Need some Opinions on CFA

keepyourshirton · December 22, 2009, 6:46am

See, CFA can be managed with an MBA(if you are doing it from a top institute you tend to give more priority to your MBA and treat CFA as secondary, and more often than not since there is much of an overlap in the syllabus you end up cracking CFA exams too) but doing CFA and CA simultaneously is not advisable. Both the courses are very daunting requiring considerable time and attention, the worst part is there is not much of an overlap.
Think about it.

All the best.

PS- Don't worry about the test centre, it should be held in Mumbai. If not in Mumbai it'll be held in Kathmandu. No Passport needed. Not that you'll not need it at all, it's always better to have one made:)

akashkedia2002 · December 22, 2009, 2:09pm

thanks a lot....
but my CA final exams are 3 years later since i am in d new IPCC format...so i have ample time n want to pursue CFA since my interest totally lies in finance

nikhil_thakur · December 22, 2009, 4:36pm

While preparing for my own CFA, i also did this short term course from KPMG to learn the basics of IFRS since it was reported that India was going to change over to this new reporting format. It was a pretty decent course, check it out programs.niitimperia.com/ifrs/IFRS.php?smo=pg

darius · December 24, 2009, 11:01am

@ keepurshirton

Dude, can you enlighten us about your experience of Dec L1 Paper ? How difficult was the paper ? which part was the most tricky ? what would be your advice for June L 1 takers ?

Let us know about your background as well

cheers

jasprit.s.uppal · December 26, 2009, 6:37pm

hey seniors, I am new to the forum. I want to get your inputs on the why CFA part right now.

Currently I am working as a business analyst in a KPO with significant consulting interface profile. In course of 2 years as an analyst I have come across and used financial terms and calculations spordically and mainly my field is business research and process analysis.

MBA plans are on hold, as my target is top 50 gmat schools for which I need atleast 4+ kick ass exp and good acads. So in all honesty started searching ways to fill up the gap. CFA topped the list (distance MBA is really distant).

Official version is that I have developed some basic understanding of (qualitative) financial modeling - NPV, business case, cash flow analysis - and would like to formalise my learning.

My background is engineering, not from IIT/DCE/NIT/Govt. 😞 and high level understanding of financial terms. Request your inputs on building the case for CFA.

Cheers!!
Jasprit

ranjeet_1975 · December 27, 2009, 4:53pm

hey seniors, I am new to the forum. I want to get your inputs on the why CFA part right now.

Currently I am working as a business analyst in a KPO with significant consulting interface profile. In course of 2 years as an analyst I have come across and used financial terms and calculations spordically and mainly my field is business research and process analysis.

MBA plans are on hold, as my target is top 50 gmat schools for which I need atleast 4+ kick ass exp and good acads. So in all honesty started searching ways to fill up the gap. CFA topped the list (distance MBA is really distant).

Official version is that I have developed some basic understanding of (qualitative) financial modeling - NPV, business case, cash flow analysis - and would like to formalise my learning.

My background is engineering, not from IIT/DCE/NIT/Govt. 😞 and high level understanding of financial terms. Request your inputs on building the case for CFA.

Cheers!!
Jasprit

Hi! I am on same boat and need some suggestions. Please anyone can guide us

akashkedia2002 · December 28, 2009, 5:17pm

hello everyone...

I have a minor querry....
I was just checking out the CFA INST home site n found out that the topics for all the 3 levels are same...
Can any1 tell me whether the study material is d same too ?
If not, then how significantly the material changes ?
and whether d difference between the 3 levels is just abt format of d questions or its d difficulty too ?

spin_on_things · December 28, 2009, 5:31pm

Hi All

I am an electronics engineer passed out this year having 87% aggregate. Iam pursuing post graduation in arts stream(economics+business concepts) from a reputed university.I have interest in finance and want to do a specialization course in finance something like CFA.But the problem is that as I am absolutely new to this concept I have little idea how to go about the whole stuff,where to start,when to start and how to start,am I eligible and how much time do I need to devote to CFA besides my post graduation,about the examination structure,scope for engineers,career prospects etc.I desperately need some help regarding these matters from all of you who have either done or doing CFA course.

Thanks in advance

akashkedia2002 · December 30, 2009, 4:56pm

thanks a lot :)

I will be giving my CFA exams in Dec 2010.
I reside in Calcutta....
Should I look for any coaching classes n all ?

and how to manage the Institute books for 2010 asap (as the deadlines for Dec have not been announced yet n so cant registered for dec) n schweser notes too coz i want to start early

keepyourshirton · December 30, 2009, 9:03pm

thanks a lot :)

I will be giving my CFA exams in Dec 2010.
I reside in Calcutta....
Should I look for any coaching classes n all ?

and how to manage the Institute books for 2010 asap (as the deadlines for Dec have not been announced yet n so cant registered for dec) n schweser notes too coz i want to start early

Read schweser till January end (When deadlines for Dec exam will be announced)...you can start off with quants and then proceed further with economics. take your own time and try to have your concepts clear .you can get schweser notes from Laxmi Photocopy, Bombay. I have PMed you the number of Laxmi.

cheers!

akashkedia2002 · December 31, 2009, 4:23pm

ok...thanks again ! 😃

one more thing....from when are the schweser notes available there at Laxmi Photocopy, Bombay for 2010 ?
and approximately..how much shall it cost to me ?

shd I stick to schweser only or a mix of the CFA Inst books ?
what should be the blend i should use....
provided my background is..

Commerce at +2
Doing B.Com right now
Cleared CA 2nd level ie CA 2nd last level...CA inter
A beginner's knowledge of the stock market

Also can u tell me what kinda package one can expect to get being a CA + CFA ?

keepyourshirton · January 1, 2010, 8:39pm

ok...thanks again ! 😃

one more thing....from when are the schweser notes available there at Laxmi Photocopy, Bombay for 2010 ?
and approximately..how much shall it cost to me ?

shd I stick to schweser only or a mix of the CFA Inst books ?
what should be the blend i should use....
provided my background is..

Commerce at +2
Doing B.Com right now
Cleared CA 2nd level ie CA 2nd last level...CA inter
A beginner's knowledge of the stock market

Also can u tell me what kinda package one can expect to get being a CA + CFA ?

Shweser notes should be available in a couple of months. why don't you just call them up and ask. It would cost you around 1000 bucks.

Great you passed Inter! Nov results out so soon? At the moment you should only read CFA books for you have close to a year's time.

akashkedia2002 · January 2, 2010, 2:27pm

The results are not out.....but still I dont really think that I will pluck in any paper....unless the examiner goes absolutely crazy :)

ok....i will call them...thanks for the number...
and will start preparation as soon as i get the books or material.

One more thing....I have 2009 L1 CFA Inst books with me as well as schweser....should I start with them ?

and do u have any idea of the remuneration one gets after each level of CFA or after L3 ?

89639 · January 5, 2010, 1:12pm

hi,Can someone please inform that if i couldnt clear 2010 june(L1) exam
then i can appear for 2010 december(L1) exam without paying the fees again

????

akashkedia2002 · January 5, 2010, 1:21pm

hi,Can someone please inform that if i couldnt clear 2010 june(L1) exam
then i can appear for 2010 december(L1) exam without paying the fees again

????

HI
no cannot appear without paying the fees again...
the only fees adjustment allowed is that if u register for giving L1 exam in june i.e registration + program enrollment fees paid.....and u dont appear in June then u can carry forward only the ' registration ' fees paid to immediately succeeding december.

89639 · January 5, 2010, 5:03pm

Thanks for the needful information..so if i get flunked in june 2010 and then appear again for december 2010 then i need to pay only $600 instead of full amount of $1000??

akashkedia2002 · January 6, 2010, 2:30pm

You are welcome dude....
nope if u dont appear after paying for june then u shd pay $600.However if u flunk then u will have to pay full $1000 for appearing again in dec.

ashish_abraham · January 6, 2010, 5:02pm

You are welcome dude....
nope if u dont appear after paying for june then u shd pay $600.However if u flunk then u will have to pay full $1000 for appearing again in dec.

if u flunk in June, u wont have to pay the one time enrollment fee in Dec... So that 400 dollars or so is saved... And you don't have to pay for the materials again because study materials are the same for June and Dec.

akashkedia2002 · January 6, 2010, 6:07pm

ashish abraham Says
if u flunk in June, u wont have to pay the one time enrollment fee in Dec... So that 400 dollars or so is saved... And you don't have to pay for the materials again because study materials are the same for June and Dec.

OK....according to what i had come to know previously is that on flunking u need to pay in full again..

venki.taurus · January 6, 2010, 7:29pm

I was going through some career options in Finance and I came across CFA International. I would like to know where in Pune can i get complete information about this program? Secondly, are there any institutes in Pune where classes for CFA are held? Kindly reply asap as I would be looking to enroll in the June examination.