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Is anyone a CFA??

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I apologize, I shouldn't laugh at the disadvantaged.
 
One of my mates is.

Only did it as he landed a job with as an analyst then decided to do it.

I like the idea of actually getting some work experience first and then deciding what professional designation you take on. If you take on this sort of stuff theres a chance you get stuck in study mode with no work experience.

I like the idea of the co-op year in uni. I have had my pick of jobs since I have left uni including jobs in singapore & hk as employers value work habits before marks.

Im still deciding what professional designation to take up if any. I already have a masters in applied finance which I did whilst working in my 2nd & 3rd years out. Your all right about the Australian Financial System in education trying to find some common ground, its just not there at the moment.

By the way, im one of the good financial planners, if theres such a thing

I think to give financial advice is way to easy in Australia, it should be at least a minimum finance degree, not a 2 week course.
 
It is quite possible that the present Parliamentary Joint Committee on Corporations and Financial Services will suggest that we get rid of all these mickey mouse degrees.

So anyone considering paying out hardearned to become a cfa should think twice about it.

Bernie Ripoll is quite disgusted by the shamans advising people on their investments and bogus qualifications are high on his list.

The FPA are history from what I've been told.

gg
 
Garpal Gumnut said:
Bernie Ripoll is quite disgusted by the shamans advising people on their investments and bogus qualifications are high on his list.

The FPA are history from what I've been told.

gg
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I agree,

A bloke who worked as a labourer said to my dad, I'm going to become a financial planner. I will be up and running in 1 month. After 2 weeks in the AMP academy Would you like to come and see me?

Dads response, How the fu*k can you become a financial planner in 2 weeks. My son went to uni for 4 years then did another thing after that.

I used the above to demonstrate the DFP is a disgrace on its own.

You would be interested to note the Australia's largest Investment Bank is not supporting the FPA anymore. Whilst not publicy admitting it, Employees are speaking out from the banks veiwpoint against the FPA. My company has even taken a stand that professional courses such as CFP are on hold until the outcome of this.

By all means I encourage people to do the CFA course, just have a job first.
 

You are getting CFA confused with CFP....
 
I signed up for June Exam today. I'm not even working in finance sector but curious to see first hand the exam that people fussed about. Hopefully I won't lose too many sleeps and hair over this.
 

Sorry to drag up an OLD thread, but my exam is tomorrow...

GG, do you think there is any value in earning a CA or a CPA?

The CFA has the same sort of ethical framework as these programs coupled with some seriously in depth practical financial knowledge...

To everyone else: The exam is tomorrow, I'll let everyone know how involved it is, I am under prepared and only scored 63% on the practice exam so I'll need to lift to have any hope of passing.
 
888 said:
I signed up for June Exam today. I'm not even working in finance sector but curious to see first hand the exam that people fussed about. Hopefully I won't lose too many sleeps and hair over this.
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Where are you taking the exam mate? I am in SYD
 
OK im seriously considering this now. Looking at signing up in Jan and that will give me 21 weeks to study before the exam.

Will this be enough?
 
prawn_86 said:
OK im seriously considering this now. Looking at signing up in Jan and that will give me 21 weeks to study before the exam.

Will this be enough?
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Prawn, i did the level 1 exam in june 2010 and passed. Im now studying for the level 2 june 2011 exam. I can give you some tips. Are you working during these 21 weeks and is it a new job you just started?

Order the books and get the stuff asap. There is loads of material to go over so the sooner you start the better.

The notes that you can get cut the material back to just the basics, which is helpful as it saves lots of time.

21 weeks is enough time, i signed up end of jan and made it through but my situation may be different to yours.

pm and ill answer any questions and send you some helpful stuff
 
prawn_86 said:
OK im seriously considering this now. Looking at signing up in Jan and that will give me 21 weeks to study before the exam.

Will this be enough?
Click to expand...

Hi Prawn,

Someone like you with financial education background should not have too much trouble passing lvl I. Lvl II and III require much more effort though.
 
Havnt seen anyone in here for a while so thought id bring the thread back to life.

Is anyone doing Level 2 June 2011? Im enrolled for it and keen to chat with other candidates.

If anyone is enrolled and wants to go over particular topics or just talk about any of it im open to anything. Im a bit behind the great schedule i set (finish at least 2 books by Jan) as i havnt even finished book one yet but i should be ok. Hopefully....

Also just a note to anyone considering the CFA program get the Schweser notes as they will save you huge amounts of time.

 
This is very probably threadicide, but I didn't want to start another thread.

I will be taking my level 1 CFA exam in June this year and was wondering if there's anyone in Melbourne interested in a buddy for revision study.
 
Well i bit the bullet and am signed up to do Level 1 in December. I figured by signing up now it will give me heaps of time to study for it as with only a 35% pass rate i want to give myself the biggest opportunity available
 
Anyones Guess said:
I've finished all 3. Just put in the time and you should be fine for Level 1.

Level 2 and 3 are harder. Do all the EOC questions and numerous Mock exams. You have to be dedicated to pass
Click to expand...

Thanks.

Having recently moved internationally time is something I am struggling with now... I will just give it a crack after doing as much cramming as possible. I am averaging about 65% on mock exams, so need to bump that up about 10%
 
prawn_86 said:
How did you go? Any tips?
Click to expand...

Level 1 is broad, not deep, so given you have a finance background my recommendation is to throw away all the textbooks but the economics and ethics ones and just do every practice question you can get your hands on. Twice.

Then read the ethics book, realise its a load of rubbish that you'll never remember anyway and throw that one away as well, and spend a bit of time on the economics as it can trip some people up despite being quite straightforward.

If you can use your calculator blindfolded and you've done a couple of thousand practice questions in good time, you will pass.
 
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