What is the solution, buddy? A person argues about the 'Fact' and that is most horrible.
The Fact is CIIA conducts paper in 11 languages and that is a big advantage to all non english speaking people. . Isn't? Now CTD pokes his nose, becomes Vice chairman (unofficial) of CFA institute, and here we have a brilliant non finance guy heading towards wall street '(Rumoured Dreams :satisfie: )making an issue of a fact that CIIA conducts paper in 11 languages'. This is funny.
CTD - Visualise a bigger picture rather then small details. Focus all your energy, effort in clearing exams and then having some basic knowledge rather then wasting your time on CIIA 11 language paper setting strategy.
babu bhai something abt course and career prospects
babu bhai something abt course and career prospects
Ameen, Course is divided in 3 levels. Level 1, 2 and 3.In level 1 you get basic knowledge like jouranl entries, cost accounting, economics etc.
Level 2 and level 3 you get knowledge of subjects like security analysis, portfolio management, investment banking , mutual funds etc.
The course fee is arnd Rs 50000 and you can pay in installments.Placement is guranteed after completing the course through placement assistance cell.
Total you need to clear 32 subjects + case studies. You can do course in minimum 2 years. That is if you manage to clear all papers in one attempt you will finish it in 2 years.
CFA AIMR and ICFAI CFA or CIIA is a different course in terms of structure, content, scope, difficulty level.
CFA AIMR guys please participitate in your own thread !! That makes sense CTD !! But No ! Nose poking is our fundamental right
babu ji something abt the course plz stop reacting to aimr people tell something abt course and career prospects p.s asking u for it last time ur wish if u want to reply
Ameen, Course is divided in 3 levels. Level 1, 2 and 3.In level 1 you get basic knowledge like jouranl entries, cost accounting, economics etc.
Level 2 and level 3 you get knowledge of subjects like security analysis, portfolio management, investment banking , mutual funds etc.
The course fee is arnd Rs 50000 and you can pay in installments.Placement is guranteed after completing the course through placement assistance cell.
Total you need to clear 32 subjects + case studies. You can do course in minimum 2 years. That is if you manage to clear all papers in one attempt you will finish it in 2 years.
babu ji something abt the course plz stop reacting to aimr people tell something abt course and career prospects p.s asking u for it last time ur wish if u want to reply
In case if you have something specific to ask, you can ask.
You can seek career in Investment management and portfolio management like equity research, mutual funds etc or in banking and financial services like reatil banking, insurance, credit rating or in international finance and risk management.
Couple of my friends with CFA ICFAI are working in KPOs and kotak investment banking and HSBC asset management etc.
hey babu can u plz tell smthin' abt the placements...?As in the avg , median. lowest and highest sal offered after this course to a fresher... Thanx.
Minimum is 2.40 laks p.a (Rs 20000 per month).Thats what university figure are.
Market acceptance is good, You can expect 3 l p.a pakage upwards. Also depends on overall candidate personality.
Researched Data- My friend with BSC maths + CFA (Completed in jan 2006), no previous experience started working in evalueserve as reserach associate and his CTC is 3.25 lak p.a
Hello buddies, well I have something to say at this moment. Most of you look at CFA as a course or a certification program that you may have alongside other qualifications but my experience is slightly different. It is not just a course but a career option which requires sustained efforts to be cleared. A little bit of reading here and there just wont help. I had many friends who started CFA alongside MBA, but most of them ended up leaving the course halfway because a lot of their time was taken up in their MBA assignments, presentations, tests and projects etc. In the end, some are still studying to finish CFA. The basic fact is that ICFAI guys have structured the curriculum very well and most of MBA students feel that it overlaps with their MBA curriculum but they forget to factor in the depth and width part of CFA, which is just not there in most MBA programs because the focus of an MBA program is quite different from that of CFA. In the end, they suffer and thats how we see few people passing out. In effect, based on my experience, a guy who studies well in L-1 should not face much of a problem in clearing it. However, the real game starts from L-2, which is a steep climb compared to L-1. The subjects that one goes through are Security Analysis (very interesting), International Finance & Trade (a toughie), Financial Risk Management (again a toughie), Project Management (doable with good practice), Portfolio Management (again very interesting) and Investment Banking & Financial Services (the lengthiest of all). What really brings about a difference in L-1 & L-2 is the case study part. In each exam of L-2, one paper is of case study, very subjective and analytical in approach. It aims to make us experts of applying the theoretical concepts learnt in a business situation. Hence scoring in the papers becomes really tough and as we all know, the 55% aggregate has to be maintained at all costs, right? Again L-3 is also very application based. You wont have theoretical questions thrown up at you, but case studies staring in your face in the exams. Added to this is the section on caselets..which are small articles drawn up from a host of sources such as ICFAI publications, globally known financial dailies, and from some finance related websites. If you dont read these, then you are gonna find answering these caselets quite tough because these caselets are just parts of an article, not the whole article themselves. So you gotto know what they are talking of in the article, which you can know only if you have that extra reading. I guess, this must have given most of the guys a good idea of what they are stepping into once they enroll. I want to see you guys successful and occupying good positions in well known companies and buddies, CFA is the way to go. However, just remember, you need to strategize and not study endlessly. And from my experience, the strategy depends upon a person to person because every person has some strengths and weaknesses so a strategy needs to be constructed accordingly. In case you guys need to know more on how to approach CFA and sail through, I shall be more than happy to help each of you in showing the focus areas, mastering key techniques, devising your own short-cuts and thumb rules and having confidence in your abilities coz that is what will take you really far and high in life. Best of luck to all u buddies and feel free to shoot PMs or have an open discussion. Warm regards, Tumtum.
My short experience in doing CFA ICFAI have also same conclusion as TumTum pointed out. The course is challenging and rigourous.I admire students who can finish the course along with their hectic MBA studies. It is true that certain subjects of MBA and CFA ICFAI have similar contents but CFA ICFAI exam structure and pattern is extremely different. It is not just another course. It is a domain expertise career.
Two exams on one sunday (Morning and Afternoon) and then 2 more exams on next sunday adds additional stress factor. The course is extremely deep. The theoritical chapters and thousand plus questions in workbooks helps you to master the contents.
Those who are thinking to enroll for CFA ICFAI should study printed prospectus first and make out a proper strategy.
Guys....Could we go easy on the personal attacks...To each unto his own....End of day, its a personal decision...You need not rue over the other's decision, neither do you need to deride any specific course to satisfy yourself that you have taken a right decision.....Its just a course...Chillax... :)
Well Ameen, in order to help you, first I should know more about your background and your career plans. Once I know that, I can surely help you out in your endeavour.
Guys....Could we go easy on the personal attacks...To each unto his own....End of day, its a personal decision...You need not rue over the other's decision, neither do you need to deride any specific course to satisfy yourself that you have taken a right decision.....Its just a course...Chillax... :)
Cheers
lol.......hope that crashing dummy understands it and refrains from making posts in this thread. I am sure he is going to come in with some other name and fool around instrad of studying for his CFA. God bless guys with such attitude. From my side, I assure that I wont again use the word IF IF IF the crashing dummy doesnt met out any nonsense !!
Well Ameen, in order to help you, first I should know more about your background and your career plans. Once I know that, I can surely help you out in your endeavour.
Regards,
Tumtum.
i am a bcom graduate. graduated in 2005 with just 53.26% i have 95.55 percentile in cat awaiting my imt tapmi and kj somaiya results i want to get into equity resarch i hope its enough:)
is the CFA course very mathematical?what portion of mathematics is included in this course, e;g- calculus algebra etc.
No the course is not very mathematical. There are numericals which are based on investment concepts and not based on hardcore maths concept.
There are 2 papers in Level 1 quantitative methods paper 1 and quantitative methods paper 2.Here you have chapters like calculus,regression, time series etc.
Overall, you need to be comfortable with numbers as numericals are there based on concepts like options, derivatives, equity analysis etc.
Tumtum and Babu, One doubt about placements. Do they give placements to Distance Learning Students also?? Also, I bought the prospectus for MS Finance which says u've gotta flush out more money to some HRM Firm collaboting with ICFAI to get direct placements.
hi i am really interested in pursuing cfa (icfai). can it be pursued along with mba. how much time is needed daily. planning to start with october exams.
I would slightly differ from Babu as far as the mathematics part is concerned. In L-1, its not that much math, but in L-2, some more component of math does come in but again its not that one can't do it. With adequate practice, it is very much doable.
Regarding placements-- let me tell you guys, that I myself did it in the distance learning format. I mean the CFA is like any other professional course....you have to register for it and then study and give papers yourself and yet, I am placed very very comfortably. So once you complete it, frankly speaking, you wont have to go to ICFAI asking for a job. Just move to Mumbai or Delhi and I am sure from my experience that you will be placed well coz the course is really very well respected by the industry...my word for it. However, if you do not move to bigger cities, then dont expect to get fabulous jobs coz CFA being a hardcore finance stuff and Mumbai/Delhi being the preferred place for financial institutions, you are likely to be valued at a premium over here and not in other small towns. If nonetheless, you want to stay in smaller towns, then you shall definitely get into banks and other financial institutions because these degrees are very well regarded over there too. However, in smaller cities, you should not complain about lesser packages too.
In case you want me to discuss what kind of opportunities are open to CFAs, what are the kind of job profiles they typically get into and what kind of pay packages they make here in Mumbai, then I may well tell you in my next post.
