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Originally Posted by Tumtum
For all those of you arguing over equity research careers with an MBA or NCFM certifications et al, I am myself a CFA from ICFAI- working as a Research Analyst with a reputed firm in Mumbai- and pursuing the CIIA programme of ACIIA Switzerland.
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nice to have someone who`s doing a CIIA...it`ll be of great help to get some first-hand opinions on this course. cool, welcome.
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It is actually appalling that this thread does not delve deep into what CIIA actually is and everyone is frantically expressing their "personal views" on whether CIIA has value or not.
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hmm...i can see you're not very pleased by what you read, but chill. lets not get into fights about who's right and whose wrong. this is a constructive discussion about a course and let it be that way. we`re not DEBATING, we`re DISCUSSING. Everyone has a right to opinion, lets agree to disagree and be nice to each other.
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For those who say that UK is missing from the group, CIIA is now accepted by Financial Services Authority (equivalent to our SEBI) and the Securities and Invesments Institute UK is also a member of ACIIA...for details visit the pages I have attached (please read fully).
As far as France is concerned, they have incorporated CIIA in their charter of nationally accepted qualifications. Search the website for Jean Francois Balmary n u will soon find it out. Additionally, CIIA is also approved by Securities Institute of Australia and Hong Kong Securities institute visit website http://www.hksi.org/eng/exam/ciia.html
Just the inclusion of Iran and Turkey should not cause butterflies in anyone's stomach.
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That is all very fine, but our main concern is the industry acceptance of a course like this. while these official endorsements by big-shot institutions might be fine, but what about the ground reality...are there enough successful ppl out there to actually make the industry sit up and take notice? Would someone taking my job interview say "ooh u`ve done a CIIA" or would he say "u`ve done A-what?". so official endorsements are a different ballgame and actual industry acknowledgement is a different thing. our concern is the latter, in which i think CIIA has a long way to go, at least in india.
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I have seen the course myself and believe me its fantastic. This qualification is also acceptable in many many other countries and has a great potential.
Another thing, please do not underestimate the depth of this course. Its very wide in the sense that it covers almost all the topics in finance and secondly its also very deep in the sense that it goes into gory details of the topics that it covers. Passing standards too are not the least easy-be it national level exams or be it international level exams. If you have any doubt then please read what industry experts have to say on quality of CIIA exams by visiting this link http://www.hksi.org/eng/membership/200402.html Also please visit this link for knowing what are the kind of people worldwide who pursue this course http://www.hksi.org/eng/membership/200310.html
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no one said the course or the syllabus is not good enuff. in fact, on the face of it, it looks dazzing. our concern here is: is such a depth REQUIRED in the first place? The ACIIA website clearly states that this course is open for only those with 2 or more years of work ex in finance, but ICFAI salesmen are selling this to even undergrads! now, i sincerely feel that either this course would just go thru so many topics superficially or go into such depth that it might be too difficult for an average inexperienced person to deal with. i`ll take your word that the latter is true. peace.
My other doubt is, if this course was meant for experienced ppl, then why so much breadth? aren`t experienced ppl supposed to be more focussed on just one or two fields of interest?
This course looks more like a certification to back up or reinforce your EXISTING finance degree or finance experience. i dont see this course adding much value in isolation to the career of say, a BCOM or a BE guy. would you have done this course BEFORE your CFA?would u consider it valuable BEFORE you started working? would you have grabbed your current job on the basis of this course? i think the answer is NO.
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If you sincerely go through all these documents then I am sure that instead of belitting the global investment management designation, you will respect it.
Hope it will open your eyes.
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okay seriously, now u`re acting juvinile.
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IT IS NOT A WASTE OF MONEY OR TIME as many of you profess on this thread.
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umm...i dont remember anyone saying it was a waste of time or money. i dont beleive ANY education can be a waste coz u learn something out of it, even if it is to not make the same mistake again (i`m getting nostalgic abt my engineering!!)
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Learn to forst research and then make a point.
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With our limited researching skills, this was all we could come up with. i`m not a professional researcher u know! Thanks for your inputs.
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This is what research analysts to.
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We`d love to know more about the research analyst career. so if you tone down a bit and get nice, we can talk about what ELSE research analysts do and how.