Quote:
Originally Posted by !SG
i wouldnt say the exam is hard, but is nit picky.
the calculations are relatively easy if u have a business calculator. its just formula memorization thats the hardest.
make sure ur material is uptodate, there is always a few questions that test on the slight changes to the rules if there was a revision done.
if ur friend was a CFA, then she would have been 70% profficient already as there is a lot of theories and material covered by both titles.
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The exam isn't even nit picky. Only stupid people think it's nit picky. It's a stupid cash grab because the CSC knows that people have to take it. You don't even need a university degree to take the CSC. Bank tellers with high school diplomas do it!
The CSC gives you electronic materials. That's all you need.
There's maybe 20% overlap between the CFA and the CSC.. if that. They test completely different things. One is a canadian licensing exam that allows brokers to peddle their wares in the canadian securities industry whereas the other is supposedly prestigious designation that tests candidates on their ability to answer bullshit questions that never come up in real life.
CFA: Larry is a portfolio manager who drinks in the afternoons. He does his work in the morning. How should results be presented to clients?
CFA Answer: Larry's alchohol habit reflects poorly on his professionalism and violates CFA Code of Conduct. Had he not had a drinking habit, then results should be GIPS compliant.
Real world answer: No one cares that Larry drinks because his fund is a fully quant and generates returns in excess of 40% a year. In fact, clients love going to drink with him because he is fun.