any one in gr.D.......need help.........
Hi Both Jai Ho Jai and an Indian CFA, Having studied DBF both of you have raised some valid points but (Jai ho Jai) clear the US CFA (Unofficial to call CFA in the UK - the former Colonial Power of the present US). As a student I can understand your inexperience and frustration. You are right Indian CFA promised the stars and doesn't even have, a firm ground either it has to make its CFA a statutory body on the likes of CA(the prestigious and Apex accounting body), CWA or CS else it should change its Brand name itself , its very simple the MFA dropping CFA and then it could negotiate an out of the court settlement from US CFA (getting richer at our expense which you rightly pointed which Icfai is very good at) , any ways its a legally approved university and functioning as such. "an Indian CFA " you are right the Indian CFA course content and RIGOR is no match for the US CFA, I am no way demeaning the US CFA or CA I respect them both that's what Indian CFA has taught me (after it squeezed close to a lakh from me without even a valid degree) , but I will respect the Indian CFA for its rigor and course coverage nevertheless. There is no point in going to history everybody knows the facts(they can visit Wikipedia on the trademark disputes of article titled "Indian CFA") but I HAVE ONE MESSAGE FOR THE INDIAN CFA STUDENTS (NOW PURSUING MFA) having committed money and time treat your degree as just an MFA but try to gain knowledge like a CFA and then do CIIA -(ONE AND ONLY) the truly international investment designation that has the claws and biting power than the US Cfa ,I am currently doing CIIA and left delta though they would give me the Indian CFA. CFA-CPA , CFA-MBA , and all the permutations and combinations of these are marketing gimmicks and tactics please dont go for them they wont add any fizz any body can call any body without being somebody As for as current MFA there is no bar from Indian financial institutions like SBI,RBI, AMFI, IRDA etc and the many banks(private and public sector) in India which values and employs the Indian CFA)MFA , you have the advantage of over 8000+ now close to reaching 10000 already well established Indian CFA's to network who are in top positions in all Indian financial bodies. the present CFA's are no doubt strugglers - This has to be - do you know? To be a US CFA you need 3 years of valid Finance/Investment (Capital markets) experience no body is fresher hence comparing MFA with US CFA which are poles apart is ludicrous. MFA degree holders have to eventually back it up with MBA or CIIA or MA(economics) etc to find themselves sailable. Big talk about US banks and financial institutions is so kiddish the Finance sector is pathetic I saw my favorite financial institutions like Lehman Brothers , AIG, Ford corp,Fredie mae etc ...,,(huge list). fall to dust JAI HO JAI (the were managed by ????? - ur US CFA's) Do you think doing US CFA americans or any other corporations else where are going to hug you and take you with open arms .The job scene in the US finance sector is a damp squib(pathetic and worthless with so much down sizing). Focus on your studies and try to find a place in the Indian financial sector - Buddies its real green out there , its going to be spring soon. (lot of employment opportunities out there SBI, UTI,HDFC a host of Indian and other multinationals) and for TUM TUM - believing what you wrote if real I appreciate and respect you for the man you wanted to be and are. I won't be writing here as I have no time left with my professional and personal commitments, of course I am a nobody I salute all the great souls on this earth movers and shakers , Change Makers and creators and shapers of their own destiny. I am a very small person. I wish you all the very best every body on this page (includes JAihoJai and anindiancfa ) I believe tumtum has no time to spare once he is moved up the corporate ladder. Prospective students see the icfai CFA(so-called) as just an MFA - one of the many obscure Indian degrees from host of Indian universities. PRESENT students do your MFA - study like a CFA and finally become a CIIA.
what is wrong with the icfai site??
jaihojai SaysTumtum 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
Aha ! One mother of a battle again ! Good JaiHo that you are raising this contentious issue.
I think a lot has already been said and discussed about the issue you want to rake up, so frankly speaking, you raking up this whole thing again is not really sensible and does no value add to this thread.
Secondly, if people are studying for the ICFAI CFA, then be it ! They must have made a decision only after weighing all the pros and cons, right? If they have made a decision to study for it, I don't know why it frustrates you ! Frankly, if someone would study for the US CFA, it wouldn't frustrate me !
Thirdly- as far as the discussion sticks to CFAI v/s ICFAI, its pretty healthy, but if you look at the language you have begun using, it speaks of a frustrated mind.
For your information- I am intact- I have not been laid-off. Rather, much to your dismay, I have just been promoted. I have been back after enjoying a long vacation post my promotion.
I think you need to remove your frustration-
I will PM you my fone number. We can have a healthy chat and all your misconceptions about employers undervaluing ICFAI CFA can be cleared. I have years of experience to back my claims and i have no doubt about anything that I speak on the forum
Just take care of yourself and check your PM- I have given you my number, we can have a good healthy chat so that you can see reality.
Regards.
After my level 2 pass I had a wonderful vacation to South East and am back fresh for a new challenge. finally TumTum is back from hibernation and am looking forward to the challenge. Tumu where did you see the frustration. I am disgusted at the way ICFAI is being projected. I really would not care if the Indian CFA was called MFA or ZFA or whatever but not CFA. There are lot of qualifications in India like CA/CS etc and I never say anything about it and in fact encourage people to do it. But not the ICFAI they are basically crooks and this is what the wikipedia has to say about them:
"In recent times ICFAI has become the most criticized university on internet. Most of the complains are regarding the money laundering policies and fake claims regarding recognition and affiliation of the courses offered by this University. In fact, in recent times students of this university were engaged in violent protest at Bangalore because the engineering course offered by ICFAI at Bangalore Campus was not recognized by AICTE"
This is the same institution which under various outfits in India offers various courses some of which are legal and some of which like CFA, CPA are patently illegal and a copy of well known designations. You may say that its recognised and that and this but everyone in India knows that you pay some money and everything is possible.
There is nothing wrong in my attempts to stop people from pursuing a qualification which is worthless and not even worth the scrap value. Like any good fund manager would say dont throw good money after bad money. So even if people have spent money so far its never too late to change. Earlier people were not aware of the distincation between ICFAI and CFAI and there was good acceptance but slowly people are realising this. TumTum benefited at a time when this distinction was not all that clear and people need to understand that over period of time duplicate always has less value than the original even if people shout from the roof top that they have better course content and suited to Indian conditions (refer to my earlier postings on my views regarding this).
Tumtum dont get personal and send telephone numbers its useless.
Freedreamer, man what do you write it really difficult to understand your ramblings.
jaihojai SaysAfter my level 2 pass I had a wonderful vacation to South East and am back fresh for a new challenge. finally TumTum is back from hibernation and am looking forward to the challenge.
First of all hearty congrats for clearing L2 of CFA. See the whole point why ICFAI was set up was to collaborate with the CFA Institute (earlier it was called AIMR) and administer the CFA program in India (this was in the early 1980's). For the purpose, it was CFA Institute who assisted ICFAI in getting the CFA trademark registered in India since ICFAI was under the aegis of CFA Institute.
To facilitate this joint effort, Alfred Morley (the then president of AIMR) was also on the Board of Governors of ICFAI and also briefly headed the exam committee of ICFAI (see your wikipedia for details).
It was at some point in time when some people in ICFAI wanted to have some modifications in the CFA course curriculum that there began a dispute with the CFA Institute.
In the times to come, both institutes separated ways. However, the main problem which CFA Institute overlooked was re-registering the CFA trademark in its own name. It did not do that, hence ICFAI became the official holder of the CFA trademark in India. Its after some years that CFA Institute realized this and consciously began making efforts but ICFAI by then had established itself and was not willing to give up the trademark. Thus the legal battle.
However, legal issues aside, I don't find anything inferior or "copycat-like" or demeaning in ICFAI because contrary to what people say on the forum, my experience has not at all been bad with ICFAI. Many people have this that CFA Institute's CFA will be preferred over ICFAI- but frankly, I have never encountered any such problem till date. Not even when the question of getting promoted is concerned. And this is despite the fact that there are many of your "original" CFAs in our team.
Genuinely believing in a course is one thing and demeaning another course because of your beliefs in a particular course is another. That is what evidently brings out the frustration that I see in you. Look at any of my posts, you will never find anything against CFA Institute. In fact in one of my posts I have also praised the CFA Institute for a rigorous program. But just because CFA Institute program is good does not imply that ICFAI's program is of "scrap-value" as you perceive !! Its not mutually exclusive my friend ! I have always maintained that say what the world may, my experience with ICFAI has been very good and much in contrast to the propaganda that is being carried on against it.
Secondly, do you feel that WikiPedia is the ultimate epitome of truth? Remember that it is an organization that works on "sponsorships" and that it is open-source. It predominantly reflects the views of Americans who moderate the content that is posted on the website. There is a lot of content on the website that can be disputed- my request is that don't take things too seriously.
Thirdly me benefitting at a time when the difference was unknown is so so baseless an observation dude ! The ICFAI was banned in US/Canada in 1997 and the court battle between the institutes in India dates back to 1999-2000.
I completed my course in 2004 so benefitting unfairly is the last thing you can accuse me of dear!
In all of your observations, I see that your whole point of frustration is that why are the ICFAI charterholders called CFA. But have you gone into legalities? The CFA that ICFAI NOW offers is registered under ICFAI University Tripura (I am not commenting whether its good or bad) and that it is perfectly legal for it to offer this course.
I do have to say that I am not here to argue or pick up a duel like you would have wanted- but yes, I WILL NOT BELIEVE IN WHAT THE WORLD SAYS BECAUSE MY OWN EXPERIENCE WITH THE COURSE AND ITS RECOGNITION HAS BEEN REALLY GOOD (especially not what some website somewhere has criticized something). Thankfully, the employers don't have such tainted and jingoistic views like you so I don't think ICFAI students need to worry.
I am not convincing anybody here like you are Jai Ho- I am merely stating my observations.
This thread is for people who want to study the course and would like to network and share resources for that. I don't understand what sense of vindication you/others get from giving all preachings about the course being scrap ! If you are so convinced about landing into a fund manager's job post your ORIGINAL CFA, so be it ! All the best to you ! Atleast don't demean those who are studying for it. They haven't committed a crime by studying the Indian version mate!
Have some sanity and maturity when you are posting on a public forum. If not anything else, it will save you a lot of heartburn that you are currently experiencing.
I rest my case here and leave it to you to continue your usual rant of CFA Institute is great (much like a salesman). I have no more time for it- your exams have just completed and you have passed- but I have a job and family to take care of ! All the best for continuing your rants !
jaihojai SaysTumtum 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
Very funny!!
We give you leave of 10 days do that you mug up enough manners to talk to some one on the public forum.
There is not tolerance for personal attacks at PG
jaihojai SaysWake 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
You have put ur point once...we do not wish to hear it again and again!!
jaihojai SaysFinally 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
You could have used the thanks button instead!
jaihojai Sayswhy 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
Do they pay you to say all this.....or you let your personal grudge do the talking?
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.
jaihojai SaysTumtum 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
yet another classic example of presonal attack!
Tumtum dont get personal and send telephone numbers its useless.
Thanks for quoting what we could have read elsewhere...
jaihojai SaysICFAI site has gone just like Indian CFA will vanish in the future
Thanks for the prediction too!
Regards
Pallavi
well
hello Mr Jaihojai or whatever or whoever you are
allow me to put the knife right through your heart
please visit the following website
www(.)sarkari-naukri(.)blogspot(.)com
& do a custom search for CFA 2009
did you see what u have infront of you
these are a flood of recruitment calls for CFA's from ICFAI from india's best and biggest ,banks ,financial institutions , government organizations
also take note these are government departments & government owned companies , so there is no question of calling for american CFA's
also pleeeeeeeeeaaaaaaaaassssseeeeeeeee take note of the pay packages
also , if you have the time & patience make a count ,in 2009 itself there are more number of recruitment calls for CFA's form ICFAI than there are CFA's qualified till date.
Also if this may be seen as an indication towards something larger , this gives an idea of what is the government of india is thinking,
who knows we may be too too close to becoming a government aided & backed institution like ICAI or ICWAI .
now for tumtum (you repramend me fro posting my e-mail ID , and tell me that I may be taken to task , & now you post ur own phone number , but hay i dont keep grudges , I wont try to take u to task)
Now for all of you people , U guys wasting a lot of time fighting over hear
the true test is the market place, try finding oppertunities available for CFA's in india & elsewhere and post them here
I know I spend most of my time doing that
This will truly help CFA's & budding CFA's & not ur petty fighting
now for tumtum (you repramend me fro posting my e-mail ID , and tell me that I may be taken to task , & now you post ur own phone number , but hay i dont keep grudges , I wont try to take u to task)
I never "reprimanded" you (thats the correct word and not "repramend" as said by you) in the first place.
I did bring it to your notice not to post email IDs on a discussion thread as it is a rule on PG Forums.
BUT I never said that you can't share your email IDs on a private message. Did I? In fact, the moderators themselves ask to share email IDs via PMs and not post it on the forum directly.
There is a difference between Posting your ID/Phone numbers on a thread and sending it to someone via a PM. But ofcourse, you are not so evolved so as to understand this basic difference, are you?
Hope you understand and tone down your language.
Ah
wish someone could read your post that I am refering to & tell you about the tone
you r right i have not evolved :-P
Can anyone here post the January 2010 exam schedule for Alpha & Beta groups (Two year CFA, original course, not the truncated new course) ? I do not have the current datesheet with me.
HI Scorpio,
The exams for Jan'10 would be on 3,10,17th and 24th Jan for Groups Alpha and Beta.
Hi Nidhi, I have papers for Grp 1, if u need PM me your email address.
HI Scorpio,
The exams for Jan'10 would be on 3,10,17th and 24th Jan for Groups Alpha and Beta.
Thanks a lot. I want some clarification about the timings on these days,there are MBA admission tests scheduled on these days, for instance XAT is on 3rd Jan, morning shift, FMS will probably be scheduled around the 10th, & MFC around 17th-24th Jan. Please let me know about the timings for these days.
ANyone there , could just differentiate between CFA & CA , what worths more?????
What I know is , CFA is totally only for financial analysis or say Investments....where as CA is something more than CFA(can say that CFA is just a part of CA?????)
please clear!
will b thankful!!!!
takecare!
Hi Scorpio,
Exam timings are from 10 am to 1 pm, reporting time is 9:30 am.
ANyone there , could just differentiate between CFA & CA , what worths more?????
What I know is , CFA is totally only for financial analysis or say Investments....where as CA is something more than CFA(can say that CFA is just a part of CA?????)
please clear!
will b thankful!!!!
takecare!
Hi Abhishek,
CA is worth doing as compared to CFA. This is just my personal view. It can vary from person to person. But being in a major auditing MNC, surrounded by CAs i can say that.
Regards,
Nidhi
hi puys ,
i dont think that you can compare ca and cfa..:o
both hav diff field of application....
ca has one advantage that it has national signing body..
but dude take my advice if you want to become cfo,ceo of any mnc then you hav to do both as none of these is individually capable of taking you there ....