Hey all, just looking for an answer from somebody who’s been there (the charterholders). If you’ve read any of my posts recently you’ll know my job out of university (starting next month) will be as a business analyst with an oil & gas services firm, and until something better comes up I’m going to stay there- realistically for 2 years before I start to stress about getting out, as per my current plan, and this coincides with doing my exams (level 1 in dec).
My question is, how strict is CFAI about your work experience to get the charter? I know it’s four years, but I’m not entirely sure if they’d accept this position as experience. If not, it would definately push me to be more aggressive in getting into finance.
I don’t have a good job description, so I’ll explain by way of example. As a summer student, I was responsible for several projects: using historical maintenance data to build a cost-optimized preventative maintenance schedule on the entire fleet, based on different makes/purposes etc. (ie, rebuild the pumps on the frac pumpers every X tons of proppant pumped, so that that cost is cheaper than the lost revenue of having one break down on the job); determining if the cost of building a regional maintenance facility for heavy repairs would be more cost effective than sending the trucks to third parties, based primarily on lost revenues through wait times; updating our services price book. This was as a summer student, but now that I’ll be on as a full-time analyst, I’ll primarily be analysing bids based on discounts, ROIC, contribution margins, profitability etc.
So as you can see, there is a lot of financial accumen required for this work, but it’s not exactly “CFA finance”. Do you figure it would count if I did it for all four years? What about just one year? Just wondering how strict they are about the relevance of the work experience…