How many of you guys have passed the CFA, would you say its worth it? Has it helped in your career?

How many of you guys have passed the CFA, would you say its worth it? Has it helped in your career?

Taking level 2 in June, on US west coast

Why did you have to post pornography?

Got the charter in 2012 and got a nice pay raise at my job. I haven't actually tried to switch jobs since I earned it (currently have a good job in private equity) but I imagine it would help quite a bit. If there is an active CFA Society in your city, you'll find a lot of networking opportunities. I also get more random recruiting messages on Linkedin since I've had the charter.

People who have earned the CFA have a lot of respect for other charterholders because they know what it takes to pass those exams. Good job getting through L1. I found L2 to be the hardest (failed my first time). There was just a lot more material than L1 and it was much more in depth. L3 wasn't a cakewalk, but it was a lot more focused on asset management and there was a lot more qualitative material than L2.

Thanks for the input, good idea to check out those CFA society meetings, I've been ignoring them

Can I ask what you're making? Do like the work you do?

I was thinking about going the CFA route or actuary.

I passed all three levels but no longer work in the industry. Level II had the most intellectually interesting material, while Level III had the most financially and professionally relevant material.

I personally don't consider passing the CFA exams impressive because I've met a lot of really dumb charterholders. This is a minority view, though, as CFA charterholders tend to be highly regarded. I will say that, from my experience, CFA charterholders on average tend to be a little more competent and intelligent than their non-CFA charterholder counterparts, but that's not saying much.

It will only help you in your career.

Pic related--my Level II score.

Does your mark matter or having the credential is usually sufficient?

As long as you pass the designated performance line you get the certification

Score, while important in letting you know where you are with the material is never revealed, you just pass or dont pass

Dunno if totally thread related, but heavily considered the CFA, as maybe half the people in my office are in some stage of it. I decided against it since I'm going to get an MBA regardless of having a CFA so I don't think it adds anything for me. Also I think it narrows what I can do later in life.

Tell me if you guys think I'm nuts

I'm 31 and make about $120k base. I'm sure I could bump my salary in the short term if I looked for something else, but I'm going to get ownership in my company in the next few years and probably see my compensation increase by 50% or more at that point. I like where I'm at now and I don't work crazy hours most of the time (usually only about 50 hours a week unless there is a ton of stuff in the pipeline). I have a kid, so I'm finding time is a lot more valuable to me than money.

>T. Low test numale

it's science

Any specific study guides you recommend? Schweser? Reading cfai text cover to cover?

You're nuts for thinking that it would somehow narrow your options, but not for not taking it.

I only ever used the CFAI curriculum. Some people swear by Schweser, but I've heard too many people say that Schweser has too many holes. The CFAI curriculum may be boring and overly-detailed, but it's also comprehensive.

I used Schweser (and the CFAI books) for L2 and L3 after I failed L2 the first time using just the CFAI books. I found Schweser to be easier to read and it did a job identifying and drilling key concepts. I bought used Schweser books from the previous year's tests for way cheaper than the new price. 95% of the curriculum is the same from year to year and CFAI publishes a list of what changes in the curriculum each year.

Describe a typical days work plz...

Only asking because I wonder why a job requires 50hrs per week.

I can't imagine working for that long at any level of intensity beyond "meh"

Should a 21 YO college student getting an MBA earn CIPM before entering the work force?

Why are you getting an MBA right out of undergrad
Its not a fucking graduate degree

Huh? My situation is unique. I have money and time because I am actually four years younger than I should be right now in school. I'm just an advanced student.

Is CIPM worth my time?

>MBA
>Masters of Business Administration

>"it's not a fucking graduate degee"
u w0t m8