I’m looking for a bit of advice please. I just started my first finance role (equity research) and at 29 I’m keen to get started on the CFA. However the deadline to register is this week and although ivy level backround, high GPA etc I have a more liberal arts background (just a few econ/ business modules).
Anyone with experience of CFA 1/2, would you reccomend:
A) Do exam in Dec - focus now on performing well in work, making a good impression, becoming competent on the tasks/technology etc required for the role. Start studying for level 1 soon, so it will be less stressful come Dec and perhaps start looking at tricky bits in level 2 before sitting level 1 exam to get familiar early. The downside to this that I see is the massive hellish turnaround for June level 2 exams.
B) Do exam this June - Spend next 12 weeks of evenings/weekends and a week off studying for level 1. Clear it in June and have the summer off with lots of time to prepare for level 2 next year.
My preference is to get it out of the way, but with the time frame/my educational background/new job demands I’m not sure that’s too ambitious, or not the smartest approach as will likely have detremental affect on work performance. As a newbie surely I want to focus the first 6 months on making the best first impression, doing extra on topic reading after work etc - so they’ll keep me around!
Consider Option B if you fail in your first attempt in June 2014(It is understood that I am preconising Option A). With your background and high GPAs etc, it shoud be fine for you. Provided you study hard. The challenge is big. There are many things to study. I am sure you will do good if you organise yourself well, in your case, probably you need to practice the questions a lot.