[rattler85]

Originally Posted by ca.ankitlodha

Hello All,
Have Recently cleared CFA Level 5 (Portfolio n Derivatives) Module. If u have any queries.. Feel Free to ask..

Regards,
Ankit Lodha

Great you are maan ..! I am struggling to clear the level B. Every time I study quant harder they make the Q paper even tougher. And now toh you dont even get the past Q papers. Any tips how I should pass the FM and Quant in Level 2. Moreover please throw some light on the job market for CFA. I want to start my career ASAP.Would it be possible for me to get an entry level job with Level 2 passed. Prior to this I did BCA for my graduation. Kindly advise.

[rattler85]

We do not want any helpful insight from you as what to choose and what not to. Please leave this thread to people who want to contribute to it contructively. Posts like these are hampering and degrading this thread. Kindly leave the choice to candidates joining. Don't try to influence anybody here.

Thanks
Mohit

P.S. I am tired of reading these ICFAI vs CFAI posts can we some valuable info shared now ?

Originally Posted by jaihojai

Mods,

This is a personal attack on me along with the personal attack by Ms Puri. I am not a fool to give money to ICFAI and do their so called CFA. I think people should be aware of all the pitfalls of doing their studies from ICFAI. Its better late then never. If you had enough of this dont read. India is a free country and everyone has a right to express their views and you cannot stop it. Long live democracy.

[FreeDreamer]

Hi All,

Its well Known ICFAI - cfa is in a big mess. We need to hence forth discuss it as just a University MFA. A lot of my friends and colleagues confuse it with CFAI(American) or with courses like CA(ICAI), CWA(ICWAI), CS(ICSI) WHICH ARE THE ONLY STATUTORY INSTITUTES SET UP BY AN ACT OF THE INDIAN PARLIMENT AND PERFORM CERTAIN STATUTORY DUTIES THAT NO OTHER PROFESSIONAL CAN LEGALLY DO. ICFAI IS NOT SUCH A BODY BUT A PRIVATE UNIVERSITY RUN A GROUP OF INDIVIDUALS(of course legally in india).

All puys should there fore discuss issues and not just biased opinions.
If any body wants to discourage any body from doing courses LET them be allowed based on merits and demerits alone and not on biased opinions.

1. Whatever icfai calls its course by the end of the day its just the MFA degree from a state university.(CFA,CPA and a host of designations linking to world reputed bodies making carbon copies is a desperate attempt by Icfai to induce students and is using these designations as a bait to lure them and make more money. I believe its a really cheap strategy on part of the university. Any body can register societies under whatever name (available) with out actually having any linkages to renowned institutions. I am saying this so that you puys know that AICPA(American institute of certified public accountants) - is not linked to CPA of Icfai.

2. CFA's who pursued their courses during the Icfai - CFAI linkage times in the late 1980's did a have a very good job , and have reached really good positions in the indian corporate space. Showcasing them to present students and inducing them to join these courses is another strategy by Icfai- Let me point out that the 1991 liberalization policy opened a host of job prospects to indian capital market professionals and showcasing them(people w/t more than 10 years of experience) is not right as job conditions have changed drastically FRESH STUDENTS Should keep this in mind. Icfai promises its MFA salary around Rs20000pm. ONLY pls keep that in mind.

3. The american CFA supporters please note that CFAI does not hold a sole legal trademark(rights) the world over and is confusing the media and the investing public. Even it is also a body of individuals. The UK stuck down its rights to issue CFA as it is not a royal charter. DID CFAI CHEAT ICFAI or is it the other way round should not be your issue as students.As the matter is subjudice let the courts decide that!

4. I have pursued Icfai ms finance till DBF and not delta and my friends simultaneously pursued the CFAI-CFA. Much of the materials are same and mostly on the same topics only icfai has an indian flavor relevant to the indian job market. CFAI cfa is more relevant to the american job market. Its my personal opinion - We used to discuss answers and share QPs. I found icfai was more rigorous than the US. So please those who have not gone through both these syllabus should not comment baseless thinks that the icfai-Mfa material is utter rubbish its not the case, Again its my personal opinion that the both students are competent enough. I respect CFAI - CFA's for their knowledge and the associated body - IT adds a lot of charm to their resume, as for as icfai- MS fin/Mfa for their knowledge alone.(opinion based related to my interactions with these professionals)

5. CFAI is also a profit making body*(please stop trying to paint CFAI as Ram or Ravan, same applies to Icfai). Relevant Work experience is built in the CFAI course of CFA as they take exams yearly and to be called CFA you needs 3 years of valid relevant experience.Icfai students go with out it and once they gain that experience even there earning increases.

6. CFAI - course doers have better advantage as there are lot of jobs that take just CFA level 1 or 2 passouts, icfai doesnt have that.

7. Being a pioneer in CFA education CFAI has the first mover advantage in the corporate job market and there by much better prospects.

8. Just stop totally biased arguments that Icfai MS/MFA course students end up in bpos or call centres. Its utter rubbish now a days public sector banks recruit icfai students but at government scales around 20000-30000(around 3-4 lac p,a based on experience). Comparison with CFAI - CFA's is totally a wrong comparison as their backgrounds are different their startng would be in the range of 7 lac p.a upwards .

LASTLY ONE HAS TO DECIDE how each courses would benifit and once started just finish it thats always better unless u have smething more better.

I believe this is lucid enough. Thats engh gyan!!!

[aswini_cfa_ind]

hi
well first of all I would like to apolagize to the mods & other senior members for my behavior, When i had decided to put up a fight with jaiho jai & Co i did not realize That I was actually encouraging them for what they were doing , & that it was deminishing the whole purpose of this forum

from now on , i shall be posting material that shall be readily useful to all CFA's/prospective CFA's

(& Mr Rattler85 or anybody who wants help suggessions & tips on examinations u may PM me)

[ShreyasKumar]

Hi Friends,
I have gone though the long discussion about ICFAI and CFAI in this forum. I am a Banker, in our Industry we all know only Indian Institute (ICFAI) CFA, which is famous as it is designed to suit the Indian capital markets and financial services industry. I am passionate to pursue CFA from ICFAI. As per my knowledge ICFAI started CFA program in India almost 20 years back and they developed CFA program structure as per the Indian market, Due to the rigorous program structure, quality content and contemporary coverage of topics, it got popularity in India and large number of professionals started enrolling into the program every year. Thus ICFAI developed the CFA brand in India from last 10 years.
Now from last 1 or 2 years I am observing some legal battle against Indian Institute (ICFAI) and American Institute during these the American Institute is trying to establish in India by taking advantage of “CFA Brand” built by ICFAI over the decade. This is like multinationals trying to corner Indian companies. We should bring awareness among Indian students and protect our Indian Institution.

Regards,
Shreyas

[jaihojai]

Originally Posted by ShreyasKumar

Hi Friends,
I have gone though the long discussion about ICFAI and CFAI in this forum. I am a Banker, in our Industry we all know only Indian Institute (ICFAI) CFA, which is famous as it is designed to suit the Indian capital markets and financial services industry. I am passionate to pursue CFA from ICFAI. As per my knowledge ICFAI started CFA program in India almost 20 years back and they developed CFA program structure as per the Indian market, Due to the rigorous program structure, quality content and contemporary coverage of topics, it got popularity in India and large number of professionals started enrolling into the program every year. Thus ICFAI developed the CFA brand in India from last 10 years.
Now from last 1 or 2 years I am observing some legal battle against Indian Institute (ICFAI) and American Institute during these the American Institute is trying to establish in India by taking advantage of “CFA Brand” built by ICFAI over the decade. This is like multinationals trying to corner Indian companies. We should bring awareness among Indian students and protect our Indian Institution.

Regards,
Shreyas

All I can say is that every person comes in this world with pre determined fate. There is little one can do to change it. If a person wants to believe that ICFAI (which no longer exists) or Indian CFA (this term is again misnomer) or ICFAI Trupura University (which is appropriate) run CFA is best suited for him/her then thats great go ahead and do it. I am still waiting to hear new successes from the "CFA" from the ICFAI Tripura Univ, so far no one has given it. I really want to know the salary levels of these passouts. Tumtum give the statistics so that I can change my opinion about your course. But no luck

[harshu50]

Originally Posted by jaihojai

All I can say is that every person comes in this world with pre determined fate. There is little one can do to change it. If a person wants to believe that ICFAI (which no longer exists) or Indian CFA (this term is again misnomer) or ICFAI Trupura University (which is appropriate) run CFA is best suited for him/her then thats great go ahead and do it. I am still waiting to hear new successes from the "CFA" from the ICFAI Tripura Univ, so far no one has given it. I really want to know the salary levels of these passouts. Tumtum give the statistics so that I can change my opinion about your course. But no luck

hi dude .... why r u always after icfai .... instead just be cooperative n help others ... also u would agree that u can consider icfai cfa as an pg degree which is ugc approved ... thats it,, no more... n for the people who r actually interested going for cfa us... can u tell us ..wat the procedure is ...wat would be the minimum salary in today's time after clearing each group (for non mba just cfa s only )..pls reply soon ...

[ca.ankitlodha]

Originally Posted by rattler85

Great you are maan ..! I am struggling to clear the level B. Every time I study quant harder they make the Q paper even tougher. And now toh you dont even get the past Q papers. Any tips how I should pass the FM and Quant in Level 2. Moreover please throw some light on the job market for CFA. I want to start my career ASAP.Would it be possible for me to get an entry level job with Level 2 passed. Prior to this I did BCA for my graduation. Kindly advise.

Hey hi..
Well i will jus giv u one advice for level B.. jus do ur workbook and past attempts papers properly n there wont be any stoppin
I did.. n secured 83..(QM 89 n FM 77)
Well i would rate FM paper to be a bit tougher rather than QM.. so lay more emphasis on FM..
About the job market.. u cant expect much after clearin ur 2nd level.. because u r not mature enuf in terms of finance.. once u clear ur level 5.. then perhaps u can think of placements..
At present jus concentrate on ur level 2 n dis time with proper efforts u will clear wit flyin colours..

wish u all da best!!
Regards,
Ankit Lodha

[FreeDreamer]

Hi JaiHOJAI and HARSHU50,

You have raised valid points. This is very mature way of putting things Please continue this way. Sometimes getting no answer is the answer!!!