What a relief, Rinku has left.
I have a request for all the forum users.
Of late, the criteria for getting CFA charter had been relaxed by ICFAI i.e. one can get the charter after delta. Thus, MS(Finance) and CFA are not the same anymore.
However, most of the users still refer to them as one and the same thing. I feel we should refer to them as separate courses especially when we compare CFA(ICFAI) vis a vis CFA(AIMR).
I have made some observation regarding both the charters:
It is often said that CFA(AIMR) is more than CFA(ICFAI).
I have seen that even after relaxing the criteria there are only 3950 CFAs from ICFAI. Given the fact that around 3000 - 4000 candidates register every year for the course, this figure is still very low.
Now, if we look at the exam pattern, at every group 70% people fail. Thus, there is a lot of elimination. Eventually, very few complete delta, leave alone MS(Finance). If you see the AIMR results, they are much higher.
On an average CFA(AIMR) according to the CFA Institute takes around 4.5 years to complete where as CFA(ICFAI) takes around 3 - 4 years to complete in full time mode i.e. delta, barring exceptional cases like TumTum.
One of the requirements of CFA(AIMR) is experience. Most of the people doing the course are working as they do not want to delay the charter by completing the exams first and then getting the experience and foregoing salary will be too costly. Where as ICFAI has no such criteria, and hence majority students are not working, even then ICFAI students take around 3 - 4 years to complete the course.
Now, you may ask about the 1.5 year difference i.e. you may ask why CFA(AIMR) being easier takes more time. This is because the AIMR exams are in 6 months and for level 3 once in a year. This creates a big gap between attempts and thus longer time to complete. Unlike AIMR, ICFAI has exams every 3 months thus more attempts and hence a chance to complete the course earlier.
As far as content coverage is concerned TumTum will be the best judge.
You can definitely judge which course is more rigorous.
Hi..
wats the exam pattern??
is it objective for all groups??(CFA-ICFAI.Tripura)
anyone from Chennai preparing for Grp A in OCT-07????
hi selva nd all,:)
actually the r two course run by ICFAI.one is 1 yr CFA,nd other is 2 Yrs CFA(which is due to legal constraint,now a days called as MS-Finance)
......
former one is studies of few niche areas of Fin,nd latter one is In-nd Out of finance........so which 1 r u takin dude
now comes to ur ur question both of 'em have first few 2-3 grps objective nd succesive grp r both subjective nd objective...u can get it confirmed easily from ICFAI web site.
now bhai log jo july mei Alpha grp ka xam de rah....howz ur ppration gng....m from Engineerin bakgrnd havin hell lot of problem in Fin Accounting..........but knw with ppration nd puttin mre time i can clr it with flyin color:grab:........so hope u guys to come nd start good discussion juss abt ppration..........
hope it might help..........:satisfie:
love ya PG........
-Chaits
JUST ANOTHER PAGAL
hi selva nd all,:)
actually the r two course run by ICFAI.one is 1 yr CFA,nd other is 2 Yrs CFA(which is due to legal constraint,now a days called as MS-Finance)......
former one is studies of few niche areas of Fin,nd latter one is In-nd Out of finance........so which 1 r u takin dude
now comes to ur ur question both of 'em have first few 2-3 grps objective nd succesive grp r both subjective nd objective...u can get it confirmed easily from ICFAI web site.
now bhai log jo july mei Alpha grp ka xam de rah....howz ur ppration gng....m from Engineerin bakgrnd havin hell lot of problem in Fin Accounting
hope it might help..........:satisfie:
love ya PG........
-Chaits
JUST ANOTHER PAGAL
Thnx for reply..
as u told that 2yr prog is now called ms-fin.. 1yr prog- cfa prog.. thats y i mentioned just cfa..
and me too frm non-fin, finding it quite new..
ATB for ur exams dude!!
Hi everyone,
i have registered for first group of CFA. i am in Bangalore. anyone interested in forming a group and study together...???
I wanted to ask wats the value of doing Part Time MS FINANCE.
i have a query related to icfai tripura..
i have completed my m.sc in maths (specilization in statistics) so can i get waiver of quantiative exam..
and i want to know total fee abt icfai tripura cfa..
i think icfai tripura is more cafe rather than other branches of icfai..
@Tumtum,
I had few questions on Institutional Equities and related back office operations. Even though it may not be the most appropriate thread, would still wanna bring it up to your notice.
I have come across various position/profiles for individuals who an experience in settlements/custody being offered rs 400k pa. atleast and upwards to rs 600k+.
1.Is the current trend in huge salary dole outs and huge pay packets/incentives a mere reflection of shortge of experienced professionals and also a result of the huge demand created in the past 2-3 yrs with business volume multiplying?
2.Is the surge in demand/packages a reflection of merely the general undertone of the market(recruitment/hiring) that is bullish given various economic dynamics and business momentum? Or is this a consistent/sustained uptrend across sectors?
3. If one wants to enter the capital/securities market business would the conventional path be restricted to begining at the sub-broker level and having hands one experience on NEAT and BOLT.?
I ask this cause for post positions in the business either one is expeted to have handled NEAT for atleast 6 months and no experience cross functionally is considered.
Are growth opportunities restricted to Corporate manage?
4. If someone wants to get into Instl equities what is the route?. I mean does one have to go through first dealing for retail customers, slogging it out on NEAT and then just hopefully and I repeat just hopefully be expected that someone would put him into Instnl equities given that he would execute orders, settle funds,(payin,payouts), margin funding, MTM and sqauring on net psoition of clients.
5. Are these backoffice processes only accessed if one have chosed to slog it out as a sub broker or are there oher avenues non-capital market experience candidate can access?
Vineet
ps.- Like u said NCFM is shit. I've just cleared 2 modules with such ease, Derivatives among them. But is just sheer waste in terms of a certficate. I mean why would a test ask for 2 marks Q. What does NCFM stand for? Pretty tough one I guess.
both CFAs r GOOD...its finally the CANDIDATE dat matters...sure ICFAI is relatively younger...but the course IS good.iThe AIMR one is broader in its perspective while ICFAI's is tailored for india, but ultimately both hav good value.just dat CFAI(AIMR) has been around for longer thn icfai and conducts the course world-wide, dat its better known (naturally)...
so Rinku stop the baseless arguments ! u r doin CFAI (AIMR)...u love it...agreed ! keep it 2 ureself ! u may b angry on icfai/aicte ( even i ws because of the fiasco dat happened for the june exams)...but that doesnt mean the course is not good ! n i speak from personal experience.
we have ahd ENOUGH icfai vs cfai fites here on PG...lets stop it now !
Can any one asnwer this question?
Is it advisable to study from Study Guide and Work Book instead of Text Book and Study Guide.
What is the difference between Text Book and Work Book.
Is there any specific methodology for studying in lesser time.
Since, I am working I am finding it increasingly difficult to devote adequate time.
How do you people manage the studies.
Hi everyone.... I have been silently observing this thread for quite some time now and I must say people on this thread are well read and have good knowledge base.
Well i have few doubts and I am in a virtual dilemma about what to do.
I am working in Genpact, Delhi in a F&A; process and have been a part of team which went to US for training for two months... I have an experience of around 1 and a half year. I completed my grad in 2005 (B.Com) tried my luck in CAT but cudnt convert in a big B scool (got calls frm Welli, IMT Nagpur) Since then I have been focussing on my job and now is the time i really feel a need of a good finance course to take myself to the next level and I always liked American CFA because of its curricullum, global acceptance and also my company provides sponsorship for this course. But I always thought it will be a little touf for me to pull both CFA and job together and now wen I finally decided to take up American CFA the recent controversy spoiled my plans since they have stopped enrolling any new students.
I always knew for a fact that ICFAI MS finance has a good crs content but what really stopped me is the the way ICFAI has been involved in the university status mess and also about the global recognition of this prog ... as I wud like to settle in US at later stage. But I truly recognize the content and crs structure...
Now I want to pursue my career in finance and would like to start up a course ASAP. can anyone advise me what should I do?
Is there any other comprehensive finance crs like CFA (AIMR) or MS finance (ICFAI) which is free from controversy and globally recognised?
Hi everyone.... I have been silently observing this thread for quite some time now and I must say people on this thread are well read and have good knowledge base.
Well i have few doubts and I am in a virtual dilemma about what to do.
I am working in Genpact, Delhi in a F&A; process and have been a part of team which went to US for training for two months... I have an experience of around 1 and a half year. I completed my grad in 2005 (B.Com) tried my luck in CAT but cudnt convert in a big B scool (got calls frm Welli, IMT Nagpur) Since then I have been focussing on my job and now is the time i really feel a need of a good finance course to take myself to the next level and I always liked American CFA because of its curricullum, global acceptance and also my company provides sponsorship for this course. But I always thought it will be a little touf for me to pull both CFA and job together and now wen I finally decided to take up American CFA the recent controversy spoiled my plans since they have stopped enrolling any new students.
I always knew for a fact that ICFAI MS finance has a good crs content but what really stopped me is the the way ICFAI has been involved in the university status mess and also about the global recognition of this prog ... as I wud like to settle in US at later stage. But I truly recognize the content and crs structure...
Now I want to pursue my career in finance and would like to start up a course ASAP. can anyone advise me what should I do?
Is there any other comprehensive finance crs like CFA (AIMR) or MS finance (ICFAI) which is free from controversy and globally recognised?
Hi everyone.... I have been silently observing this thread for quite some time now and I must say people on this thread are well read and have good knowledge base.
Well i have few doubts and I am in a virtual dilemma about what to do.
I am working in Genpact, Delhi in a F&A; process and have been a part of team which went to US for training for two months... I have an experience of around 1 and a half year. I completed my grad in 2005 (B.Com) tried my luck in CAT but cudnt convert in a big B scool (got calls frm Welli, IMT Nagpur) Since then I have been focussing on my job and now is the time i really feel a need of a good finance course to take myself to the next level and I always liked American CFA because of its curricullum, global acceptance and also my company provides sponsorship for this course. But I always thought it will be a little touf for me to pull both CFA and job together and now wen I finally decided to take up American CFA the recent controversy spoiled my plans since they have stopped enrolling any new students.
I always knew for a fact that ICFAI MS finance has a good crs content but what really stopped me is the the way ICFAI has been involved in the university status mess and also about the global recognition of this prog ... as I wud like to settle in US at later stage. But I truly recognize the content and crs structure...
Now I want to pursue my career in finance and would like to start up a course ASAP. can anyone advise me what should I do?
Is there any other comprehensive finance crs like CFA (AIMR) or MS finance (ICFAI) which is free from controversy and globally recognised?
Welcome to the forums. It is good to hear that you are working with Genpact and have got transition/migration experience. If you go back to previous posts, we have another person working in Genpact bangalore as senior consultant is a qualified Ms finance. I am also doing Ms finance and my first target is to try to get into genpact gurgaon in corporate investment banking (Wachovia research).
ICFAI is a university and there is no controversy regarding its university status. Although CFA controversy is now solved for the time being, but i agree it is a tough decision to decide the course. My 2 cents: You should do ms finance from ICFAI. CFA, CA, CS, ICWA, CIMA are professional charters while master in finance is a degree from a university. Your work experience will help you to settle in US. It will take you 3-4 years to complete your masters since you are working full time.
Other courses which comes in my mind are CIMA, CIIA or genpact sponsored MBA courses.
Welcome to the forums. It is good to hear that you are working with Genpact and have got transition/migration experience. If you go back to previous posts, we have another person working in Genpact bangalore as senior consultant is a qualified Ms finance. I am also doing Ms finance and my first target is to try to get into genpact gurgaon in corporate investment banking (Wachovia research).
ICFAI is a university and there is no controversy regarding its university status. Although CFA controversy is now solved for the time being, but i agree it is a tough decision to decide the course. My 2 cents: You should do ms finance from ICFAI. CFA, CA, CS, ICWA, CIMA are professional charters while master in finance is a degree from a university. Your work experience will help you to settle in US. It will take you 3-4 years to complete your masters since you are working full time.
Other courses which comes in my mind are CIMA, CIIA or genpact sponsored MBA courses.
Thanks a lot Babu... I really appreciate your thoughts and I think MS finance is a good crs... Hey even I am a part of Wachovia.... Wealth Management (Corp Fin)... I was a part of the team who transitioned 1st process of Wealth..... and i am based out of Delhi IT park office.....
Hi,
Since you are working in Genpact F&A;, CPA from AICPA is one good option. You can complete that in fasttrack since there are only 4 papers. I think Genpact will sponsor the cost of CPA. Even it doesnt sponsor, it will be good if you can get the visa to US and take the exam. There are lots of opportunities for CPAs in US and India. Flip side of this course is, it will not give good exposure to Finance subjects. You can become a good accounting and tax professional with this. Good side is, you can complete that in 6 months. This is just another option apart from CFA.
00000000000000000000000000
Can any one asnwer this question?
Is it advisable to study from Study Guide and Work Book instead of Text Book and Study Guide.
What is the difference between Text Book and Work Book.
Is there any specific methodology for studying in lesser time.
Since, I am working I am finding it increasingly difficult to devote adequate time. At present, I study for 3 - 5 hours daily, even then I am finding it very difficult to give an attempt every 6 months.
How do you people manage the studies.
Hi ketan,
i guess u r in Grp Alpha,nd which stream r u from,coz reply u a lot depends on that.whn r u planning to give ppr in july or oct.
if u r from non commerce side i vl suggest u to tk weekend coaching from them as u r doing this to gain unerstanding nd unless nd untill u r not clear with the basics of whichever subject it is,its hard to show ur competencies in ur work,as u might score in xam but u hc selected doing this o add some value to ur profile.
now lemme tell u abt me,i m from non finance bakground,nd wrking in IT Firm. i had joined weekend batches at pune.here i find it very easy to understand the material nd specifically wht Faculty says is u need not to go thru whole text book u can,from scoring perspective u should concerntrate more on workbooks nd studyguide as these will give u idea abt xam pattern...but if u r new then i doubt u can understand anything from workbook.......
so wht i suggest u is u give ur profile details then v can chalk out some strategy for ur ppration dude....:),for which u can PM me.
HOPE THIS HELPS KETU:satisfie:
NOTE TO ALL: NE1 FROM PUNE GIVING GRP ALPHA THIS JULY
-Chaits
Welcome to the forums. It is good to hear that you are working with Genpact and have got transition/migration experience. If you go back to previous posts, we have another person working in Genpact bangalore as senior consultant is a qualified Ms finance. I am also doing Ms finance and my first target is to try to get into genpact gurgaon in corporate investment banking (Wachovia research).
ICFAI is a university and there is no controversy regarding its university status. Although CFA controversy is now solved for the time being, but i agree it is a tough decision to decide the course. My 2 cents: You should do ms finance from ICFAI. CFA, CA, CS, ICWA, CIMA are professional charters while master in finance is a degree from a university. Your work experience will help you to settle in US. It will take you 3-4 years to complete your masters since you are working full time.
Other courses which comes in my mind are CIMA, CIIA or genpact sponsored MBA courses.
Hi Babu/Tumtum
Arif once again had to postpone the enrolment by few months,Please advise the acceptability and feasability of of doing CFA from ICFAI, Tripura instead of MS (finance) and being the easier version of CFA how long it should take to finish it off?
and after completing CFA from ICFAI tripura what exemptions shall i get for MS (Finance).
Also,request your feedback on the industry acceptability of this course,if you are aware on this ?
Rgds
Arif
Thanks a lot Babu... I really appreciate your thoughts and I think MS finance is a good crs... Hey even I am a part of Wachovia.... Wealth Management (Corp Fin)... I was a part of the team who transitioned 1st process of Wealth..... and i am based out of Delhi IT park office.....
Thats good. Are you working as PA/PD?
I am targetting business analyst position in investment banking after completing CFA. Lets see kya hota hain !
Hi Babu/Tumtum
Arif once again had to postpone the enrolment by few months,Please advise the acceptability and feasability of of doing CFA from ICFAI, Tripura instead of MS (finance) and being the easier version of CFA how long it should take to finish it off?
and after completing CFA from ICFAI tripura what exemptions shall i get for MS (Finance).
Also,request your feedback on the industry acceptability of this course,if you are aware on this ?
Rgds
Arif
CFA in both cases (Ms/MFA) are almost same. I mean the knowledge which you get will be same although paper structure is different.
In ms finance, you do much more and covers everything under finance. In MFA, you do subjects related to stock markets.
I think MFA/CFA is real good.