QUOTE(singularity @ Oct 31 2006, 09:11 PM)
hi
I used to do be very interested in getting a CFA later on, so did a mini research in it. Hopefully my memory din fail me.
CFA is just another professional cert like ACCA, CPA etc. but difference is that CFA is specific to financial personnels and ACCA to accountants. Thing is, you don't really necessarily hav a degree in finance or some other biz related degree to take it. Pre-req is to hav at least 3 years exp in the financial field. It's usually a passport 4 ppl 2 the higher management of a company and it's not that easy to pass with passing rate less than 30% per year (not sure of the exact figure but one thing is certain, passing rate is low).
The way to obtain CFA is a bit similar 2 ACCA in the sense that you've got 2 pass paper 1 before you go on to take paper 2. There're 3 papers you'll need 2 pass before you can get the cert. If you fail, then you retake next year. If you didn't fail any of these paper, then you'll complete everythin in 3 years time. There's still one step away from puttin the CFA designation in your name card. My fren's bro passed his CFA but he still can't use his designation because of something but I can't remember. Oh ya, and accounting forms the 'meat' of the CFA curriculum (that's wat a Singapore university lecturer told me bout CFA. He's from Nanyang Technological University)
Btw,
CFA isn't the only way. You can take an
MBA specialisin finance or take up a post grad in quantitative finance. Quantitative finance is a very computational subject, so ur math gotta be good la. From wat i research, seemed like quite a lot will go into hedge funds after that. But then again, it highly depends on yourself. For more info, you can google it or search in wikipedia.
Hope this helps. Cheers!
thanx for sharing..

great info..
Im currently doing my ACCA n found that im interested n good at finance area.. Thats y im considering of CFA after my ACCA... Will it be much different between MBA specializing in finance (or instead, Master of Finance) n CFA..?? Which will be more preferred..?? Dont talk on their difficulties, the most important is, which (MBA v CFA) will have better future prospect..??
QUOTE(D4rk Kn|6ht © @ Oct 31 2006, 09:18 PM)
Nice details.
No experience required as I am a Uni student and I am taking paper 1 now.
Passing rate for Paper 1 is not that low, but I am not sure about the following papers.
If I am not wrong there are 5 papers, not 3.
Hi, mind to let us know where are u taking ur CFA.?? AFAIK, most of the CFA courses are part-time, am i correct.??
QUOTE(singularity @ Oct 31 2006, 09:25 PM)
yeah... it's either you've got a
4-year bachelor or 4 years of relevant working exp. and there's 3 levels of study in the CFA prog, used the wrong word. sorry.

Err, ACCA is 3years.. N my bachelor (collaboration with ACCA from OBU) is 2years..