This time I had plans to start early in October. Not yet registered
However, I am the CFO of an early stage biotech and the CEO announced that they plan to go IPO by June/July 2019.
For those who have experience in IPO ( it will be my first time), can you recommend if I should take level III this year as you know that during IPO, there will be roadshows and lot of travels and work and am not sure if I would have during the last month which is very crucial.
If you have taken it twice you know what its about and have alot of the fundamental knowledge grounded (I hope). 2019 attempt should be about fine tuning weak areas and practicing far more questions. I think you are close to the finish line and the momentum is there, do not put your foot on the brake now, it will just make it harder to get going again in 2020.
2019 is your year. Beast it and don’t make excuses!
Let’s get real here. Harrogath is right, IMO, CFA charter is a mean, not an end. There are many ways to learn technical skill and learning by doing is the best way. I thin it is perfectly fine to take a pause and sharpen your technical (IPO) skill.
The difference is Harrogath is taking 3 for the first time. He took a break after 2. Saurab has done it the previous 2 years. There is most definitely a momentum element here that he should take advantage of.
Being CFO of the company, you will have to do majority of the work with your Advisors and Arrangers and believe me IPO preparation and execution is a tough ride which requires lot of hard work and effort. I think you may not be able to give proper time to your studies.
I agree with Harrogath and ws, Saurabh seems to have a good thing going on career wise and it would be best to give it all the attention than to try and split it between preparing for LIII and the IPO. However, I do see your point rex, but I believe it all boils down to what does OP value more at this point (unless OP thinks doing both is feasible then by all means go for it)
PERSONALLY, I would never take a break now. What’s the point i’ve done it 2 years in a row, just be done with it in 2019. If I didnt keep the momentum then come 2020 I would feel like im starting at sq.1 again with probably large curriculum changes being phased in.
I would sign up. Liquidity in the market for a biotech IPO can dry up in a blink. Plus all it takes is one clinical study to be pushed back 6 months and you will have capacity. Unless the cash burn means you have to raise finance in 2019, then go for it!
Just take the exam. Invest in some revision course that will fit your busy schedule. I can’t imagine it will be easier in the future when you’ve forgotten a lot of stuff and have to refresh. Career comes first, but if CFA is important to you then now is the time to strike.
I think the L3 curriculum is drastically revamping/changing. Last year I think it was fixed income, and this year it’s equities. So post-poning may be burdensome in the future as more new materials get added to the curriculum. That’s just my 0.02. It’s ok, I took it too. Twice. And passed on my third attempt. Took a different provider that focused on my AM writing (which was hella poor in the prior attempts) and this year passed with flying colors.
IPO? That is like to printing money… you dont do anything and just watch the money come… I would register ASAP get the CFA and then when you do earnings call, they can announce you as Mr. CFA Saurabhm… with that title you can probably sway the buyers in.
Just don’t let anyone on the call know it took you 3 attempts at level 3…