Hi, i took L1 last week and hopefully i passed. I'm ready to take the risk and start early for L2 june2011 before getting my result end of january.
Here's my situation... I'm from a totally unrelated background and my only exposure to the world of finance was thru currency trading in the past few years until i decided to study for CFA. Overall i studied about 6 months effectively for L1 and except retaining i didnt have much problem with comprehending the material.
My question is would studying for about 5.5 months, 20 hours per week and 100 hours in the last two weeks give me enough time to master the material with a good chance of passing given my non- finance bakground? Has anyone with an unrelated background who passed level 1 last december and sat for L2 in june can share their experiences with me please?作者: bingbingliang 时间: 2011-7-11 19:10
[Search] ^作者: thecfawannabe 时间: 2011-7-11 19:10
Thats a total of about 500 hours. Thats should be enough. However, if you work full-time it'll be tough getting in 20 quality hours in per week on a cosistent basis....作者: busterbluth 时间: 2011-7-11 19:10
The bigger question here is if you are not doing anything finance related, why are you spending over 550 hours on this test?
But more to the point, it's probably enough time. A lot of the material is new even to people with "finance backgrounds".作者: cv4cfa 时间: 2011-7-11 19:10
@ohai,
I'm looking to change my career and thats why i'll put as much time as needed into this. Again, i'm a currency trader and i ultimately want to become a portfolio manager so that gives me enough motivation to pursue CFA designation. In Canada you dont need to be a CFA charterholder to be registered as a portfolio manager (theres another designation called CIM which is much easier than CFA) but i figured having a CFA designation would probably give me a better edge due to my non-finance background.作者: profil 时间: 2011-7-11 19:10
Although to be a licensed Portfolio Manager/Investment Counsel in CANADA the CFA Charter route is not the only one, a CIM with the approriate experience will do the trick....
...... however NO EMPLOYERS will hire you for such a position without being a charterholder. CANADA has the highest CFA Charterholders on a per capita basis.作者: ninja1024 时间: 2011-7-11 19:10
Thanks Rehix, thats a good point youre making which is exactly why i didnt go after CIM.
Are you working in the industry? I would like to know how employers would look at applicants who dont have a finance background but have passed lets say all three levels of CFA? Can you shed some light on this please?作者: giorgio10 时间: 2011-7-11 19:10
Omid Wrote:
-------------------------------------------------------
> Thanks Rehix, thats a good point youre making
> which is exactly why i didnt go after CIM.
>
> Are you working in the industry? I would like to
> know how employers would look at applicants who
> dont have a finance background but have passed
> lets say all three levels of CFA? Can you shed
> some light on this please?
There are plenty of portfolio managers and analysts who don't have undergrads in finance/business. Once you have passed all 3 levels of the CFA, you can't exactly say that you come from a "non-finance" background anymore. Don't sweat your undergrad so much, it's all about what you do after (experience, CFA, etc.). Obviously doing a finance undergrad is a seemingly more direct path, but it is not the only path.
