| Topic Name: |
CFA or GMAT |
| Message Name: |
CFA easier coming out of undergrad |
| Date Posted: |
01/27/2006 |
| In Reply To: |
Since you're starting in July, it is better to study for the CFA Level I first which is in the first week of June. After that you can go on vacation b4 starting work in July. If you pass, you don't have to worry about CFA Level 2 until the following July. If you fail but gave an honest attempt to study the material, you can always retake the CFA Level I exam in December. I think you can passively study for the CFA Level I exam and still pass assuming you have had some finance and statistics courses prior to taking the exam.
The GMAT, IMO, is more important, but all you need is a solid month to study for that. I'm guessing that you have relatively few years of work experience anyway so you have plenty of time to take the GMAT. Look out for your career first. |
| Message: |
I'd recommend taking the CFA L1. I just finished my finance undergrad degree in december and took the L1 CFA exam the same month and passed. I was taking about 22 credits so I could get out early. You won't have time to study, but if you're coming out of a good undergrad program much of the material should be stuff you've already done. I would recommend pounding questions though since you need to be familiar with how the CFA Institute asks questions. I used becker and was happy with it.
Also another point is that CFA is pass fail GMAT is a score. If you don't do well on the CFA, so what, no one will know exactly how bad. GMAT they will.
Best of luck
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