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Business Chartered Financial Analyst (CFA)

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kinwing
post Dec 6 2011, 10:27 AM

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QUOTE(gooni3 @ Dec 6 2011, 01:25 AM)
kinwing how did u know u didn't pass ethics?


Added on December 6, 2011, 1:25 amhow did they do the exam without a calculator omg
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I have never scored >70% for ethics in all 3 levels tongue.gif .

By the way, if you remember the formula and also know how to solve unknown with multiple powers, then you don't need a calculator in the exam.

This post has been edited by kinwing: Dec 6 2011, 10:35 AM
kinwing
post Dec 6 2011, 10:32 AM

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QUOTE(fino_abama @ Dec 6 2011, 06:31 AM)
There's a 10% component for Ethics in Level 3. Maybe they didnt test it during that session. tongue.gif


Added on December 6, 2011, 6:33 am

The ones that contribute to malaysia's failure rate.
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My bad tongue.gif as I just checked the email from the CFA Institute about my level 3 result and realised there was indeed a topic of "Ethical & Professional Standards" being tested in the level 3 exam with maximum marks of 36 points (about 10% of the total marks).
kinwing
post Dec 18 2011, 09:17 AM

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QUOTE(december @ Dec 16 2011, 08:43 PM)
very difficult due to my below average result  sad.gif
any suggestions or recommendations? or advice?
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What make you think you can achieve above average result in CFA exams if you are not doing well in your degree?

OK, my advice to you is that if you really need to sit for Level I next year June instead of December, you have another 6 months to study from now. If you are working, you have to study 2 to 3 hours work everyday after work, assuming your work does not require you to work OT. And then on Saturday and Sunday (assuming you do not work on Satuday), you have to stay home to study another 8 to 10 hours and thus you do not really have leisure time to go shopping or meeting friends during these 6 months.

Since you have mentioned you only achieved below average in degree, I believe you have to put more effort to above average result for Level I. Studying the CFA program need a huge commitment, and if you cannot take it, better postpone or just don't waste your money and time.
kinwing
post Dec 18 2011, 06:22 PM

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QUOTE(TSOM @ Dec 18 2011, 06:12 PM)
That makes getting a CFA level 1 sounds so good!! Then Level 2 equals to master's degree, and Level 3 is PhD?
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What is your point or you just troll whistling.gif ?
kinwing
post Jan 6 2012, 11:17 AM

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QUOTE(mamaiwanneinei @ Jan 5 2012, 09:06 PM)
Hmmm.can I ask after I fnish double degree accounting and finance, can I further study to CFA ? And if can, how many yrs is needed ?
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Double degree account and finance? I thought it could be done in single degree with double major in accounting and finance.

As long as you attain your degree, irregard of what you studied in your degree, you are eligible to sit for all the CFA exams.

Normally CFA candidates will take an average of 4 years to finish the exams (which means a lot of candidates fail 1 to 2 times) or they are just not able to complete the program.

If you are very smart in studying, you could register at the last deadline at September 2012 in order to sit Level I at December 2012, pass Level II exam at June 2013, and then sit for the Level III exam at June 2014 and get to know the result for Level III at Augut 2014, then the program will cost you 24 months in studying.

Good luck to you anyway.

This post has been edited by kinwing: Jan 6 2012, 11:18 AM
kinwing
post Jan 16 2012, 10:03 PM

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QUOTE(lawl @ Jan 16 2012, 09:11 PM)
Guys, Im wondering if i ca take the dec 2012 lvl 1 exam and then take lvl 2 after 1-2 years later?
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Yes you can always take the exam of next level few years after you have passed the exam of the initial level.
kinwing
post Jan 16 2012, 10:04 PM

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QUOTE(judejude @ Jan 16 2012, 11:25 AM)
Hi all, I have an inquiry. I'm currently pursuing my 4-year bachelor's degree program in USM. Is it against the rules if I register CFA level 1 exam for December 2012 now since I'm not a final year student officially yet (my final year starts around September 2012)? I can enjoy greater discount if I register before March and get textbooks earlier. I'm already in final year of study at the time I sit for the exam. My program consists of 8 semesters, however the whole eighth semester is meant for industrial training/internship, so do my sixth and seventh semesters count as final year of my program to meet the requirement  for registration of CFA level 1 exam. I'll start my sixth semester this coming February so I still able to register before the 1st deadline of March.  Please advice.   icon_question.gif  
P.S. I did email to CFA organization but the reply  (as shown below) is somehow not so specific to my question hmm.gif
"As long as you are in your final year of your degree program, then you can register for the CFA Exam. As for the discount please see the link below on the reates and deadlines imposed by CFA institute.
http://www.cfainstitute.org/cfaprogram/pro...ndex.aspx"
Thank you. smile.gif
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The email has clarified clearly that you are only eligible for registration when you are in the final year of the degree program. However, when you want to register the CFA exam at March 2012, you are not final year degreem student yet as you mentioned that your final year degree programme will only commence in September 2012. Again, it mentioned that you should be final-year degree student when you want to register for the CFA exam, not when you want to sit for the exam.

So don't try get the early-bird discount by cheating the CFA Institue and the consequences will be more serious than what you have saved from the discount.

This post has been edited by kinwing: Jan 16 2012, 10:13 PM
kinwing
post Jan 18 2012, 03:40 PM

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QUOTE(shermanyun @ Jan 18 2012, 03:02 PM)
Guys, I'm keen to enroll CFA and have some clarifications:-

(1) Will I have sufficient study time if I enroll now for Dec 2012 Exam on level 1? I have no idea on the volume of the study materials.

(2) Does the passed subjects have an "expiry date"? Eg. If I passed Level 1 and decided to take Level 2, say 10 years later, surely the institute will ask me to retake Level 1, no?

(3) How do I make withdrawal from EPF for the fees? I understand that EPF require certain documentation for the submission. Does such documentation be generated automatically once I register under CFA website?

(4) I live in Penang and there are 2 choices which I can attend classes on CFA: one by Ooi from MRR and another via videoconference from Noesis. For those in Penang, which one is better? MRR would provide better personal coaching but I would think a larger setup like Noesis would have better updated materials.

(5) The CFA website stated that the e-book will "void" after 5 years. Does it refer only to the on-line version or even the pdf version will not be accesible from my computer after 5 years? Wouldn't that mean it's better to buy the paperback version? Or should I just buy the e-book version, which is cheaper, and get it printed by 3rd parties.

Thanks alot fellas!
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(1) Typical question, so come with typical answer: "Don't know your background such as if you are stupid or smart, if you are a finance graduate or not, if you are working or not, if you are working in the financial related sector or not so on and so forth, so no comment."

(2) There is no "expiry date". But look, if you cannot passed the program within certain time frame, let say 3 to 5 years, why you want to take the program to begin with?

(3) No idea, last time I paid the fees through credit card.

(4) No idea since I am not from Penang.

(5) No idea, last time I was reading curriculum books, as reading e-book will make me headache rclxub.gif. Anyway, if the CFA website will void the e-book after 5 years, why not save the e-book into your own PC hmm.gif?
kinwing
post Jan 18 2012, 05:55 PM

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QUOTE(shermanyun @ Jan 18 2012, 04:48 PM)
(1) What about yourself? How much study time did you dedicate for Level 1 average per day and how many days you took for the exam? I'm a Commerce graduate, a CPA Australia and 10-years corporate finance experience. I just wish to get a gauge to balance my work-life.

(2) On "expiry" issue, what I meant is that if I decide to take the next step much later after passing the first, due to reason such as work/family/financial commitment etc, and not because I have failed after repeated takes (none to begin with). Will the institute say that since the materials get refreshed regularly, I am required to re-do level 1 if I decide to register for my level 2, say, 7 years later. Has this occur before?

(3) Do you attend classes? Or do you think these classes are "passable", ie you can manage the same without them.
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(1) I did Level I and II each in a time span of 4 months, and I spent at least 1,000 hours (exclude time for tuition class) for each level, so I spent about 8 to 8.5 hours each day in studying for Level I and II. For level III, I also took at least 1,000 hours to study (exclude time for tuition class), but it took me 10 months to complete the study, so in average I spent 2.5 to 3 hours in study each day.

(2) As far to my concern, there is no restriction imposed by the CFA Institute on how many times, how frequent or how long you could take the program.

(3) I attended tuition class for Level II and III. For my opinion, if you have time to study, self-study is more than enough. However, the most effiecient way to study is to form a study group (in my opinion anyway). Of course, to find a group of friends who are taking the same level as you will normally from the tuition class.
kinwing
post Feb 15 2012, 12:18 AM

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QUOTE(daerkelani @ Feb 14 2012, 11:05 PM)
Hi all, I would like to know, if a medical practitioner of Malaysia (who has finished his 2 year housemanship + 5 yrs degree of MBBS/MD locally) is qualified to register for the curriculum/test, and eventually become a charterholder, if he/she manages to pass the 3 levels?
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With your current professional working experience and education, yes you are eligible to register for the CFA exam.

However, your current working experience does not qualify you to become a charterdholder, as you are required to have 4-year financial related working experience in order to apply for the CFA chartered title if you pass all the 3 levels.
kinwing
post Mar 1 2012, 04:16 PM

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QUOTE(gooni3 @ Mar 1 2012, 02:03 PM)
im a kasturi student, i would say pretty good so far !

not sure bout the rest


Added on March 1, 2012, 2:04 pmwhen i researched, kasturi has the around 150 tuition hours (including exams) while sunway only has about 80-90
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I am not sure if most students can attend 150 tuition hours, as a lot of them might skip class due to their work on hand, especially if the classes are arranged at weekday after 6.30 pm.
kinwing
post Mar 29 2012, 09:39 AM

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QUOTE(princess_autumn87 @ Mar 28 2012, 09:08 PM)
hi all, sorry im newbie here and been doing research whole day. a noob question here:- can i know the entry qualification for cfa? Im currently just graduated from business & commerce degree, am i entitled?
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Check this

CFA Entrance Requirements
kinwing
post Jul 26 2012, 08:59 AM

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Passing rate for Level I and Level II is 38% and 42% respectively.

But seems quite a lot of ppl in this forum pass I and II, maybe it is just the "survivorship bias" that indicates only winners will speak up and losers weep without being noticed.

Anyway, congratulation to those who have passed the exam and keep up your work and for those who failed should not give up in the study.

This post has been edited by kinwing: Jul 26 2012, 09:01 AM
kinwing
post Oct 5 2012, 09:23 AM

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QUOTE(fino_abama @ Oct 4 2012, 07:43 PM)
But what you've learnt in CFA will definitely add value to your job. I know you'll move up the ladder fast.
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What make you to think CFA can add value and one to move up the ladder fast in a management consultant firm? I think MBA would be more relevant for a management consulting job.
kinwing
post Oct 5 2012, 09:27 AM

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QUOTE(Rambus @ Oct 4 2012, 02:28 PM)
Not that bad lah ... there are quite a number of events every year:

- AGM/dinner
- New Charterholders ceremony
- CPE courses (around 4-5 so far in 2012)
- A few social events (wine, bbq, etc.)

The last event was poolside bbq at KL Hilton.

The CPE courses are useful, esp. if you need points for SC licence.

Every year, they siphon USD325 from me (or rather, from my employer heh heh!). So they'd better give back something! If you are a member, better confirm that they have your correct e-mail address.
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Can feel the pinch of the USD325 sad.gif sweat.gif . Maybe you can ask your company to sponsor you.

Btw, I think the CPE courses with discount for CFA members are useful as what you mentioned as I need to maintain the SC licence tongue.gif .

This post has been edited by kinwing: Oct 5 2012, 02:38 PM
kinwing
post Oct 11 2012, 09:22 AM

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QUOTE(tohff7 @ Oct 10 2012, 11:15 PM)
+1 to your relative. Having a CFA to your namecard looks cool but won't carry much weight. Not the textbook knowledge, but it is the 4-year related experience that you accumulated is the more important and relevant.

Has been  doh.gif many times hearing stories of newbies (passed CFA L2/L3 examination) using  textbook materials to support their arguments or other things  doh.gif
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I even to come know my friend's friend who is a CFA Chartered and Chartered Accountant (ICAEW) with 8-year experience and he is now working as a senior manager in the equity research department of a famous overseas IB, and this fellow told me in an occasion that he does not invest any type of investments at all because he is afraid of risk...LOL laugh.gif
kinwing
post Oct 28 2012, 01:43 PM

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QUOTE(stlove @ Oct 28 2012, 10:43 AM)
No, i dont mean to follow her pathway, just inspired by her dedication of studies. I think ACCA is the trend now. haha
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Looks like you don't have your own independent thought instead of 'being inspired by my aunt' or because of 'ACCA is the trend now'. Do you know what you want at the end?
kinwing
post Oct 28 2012, 09:25 PM

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QUOTE(stlove @ Oct 28 2012, 02:00 PM)
I just want to work as consultant/advisor of anything instead of working in an office, i prefer work freedomly where i can arrange my schedule follow what i like. Studies others just to borden my knowledge or maybe can apply in the future as well.
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I see enough CONsultant in recent gold trading woes.

So what type of consultant you would like to be? 'Studies others just to borden my knowledge or maybe can apply in the future as well.' is an open ended remark that indicate you have no clear goal in your mind.

-What is 'others' to be studied?
-To broaden what type of 'knowledge'?
-How sure you can apply the unknown 'knowledge' in the future? A lot of cases that I have seen people ended with a job that is not suit of what they have studied.

So lastly why you think of studying the CFA program?
kinwing
post Nov 2 2012, 04:59 PM

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QUOTE(moc12v @ Nov 2 2012, 04:30 PM)
Thanks, just to clarify, if some jobs they posted:
Does professional qualification mean Level III? Or even just passing Level I or Level II is having a "professional qualification"?


Added on November 2, 2012, 4:31 pm

Thanks, what if Im not taking it in June 2013?
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Passing Level I or Level II does not mean you are having a "professional qualification".

If you are not going to take Level III in June 2013, then you should confine with the statement of 'Passed CFA Level II in June 2012'. Any indication of when you will pass CFA evel III or qualify to be a CFA Chartered holder is a violation to the code and conduct of the CFA Institute.
kinwing
post Nov 16 2012, 03:59 PM

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QUOTE(hotmess @ Nov 14 2012, 09:28 PM)
Same Acc & Finance grad here.
So how do you overcome statistics area though they stand smaller proportions in the exam? So did u take any tuition?
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I thought quants is one of the easiest topics in exam because this topic mostly in computation rather than theory.

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