Quote:
Originally Posted by Ulic Qel-Droma
Traders and bankers are totally different things. I'm a trader.
You'll prob wanna ask someone experienced with a CFA about banking.
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It's actually interesting, I am finishing my CMA and writing CFA level 1 a week apart and the material is so different. The CFA exam is a bunch of studying but frankly if you are of average intelligence and put in a lot of studying, I don't see how you can't pass this. No one concept is hard, you just have a lot to remember. I was talking with a member of the CFA institute and asked why the pass rates are so much lower than they used to be and he said it was simply because they are getting more and more marginal candidates trying out for it. Remember, that field is ULTRA competitive to get a job - passing the CFA is absolutely not enough to set you apart and if you don't have the juice (networking, a well rounded resume, and great interview skills) you are wasting your time as even if you pass the exams, you won't get a job in the field.
This is not true in the accounting world where there are enough people competing for jobs without a designation that having the designation gives you a significant leg up.
Mark
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