[karan_taneja18]

hey archstone me too frm delhi contemplating doin a CFA , me too frm Electronics background, will be completing my engineering in may 2006, so wat r u upto these days, wat have u planned for the material.

[nex]

As planned, I have NOT registered for CFA L1 for June 06

I have the material though. I am just not prepared to read all this with a sword hanging over my head. I'll take it slow and enjoy the learning.

All the best for your june exam..

cheers
nex

[Crash_test_dummy]

Originally Posted by nex

As planned, I have NOT registered for CFA L1 for June 06
I have the material though. I am just not prepared to read all this with a sword hanging over my head. I'll take it slow and enjoy the learning.
All the best for your june exam..
cheers
nex

good call!

i hate the sword-hanging too, but on the other hand, i dont take things seriously unless there`s a deadline and a crisis in the first place! So the mandatory sword hanging is necessary for me. plus, i also want to complete level 2 in june 2007, which wont be possible if i complete level 1 in december, coz 6 months is just not enuff for level 2...hope you`ve taken that into account too.

[BaBu]

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:smile:

If you looking to gain experience in Indian market, ICFAI CFA is more then enough along with UG/PG. Course contents of ICFAI CFA are wonderful. Opportunities exist in KPOs, Indian equity research, forex trading, derivates, options, commodities market etc.

I have lot of friends with UG + CFA ICFAI working in firms like evalueserve, Mckinsey knowledge, copal partners, smart analytics doing NASDAQ, european capital market research.

CFA AIMR is a true CFA, if you ask me frankly. I am doing CFA ICFAI. but in life every thing which looks good is not easy to get. CFA AIMR is a competitive course and you need to have a really good grasp of subjects to clear all 3 levels. Its in global context and unfortunately our education degrees are still not inclined to global curriculum except top colleges. Have you studied sample papers at CFA AIMR website? Study ICFAI CFA papers and CFA AIMR and you will be able to understand the strategic difference between 2 courses. CFA AIMR is extremely challenging and i wont advice for a fresh B.com/ Indian graduate to persue it. Stakes are also high. ICFAI CFA is approx Rs 55000.

Easiest job in world is to form an impression. Forming a negative impression about ICFAI CFA means you are insulting 2500 successful CFA ICFAI where some of them are occupying top positions in their trades

Think practical and then make a decision. CFA AIMR is not a cakewalk. ICFA CFA is again not a cakewalk. But for indian students ICFA CFA gives you sound foundation in core finance concepts + a chance to complete all three levels with little ease + market brand.

If my aim is to go abroad and do MBA in 2008 or 2009, then this is what i would have done:

Step 1: Do CFA ICFAI. Fantastic finance concept knowledge with subjects like M&A, equity valuation, derivates and bond trading, ethics etc

Step 2: Complete CFA ICFAI in 2 yrs flat. 2 hours daily grinding is more then enough.

Step 3: Mention in CV 'MS(Finance) from ICFAI UNIVERSITY, HYDERABAD-XX.XX %, 1st division. I will not mention CFA FROM ICFAI because of ongoing battle and fact you cant use CFA ICFAI in US/Canada.

So what did i get in return:

1) Enormous cost savings.

2) Hardcore finance knowledge which was true puprose before starting MBA.

3) MS(Finance) degree which is from decent, respectable university.

I will prefer to start off with easy things first, and then move later to complex things if talent permits.

All the best to everyone. God bless.

[sonal_gupta]

thanks a ton for the info...
still undecided though.. concentrating on my university exams for now...
another question...
what kind of work ex do u think a person with BSc Eco will get (not call centre)?.. since the CFA course is not full time i'l have to do something alongside.. and other than call centres no one seems to want fresh graduates

[BaBu]

thanks a ton for the info...
still undecided though.. concentrating on my university exams for now...
another question...
what kind of work ex do u think a person with BSc Eco will get (not call centre)?.. since the CFA course is not full time i'l have to do something alongside.. and other than call centres no one seems to want fresh graduates

BPO pay well and facilites are good. International enviorment and a chance to work with best western minds changes your mindset. Find a opportunity in non voice based transaction processing areas likes banking process . GENPACT hiring fresh commerce graduates for non voice based processing process. Not a bad experience.

I am in voice based call centre for last 2 years. Thats a biggest mistake i did. Life is cool in non voice based process where you can use your commerce education.

[sonal_gupta]

thanks BABU.. u've been a major help... i'll check up abt genpact and some of the other BPO outfits in Kolkata... do u think a CFA should be followed up with a MBA? is it an adequate degree?

[Crash_test_dummy]

Originally Posted by BaBu

If you looking to gain experience in Indian market, ICFAI CFA is more then enough along with UG/PG. Course contents of ICFAI CFA are wonderful. Opportunities exist in KPOs, Indian equity research, forex trading, derivates, options, commodities market etc.
I have lot of friends with UG + CFA ICFAI working in firms like evalueserve, Mckinsey knowledge, copal partners, smart analytics doing NASDAQ, european capital market research.

True. the icfai cfa might get you decent opportunities in india.

CFA AIMR is a true CFA, if you ask me frankly. I am doing CFA ICFAI. but in life every thing which looks good is not easy to get. CFA AIMR is a competitive course and you need to have a really good grasp of subjects to clear all 3 levels. Its in global context and unfortunately our education degrees are still not inclined to global curriculum except top colleges.

Mostly true again. but what`s that thing you say about "everything in life that looks good isn`t easy to get..". not the right spirit man. I have full respect for the icfai course that you are doing, but if someone is doing the icfai cfa BECAUSE he/she finds the AIMR CFA too difficult or he doesn`t want to put in that much hard work, then that person is simply trying to take shortcuts and trying to find an easy substitute. In case there`s a genuine financial constrint or you want courses specific to india, then that`s a good enough reason to go for icfai. some introspection required at this point!



CFA AIMR is extremely challenging and i wont advice for a fresh B.com/ Indian graduate to persue it. Stakes are also high. ICFAI CFA is approx Rs 55000.


yes it`s extremely challenging, but you can`t really generalize and say that it is not recommended for indian graduates...indian students are reasonably hard working people and are quite well equipped to handle rigorous academic courses. I agree with you on the money part though. i have just registered for the AIMR CFA level 1 and i have already spent about 45K already! so the stakes are high, but it`s not unmanagable if you prepare well in advance and spend enough hours studying.


Think practical and then make a decision. CFA AIMR is not a cakewalk. ICFA CFA is again not a cakewalk. But for indian students ICFA CFA gives you sound foundation in core finance concepts + a chance to complete all three levels with little ease + market brand.

the market brand is definitely stronger for the AIMR CFA. the AIMR CFA also gives you strong fundamentals etc....in fact, it has a greater fundamentals emphasis then icfai. You`re AGAIN emphasizing on the "ease" of the icfai-cfa. Anyways, whether a person chooses convenience or cost or some other factor to make his decision is a personal preference.


If my aim is to go abroad and do MBA in 2008 or 2009, then this is what i would have done:
Step 1: Do CFA ICFAI. Fantastic finance concept knowledge with subjects like M&A, equity valuation, derivates and bond trading, ethics etc
Step 2: Complete CFA ICFAI in 2 yrs flat. 2 hours daily grinding is more then enough.

if you`re doing an mba in 2008 or 2009, then you do have 3 years to complete the AIMR CFA...why not do the real thing if you have the time? the AIMR cfa is a three year course...and obviously it`ll have much more to offer in terms of financial learning than icfai.


Step 3: Mention in CV 'MS(Finance) from ICFAI UNIVERSITY, HYDERABAD-XX.XX %, 1st division. I will not mention CFA FROM ICFAI because of ongoing battle and fact you cant use CFA ICFAI in US/Canada.

i wouldn`t advice anyone to fool around with their CV like this u know...especially overseas. in any case, ms finance from icfai wont hold much ground abroad.

Anyways, thanks for the info, i didn`t know this much abt the icfai cfa before this. what i can gather from all this is that the icfai cfa offers an easier, shorter, cheaper, and trimmed down version of the real thing. taking the short-cut and trekking uphill each have their own risks and rewards...to each his own! amen!

PS: the intention of this post is not to offend any icfai-cfa guys or to launch an attack on the program...i was just thinking out loud!

[pinkunarayanCFA]

HI I AM ENROLLED IN CFA PROGRAM AND CURENTLY IN THE THIRD AND LAST LEVELYOU CAN ASK YOUR QUERRIES IF YOU LIKE

[shalabhkumar]

Hi Guys,

Just a quick question from those who have already given the CFA Level 1.


Should i start with Study Session 1 or i can start with any session. I think it doest make a differance until i take up all eco or finance session togther, Can you please through some light on it


And 2nd question is how to get comfortable with the calcy

Please do let me know

Thanks a lot
Shalabh