Chartered Financial Analyst (CFA) from ICFAI_Hyderabad

Jobs & Careers
617

Let me clarify one thing, I am not against ICFAI and I respect ICFAI as much as you do. I never said that ICFAI is fooling us or some thing like that but they are overlooking some important norms which might cost all of us a lot.

Did I allege that you are saying all this mentioned above? I know you respect ICFAI and I take your words at face value ! Why do you feel that others are judging you wrongly? Is it a bit of guilt inside you that is pushing you to declare to the world that you love ICFAI?

In foreign countries only those degrees are recognised which are recognised/ endorsed by our government bodies and they may reject MS(Finance) as it itself is not as per the norms of our country. As far as MS/BS in US or MSc/BSc in UK are concerned, they are as per the nomenclature norms of their Government Bodies.

Thats not necessarily the case....management programs from many institutes are not approved by AICTE but still their students/graduates land up with foreign postings and good pays/job profiles all the time around? How do you explain that? The reputation of the institute matters a lot and thankfully ICFAI has a good reputation among corporates. Trust me on this one dude !!

Look the name of degrees are important and that is the reason why only an university can issue degrees.I know that the course content of MS(Finance) is much superior than other courses, but this superiority has to be recognised in proper way. I don't wan't this degree to be treated at par with diplomas of other B Grade Schools. This degree should get what it deserves.

Dude, at the most what will happen to MS?........in the event of MS being judged as not being as per degree nomenclature, ICFAI will issue fresh "MSc (Finance)" degree certificates bearing our names. How does that change the ground reality about the course content and the goodwill that it has created? Do you seriously think that the addition of a letter will skew your career? I strongly oppose this view. Think for yourself and be logical ! It wont harm you.....so chill out !!!! By enrolling in this course you are taking a righ decision and will be anyday judged higher than an average B-Grade b-school graduate. Donno where these weird thoughts make home in your mind. I mean how can you even think of comparing yourself with a b-grade MBA??? I have never even thought of something on these lines !! This tells a lot about your self perception and self-belief/self-esteem.....you need some counselling dude...wake up !!!

I strongly feel that we should seek clarification from ICFAI or UGC using RTI Act.
This would put an end to the concern once and for all. Please take this seriously as this problem has been faced by many universities.

Do you think I am joking around here? I am damn serious and not perturbed by all this AT ALL because it is the course that counts and not ONLY the degree name ! I am with you in all your efforts geared at extracting clarifications from ICFAI regarding this issue and I guess all members on the forum will also support this....take initiative and go ahead....hum saath saath hain !! God....if only you put all this zeal into your studies....you will be better off !!
Regards,

Tumtum.
618

TumTum,

What do you mean by guilt ?

I am not guilty of any thing and I need not be.

Whatever I have posted is out of concern for my career.

Look when a person puts so much money, that too earned by himself, he is bound to be worried.

I now that your advise is really valuable and you are trying not to allow me loose my concentration in studies. I really appreciate that but when I am in trouble this is the forum that will help.

I am studying in the right spirit, mood and efforts and that too with the help of your guidance and positive feelings conveyed.

Keep in mind, I joined ICFAI just on your advice.

But please do not lash out a any one who has a doubt, without considering the genuinity of his concern.

With regards,

(Ketan)

619

Ketan, I will send an email to ICFAI regarding this issue. They might not reply back but atleast it creates some sort of pressure on ICFAI.

Lets hope for the best. Believe in the course contents and keep preparing irrespective of what ever happens. One of ICFAI counsellors told me student interest will be protected at any cost. Plus Tumtum words means a lot when he have assured the degree is well respected in companies.

Cheers,

620

Hello guys !

Its long time since i have posted last.

I have this q. Am appearing for delta and want to know if i can use Financial Calculator (the ones in which u can discount CFs, find IRR, etc) ??

Am planning to take one to the exam so just wanted to confirm. Would be greatful if u guys can help me out on this info whether ICFAI allows this as per their regulations !

Thanks !!

621
Hello guys !

Its long time since i have posted last.

I have this q. Am appearing for delta and want to know if i can use Financial Calculator (the ones in which u can discount CFs, find IRR, etc) ??

Am planning to take one to the exam so just wanted to confirm. Would be greatful if u guys can help me out on this info whether ICFAI allows this as per their regulations !

Thanks !!


As far as my knowledge, you have to use a scientific calculator (simple one - non programmable) for calculations. Financial Calculator are perhaps not allowed.

My advise is, please refer to the MS(Finance) Regulations posted on the website under your login or the one supplied alongwith the study material. It is clearly mentioned there.
623

any one please help me i got in all 12 books for alpha level .is there any syllabus for exams or these 12 books needs to be completed thoroughly which seems a hilarious task how should i study please help:wow:

624
sudhanshu25 Says
any one please help me i got in all 12 books for alpha level .is there any syllabus for exams or these 12 books needs to be completed thoroughly which seems a hilarious task how should i study please help:wow:


According to my analysis and what TumTum and Babu has been saying, there is no shortcut for CFA.

You have to do the Text Book and Work Book thoroughly.

You need textbook for getting the concepts right and workbook to get through the exams.

There is absolutely no pattern and whatever is given in the book is your syllabus, you need to do the syllabus completely.

The course is really huge but certainly doable.

Please feel free to contact me for further queries.

With regards,

(Ketan)





625

thanks man for ur quick reply hey ketan are u also preparing for alpha exams .what's ur prepration strategy .do u reside in delhi only

626

any one please help me i got in all 12 books for alpha level .is there any syllabus for exams or these 12 books needs to be completed thoroughly which seems a hilarious task how should i study please help:wow:


I guess 12 books include study guides + FAT (formulae book) also. Read the chapter carefully from the text book and then solve questions from WB.

This course is interesting if one do slowly and slowly understanding concepts. Otherwise, this course becomes burdensome and pressure starts to kick in.
627
I guess 12 books include study guides + FAT (formulae book) also. Read the chapter carefully from the text book and then solve questions from WB.

This course is interesting if one do slowly and slowly understanding concepts. Otherwise, this course becomes burdensome and pressure starts to kick in.


ya u r correct but these books not include formulae book infact my study package includes some CD's regarding it.Yaar please help me i need to concentrate basically on textbook and workbook and in case of any confusion in some concept in textbook i need to consult study guide i think this will work. Please guide me how and what to study .
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sudhanshu25 Says
ya u r correct but these books not include formulae book infact my study package includes some CD's regarding it.Yaar please help me i need to concentrate basically on textbook and workbook and in case of any confusion in some concept in textbook i need to consult study guide i think this will work. Please guide me how and what to study .


As far as I know, in the begining study material for alpha and beta groups is given. It includes

Alpha

2 Textbooks for Economics
2 for Financial Accounting
2 Workbooks for Economics
2 for Financial Accounting
2 Study Guides for Economics
2 Study Guides for Financial Accounting

i.e. 12 Books

Beta

It also includes similar kind of material

Additional

It includes Formulae Book, CD and MS(Finance) Regulations

Regarding studymaterial of remaining groups, they are mailed by the University as you progress in the course e.g. you will start getting further material after you complete beta group. This is to provide you latest and uptodate material.

Now, regarding studying for alpha.

In my opinion you should first go for textbook and then workbook. As babu said, if you go slow, you will grasp things better and even the regulations say that superficial reading won't help. If possible, also try to solve previous papers.

Study guide is not that important, textbooks are more than sufficient and will already overload you. Don't add to your worries by doing study guides as they explains the same concepts in a brief way and different language which may confuse you further. Use this time in fruitful way instead. Even CDs are not that important, after all it is only value addition.

Now your total no of books come to 8 books which quite huge.

First go for Micro Economics and then Macro and then FA - I and FA - II.

One important thing is never panic. Look what is important is the degree/charter and not how you complete it. Your goal should be to complete the course at any cost. Same as in the case of CA/CS/ICWA etc. As you know there arevery few CFAs in India, completing the course itself will give a lot of boost to your career.

I hope it will solve your problem.

regards,

(Ketan)
629
As far as I know, in the begining study material for alpha and beta groups is given. It includes

Alpha

2 Textbooks for Economics
2 for Financial Accounting
2 Workbooks for Economics
2 for Financial Accounting
2 Study Guides for Economics
2 Study Guides for Financial Accounting

i.e. 12 Books

Beta

It also includes similar kind of material

Additional

It includes Formulae Book, CD and MS(Finance) Regulations

Regarding studymaterial of remaining groups, they are mailed by the University as you progress in the course e.g. you will start getting further material after you complete beta group. This is to provide you latest and uptodate material.

Now, regarding studying for alpha.

In my opinion you should first go for textbook and then workbook. As babu said, if you go slow, you will grasp things better and even the regulations say that superficial reading won't help. If possible, also try to solve previous papers.

Study guide is not that important, textbooks are more than sufficient and will already overload you. Don't add to your worries by doing study guides as they explains the same concepts in a brief way and different language which may confuse you further. Use this time in fruitful way instead. Even CDs are not that important, after all it is only value addition.

Now your total no of books come to 8 books which quite huge.

First go for Micro Economics and then Macro and then FA - I and FA - II.

One important thing is never panic. Look what is important is the degree/charter and not how you complete it. Your goal should be to complete the course at any cost. Same as in the case of CA/CS/ICWA etc. As you know there arevery few CFAs in India, completing the course itself will give a lot of boost to your career.

I hope it will solve your problem.

regards,

(Ketan)


cool man thanks a lot yaar this information really helps me a lot.one thing more are u from delhi only preparing for which level and are u working somewhere
630
sudhanshu25 Says
cool man thanks a lot yaar this information really helps me a lot.one thing more are u from delhi only preparing for which level and are u working somewhere


I stay in Mumbai and am presently working in a Nationalised Bank.

What about you ?
631
I stay in Mumbai and am presently working in a Nationalised Bank.

What about you ?


I stay in delhi and working in a KPO yaar tum kis level ke liye prepare kar rahe ho.I am from engineering background.:
632
sudhanshu25 Says
I stay in delhi and working in a KPO yaar tum kis level ke liye prepare kar rahe ho.I am from engineering background.:


I am also preparing for alpha and am a B.Com, Mumbai University.
633
ketan141979 Says
I am also preparing for alpha and am a B.Com, Mumbai University.

oh man we both are sailing in the same boat.yaar first of all please tell me how you manage your time after 8 hr long hectic day if u don't mine will u PM me ur contact no. so that :grab: we can can have a word i think it will help both of us
634
BaBu Says
ICFAI always throws some surprises. Lets hope for the best. I have heard there might be some outside court settlement for CFA.

Guys, an important announcement in case you all didn't know.

Something is brewing in ICFAI for sure. This comes as an utter surprise to me that ICFAI Board of Governors has relaxed the criteria for award of the CFA charter. Now as per the new criteria, those who have cleared Alpha, Beta, Gamma, Delta and the subject "Portfolio Management and Mutual Funds" from Kappa will be awarded the CFA charter !!!!

If a candidate completes all the groups, then he/she will get an MS (Finance) + CFA charter but if he/she has completed only the abovesaid groups then he/she will first get the CFA charter and then if he/she completes the remaining groups, then he/she will get the MS (Finance) degree.

This is in sharp contrast to the earlier process where one would get both MS (Finance) and CFA charter ONLY on completion of all groups and submission of integrated case studies.

If you folks go back in time, then the content mentioned in these groups was approved by the erstwhile AIMR+ ICFAI assodiation (which used to award the charter alongwith ICFAI) and now too, ICFAI will award the CFA charter to those who have completed these subjects only! Isnt it strange.....I somehow feel that some out of court negotiations are going on in full swing !

Refer to this link to see details.

http://www.ccfaindia.org/index1.htm

Additionally, I would request you guys to clarify the matter with ICFAI too. Here are the fone numbers of ICFAI:

040 - 23435368/70/72/73/74

Regards,

Tumtum.
635

Thanks tumtum for the update. I was about to mention it. Lets see what happens !

Another update regarding CFA US trademark rights below:

636

The US based CFA institue (CFAI)-with horders of indian students on its roll has been denied the "Chartered Financial Analyst" trademark by the Trade Mark Registry in the UK.
Whats more,CFAI's trademark applications are still pending in many other nations including Hong Kong,Australia and India.
All in all, CFAI is a private organasation which does not have any government approval in the USA, it is neither a universtiy, nor accredited by any well know accreditation body in the USA.

source: Times of India, eduction times, 8th jan 2007

Please dont bash me. I am copying the words from the paper. Here is the link with 15 pages of legal case: CFA US trademark denied in UK

http://www.patent.gov.uk/tm/t-decisionmaking/t-challenge/t-challenge-decision-results/o31506.pdf

637
Guys, an important announcement in case you all didn't know.
Something is brewing in ICFAI for sure. This comes as an utter surprise to me that ICFAI Board of Governors has relaxed the criteria for award of the CFA charter. Now as per the new criteria, those who have cleared Alpha, Beta, Gamma, Delta and the subject "Portfolio Management and Mutual Funds" from Kappa will be awarded the CFA charter !!!!
If a candidate completes all the groups, then he/she will get an MS (Finance) + CFA charter but if he/she has completed only the abovesaid groups then he/she will first get the CFA charter and then if he/she completes the remaining groups, then he/she will get the MS (Finance) degree.
This is in sharp contrast to the earlier process where one would get both MS (Finance) and CFA charter ONLY on completion of all groups and submission of integrated case studies.
If you folks go back in time, then the content mentioned in these groups was approved by the erstwhile AIMR+ ICFAI assodiation (which used to award the charter alongwith ICFAI) and now too, ICFAI will award the CFA charter to those who have completed these subjects only! Isnt it strange.....I somehow feel that some out of court negotiations are going on in full swing !
Refer to this link to see details.
http://www.ccfaindia.org/index1.htm
Additionally, I would request you guys to clarify the matter with ICFAI too. Here are the fone numbers of ICFAI:
040 - 23435368/70/72/73/74
Regards,
Tumtum.


I have mixed feelings about this news.

This could be a good news if the CFA(AIMR) curriculum and the alpha,beta,gamma,delta and Portfolio Management and Mutual Funds from Kappa curriculum are at par in terms of quality and coverage.

But if both the curriculum are at par, then why till today the entire MS(Finance) (CFA) was considered below par than CFA(AIMR).

If CFA(AIMR) and CFA(ICFAI till today) are not considered at par, then relaxing the criteria will devalue the CFA(ICFAI) charter further. And finally what about those who had put so much effort to complete the MS(Finance) program and obtained the charter.

One more thing, can any one tell me what was CFA(ICFAI) curriculum like, when both ICFAI + AIMR were together.


(Ketan)