Reggie Wrote: ------------------------------------------------------- > No one looks forward to studying level one. You > have no idea what you’ve signed up for… I looked forward to it. You know why? Because I’m insane.
The CFA exams are actually pretty easy. It similar to the CSC offered in Canada
i came from engineering/physics background. CFA is cake. much easier then discussing magnetic fields, mixed signal circuits, fuzzy math concepts, Time dilation, Mass Energy Equivalence, etc… much more hands on, show those biz school biatches what’ what with your CFA.
I’ve done the CSC in Canada. The CFA program contains an astronomical amount of depth and volume compared to the CSC. Although, roughly, the same topics are cover. CSC = a neatly summarized, barely challenging version of the CFA. And what’s with you posting in multiple threads that the CFA is easy. One again keep your opinions to yourself.
theblackman Wrote: ------------------------------------------------------- > Reggie Wrote: > -------------------------------------------------- > ----- > > No one looks forward to studying level one. You > > have no idea what you’ve signed up for… > > > I looked forward to it. You know why? Because > I’m insane. i enoyed level 1 & 2… level 3 sucked b/c i was sick of it. but got thru b/c i knew it was the last. still hated picking up every book re: lvl 3. material becomes redundant, and less relative to asset valuation IMO, level 2 was good balance of valuation, accounting (you better know those damn accountants will be creative and you have to know how to interpert) and PM… bottom line, after all that f’n classes, an asset is worth only what someone else is willing to pay for it. CDO, ABS, GOLD, GE EQUITY, BAC PREFERRED, A WEEKEND IN ANTIQUA, you know what someone else is willing to pay tomorrow then you can print money.
Reggie Wrote: ------------------------------------------------------- > I’ve done the CSC in Canada. The CFA program > contains an astronomical amount of depth and > volume compared to the CSC. Although, roughly, the > same topics are cover. > > CSC = a neatly summarized, barely challenging > version of the CFA. > > And what’s with you posting in multiple threads > that the CFA is easy. One again keep your opinions > to yourself. “One again keep your opinions to yourself”… are you retarded? isn’t your whole comment an opinion in itself? the CSC is a neatly summarized, barely challenging version of the CFA. I will state what I like.
I was just kidding around with my ‘no one enjoys level 1’ comment. I immensely enjoyed it. I’ve always loved studying finance and CFA lvl I was exactly the curriculum I was hoping my 4 year undergrad would be but was sadly disappointed. I just hope level 2 and 3 are just as intriguing.
Okay whystudy state what you like. Go into the Level I forum and tell everyone struggling with the material that you find it 'too easy. Actually you might as well just start a new thread dedicated to just that. So you can go out of your way show all those who may initially be overwhelmed that you are having no problem whatsoever. If it were up to me, I’d say you are the retarded one.
I’m kinda doing this for fun. Level 1 was pretty easy (the math part), but the accounting part was difficult. Then again, I’m from Comp Sci, I don’t know finance, other than what’s the P/E ratio! 
Still procrastinating in studying for June Level 2. 
Cameron… you will rock this exam. I envy you finance, commerce, MBA people!!! It’s a review!!
whystudy Wrote: ------------------------------------------------------- > The CFA exams are actually pretty easy. It > similar to the CSC offered in Canada Not even close. Not to toot my own horn, but I graduated university in December 2007 and I wrote both my CSC exams in March 2008. I didn’t study a minute for either exam, and I finished both of them in under 45 minutes. I ended up with an 78 (a passing grade is 60% or better). The CSC was a complete joke, and nothing more than a money grab. People with finance degrees should be exempt from wasting money on that stupid exam. I’ve already started going through the level 1 material. There’s a TON of it, but it’s the same stuff they taught in university. The trick is to know what’s important and what isn’t (after you’ve internalized the concepts and whatnot). I personally love math and I love solving finance problems, which is why I’m looking forward to studying for this exam. The only thing that sucks is I’m unemployed right now so I opted to not register yet in hopes that my financial situation will turn around my the March cut-off (I know it’s $300 more or whatever, but I really can’t afford $1,200 today and I don’t want any credit card debt). Sucks Anyways, I’m not trying to downplay the level of difficulty of this stuff what-so-ever. I didn’t mean to come in here and boast about doing the CFA just because I was bored or whatever. It is a serious designation that requires some serious effort, there is no denying this. Best !
Reggie Wrote: ------------------------------------------------------- > Okay whystudy state what you like. Go into the > Level I forum and tell everyone struggling with > the material that you find it 'too easy. Actually > you might as well just start a new thread > dedicated to just that. So you can go out of your > way show all those who may initially be > overwhelmed that you are having no problem > whatsoever. If it were up to me, I’d say you are > the retarded one. level 2 can get pretty overwhelming with all the nitty gritty fsa sections that im not lookingforward to studying again
CameronH Wrote: ------------------------------------------------------- > whystudy Wrote: > -------------------------------------------------- > ----- > > The CFA exams are actually pretty easy. It > > similar to the CSC offered in Canada > > > Not even close. Not to toot my own horn, but I > graduated university in December 2007 and I wrote > both my CSC exams in March 2008. I didn’t study a > minute for either exam, and I finished both of > them in under 45 minutes. I ended up with an 78 (a > passing grade is 60% or better). > > The CSC was a complete joke, and nothing more than > a money grab. People with finance degrees should > be exempt from wasting money on that stupid exam. > > > I’ve already started going through the level 1 > material. There’s a TON of it, but it’s the same > stuff they taught in university. The trick is to > know what’s important and what isn’t (after you’ve > internalized the concepts and whatnot). > > I personally love math and I love solving finance > problems, which is why I’m looking forward to > studying for this exam. The only thing that sucks > is I’m unemployed right now so I opted to not > register yet in hopes that my financial situation > will turn around my the March cut-off (I know it’s > $300 more or whatever, but I really can’t afford > $1,200 today and I don’t want any credit card > debt). Sucks > > Anyways, I’m not trying to downplay the level of > difficulty of this stuff what-so-ever. I didn’t > mean to come in here and boast about doing the CFA > just because I was bored or whatever. It is a > serious designation that requires some serious > effort, there is no denying this. > > Best ! I like your attitude.
kblade Wrote: ------------------------------------------------------- > I also came out of undergrad with a Finance > background, I found Level 1 to be fairly > straightforward with material very similar to what > I learned in university. I still put in a > substantial amount of hours into studying because > some things like ethics was completely new to me. > > The material might not be too hard, but you are > underestimating the VOLUME of material. This is > like studying for 6 university courses and writing > a 6 hour exam on all 6 courses at once. I concur with this one. I also take finance concentration during undergrad (and minor in economic) and after speed reading the whole CFAI curriculum, I felt like they told us to cram 4 years of undergrad study to prepare for CFA exam. It’s not that the materials are hard, it’s just the volume is downright ridiculous (considering than most of the test-taker is already working an at least 60H/w). It takes a lot of discipline and perseverance to come out from L1 alive…
I did it for ONLY the knowledge part of it. I was not in finance field before and after completing all 3 levels I do not forsee myself jumping into it. My background was engineering and wanted to know about investments etc. I guess most people would say that was probably very long and ardous route if the purpose was clear right at the outset. But in your case if you already have the background and you are so confident of it then i dont really see wasting your time on it. You should really be working on getting the background on the next area/field that you want to be in another five years. e.g. if you want to be a professional musician in five years and you havent even picked up an instrument yet, then you are really up against time…
CameronH Wrote: ------------------------------------------------------- > whystudy Wrote: > -------------------------------------------------- > ----- > > The CFA exams are actually pretty easy. It > > similar to the CSC offered in Canada > > > Not even close. Not to toot my own horn, but I > graduated university in December 2007 and I wrote > both my CSC exams in March 2008. I didn’t study a > minute for either exam, and I finished both of > them in under 45 minutes. I ended up with an 78 (a > passing grade is 60% or better). > > The CSC was a complete joke, and nothing more than > a money grab. People with finance degrees should > be exempt from wasting money on that stupid exam. > > > I’ve already started going through the level 1 > material. There’s a TON of it, but it’s the same > stuff they taught in university. The trick is to > know what’s important and what isn’t (after you’ve > internalized the concepts and whatnot). > > I personally love math and I love solving finance > problems, which is why I’m looking forward to > studying for this exam. The only thing that sucks > is I’m unemployed right now so I opted to not > register yet in hopes that my financial situation > will turn around my the March cut-off (I know it’s > $300 more or whatever, but I really can’t afford > $1,200 today and I don’t want any credit card > debt). Sucks > > Anyways, I’m not trying to downplay the level of > difficulty of this stuff what-so-ever. I didn’t > mean to come in here and boast about doing the CFA > just because I was bored or whatever. It is a > serious designation that requires some serious > effort, there is no denying this. > > Best ! Ah man, I thought we had another Bleron on our hands…
please tell me this post was a joke. I know a lot of people really working hard to earn the CFA and joining the elite few that carry the CFA is a huge step in the right direction in a lot of finance types career. It is not going to open the golden gates but it creates another tool you have in your tool belt.
goldenboy09 Wrote: ------------------------------------------------------- > please tell me this post was a joke. I know a lot > of people really working hard to earn the CFA and > joining the elite few that carry the CFA is a huge > step in the right direction in a lot of finance > types career. It is not going to open the golden > gates but it creates another tool you have in your > tool belt. Some people work really hard towards thier CSC exam as well, why bash those people! There are people who study months for the CSC exam, I know some of them too. So if people are going to stay the CFA exams are harder, then it’s just a matter of perspective.
What are the pass rates like on the CSC?
goldenboy09 Wrote: ------------------------------------------------------- > please tell me this post was a joke. I know a lot > of people really working hard to earn the CFA and > joining the elite few that carry the CFA is a huge > step in the right direction in a lot of finance > types career. It is not going to open the golden > gates but it creates another tool you have in your > tool belt. None of my posts are jokes. I’m just being honest about why I’m doing the CFA. Like you said, it’s another notch on the belt. It won’t HURT to have a CFA, it will only HELP. I have no other career aspirations at the moment so why not take some time and attain this designation? If you eat, sleep, and breath finance, then more power to you. I’m not that kind of person. I have a stong understanding of the subject, but I’ll be damned if I’m 40 years old and working in this industry. bchadwick Wrote: ------------------------------------------------------- > What are the pass rates like on the CSC? If it’s anything less than 80%, I’ll be shocked. Such straight forward material.
What are the pass rates like on the CSC? its actually quite low b/c you have bank tellers with a high school education and no financial or mathematical background writing the things. i heard its near 50-60%. anyone who has passed L1 can pass the CSC w/o studying, I’m living proof.