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 CFA program, I need some info... curious

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constant
post Sep 17 2009, 05:20 PM

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Guys,

UNLESS you want to be an investment analyst, Portfolio Manager or work in the Treasury or Money market, please do not waste your time on getting a CFA. Xuzen, if you thought about getting CFA level 1 to help your investment skill, forget it because it won't help much at all.
constant
post Sep 17 2009, 08:45 PM

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Level I covers a large area of topics and many topics have to do with economics, statistics, accounting etc but not very detailed in anyone of them. You have to learn many things but not all will be useful even for analyst and fund managers depending on what exactly is the nature of your job. For example, you might need to calculate variance or Value At Risk which are used in portfolio reporting. You will cover some stock analysis but not enough to be a pro, and if you are not really good at what you do in securities industry, you might as well know nothing because a little knowledge is harmful, not helpful.

It is OK to take the course if you just want to learn more BUT I must warn you, for a person that has no accounting background, you will find it very hard to cope. Why do you want to spend so much time on something that is not going to advance your career or investment skills?

 

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