Need some Opinions on CFA

Jobs & Careers
1806
hi, i have finished B.Sc computer science (3 years course). Am i eligible to appear for the CFA L1 exam. or 4 years graduation is mandatory?.

Thanks in advance,
Kalimuthu
Muscat



yes u can , am giving june 2009 after 3 years of graduation
1807
Yes thats true , Level 1 has that pattern. Level 2 is again a set of 3 hour papers, but with 60 questions each.

Well, today Level 2 results were out and I am Through.......
Level 3 here I come.
Guys following this thread, feel free to contact in case of queries.

cheers
Akshat

Hey Congratulations .......... :-)
Can u please tell about the material for L2 ? The usual question is Schweser enough i.e. did u follow schweser only ? and do we need some different approach for L2 ? Plus any useful information about preparation for L2..........
TIA
1808

Level 3 done !!

1811

One of my friends has registered for CFA level 1 just yesterday. He has registered for the December exam. Now, he has a change of mind, and wants to cancel it. Is there any possibility of a refund ? How to cancel ?

Plzz help.

1813
archbishop Says
Level 3 done !!

hey.. congrats .. so u should be the bes tperson to guide us through the course. please share ur hardship, experiences, time management and all.. and please all the levels.. I am planning to aim for June 09 Level1.. How far is it different from MBA in terms of experience and market vale and knowledge.

Thanks and congo..
1814

Help wanted!!

Is there ne one who can provide hard copy of Schweser material in Pune.
And from where should I purchase the calculator.

Thanks

1815

I have a query about the TI BA II Plus Calculators.The BA II Plus and BA II Plus Profesional are available for 2450 and 3850 respectively with bill at Nehru Place, Delhi. Are these prices fine or am i being overcharged?

Also, in case somebody knows the exact location where I can get the calculator with bill at a cheaper rate, please lemme know.

1816

HI,

Can anyone tell me that for the first level CFA US costs around Rs16000 or not and wil they provide all the study material also for it or they will charge extra for it...wud be grt if any one can tell me abt any ofice in NCR ....fro CFA US..

Thanks

1817

Finally the long journey that started bout 2 yrs back on PG ended this week with clearing the L3 exam...

I was once very active on this thread but now work commitments and other issues have made me quite infrequent over here .

So my apologies in advance since I won't be answering any PMs or queries ,I guess there are now enough active to do that.

Finally as one of my last post some advice on my experience on the CFA exams:

1. CFA is a simple exam so try to keep simple, there is no need to delve into advanced theory you may do some topics for your own knowledge but this is not required for the exam.

2. CFA tests breath and NOT depth so it is far more important to complete the courser and re revise it rather get stuck at concepts ,if you do not understand something at first skip it and get back later when you have time left otherwise leave it..

3. And finally for all the 3 exams I just stuck to the Schewser notes,never gave any practice tests or did anything beyond them.The CFA book I feel are useless ,had to take them in L3 but didnt study from any on them .
I feel you just cannot complete the course with such voluminous material.

Anyways signing out for the time being ...

Best of luck to all future aspirants...

Rajat

1819
rajatb,thanks for the lovely post and we are happy to have u back,seems like all the exams,be it college,or competitive,are governed by the same rule of equal study+equal revision.....thanks for taking your time out.

Just one query, is stalla as good as schweser? out of the two is there something like which is better? are they on equal platforms? So even for level 3 exams you stuck with schweser notes and did not go for CFA books??? was it tough managing it with your job??

can you say something more about level 3 Rajat..... and yes since u are an MBA from SJMSOM,and thus have a little background in finance(alot i shud say), but as for we ppl straight out of engg college, what would u suggest, go for the stalla course material which is more elaborate or go for the schweser...???


rajatb is an engineer from IITB Not with SJMSOM!
So you are having same background like him
1822

Even I am checking all the sites since morning but can't really find any news on the crucial judgement which was scheduled for today...

Even on the CFA web site there is no update regarding this matter...

Lets hope that the decision comes in our favour...

ravi_dce Says
by the way... today was supposed to be the hearing day for CFA institute in Delhi high court.... what happened to the output....any news... google news is giving nothing at this time.... so anyone any idea
1824

Hi all,

I am working in the IT industry as a SAP finance consultant. Have complete my MBA in IT from a reputed university and have about 4 yrs of work ex in the IT industry. I have an incination towards finance and have domain knowledge in Finance area. Wanted to know whether there will be job openings in the finance industry for a person like me after CFA? as in I would still be a fresher in the finance industry.

Thanks,
Rockk

1825

Hey.. what happened to yesterday's hearing..

I tried searching a lot but could not find anything in this regard...

Does anybody have any idea as to what the hearing was or whether the hearing was deffered.. because there is no news what so ever...

1828

Hi Friends,

The hearing for the crucial case pending has been scheduled for 29th September from 25th August....

So i guess we need to wait for one more month to know the status of test center as India...

Lets hope for the best and wait for one more month..

Buddy .. No news updates regarding that hearing as of now ..
Its very surprising that TV media as well as newspapers have totally ignored that ...
1829

hello everyone,

is anyone going to bangkok for taking CFA '08??...i am in pune and would love to go along with you...can stay together as well..
please reply


1830
HI,

Can anyone tell me that for the first level CFA US costs around Rs16000 or not and wil they provide all the study material also for it or they will charge extra for it...wud be grt if any one can tell me abt any ofice in NCR ....fro CFA US..

Thanks

dude, i think u have misjudged the numbers.. its approx 40000 for the first level.. check on the CFA site..
1831
hi akshat that is indeed incredible that you have cleared the L2
so could you please share some insights on your preparation startegies for the L2:
1)what course material did u use(like stalla scheweser) or did u rely completely on books
2) how did you balance it with your job or were you preparing for it full time,
3)what other things should people keep in mind while preparing for the level 2 exams,some insights that u thing might be useful to share with us
4)in what time frame did u prepare for the Level 2
5)so post level 2,is it truly proving to be a career enhancement thing if you are already in the finance industry after ur MBA or some other degree or are you looking for a job post level 2 and how is it proving for you

congrats once again akshat



My apologies for being so late in responding. Things are moving really quickly here at Lucknow so its hard to log on to pagalguy.
Well its my 1st term at IIM L so i took the test before joining this place. I was working when i took the test. Both level 1 and 2

I would agree with what rajatb said. CFA tests breadth and not depth. Please keep this in mind that all the topics should be covered before the test..
course material used : Schweser. I wanted to use the CFA books but had no time with work. Could hardly study for 100 hours / 3 weeks.
But ideally one should put in at least 2 months/ 200 hours for any level.

Another important aspect is that , people should be able to use the calculators properly. Be thorough with the functions in the calculator. Makes life a lot easier.

I didnt take any tests/online tests.
Level 2 is FSA heavy, so be thorough with that topic. the advantage i had is that i had prepared very well for level 1. So i could link those concepts with level 2 concepts. that made things easier for me.

I am sure i'll be able to leverage CFA during my summers and final placements at IIMs. It gives you a differentiating factor.

Thanks for all the wishes
Unlike rajatb, I aint leaving ths thread for good. So fire in your queries and please be patient as the replies may take 4-5 days.

cheers
Akshat
1832
Hey Congratulations .......... :-)
Can u please tell about the material for L2 ? The usual question is Schweser enough i.e. did u follow schweser only ? and do we need some different approach for L2 ? Plus any useful information about preparation for L2..........
TIA


dude, i followed schweser and only schweser for L2. I had no time to do any other thing. Ideally i wud have used the schweser pro software. It has a good question bank of arnd 5000 questions.

topics one should focus on for CFA level 2 are : FSA, Ethics, Derivatives (especially exchange rate and credit derivatives)
If u can score in these, the rest are a piece of cake.

chalo , more later, gotta run

cya all
1833

Hi akshat

congrats for clearing L2 .I took L1 in june 2008 and couldnt clear since I fared badly in Quant and Ethics ...I guess I failed to cover entire portion or rather failed to remember the concepts when it mattered .I have regd for dec 2008 exam , but I am really finding it hard to remember every concept from all 10 areas .I have again started to read from the begining and hope to keep a month before exam for revision .It would be great if you could give any thoughts abt my preparation also feel free to differ.How did it work for you ??

1834
Help wanted!!

Is there ne one who can provide hard copy of Schweser material in Pune.
And from where should I purchase the calculator.

Thanks


There is a Kaplan office on FC road diagonally opposite to McDonalds. It is in the building next to a Chinese restaurant ( China Town I guess). Contact justdial at 6999 9999 to get the exact address.