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Business Chartered Financial Analyst (CFA)

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SUSMaterazzi
post Nov 6 2011, 12:43 AM

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QUOTE(kinwing @ Oct 14 2011, 11:10 AM)
My 1st job was at an investment bank. 2nd job was IT engineering. Then only I move back to investment bank after completing level 3 tongue.gif .
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how do you get a job in IT? I heard it is very easy to get an IT job in Singapore
siew14
post Nov 7 2011, 01:52 PM

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does anyone know where to buy the ti ba plus calculator???
i checked MPH, but they dont sell the calculator liao.. =(

This post has been edited by siew14: Nov 7 2011, 01:52 PM
gooni3
post Nov 7 2011, 02:54 PM

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go to kasturi and buy it =p
siew14
post Nov 7 2011, 05:24 PM

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QUOTE(gooni3 @ Nov 7 2011, 02:54 PM)
go to kasturi and buy it =p
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u serious?? lol.. how much they charge to non katsuri student?? =S
fino_abama
post Nov 7 2011, 05:51 PM

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QUOTE(siew14 @ Nov 7 2011, 05:24 PM)
u serious?? lol.. how much they charge to non katsuri student?? =S
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Which mph did u go to? Try the one at midvalley. If nt, kinokuniya at klcc has it.

Why do you look like you're in a rush? Dec exam kah? smile.gif

This post has been edited by fino_abama: Nov 7 2011, 07:52 PM
siew14
post Nov 7 2011, 09:06 PM

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QUOTE(fino_abama @ Nov 7 2011, 05:51 PM)
Which mph did u go to? Try the one at midvalley. If nt, kinokuniya at klcc has it.

Why do you look like you're in a rush? Dec exam kah?  smile.gif
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i went to mid valley one.. but dont have... klcc huh?? hmmm.... thanks!

uh nope.. june 2012! haha.. wana start get use the calculator first... hehe.. =D
tohff7
post Nov 8 2011, 11:29 AM

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QUOTE(gooni3 @ Nov 4 2011, 05:35 PM)
IRC = intensive revision course

btw, Justin, u've just registered today i see, when u said we, do u mean u're one of the charterholders around?

It is true what you guys said about our market not really needing CFA at the moment, but I really think they should at least regard us as a prestigious group of ppl. It is really a shame that many people do not know about this qualification and also the vigorous curriculum we all go through. People with at least this qualification should at least be regarded as higher than masters and I really do not understand why IB's don't think of this qualification is comparable to some accounting or finance degree background.

IB's would give interview to people who have accounting or finance degree background when they are fresh graduates, while people who want to switch careers like us go thru hell with this curriculum and not given much opportunity? I kinda find this a bit unreasonable. Might as well do another degree in finance right or master in finance? Shorter time.

About big investment banks and hedge funds, when you said relevant experience and MBA, do you mean that they will not take freshies even for entry level jobs? Because prior to obtaining an MBA you will need a significant amount of work experience, ie. Ivy league schools will prolly have an average MBA candidates of age 29. If that is so, it is out of the question at the moment. (still got plenty of time to prepare for that)

Hope that they will at least in the near future, recognize us more when the job market becomes more competitive. Thats why getting it now is better. hahaha

Anyway, what is the CFA for then, if it is not so useful here. It is so difficult to pass and takes 4 years to complete on average? why is everyone taking it then?
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CFA is not the golden ticket to the industry. Not sure why (some) people have the mindset that CFA equates to being an analyst (or part of the requirement of being an analyst), much like ACCA/CPA equates to being an accountant. It doesn't work that way.

Passing the 3 papers just means that "Great, you can read and write financial concept." But do you really understand and are able to apply the concept practically? (Having said that, theory doesn't always works practically in real life)
kinwing
post Nov 8 2011, 12:14 PM

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QUOTE(siew14 @ Nov 7 2011, 09:06 PM)
i went to mid valley one.. but dont have...  klcc huh?? hmmm....  thanks!

uh nope.. june 2012! haha.. wana start get use the calculator first... hehe.. =D
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You are preparing to fail the coming December exam if you still don't have the prescribed calculator by now laugh.gif .
kinwing
post Nov 8 2011, 12:19 PM

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QUOTE(Materazzi @ Nov 6 2011, 12:43 AM)
how do you get a job in IT? I heard it is very easy to get an IT job in Singapore
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Because the company needed IT staffs with business sense so this was how I got the IT job and I did not work in Singapore.
kinwing
post Nov 8 2011, 12:20 PM

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QUOTE(siew14 @ Nov 7 2011, 05:24 PM)
u serious?? lol.. how much they charge to non katsuri student?? =S
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I dont think Kasturi college will sell financial calculators to outsiders, and they did not sell Kaplan books to outsiders last time.
siew14
post Nov 8 2011, 09:28 PM

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QUOTE(kinwing @ Nov 8 2011, 12:14 PM)
You are preparing to fail the coming December exam if you still don't have the prescribed calculator by now laugh.gif .
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haha.. i registered for june 2012 bro.. tongue.gif

QUOTE(kinwing @ Nov 8 2011, 12:20 PM)
I dont think Kasturi college will sell financial calculators to outsiders, and they did not sell Kaplan books to outsiders last time.
*
noted...



btw guys, does becoming a credit analyst will count towards the experience required to become a chartholder???
fino_abama
post Nov 8 2011, 10:04 PM

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QUOTE(siew14 @ Nov 8 2011, 09:28 PM)
haha.. i registered for june 2012 bro..  tongue.gif
noted...
btw guys, does becoming a credit analyst will count towards the experience required to become a chartholder???
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Choose the one that applies to your case:

1) credit analyst that analyzes fixed income securities/bonds - YES

2) credit analyst that analyzes and approves loans in retail/commercial banks - NO
kinwing
post Nov 9 2011, 10:22 AM

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Work experience required by the CFA Institute

When you apply for CFA membership, you enter your work experience descriptions as part of your application.

Your work experience determines your eligibility for membership and impacts whether you are recommended for affiliate membership or regular membership.


To be recommended for regular membership you must have completed four years (48 months) of qualifying work experience in activities that consist to a majority extent of:

Evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process involving securities or similar investments, which includes, but is not limited to, publicly traded and privately placed stocks, bonds, and mortgages and their derivatives; commodity-based derivatives and mutual funds; and other investment assets, such as real estate and commodities, if these other investment assets are held as part of a diversified, securities-oriented investment portfolio; or

Supervising, directly or indirectly, persons who practice such activities; or

Teaching such activities.

If you have not accrued 48 months of qualifying work experience, you may still apply for membership and will be considered for affiliate membership status.


Entering your work experience as part of your application:

Job titles are not sufficient; you must include specific details about your job responsibilities.

Once you submit your application, you cannot subsequently update the work experience attached to that application.

Subsequent changes to your work experience will only be considered when you withdraw your application and then reapply with the updated information. To withdraw your application: Select "Manage My Membership" from the Account Home page and then select "Begin Withdrawal."


Work experience accrual criteria:

May be accrued while you're in the CFA Program, after you've passed all three exam levels, or in previous positions.

At least 50 percent of your work experience must be: Directly involved in the investment decision-making process
Engaged in responsibilities and/or producing a work product that informs or adds value to that process

Part-time positions do not qualify.

Managing your own investments does not qualify.
siew14
post Nov 9 2011, 08:14 PM

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QUOTE(fino_abama @ Nov 8 2011, 10:04 PM)
Choose the one that applies to your case:

1) credit analyst that analyzes fixed income securities/bonds - YES

2) credit analyst that analyzes and approves loans in retail/commercial banks - NO
*
QUOTE(kinwing @ Nov 9 2011, 10:22 AM)
Work experience required by the CFA Institute

When you apply for CFA membership, you enter your work experience descriptions as part of your application.

Your work experience determines your eligibility for membership and impacts whether you are recommended for affiliate membership or regular membership.
To be recommended for regular membership you must have completed four years (48 months) of qualifying work experience in activities that consist to a majority extent of:

Evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process involving securities or similar investments, which includes, but is not limited to, publicly traded and privately placed stocks, bonds, and mortgages and their derivatives; commodity-based derivatives and mutual funds; and other investment assets, such as real estate and commodities, if these other investment assets are held as part of a diversified, securities-oriented investment portfolio; or

Supervising, directly or indirectly, persons who practice such activities; or

Teaching such activities. 

If you have not accrued 48 months of qualifying work experience, you may still apply for membership and will be considered for affiliate membership status.
Entering your work experience as part of your application:

Job titles are not sufficient; you must include specific details about your job responsibilities.

Once you submit your application, you cannot subsequently update the work experience attached to that application.

Subsequent changes to your work experience will only be considered when you withdraw your application and then reapply with the updated information. To withdraw your application: Select "Manage My Membership" from the Account Home page and then select "Begin Withdrawal."
Work experience accrual criteria:

May be accrued while you're in the CFA Program, after you've passed all three exam levels, or in previous positions.

At least 50 percent of your work experience must be: Directly involved in the investment decision-making process
Engaged in responsibilities and/or producing a work product that informs or adds value to that process

Part-time positions do not qualify.

Managing your own investments does not qualify.
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noted... thanks heaps....


Added on November 9, 2011, 8:24 pmoh and i called the Statworks, TI distributor in malaysia.... we can buy from them... i ma go buy on fri.. icon_idea.gif


This post has been edited by siew14: Nov 9 2011, 08:24 PM
cristiano7mu
post Nov 14 2011, 09:55 PM

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QUOTE(siew14 @ Nov 7 2011, 05:24 PM)
u serious?? lol.. how much they charge to non katsuri student?? =S
*
just bought mine from kasturi RM150. not sure for non student how much


Added on November 14, 2011, 9:56 pmstill looking for schweser 2012.
Anyone have it?

This post has been edited by cristiano7mu: Nov 14 2011, 09:56 PM
fino_abama
post Nov 14 2011, 11:24 PM

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QUOTE(cristiano7mu @ Nov 14 2011, 09:55 PM)
just bought mine from kasturi RM150. not sure for non student how much


Added on November 14, 2011, 9:56 pmstill looking for schweser 2012.
Anyone have it?
*
Kasturi dont have schweser's study notes?
cristiano7mu
post Nov 15 2011, 11:18 PM

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QUOTE(fino_abama @ Nov 14 2011, 11:24 PM)
Kasturi dont have schweser's study notes?
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I heard from the tutor there is but need to pay for it. Not sure how much.
siew14
post Nov 22 2011, 03:25 PM

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how is everyone doing??? i just finish book 1... exam on jun... xD
abit slow liao....


Knight_2008
post Nov 22 2011, 05:26 PM

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guys, is level 2 tough? how many hours did you all put in?

This post has been edited by Knight_2008: Nov 22 2011, 05:26 PM
fino_abama
post Nov 22 2011, 09:26 PM

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QUOTE(Knight_2008 @ Nov 22 2011, 05:26 PM)
guys, is level 2 tough? how many hours did you all put in?
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It's definitely tougher. You'll need to put in much more time compared to your Level 1.

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