| Topic Name: |
CFA Writers? |
| Message Name: |
No way |
| Date Posted: |
05/25/2000 |
| In Reply To: |
I am about to enter an analyst program in trading and will likely spend 3-4 years working before considering any type of graduate school. I am thinking of beginning the CFA immediately, as I know the buy side is an opportunity I may ultimately pursue. Would you recommend this? I figure a lot of the academic accounting, finance and economic material will be most fresh in my mind now...plus, the firm in which I work will likely provide prepatory avenues for employees doing so...does this sound like a good idea? |
| Message: |
I'm an associate who wrote level I & II and passed quite easily on the strength of academic background and work experience and I can tell you this - if you work for ANY bank with strong deal flow, there is virtually no way that you'll have the time as an analyst to deal with CFA prep.
I'm not writing level III this year for exactly that reason. I now have about 8 years of financial education and 5 years work experience, and I'm crunched for time as a senior associate. As an analyst with (I'm presuming) a lot less education (no offense, you're probably not old enough to have 8 years), you shouldn't even consider it; but rather, you should do it while in business school, which is effectively a vacation after 2-3 years of being an analyst. There will be serious overlap in the materials, which means you only have to study it ONCE, and you'll have much more spare time to devote to the process.
Just my 2 cents.
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