hey
If u want to get through Alpha, Beta Gamma...go for last few months test papers n u will get through..as was the trend for past years..as far i remember. the material is very easy but question paper comes very tough..as comparing to work book n the model paper.
goodluck
bye
nidhi
I have mixed feelings about this news.
One more thing, can any one tell me what was CFA(ICFAI) curriculum like, when both ICFAI + AIMR were together.
(Ketan)
I have told that in my post dude !
The curriculum at that time was Alpha + Beta + Gamma + Delta + Portfolio Mgt & MFs of Kappa. All other subjects were absent from the curriculum.
Regards,
Tumtum.
This will hurt CFA AIMR big time. London is a very important global financial centre and the recent case decided against AIMR means CFA will not be allowed as a designation in UK.
Here are the links:
http://www.financialexpress.com/fe_archive_full_story.php?content_id=150200
The Hindu Business Line : US body refused registration of `CFA' trademark in UK
The bone of contention is word 'Chartered' 
. In UK, Chartered means a royal charter which CII awards. Hence, CII have won the case and CFA US charterholders can not use CFA as their qualification in UK. We guys can use MS finance in UK.
Strange things happening world over.
i never ever heard of this kind of curriculum as i m enrolled from 2003..but they never mentioned alpha+ beta+ gamma+delta+ Portfolio Mgt & MFs of Kappa..as CFA degree or what so ever n after completion its Ms(finance)...when u complete the 1st level u get a DBF certificate...before that as u complete ur foundation i.e. alpha u get a fou...certificate..after completion of 2nd level u get ADBF..n after completion of final level u get the degree of CFA ...which is called as Ms(finance)...thrs. some prize n all those like gold medal if u complete 2nd level with break..etc..etc..but i never heard of it what Tumtum said..sorry to say that
bye
nidhi
i never ever heard of this kind of curriculum as i m enrolled from 2003..but they never mentioned alpha+ beta+ gamma+delta+ Portfolio Mgt & MFs of Kappa..as CFA degree or what so ever n after completion its Ms(finance)...when u complete the 1st level u get a DBF certificate...before that as u complete ur foundation i.e. alpha u get a fou...certificate..after completion of 2nd level u get ADBF..n after completion of final level u get the degree of CFA ...which is called as Ms(finance)...thrs. some prize n all those like gold medal if u complete 2nd level with break..etc..etc..but i never heard of it what Tumtum said..sorry to say that
bye
nidhi
Dear Nidhi, just to get your concepts CLEAR.
ICFAI was originally established as a subsidiary/sister concern of the then Institute of Chartered Financial Analysts (ICFA- based in Charlottesville, Virginia) mainly to propagate the CFA program in India. Later ICFA merged with Financial Analysts Federation of the US (FAF) and formed the Association of Investment Management & Research (AIMR). AIMR and ICFAI continued collaboration and ran a CFA course in India.
Now what I am telling is that the old (AIMR + ICFAI wala) CFA course was composed of the subjects that we study in Alpha + Beta + Gamma + Delta + Portfolio Mgt & MFs only. There was not other subject in the AIMR + ICFAI wala original CFA that was offered in India from the years 1985 to 1989. The groups of Epsilon, Lambda, Theta and Sigma are the contribution of ICFAI. What I said is that the ICFAI Board of Governors and CCFA together have decided to alter the criteria for the award of the CFA charter. I dont know how to make u understand !
Now ICFAI is awarding CFA charter to all those who are completing precisely the same subjects as enshrined in the ORIGINAL CFA curriculum, which is strange.
It is good to know that you are doing the course from 2003 but frankly, you seem ignorant of all these developments and it would do you a lot of good to keep abreast of all developments and then dish out your knowledge.
You say that after completing the program once gets CFA, which is also called MS (Finance) which is blatantly wrong. CFA is awarded by the Council of Chartered Financial Analysts and MS (Finance) is awarded by the ICFAI University and both are legally separate bodies belonging to the same umbrella institution and you get two separate certificates, one for MS (Finance) and one for CFA. I know this because I have been awarded both the certificates separately. My CFA certificate is not called MS (Finance).
Hope you get the gist of what I am trying to drill into your head !
Regards,
Tumtum.
Dear Nidhi, just to get your concepts CLEAR.
ICFAI was originally established as a subsidiary/sister concern of the then Institute of Chartered Financial Analysts (ICFA- based in Charlottesville, Virginia) mainly to propagate the CFA program in India. Later ICFA merged with Financial Analysts Federation of the US (FAF) and formed the Association of Investment Management & Research (AIMR). AIMR and ICFAI continued collaboration and ran a CFA course in India.
Now what I am telling is that the old (AIMR + ICFAI wala) CFA course was composed of the subjects that we study in Alpha + Beta + Gamma + Delta + Portfolio Mgt & MFs only. There was not other subject in the AIMR + ICFAI wala original CFA that was offered in India from the years 1985 to 1989. The groups of Epsilon, Lambda, Theta and Sigma are the contribution of ICFAI. What I said is that the ICFAI Board of Governors and CCFA together have decided to alter the criteria for the award of the CFA charter. I dont know how to make u understand !
Now ICFAI is awarding CFA charter to all those who are completing precisely the same subjects as enshrined in the ORIGINAL CFA curriculum, which is strange.
It is good to know that you are doing the course from 2003 but frankly, you seem ignorant of all these developments and it would do you a lot of good to keep abreast of all developments and then dish out your knowledge.
You say that after completing the program once gets CFA, which is also called MS (Finance) which is blatantly wrong. CFA is awarded by the Council of Chartered Financial Analysts and MS (Finance) is awarded by the ICFAI University and both are legally separate bodies belonging to the same umbrella institution and you get two separate certificates, one for MS (Finance) and one for CFA. I know this because I have been awarded both the certificates separately. My CFA certificate is not called MS (Finance).
Hope you get the gist of what I am trying to drill into your head !
Regards,
Tumtum.
TumTum,
If what you have said is correct. Then why till now, CFA(ICFAI) was considered inferior to CFA(AIMR) when CFA(ICFAI) had a broader coverage than CFA(AIMR).
And won't the new decision of the Board of Governors discount the value of the CFA(ICFAI) which it commanded till today, as the new CFA(ICFAI) Charter looks pretty easier to achieve than it was before and that ADBF offered by ICFAI will be regarded as better than CFA(ICFAI).
Please comment,
(Ketan)
TumTum,
If what you have said is correct. Then why till now, CFA(ICFAI) was considered inferior to CFA(AIMR) when CFA(ICFAI) had a broader coverage than CFA(AIMR).
And won't the new decision of the Board of Governors discount the value of the CFA(ICFAI) which it commanded till today, as the new CFA(ICFAI) Charter looks pretty easier to achieve than it was before and that ADBF offered by ICFAI will be regarded as better than CFA(ICFAI).
Please comment,
(Ketan)
There you go again Ketan ! Who puts these things in your mind dude?? Who said the ICFAI was/is inferior to AIMR? I never ever felt so and frankly if you have such hallucinations, then you better quit this course for it is not for the weak/feeble hearted.
ICFAI has and will always be an institution offering quality courses and I have full confidence in it. Secondly, I really feel tht you need some psychological counseling dude..I really see signs of low self-esteem in you.how can you compare both programs when both the institutes say that they are markedly different and worst of all how can you think that what you are doing is inferior ??
The thing is that people who do AIMR CFA may feel that they are doing the "superior" version but that should not make you feel "inferior" for if you do feel that way, then there is something wrong with your outlook and not the course that you are doing ! This course has given employment to many (including me) and I cant explain more of how much it is valued even by the MNCs/ big Investment Banks. I will just quote an example. In accounting , a person can do Chartered Accountant course from India or can do the American CPA. But does the existence of CPA make CA inferior?? CAs still land-up with plush job offers and great pays all the time isn't it? What do you have to say of this ?
The bottom line is that you need to have confidence in yourself and do not be perturbed by all this nonsense surrounding the degree. Study hard coz in the end only that will help you out !
Regards,
Tumtum.
There you go again Ketan ! Who puts these things in your mind dude?? Who said the ICFAI was/is inferior to AIMR? I never ever felt so and frankly if you have such hallucinations, then you better quit this course for it is not for the weak/feeble hearted.
ICFAI has and will always be an institution offering quality courses and I have full confidence in it. Secondly, I really feel tht you need some psychological counseling dude..I really see signs of low self-esteem in you.how can you compare both programs when both the institutes say that they are markedly different and worst of all how can you think that what you are doing is inferior ??
The thing is that people who do AIMR CFA may feel that they are doing the superior version but that should not make you feel inferior for if you do feel that way, then there is something wrong with your outlook and not the course that you are doing ! This course has given employment to many (including me) and I cant explain more of how much it is valued even by the MNCs/ big Investment Banks. I will just quote an example. In accounting , a person can do Chartered Accountant course from India or can do the American CPA. But does the existence of CPA make CA inferior?? CAs still land-up with plush job offers and great pays all the time isn't it? What do you have to say of this ?
The bottom line is that you need to have confidence in yourself and do not be perturbed by all this nonsense surrounding the degree. Study hard coz in the end only that will help you out !
Regards,
Tumtum.
Look TumTum, I am not feeling inferior, but when people say such things to me I am bound to get worried. Even publications like Times of India express doubts, then what do you expect me to do.
As far as efforts are concerned, they were always upto mark and I really study hard.
And seriously, I think that you should not make a mock of our worries, some times you are very rude.
I do appreciate you faith in the university and I do have that faith in you as well as the university.
Since I am already professionaly qualified , I know what quality ICFAI offers and am very sure that it is higher than any one else in the field.
What ever I ask is out of concern and it does not affect my studies. One thing I am sure about is that I have to complete the course.
But when the university takes such major decisions suddenly and without any detailed explanation as is always given by you, I really get worried.
The problem is not in our faith or belief, it is in the kind of message employers will get from such decisions.
Please comment on this :
"Won't the new decision of the Board of Governors discount the value of the CFA(ICFAI) which it commanded till today, as the new CFA(ICFAI) Charter looks pretty easier to achieve than it was before and that ADBF offered by ICFAI will be regarded as better than CFA(ICFAI)"
And finally, don't be so sentimental. We are here to discuss and we approach you for guidance and not to get humiliated.
With regards,
(Ketan)
Look TumTum, I am not feeling inferior, but when people say such things to me I am bound to get worried. Even publications like Times of India express doubts, then what do you expect me to do.
As far as efforts are concerned, they were always upto mark and I really study hard.
And seriously, I think that you should not make a mock of our worries, some times you are very rude.
I do appreciate you faith in the university and I do have that faith in you as well as the university.
Since I am already professionaly qualified , I know what quality ICFAI offers and am very sure that it is higher than any one else in the field.
What ever I ask is out of concern and it does not affect my studies. One thing I am sure about is that I have to complete the course.
But when the university takes such major decisions suddenly and without any detailed explanation as is always given by you, I really get worried.
The problem is not in our faith or belief, it is in the kind of message employers will get from such decisions.
Please comment on this :
"Won't the new decision of the Board of Governors discount the value of the CFA(ICFAI) which it commanded till today, as the new CFA(ICFAI) Charter looks pretty easier to achieve than it was before and that ADBF offered by ICFAI will be regarded as better than CFA(ICFAI)"
And finally, don't be so sentimental. We are here to discuss and we approach you for guidance and not to get humiliated.
With regards,
(Ketan)
Brother Ketan, thats precisely what I am telling dude. Let the whole world tell what it wants to but you should insulate yourself from all this crap. Just tell me, is Times of India the GOD himself that whatever it says should be worthy enough to worry you? This very Times of India also publishes advertisements of ICFAI and I can show you a many many articles where TOI has itself praised ICFAI no end!! The idea is simple, if ICFAI pays money to get an article published, TOI publishes it and if AIMR gives money, then it does it for AIMR!! It needs business and all it is doing is business which I dont think is wrong!
But you should remember one thing dude. No matter what people say, if you are convinced inside, then you need not worry as history is beset with millions of such examples where men who have let their courage and confidence remain intact in their toughest hour have been outstanding personalities.
Let me just quote an example. One of the first Moghuls to rule India, Babur was in his youth one of the many impoverished princes (all descendants from Timur dynasty) who fought among themselves for possession of some small part of Timurs fragmented empire.With a powerful Persian dynasty to the west (in Iran under the ruler Ismail the 1st) and an aggressive Uzbek presence to the north (under Shaibani Khan), Babur had only Kabul to his name and this meant that his only chance of expanding was eastwards - into India.
With a small army of 25,000 foot soldiers, he decided to conquer India (Delhi in particular), which at that time was ruled by Sultan Ibrahim Lodi. The decisive battle took place on the plains of Panipat. Babur was heavily outnumbered by Ibrahim Lodis 100,000 men and 1,000 elephants (like I said earlier, he just had 25,000 foot soldiers) but Babur had what it takes to win the battlestrategy and COURAGE!
Baburs strategy was simple. He got dug into a prepared position copied from the Turkish warriors (from whom other Afghans and Persians AND LATER Baburs armymen learnt the use of guns). Sultan Lodi of Delhi had no artillery or muskets. Babur had only a few, but he used them to great advantage. He collected 700 carts to form a barricade (a device pioneered by the Hussites of Bohemia a century earlier).
Sheltered behind the carts, Babur's gunners went through the laborious business of firing their matchlocks- but only at an enemy charging towards their position. It took Babur a great deal of patience and courage to tempt the Lodi warriors into charging at them. When they did, they succumbed to slow gunfire from the front and to a hail of arrows from Babur's cavalry charging on each flank. At the end of a long ordeal, Babur won the throne of Delhi! It was a seemingly impossible feat but his tactics won the day!
By telling all this, dont think that I am making a mockery of your or anyone elses worry. What I am trying to show to you is that dogs will bark but do you bark at them? I know that ICFAI has a habit of springing sudden surprises but then it always makes sure of one thing, that the students interest is not harmed in any way.
Whether the decision of the Board of Governors will discount the value of CFA or not remains to be seen and only time will tell but according to me, things are not as apparent as they may seem. There is something which ICFAI is not telling the world and I feel that in some time, it will surely come out with a statement that will clarify all the doubts. Just wait and watch and keep asking for clarifications from them.
I am not being sentimental as put forward by you but your habit of being in doubt and being worried and alarmed despite repeated clarifications and discussions makes me wonder at times as to what you are up to in life. Dont worry about all this and focus on completing the course with good grades. The rest will take care of itself. Hope you get the message.
Brother Ketan, thats precisely what I am telling dude. Let the whole world tell what it wants to but you should insulate yourself from all this crap. Just tell me, is Times of India the GOD himself that whatever it says should be worthy enough to worry you? This very Times of India also publishes advertisements of ICFAI and I can show you a many many articles where TOI has itself praised ICFAI no end!! The idea is simple, if ICFAI pays money to get an article published, TOI publishes it and if AIMR gives money, then it does it for AIMR!! It needs business and all it is doing is business which I dont think is wrong!
But you should remember one thing dude. No matter what people say, if you are convinced inside, then you need not worry as history is beset with millions of such examples where men who have let their courage and confidence remain intact in their toughest hour have been outstanding personalities.
Let me just quote an example. One of the first Moghuls to rule India, Babur was in his youth one of the many impoverished princes (all descendants from Timur dynasty) who fought among themselves for possession of some small part of Timurs fragmented empire.With a powerful Persian dynasty to the west (in Iran under the ruler Ismail the 1st) and an aggressive Uzbek presence to the north (under Shaibani Khan), Babur had only Kabul to his name and this meant that his only chance of expanding was eastwards - into India.
With a small army of 25,000 foot soldiers, he decided to conquer India (Delhi in particular), which at that time was ruled by Sultan Ibrahim Lodi. The decisive battle took place on the plains of Panipat. Babur was heavily outnumbered by Ibrahim Lodis 100,000 men and 1,000 elephants (like I said earlier, he just had 25,000 foot soldiers) but Babur had what it takes to win the battlestrategy and COURAGE!
Baburs strategy was simple. He got dug into a prepared position copied from the Turkish warriors (from whom other Afghans and Persians AND LATER Baburs armymen learnt the use of guns). Sultan Lodi of Delhi had no artillery or muskets. Babur had only a few, but he used them to great advantage. He collected 700 carts to form a barricade (a device pioneered by the Hussites of Bohemia a century earlier).
Sheltered behind the carts, Babur's gunners went through the laborious business of firing their matchlocks- but only at an enemy charging towards their position. It took Babur a great deal of patience and courage to tempt the Lodi warriors into charging at them. When they did, they succumbed to slow gunfire from the front and to a hail of arrows from Babur's cavalry charging on each flank. At the end of a long ordeal, Babur won the throne of Delhi! It was a seemingly impossible feat but his tactics won the day!
By telling all this, dont think that I am making a mockery of your or anyone elses worry. What I am trying to show to you is that dogs will bark but do you bark at them? I know that ICFAI has a habit of springing sudden surprises but then it always makes sure of one thing, that the students interest is not harmed in any way.
Whether the decision of the Board of Governors will discount the value of CFA or not remains to be seen and only time will tell but according to me, things are not as apparent as they may seem. There is something which ICFAI is not telling the world and I feel that in some time, it will surely come out with a statement that will clarify all the doubts. Just wait and watch and keep asking for clarifications from them.
I am not being sentimental as put forward by you but your habit of being in doubt and being worried and alarmed despite repeated clarifications and discussions makes me wonder at times as to what you are up to in life. Dont worry about all this and focus on completing the course with good grades. The rest will take care of itself. Hope you get the message.
TumTum,
You are great. You should have been a counsellor.
Your positive thoughts really keeps me on track and that is why I ask queries to you.
Thanks a lot,
(Ketan)
Brother Ketan, thats precisely what I am telling dude. Let the whole world tell what it wants to but you should insulate yourself from all this crap. Just tell me, is Times of India the GOD himself that whatever it says should be worthy enough to worry you? This very Times of India also publishes advertisements of ICFAI and I can show you a many many articles where TOI has itself praised ICFAI no end!! The idea is simple, if ICFAI pays money to get an article published, TOI publishes it and if AIMR gives money, then it does it for AIMR!! It needs business and all it is doing is business which I dont think is wrong!chak de phatte just kidding really very informative and motivating post
But you should remember one thing dude. No matter what people say, if you are convinced inside, then you need not worry as history is beset with millions of such examples where men who have let their courage and confidence remain intact in their toughest hour have been outstanding personalities.
Let me just quote an example. One of the first Moghuls to rule India, Babur was in his youth one of the many impoverished princes (all descendants from Timur dynasty) who fought among themselves for possession of some small part of Timurs fragmented empire.With a powerful Persian dynasty to the west (in Iran under the ruler Ismail the 1st) and an aggressive Uzbek presence to the north (under Shaibani Khan), Babur had only Kabul to his name and this meant that his only chance of expanding was eastwards - into India.
With a small army of 25,000 foot soldiers, he decided to conquer India (Delhi in particular), which at that time was ruled by Sultan Ibrahim Lodi. The decisive battle took place on the plains of Panipat. Babur was heavily outnumbered by Ibrahim Lodis 100,000 men and 1,000 elephants (like I said earlier, he just had 25,000 foot soldiers) but Babur had what it takes to win the battlestrategy and COURAGE!
Baburs strategy was simple. He got dug into a prepared position copied from the Turkish warriors (from whom other Afghans and Persians AND LATER Baburs armymen learnt the use of guns). Sultan Lodi of Delhi had no artillery or muskets. Babur had only a few, but he used them to great advantage. He collected 700 carts to form a barricade (a device pioneered by the Hussites of Bohemia a century earlier).
Sheltered behind the carts, Babur's gunners went through the laborious business of firing their matchlocks- but only at an enemy charging towards their position. It took Babur a great deal of patience and courage to tempt the Lodi warriors into charging at them. When they did, they succumbed to slow gunfire from the front and to a hail of arrows from Babur's cavalry charging on each flank. At the end of a long ordeal, Babur won the throne of Delhi! It was a seemingly impossible feat but his tactics won the day!
By telling all this, dont think that I am making a mockery of your or anyone elses worry. What I am trying to show to you is that dogs will bark but do you bark at them? I know that ICFAI has a habit of springing sudden surprises but then it always makes sure of one thing, that the students interest is not harmed in any way.
Whether the decision of the Board of Governors will discount the value of CFA or not remains to be seen and only time will tell but according to me, things are not as apparent as they may seem. There is something which ICFAI is not telling the world and I feel that in some time, it will surely come out with a statement that will clarify all the doubts. Just wait and watch and keep asking for clarifications from them.
I am not being sentimental as put forward by you but your habit of being in doubt and being worried and alarmed despite repeated clarifications and discussions makes me wonder at times as to what you are up to in life. Dont worry about all this and focus on completing the course with good grades. The rest will take care of itself. Hope you get the message.
Dear TUMTUM
Your story indeed looks like mine. I am also CFA from ICFAI, cleared CIIA in 2004. But due to certain family problems could not move away from home town for job. It is really gratifying that you are making great name in Investment area. Feels like doing justice with the degrees. Congratulations and have great future ahead.
here we got one more CFA welcome to this thread
Dear TUMTUM
Your story indeed looks like mine. I am also CFA from ICFAI, cleared CIIA in 2004. But due to certain family problems could not move away from home town for job. It is really gratifying that you are making great name in Investment area. Feels like doing justice with the degrees. Congratulations and have great future ahead.
Thank you Joy. All the best to you too !
Brother Ketan, thats precisely what I am telling dude. Let the whole world tell what it wants to but you should insulate yourself from all this crap. Just tell me, is Times of India the GOD himself that whatever it says should be worthy enough to worry you? This very Times of India also publishes advertisements of ICFAI and I can show you a many many articles where TOI has itself praised ICFAI no end!! The idea is simple, if ICFAI pays money to get an article published, TOI publishes it and if AIMR gives money, then it does it for AIMR!! It needs business and all it is doing is business which I dont think is wrong!
But you should remember one thing dude. No matter what people say, if you are convinced inside, then you need not worry as history is beset with millions of such examples where men who have let their courage and confidence remain intact in their toughest hour have been outstanding personalities.
Let me just quote an example. One of the first Moghuls to rule India, Babur was in his youth one of the many impoverished princes (all descendants from Timur dynasty) who fought among themselves for possession of some small part of Timurs fragmented empire.With a powerful Persian dynasty to the west (in Iran under the ruler Ismail the 1st) and an aggressive Uzbek presence to the north (under Shaibani Khan), Babur had only Kabul to his name and this meant that his only chance of expanding was eastwards - into India.
With a small army of 25,000 foot soldiers, he decided to conquer India (Delhi in particular), which at that time was ruled by Sultan Ibrahim Lodi. The decisive battle took place on the plains of Panipat. Babur was heavily outnumbered by Ibrahim Lodis 100,000 men and 1,000 elephants (like I said earlier, he just had 25,000 foot soldiers) but Babur had what it takes to win the battlestrategy and COURAGE!
Baburs strategy was simple. He got dug into a prepared position copied from the Turkish warriors (from whom other Afghans and Persians AND LATER Baburs armymen learnt the use of guns). Sultan Lodi of Delhi had no artillery or muskets. Babur had only a few, but he used them to great advantage. He collected 700 carts to form a barricade (a device pioneered by the Hussites of Bohemia a century earlier).
Sheltered behind the carts, Babur's gunners went through the laborious business of firing their matchlocks- but only at an enemy charging towards their position. It took Babur a great deal of patience and courage to tempt the Lodi warriors into charging at them. When they did, they succumbed to slow gunfire from the front and to a hail of arrows from Babur's cavalry charging on each flank. At the end of a long ordeal, Babur won the throne of Delhi! It was a seemingly impossible feat but his tactics won the day!
By telling all this, dont think that I am making a mockery of your or anyone elses worry. What I am trying to show to you is that dogs will bark but do you bark at them? I know that ICFAI has a habit of springing sudden surprises but then it always makes sure of one thing, that the students interest is not harmed in any way.
Whether the decision of the Board of Governors will discount the value of CFA or not remains to be seen and only time will tell but according to me, things are not as apparent as they may seem. There is something which ICFAI is not telling the world and I feel that in some time, it will surely come out with a statement that will clarify all the doubts. Just wait and watch and keep asking for clarifications from them.
I am not being sentimental as put forward by you but your habit of being in doubt and being worried and alarmed despite repeated clarifications and discussions makes me wonder at times as to what you are up to in life. Dont worry about all this and focus on completing the course with good grades. The rest will take care of itself. Hope you get the message.
Great post Tumtum 😃 I am very thankful to you for motivating all of us.
Dear TUMTUM
Your story indeed looks like mine. I am also CFA from ICFAI, cleared CIIA in 2004. But due to certain family problems could not move away from home town for job. It is really gratifying that you are making great name in Investment area. Feels like doing justice with the degrees. Congratulations and have great future ahead.
Heartiest Congratulations for completing CFA ICFAI and CIIA. That is super performance, i must say. You might have missed the first innings, but you will definately win the race. I am sure anytime when you are free from family responsibilties, you can start your investment research career.
Dear Nidhi, just to get your concepts CLEAR.
ICFAI was originally established as a subsidiary/sister concern of the then Institute of Chartered Financial Analysts (ICFA- based in Charlottesville, Virginia) mainly to propagate the CFA program in India. Later ICFA merged with Financial Analysts Federation of the US (FAF) and formed the Association of Investment Management & Research (AIMR). AIMR and ICFAI continued collaboration and ran a CFA course in India.
Now what I am telling is that the old (AIMR + ICFAI wala) CFA course was composed of the subjects that we study in Alpha + Beta + Gamma + Delta + Portfolio Mgt & MFs only. There was not other subject in the AIMR + ICFAI wala original CFA that was offered in India from the years 1985 to 1989. The groups of Epsilon, Lambda, Theta and Sigma are the contribution of ICFAI. What I said is that the ICFAI Board of Governors and CCFA together have decided to alter the criteria for the award of the CFA charter. I dont know how to make u understand !
Now ICFAI is awarding CFA charter to all those who are completing precisely the same subjects as enshrined in the ORIGINAL CFA curriculum, which is strange.
It is good to know that you are doing the course from 2003 but frankly, you seem ignorant of all these developments and it would do you a lot of good to keep abreast of all developments and then dish out your knowledge.
You say that after completing the program once gets CFA, which is also called MS (Finance) which is blatantly wrong. CFA is awarded by the Council of Chartered Financial Analysts and MS (Finance) is awarded by the ICFAI University and both are legally separate bodies belonging to the same umbrella institution and you get two separate certificates, one for MS (Finance) and one for CFA. I know this because I have been awarded both the certificates separately. My CFA certificate is not called MS (Finance).
Hope you get the gist of what I am trying to drill into your head !
Regards,
Tumtum.
ohhhhhhhhhhhhhh man u r so great but please also clarify a bit is there any market value for partrial CFA with experience in market research company as u r in hardcore finance please guide me or i have to in this industry for 2 -3 years until my CFA is completed
ohhhhhhhhhhhhhh man u r so great but please also clarify a bit is there any market value for partrial CFA with experience in market research company as u r in hardcore finance please guide me or i have to in this industry for 2 -3 years until my CFA is completed
If you will be moving from market research to hardcore finance, you will be changing your domain and you have to start as a fresher. Salary package might be little bit higher then a pure fresher because of your KPO market research experience, but designation will be the same. Frankly speaking, this is what my experience tells me.
During IJP, Your total experience + experience in particular company is considered. In BPO and KPO, you must have read IJP for team leaders- Total experience: 2, Minimum experience with current organisation: 1, rating:....... etc.So, experience never hurts but if you are changing your operational domain expertise, then you need to prove yourself at the entry level in financial KPO process after CFA.
If you will be moving from market research to hardcore finance, you will be changing your domain and you have to start as a fresher. Salary package might be little bit higher then a pure fresher because of your KPO market research experience, but designation will be the same. Frankly speaking, this is what my experience tells me.
During IJP, Your total experience + experience in particular company is considered. In BPO and KPO, you must have read IJP for team leaders- Total experience: 2, Minimum experience with current organisation: 1, rating:....... etc.So, experience never hurts but if you are changing your operational domain expertise, then you need to prove yourself at the entry level in financial KPO process after CFA.
Thanks for ur information But my question still remains the same can I try for a job in financial sector with partial CFA and 1.5- 2 or might be higher years of experience in market research company. What will be the entry level package provided my current package is around 4.25lacs pa
sudhanshu25 SaysThanks for ur information But my question still remains the same can I try for a job in financial sector with partial CFA and 1.5- 2 or might be higher years of experience in market research company. What will be the entry level package provided my current package is around 4.25lacs pa
Sudhanshu.
From my experience, I can say that the salary package to a great extent depends on wht company you get into. For example, JP Morgan Chase (Mumbai) will recruit a Jr Analyst at a minimum package of 6 LPA. Deutsche Bank recruits at a minimum package of 6 LPA again and Morgan Stanley (JPMC, Deutsche Bank, Morgan Stanley are all big Investment Banks (IBs)) at a min package of 5.5 LPA.
However, if you go to places such as Irevna/Aranca/EVS/Copal Partners (all KPOs), they may not offer too high a package citing that you are not a complete CFA and that you dont have required experience and may even offer you the same package that you are drawing currently citing that they are giving you a break and that you should not ask for more (hehe) !
So its your contacts and luck that decides to a great extent. CFA only adds value !
Hope you get the idea !
Sudhanshu.
From my experience, I can say that the salary package to a great extent depends on wht company you get into. For example, JP Morgan Chase (Mumbai) will recruit a Jr Analyst at a minimum package of 6 LPA. Deutsche Bank recruits at a minimum package of 6 LPA again and Morgan Stanley (JPMC, Deutsche Bank, Morgan Stanley are all big Investment Banks (IBs)) at a min package of 5.5 LPA.
However, if you go to places such as Irevna/Aranca/EVS/Copal Partners (all KPOs), they may not offer too high a package citing that you are not a complete CFA and that you dont have required experience and may even offer you the same package that you are drawing currently citing that they are giving you a break and that you should not ask for more (hehe) !
So its your contacts and luck that decides to a great extent. CFA only adds value !
Hope you get the idea !
Thanks a lot ur post really gives me decent idea .Also please quote I am correct or not It means my complete CFA with 2-3 years of work ex in a market research KPO will help me getting a good start.Your posts are valuable for me.