portfolio. I know plenty of people that have obtained their charter, despite having only worked in regulation. It’s going to depend on how you phrase your candidate assessment of work experience, and how your superiors can support what you have said. I can see how you can discuss how making/modifying policies is relevant to the investment industry because it requires you to have a working knowledge of investments, capital ratios, modeling, blah blah blah. Good luck
On a side note, did you find the CAIA to be worth the effort involved? Thanks.

 

[leisrp01]

Great, thanks!
I work primarily in Agriculture so it was very helpful in real assets and commodities and recent correlations of asset classes. It’s pretty heavy in PE and HF. The current curriculum is about 70 percent theory and 30 percent quantitative. I like they use recent articles and studies as part of the material.
The curriculum is suppose to change in 2017 and get more difficult as current the pass rates are near 70 percent. Because I had all fees and review courses paid for and it is very relatable to my daily activities, I found it worth the effort. In retrospect, the review courses may not have been necessary with the CAIA provided material (used schweser). Easier than CPA and CMA, but 100 hours on each level and you should be good.