Thanks for all the help and good luck. More than likely, I will be back next year. However, my job (Private Wealth Advisor) does not absolutely require me to have my CFA. What I need to do, is make sure I keep my current clients and raise new assets. Right now, getting through Level II is not going to make or break my career. It helps…just not a necessity. I am disappointed since I will be throwing away $1,500, but for the hours I would have spent studying, if I instead focus them on my business, it will make me way more money. Hopefully the world is in a better place a year from now. I am also getting married this summer so the fiance is a MUCH happier person already. Seriously, good luck to all of you!
sorry to hear that bro. i work with a CFA that had kids, got married, and when all was said and done, it took him about 6 years to get the charter. looking back, he said he was glad that he did it that way and wouldnt have changed a thing. im in private WM too and you are right that its not needed as much in our area than for the analyst positions. congrats on the marriage and best of luck
I agree if you don’t absolutely need it and can spend time generating revenue for your firm, now is the time to be generating revenue for your firm rather than studying.
…and here come the vultures… Got schweser/stalla? What do you want for them ?
congrats and g/l mateys its true that the CFA is not needed for ‘sales’ roles such as PWM advisors / financial planners. series 7 should suffice.
oh man he had to throw that ‘sales’ in there trying to strip you of your feelings that you are in an investment role… Despite my agreement to that, its probably not a bad decision at this time if you are wanting to stick in the PWM advising space. that said, if you are looking to leave there someday it might be beneficial to keep trucking along. Good luck to ya, the CFA will be here when you decide to come back, while your job might not be if you dont work hard right now.
Will you show for the exam and score really low on purpose. TIA.
Ha! I should do that for you BSS. I would finish each part in 30 minutes, stand up and then announce to everyone how easy the exam was and that the CFAI is a joke! My “confidence” might actually shatter the confidence of some of the other test-takers driving them down into the FAIL range. I might consider. I will be back and will obtain the CFA, it just isn’t my time. I did enjoy getting blasted with my friends all weekend and now am at the office focusing on my job. The 3-4 hours of studying each day can now instead be focused on my clients and prospects so hopefully I get some more “Sales” niraj_a. Always good times on the AF! One other note…I did not start studying until Feb 15th so it is not like I am giving up on 3 months of work. I did work through FRA and half of corp finance.
Good Luck mate! respect your decision.
This is really random, but consider this tactic: You pick one section - maybe FSA or Equities, don’t study anything else, and plan to nail that section (and fail the exam - a given due to the circumstances above). You only do the questions related to the topic you picked on the exam, and then hope to get 70+ on it. You see how you did when exam results came out, get L2 exam experience, get use out of the materials you already have, don’t burn too much time as it is only one section, so you have time for all that other stuff in life, and you gain confidence for when you plan to take it the next time in that specific area.
Yea, give er a shot studying just ethics, FSA and Equity and see what happens
sorry if i ruffled any feathers with my ‘sales’ comment. i didn’t mean to offend anyone and i should have been more careful. i’m a realist when it comes to job descriptions and that’s what i feel about those positions, having seen their workings first-hand. what works for one person may not work for another. that said, congrats again on the wedding mate! truly an imp. milestone reached.