CFA

CFA Not Helping Career

I undertook the CFA program to try to advance my career and successfully completed the program last year.  I work in Middle Office at a hedge fund and figured that the CFA would certainly help me get into a trading or investment management type role but it hasn’t.  The fact of the matter is that employers look for people who have practical experience in the roles they are hiring for and won’t give you a chance just because you have a CFA (unles you are really lucky I suppose).  In all honesty I wish I had pursued an MBA. 

anyone else in the same boat? Continue reading

Why Talk About MBA

Looking at most threads I stil see a problem where most guys are comparing an MBA with CFA. Even with my little background in finance those guys have half a chimp’s brain if they are lucky !

You can get an MBA at LBS or oxford,or you can take an online course at your local university where there is AA meetings after the uni time to cover costs.There are many used car salesman I have seen taking an MBA thinking it can enhace their marketing/negotioation capabilities.While their effort are appreciated both groups have their MBA. Continue reading

Proctor behavior in general

As a lot of topics emerged on Proctor behavior (e.g. violation reports) I´d like to hear your experience with proctors in general.

In my test center in Frankfurt, all proctors I dealt with were really kind and supportive, although I admit there could be a****les among them. Sometimes they seemed a little excessively accurate, e.g. by taking calculator batteries from the table to the floor, but always in a friendly manner. Continue reading

Volatility in stock markets

Help me out of my confusion: I just read in a research report, that the low volatility in stock markets (VIX of S&P500 @12) is at the moment a warning signal among sentiment indicators. I always considered a HIGH volatility as a danger for a trend reversal, like in the 2000s… Continue reading

New TI calculator models - same flaws?!

So I noticed today TI came up with new versions for their financial calculators. Sadly, the new models seem to have gotten only an exterior design overhaul and key issues have not been adressed. Display is still single line and therefore does not show algebraic manipulations when entering.

How hard can it be to take the well designed TI-30X IIS and slam TVM, AMORT, STAT and NPV functions on it instead of trigonometry functions? I mean TI sells its financial calculators 90% to CFA candidates and they still don’t manage to come up with an adequate solution for that exact purpose. Continue reading

CFA in a line...

I’m currently sending out my CV and writing short cover letters. If you had to describe the CFA in one or two lines how would you do it? Continue reading

Invested Capital

I’ve seen invested capital defined two ways:

1) Net fixed assets + noncash working capital 

2) BV of debt + BV of equity

I’m confused why it has these two definitions? The former excludes long term debt. Shouldn’t that be included? Continue reading

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