None of the above. Given that level 1 is considered a cakewalk compared to level 2, passing level 1 probably won't make that much of a difference.
I expect the level 2 books to arrive after I register in the next few weeks.
soddy1979 Wrote:
-------------------------------------------------------
> When you pass level 1, hiring managers will
>
> a) know you can put your mind to something
> extensive, and see it through.
> b) know that you have a certain level of knowledge
> about investments.
>
> It won't get you a job on it's own but it
> certainly adds something to your CV.
>
> I didn't get a move to front office after passing
> level 1, but I did get a move to a much better
> role than the one I was in; and to a role that I
> could build meaningful working relationships with
> the analysts, traders and portfolio managers at my
> firm.
>
> And I very much agree with passme. It's a big step
> on the way to becoming a charter holder.
Do you believe that passing level one will help someone who comes from a non-finance background land a job in the investing field?
I keep hearing negative things about the designation in terms of its usefulness, and expect to hear more of the same in the future. Personally don't care since I took the exam as a hobby.
> Do you believe that passing level one will help
> someone who comes from a non-finance background
> land a job in the investing field?
That really depends on what your non-finance background is.
If your straight out of undergrad, with a major in philosophy, then probably not.
However if you have a good few years experience in industry, it might help you get an entry level analyst position covering said covering said industry.
"help" is the operative word here. You can't expect to only bring a pass at level 1 to the table and get your dream job.
Edited 1 time(s). Last edit at Thursday, July 29, 2010 at 04:21AM by soddy1979.
soddy1979 Wrote:
-------------------------------------------------------
> When you pass level 1, hiring managers will
>
> a) know you can put your mind to something
> extensive, and see it through.
> b) know that you have a certain level of knowledge
> about investments.
>
> It won't get you a job on it's own but it
> certainly adds something to your CV.
>
> I didn't get a move to front office after passing
> level 1, but I did get a move to a much better
> role than the one I was in; and to a role that I
> could build meaningful working relationships with
> the analysts, traders and portfolio managers at my
> firm.
>
> And I very much agree with passme. It's a big step
> on the way to becoming a charter holder.
+1
For me, it enabled the transfer from my engineering services to Corporate finance & planning. L1 results were not even out at that time.
Just out of curiosity, what do you call as front office jobs?