[Crash_test_dummy]

Originally Posted by archstone

DEAR DCT ,BTDT and others
You guys are definately senior given your research on CFA
The thing is I am contemplating a career in Finance and due to start mba prog from singapore in august SInce I am career switcher from electronics background ...i need more than few others in terms of quali. and in deoth knowledge..hence my decision for CFA
and since I plan a global career i choose CFA over ICFAI _CFA

that is the precise reason why i`m doing the cfa too. if you read my first post on this thread, the one i posted when i started this thread, i said the exact same thing. so we`re on the same boat then...except that i PLAN to go abroad for studies, and u already ARE going abroad.

Originally Posted by archstone

the point is at this point I am zilch ,SHUNYA on commerce fundas ...so would the remaing 114 days for L! woud be sufficient I can devote 3-4 hrs each day ....
40k is big money for me so shud I wait till dec or go ahead with june.........the problem is in dec its colliding with mba exams...so you see more work load at hthis moment i am a little free....

i`m not from a commerce/finance background either...i`m an engineer. i think 3 months should be just bout enough. 4-5 months would have been ideal, but in three months, we can just about manage. i seriously doubt if you can devote 3-4 hours each day, are u working? i decided i`ll devote 2 hours a day daily..and that hasnt happened!!

i really dont feel u can manage cfa along with your mba. dont let your mba studies suffer, otherwise you wont get placed after mba..which means december is ruled out for you. so it`s either this june or after a coupla years for you...take your call. i feel that if u do manage to spend good time preparing cfa...about 3 hours per day then you can just about manage with an average performance. there is a risk, but it is worth a shot. i`m in the same situation as you, and i`ve decided to take the risk and see what happens. now you decide: it`s either failing in june and losing 20K...or studying hard and earning cfa and going abroad with a level 1, which will help you get a good job there. i think considering the reward, you should take the risk..that`s just my personal opinion.

Originally Posted by archstone

DCT and other guys I know you have gome through the material what do you day guys
PLEASE HELP AND SORRY IF THe POSt iS LONG
wishes
arch

well i`ve not gone thru completely or in too much detail, i`ve just skimmed thru a few chapters and prep material. i find some concepts to be managable and some concepts to be complete bouncers...now how i`ll manage in the next three months...is a challenge! the material in level 1 at least is managable i think.

feel free to keep your posts as lengthy as you want...and i hope you mean CTD when you say DCT

[Crash_test_dummy]

DONE!

I have finally, after weeks and weeks of "planning" (my favourite activity!), registered for the CFA level 1 in june. Tomorrow is the last date for registering, so in case you guys havnt, then do so asap. Phew, 36K...that`s the most i`ve ever spent on myself! The process is prtty simple...takes about 20-30 mins.

anyways, now that i am officially in the race, my time starts NOW: 109 days! Best of luck to everyone...keep in touch.

[archstone]

CTD CDT CDT DCT whats in a name ....a great guy speeled differently would still be a great guy.

oki thats plain buttering

but thanks for your answers dude....atleast it has motivated me to think seirously and decide once and for all .....

people from delhi if you are preparing for level I guys let me know

I wish I were there in mumbai it would be a great study group there

time for real introspection starts ....now

[Crash_test_dummy]

Originally Posted by archstone

people from delhi if you are preparing for level I guys let me know

I wish I were there in mumbai it would be a great study group there

time for real introspection starts ....now

ahem...wrap up that introspection asap coz the deadline for registering for the cfa level 1 is TOMORROW! of course you can register after that too, but it`ll cost you 14K more! best of luck.

[nitwitin]

Hi CTD.Ur posts were really illuminating for a confused guy like me.Right now I am in 3rd year of engineering(as usual IT u know!!) .I wud b completing my BTech in june 2007."My query is whether i wud b eligible for the June 2007 level 1 examination?"I am particularly interested for june slot 'cos in my last semester i hv no academic burden(only project) and till then CAT's worry wud also be over(written part at least!!).
I also want to know which all are basic concept of finance i need to b familiar with before i kickstart my prep for level 1(It wud b so nice of u if u can suggest any website for that!!) .I also want to know about the significance of "MBA finance from IIMs + Cfa level 2 cleared" in context of Indian as well as global job market.
Looking forward to ur reply n thnx in advance.

[Crash_test_dummy]

Originally Posted by nitwitin

Hi CTD.Ur posts were really illuminating for a confused guy like me.Right now I am in 3rd year of engineering(as usual IT u know!!) .I wud b completing my BTech in june 2007."My query is whether i wud b eligible for the June 2007 level 1 examination?"I am particularly interested for june slot 'cos in my last semester i hv no academic burden(only project) and till then CAT's worry wud also be over(written part at least!!).
I also want to know which all are basic concept of finance i need to b familiar with before i kickstart my prep for level 1(It wud b so nice of u if u can suggest any website for that!!) .I also want to know about the significance of "MBA finance from IIMs + Cfa level 2 cleared" in context of Indian as well as global job market.
Looking forward to ur reply n thnx in advance.

final year students CAN register for the cfa level 1 as long as they complete their graduation before the day of the cfa exam...so i`m not sure how close it`ll be in your case, coz the june exam is usually held within the first week of june. this is what i have gathered from what i read, but you need to confirm this in detail before registering. i think there was a related querry by sapna, the only lady on this thread , you could find out what she did about it.

you say you wont have study burden in your final sem...are you sure? the last sem is relatively light compared to the other 7 sems, but from what i can recall from my engg days, i had 6 other subjects besides my project to take care of. i hope you`re taking all that into account before thinking about june 2007, becoz cfa is gonna take up a LOT of your time (but then, you`re starting early too, so that should work in your favor...take a call on that one).

i think an excellent place to start learning the basics is investopedia.com. go to the tutorials section and start reading the tutorials sequentially and you will get a fair idea of the basics. once you`re done with that, you can logon to nseindia.com and go to the ncfm section. there are quite a few free ebooks there on different topics, which you could start reading, once u know the basics (these may not be directly relevant to cfa becoz they deal with indian stock markets, but you can skip those parts and focus on the concepts alone). i think with investopedia, nse, and your daily finance newspapers will equip you with the basics over the coming few months.

iim finance should take care of most of your life`s worries You might not even need a cfa after that...but a little extra always helps. cfa holds good ground in the global market and will serve well to compliment your iim mba.

[sonal_gupta]

Hi,
i was thinking of doing a CFA but am slightly confused.
i have not done anything related to finance before.. i did science in school and will be graduating(BSc) in economics in may 2006.. i dont have any work ex.. my first option was MBA but i messed up CAT this year.. thus was thinking of CFA.. with my background am i eligible for the CFA course?. and do u think it is a good idea to pursue it at this stage?..
also.. i also cant decide between ICFAI and CFAI.. while reading the thred i have formed a negative impression of ICFAI.. what are the drawbacks of ICFAI?and what are the job prospects after the ICFAI CFA? also.. for an average student how many years would it take to complete a CFA programme.. especially someone who has done nothing related to commerce before..
thanks a lot
sonal

[archstone]

tO ICFAI OR NOT TO ICFAI



oki I was under same dielema regarding CFA and for a while thought CFA AIMR is same as the one offered by ICFAI

THe thing is ICFAI CFA the course structure the preperation the rigour of the course is great .IF INDIAN MARKET /INDIAN JOB is what you are looking at go for it....IT has got brand recognition........so no worries about that

BUT if one sees a future in global markets US/SING/HOng Kong I suggest putting in the effort for the AIMR CFA ....

Essentially what I am implying is the effort put in for both AIMR and ICFAI would be almost same (though some say LEvel3 AIMR is really a toughie)

in the end for those looking for a finance career in india ICFAI is more than suficient
thats my two cents!!

[rit_doshi]

which cfa is a better option the one through icfai or the US one

[nitwitin]

Hey CTD!!Thnx a lot for clearing most of the doubts i had in my mind.I am following this thread for quite a long time now n one thing ,as u hv mentioned in ur previous post ,is quite clear that i will need to spend at least 2-3 hours regularly for at least 4-5 months in order to clear level 1.Fortunately i hv only project(ya ..no other subjects) to look after in my last semester,so i know time wont b a constraint.
The only thing that is really itching on my mind is how to manage the fund for the books n exam registration 'cos i wont b earning nething then n finding a studygroup(to share the cost of books at least) in town like Allahabad is next to impossible.Neways still a long way to go n looking forward to many more illuminating post from ur side.
By the way i completely forgot to say thank you for the nice study links u hv suggested.THNX A LOT for that buddy n keep up common junta like us updated about the progress of ur prep.ATB for the same.