hi guys,
m currently working in wealth management profile. planning to do cfa as i have heard and seen in this thread thats its an good option. do u think my work exp in the same profile will help me for the work exp required for getting cfa charter. and do u think cfa can be beneficial for my career.
that will be so great if anyone can suggest me on this. m following this thread from so long...
thanks in advance
hey,
great thread guys!
how is the wealth mgmt diploma from ****? how is the course content and faculty?
Cheers!
Tanya
Please send me a Draft Of CFA Bill 2007 at
Hi ,
I have got a question. We have an illustration 13 on pg 84 of the ICFAI text book. Could someone clarify how the PVIFA on this page calculated. I get a different number when I try to calculate.
For those who do not have the book. Please find the problem below.
A loan of 1,00,000 is to be paid in 5 equal installments. If the loan carries the rate if interest as 14 pa .. the amount of each installment can be calculated as below
R * PVIFA(14%, 5)= 100000
R= 100000/PVIFA(14%, 5)
R= 100000/3.433
= 29129
I did (1+0.14)^5 on my calculator and i get this as answer = 1.925
can someone explain how this PVIFA has been calculated. Is it not (1+K)^n ??
Thanks
Mohit
hi ,
i have got a question. We have an illustration 13 on pg 84 of the icfai text book. Could someone clarify how the pvifa on this page calculated. I get a different number when i try to calculate.
For those who do not have the book. Please find the problem below.
A loan of 1,00,000 is to be paid in 5 equal installments. If the loan carries the rate if interest as 14 pa .. The amount of each installment can be calculated as below
r * pvifa(14%, 5)= 100000
r= 100000/pvifa(14%, 5)
r= 100000/3.433
= 29129
i did (1+0.14)^5 on my calculator and i get this as answer = 1.925
can someone explain how this pvifa has been calculated. Is it not (1+k)^n ??
Thanks
mohit
pvifa = 1/1.14 + 1/(1.14)^2 + 1/(1.14)^3 + 1/(1.14)^4 + 1/(1.14)^5
= .877 + .769 + .674 + .592 + .519
= 3.43
pvifa = 1/1.14 + 1/(1.14)^2 + 1/(1.14)^3 + 1/(1.14)^4 + 1/(1.14)^5
= .877 + .769 + .674 + .592 + .519
= 3.43
why cant we calculate it as once like 1/(1.14)^5... in previous illustration we have done this way ..
hey guys
i need some old paper of group 1
will any1 would help me
Thanks
Dear Ravi!
The CFA program of ICFAI is clear on curriculum content and validations. It does not make any tall claims with respect to other qualifications. So stop spilling beans in the minds of students and let them thread their own chosen path.
Hey guys wake up you have been warned repeatedly not to do the CFA of ICFAI. you may get jobs but most of these are at lower levels with poor salary not commensurate with your efforts. This thread anyways is dying just like the ICFAI (even the website is dead) so what more you need to stop wasting your time. Employers are now insisting on the CFA from CFAI and are aware of the litigation of ICFAI.
It was considered to be good when people were not aware of CFAI and now thanks to the media coverage they are aware that ICFAI is not a very great qualification. It may be good and may have better coverage whatever Tamtum says but what counts is what employer believes.
clearly you have a bone to pick with ICFAI , perhaps something went wrong with your experience , anyhow I don't wish to get into your personal aganeda - whatever that may be.
Point is to not instigate needless propaganda as that just makes you look like a bitter person.
Icfai CFA is based on a totally Indian analysis of financial studies whereas American CFA is understandably american , both are accepted by those corporates which find familiarity with their course content.
I would say that a CFA (ICFAI) is a decent qualification but by no means is it self sufficiant , at best it is an effective supplementry degree and an MBA or subsequent exec. MBA or any other FT course wit it can do wonders for anyones career.
I have no bone to pick with ICFAI as I believe the students are wasting their money and time. I have no experience with ICFAI nor have any intentions to do so (i dont mind having shares in it as it is a geniune money machine considering the way it fools people). There is no Indian analysis of financial studies or American analysis (whats the difference?) this itself shows your ignorance. Also for your informaton Indian accounting standards is changing over to IFRS which is now the global recognised accounting standards so even the financial statements are being done as per international standards and you want ICFAI students to have so called "Indian analysis" whatever that is.
True there is acceptablilty of ICFAI but as I mentioned before at lower rungs of corporate ladder
CFAI results for Level 2 and Level 3 have come and pass rate is 41% for Level 2 and 49% for Level 3. I am sure lot of CFAI candidates are happy with the results while all the ICFAI students can only look at them with envy at their bright future
Tumtum where are you not hearing from you. have you been laid off? no more advise from you - i have done it so will you. no basic understanding of statistics (do they teach it at ICFAI). you cannot say one person does it and hence its true. you need to take a sample of people and what their success has been and see if its significant by doing the hypothesis testing. i hope you know what that is. lol
Wake up guys and ditch this ICFAI and go for the original one and dont get swayed by people like tumtum. the course is dying just like this thread
To my ICFAI friends
It started out in the 12thwhen I had to make a choice between C.A. & C.F.A .(In 2004)
C.A. was the accepted norm for for any Commerce student looking to make career in Finance while C.F.A was picking up and was considered to be even tougher coz of the 9 exams and the passing rates.
When I looked at the course content of C.F.A(+MS(Finance) as it was offered then,i felt that the course was more enriching and had a focus on conceptual learning rather than C.A.
I went through the course and trust me the learning was enriching and the course content amazing.It was truly the right choice knowledge wise.
But today,this mail is not about my experience, its about how awry the course we all gave with all our efforts has gone because of we dont know who.Every Indian CFA today is faced with a certain kind of discrimination compared to the International one and the industry does not seem to recognize its importance(Except for Bank hiring circulars)
ICFAI I feel has degraded its own flagship course today and the focus has now shifted to B-Schools.The program stands abondened,students dillusioned left with no option but to pursue International CFA
I SAY N.R.YASASWY HAD PLEGED TO MAKE C.F.A BETTER THAN C.A. AND PASS LAWS MAKING C.F.A's MANDATORY IN BROKING HOUSES.
The spark and the flame have all disapperaed.So has the focus and association with
Today there are blogs which specialize in degrading Indian CFA christening it as the 'Kachra CFA'
There has been no effort on the part of the institute to salvage it.
There are a few questions which I want you or someone to answer
1)Why is OUR CFA being promoted as a fasttrack degree and being offered in COMBO-PACKS with MBA and other courses.(There was an instance where I saw ICFAI stall at a suburban railway station selling 'CFA Within 18 Months'
2)Why hasn't the Institute started campus placements for CFA when ICAI itself ahs now started palcing Fresh CA's(Forget the tie-up with Alchemist for palcement assistance and Cygnus)
3)Why hasn't there been a constant effort to manage PR in relation to Indian CFA(Micheal Dell founder of 'Dell' himself checks blogs to improve on customer satisfaction)
4)Why has the MS(Finance) accredition been removed?
5)Why isn't CFA offered after H.S.C now as it could be the best alternative for C.A when C.A has gone a step further with making C.P.T available after S.S.C. itself.
I am not bashing ICFAI here its my 'Alma Mater' and I respect it coz it designed a course than gave me immense knowledge and understanding.But I feel on its part it has not done enough
Today I am forced to move on to the 'Gold Standard' i.e. International CFA though the course does not even remotley match up to MS(Finance).
I dont expect a miracle but an action atleast.
Many of us may have moved on to the International CFA or bigger things where maybe the degree may not hold relevance but I just ask for 1 thing even if you gained something from it 'Respect it and Spread it'though me alone can't change the way things function in Tripura or Hyderabad I will still try.I am waiting for my fellows to join me
Also hate posts againt ICFAI by others are just not called for,spare your passion for your exams and clear that is what I have to say
Note:My identity has not been masked for fear but for I am irrelevent,the cause I write for is what I am.
Finally someone had the courage to say that the emperor has not cloths. good show man. guys learn from this man and ditch your ICFAI and go for the real one. Where is tumtum (what a name lol) the real man
why do ICFAI guys say that their curriculum is great and CFAI is not as good. thats bull. i know many ICFAI students (at least 15 so statistically quite high) who did not even clear their CFA Level 1 despite having the ICFAI. So why do they say their curriculum is great. another fantasy
So u felt offended if I had to say ths about international CFA,if this is the case why have u gone about bashing Indian CFA,i dont understand whats your pleasure or purpose,leave it and stick to studying Level 1.And 2 more things 1)about my view of International CFA its personal but its after looking at the papers and courseware2)I dont see the sense in replying anymore to u,this is my 1st and last reply to u.Tc and best of luck
Oh I am so sad that I will not get any reply from you oh i dont know how i will sleep tonight boohoo. You can only comment about CFAI if you have given the exam if you have not dont make judgement out of hat. dream on yucks.
I have no pleasure in putting down a course but do hate it when someone pretends to be something which they are not. if ICFAI was some other name (there are so many such courses) I would not have bothered, but to claim you are something which you are not raises hackles. Even delhi HC says ICFAI is a copycat so that was the issue.
Tumtum where are you, I have been waiting to hear from THE MAN himself about his opinion. Where has he gone. Where is his one page summary of how he made it. Where is his European Investment bank job, oh where are you Tumu