Sunway will be starting their CFA level 1 this August as well.
Business Chartered Financial Analyst (CFA)
Business Chartered Financial Analyst (CFA)
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Jun 14 2011, 11:19 AM
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#1
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Sunway will be starting their CFA level 1 this August as well.
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Jun 28 2011, 05:20 PM
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#2
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QUOTE(fino_abama @ Jun 28 2011, 01:23 PM) Expected. It's a collaboration between Sunway TES and AB Maximus. They will need to charge higher, if not, cannot break even/profit. But do you know the figures they are charging? If I'm not mistaken, Sunway is offering RM 3.5k while KSA is offering RM 4.3k last I checked 2 years back. Assuming you did not qualify for KSA's fee reduction, Sunway is actually cheaper than KSA.Can't comment on Noesis since I don't really know their rates. |
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Jul 25 2011, 10:05 PM
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#3
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You need to be at least a final year student of a degree program to take Level 1. I recommend you to take ACCA and get yourself the OBU degree to qualify yourself for the CFA Level 1 and 2.
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Jul 27 2011, 11:13 PM
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#4
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Aug 9 2011, 12:56 PM
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#5
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QUOTE(Disciple @ Aug 9 2011, 12:16 PM) Guys, reading through the level 1 textbooks is easier? Or should I buy other textbooks for reference? Was thinking whether the textbooks provided are sufficient or not, what are your recommendations? If not, I will probably just opt for the E-book version and buy other books for study, saves me 20 bucks man, dayumn. I believe you shouldn't opt for the ebook cause' Kaplan Schewer IIRC cost a bomb unless you want to go the pirate way.Ima registering for next year's June paper, asking opinion from experienced candidates dawg. |
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Aug 9 2011, 01:46 PM
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#6
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It's just 20USD, doesn't matter much. Plus, if you opt for the e-book, I don't think you will be able to download it, it's about a few GB's worth. LOL
Plus, you'll get the book within a few days after registration. But since you are sitting for June's sitting, I don't think you can register that early for the exam. |
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Aug 9 2011, 02:03 PM
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#7
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Sep 9 2011, 08:53 AM
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#8
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QUOTE(DottyDotty @ Sep 8 2011, 11:20 PM) hi all, It's never too ambitious to do anything. I believe CFA is great for a career change as it teaches the very basic of things and then starts to go deeper as you proceed to the higher levels, i.e. Level 2 and 3 without going through the normal degree path.I'm considering to take up CFA exam in June 2012. My worry is that I'm a Marketing Degree Grad with 5 years of sales position work experience. Without any foundation in Finance, will it be too ambitious to consider CFA? Altho I'm willing to learn from scratch but does the reading material covers basic knowledge? I'm afraid that they use a lot of jargons which will make my study a lot tougher. And since you are sitting for the June 2012, there is still a lot of time for you to be studying. People usually take around 250 hours, so you should arrange your schedule in accordance to that and there shouldn't be a problem in passing at least the first level. There are jargons but most is already explained in the book while some you might have to find out about the meaning yourself, such as finance terms like securitization, etc.... |
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Oct 12 2011, 12:43 PM
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#9
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I believe ACCA Part 2 is equivalent to a final year degree. My friend asked CFA about it last time.
Equivalent or not, I don't think you will be able to manage the amount of stress studying both ACCA and CFA at the same time, especially when you are not even in your final papers of ACCA. That being said, even if you did pass Level 1, you can't take Level 2 until you have obtained your OBU. So if you decide to skip OBU but still take Level 1, then it might prove to be pointless as you will then need 4 years of experience. |
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Oct 12 2011, 03:45 PM
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#10
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QUOTE(gooni3 @ Oct 12 2011, 02:02 PM) does that mean that with an ACCA alone, it isn't considered a "degree" that is required to continue level 2 cfa and have to obtain 4 years of experience before continuing? ACCA is never a degree. It's just a qualification. You don't pay up your membership fee, *poof*, all gone, your education and everything with it.doesn't seem to make alot of sense here >< I believe ACCA Part 2 is considered a final year degree because upon completion of Part 2, you are eligible to do a thesis to obtain a BSc. Applied Accounting from Oxford Brookes University (thus the name OBU). |
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Oct 12 2011, 06:55 PM
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#11
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QUOTE(gooni3 @ Oct 12 2011, 06:15 PM) i know, so whats with that 4 years experience? Have you been reading my post earlier?if u get ur ACCA do u still need 4 years of experience before doing cfa. i don't think so right? ACCA is just a professional qualification, not a degree. This may be due to the fact that ACCA does not follow the conventional education route, ie. degree > professional qualification (especially those from CAT > ACCA route), and therefore would assume that anyone taking CFA would already have a degree in hand. Maybe if you would explain your circumstances with the CFA officials, they would understand the situation better and thus recognise ACCA as a post-degree qualification or something. That being said, from what I have noticed in the registration section of CFA Institute website, you don't need any documentation whatsoever to register yourself for Level 1. Not so sure about Level 2, but I doubt it will be much difference. Maybe they are only strict when it comes to applying membership, by that time, you would already have more than 4 years experience. |
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Oct 12 2011, 11:31 PM
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#12
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QUOTE(ben_king1991 @ Oct 12 2011, 10:26 PM) I believe it's more of bending the rules if you don't opt for OBU later on.Like I said, CFA are surprisingly not strict about registering for Level 1 (not sure about Level 2 or 3), you only need to enter your degree name and institution and there are no verifications whatsoever. Membership on the other hand should be stricter. QUOTE(fino_abama @ Oct 12 2011, 07:14 PM) What did he put for the education background etc? |
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Oct 13 2011, 02:47 PM
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#13
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QUOTE(kinwing @ Oct 13 2011, 02:38 PM) Just give you an example that when a candidate applies to become CFA Chartered, he asks 2 sponsors who are his friends to bull shit that he has enough experience but actually he is not qualified yet. So he attains his CFA Chartered by lying. If later the CFA Institute find out he was not telling the real experience, the CFA Institute cannot take action against him because it had approved his application before? I thought we believe the wrong doer will pay one day, it's just matter of time. For exam candidates, they might not be that strict but for membership I believe a solid background check should be done. Its their reputation on the line here. Is your example a real life case or a made up one? The CFA charter might not be that as prestigious as it may be if that is the case."They should have a standard way of determining it" is not adopt by the CFA Institute. Even the minimum passing score ('MPS') are flexible to be determined case by case basis in the discretion of the CFA Institute. The CFA Institute mentioned that "The size of the group, its diversity, and its reliance on independent judgments contribute to the power of standard setting results.", so do you still believe that the passing score is 70% mark? The CFA Institute further mentioned "Neither the Minimum Passing Score nor individual candidate scores have ever been released", so it is not transparent how the MPS is set and it is up to CFA Institute to take the necessary decision.. Yes, CFA does not publish the candidates precise score and the MPS, but there are procedures to follow to determine these scores, so I won't be that worry about it. This post has been edited by YH90: Oct 13 2011, 02:49 PM |
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Nov 29 2011, 06:54 PM
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#14
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QUOTE(gooni3 @ Nov 29 2011, 12:16 AM) my name is named wrongly.. will that be okay? let say example I had that as well. Corrected it in the admission ticket, but the name is still wrong in my account which I had already corrected it before registering for exams.Xxx Yyy Zzz normally this is our name, the first letter of each of our name is capital but my name they name it Xxx Yyy zzz (my final of the 3 of my name first letter is small letter - will that be ok?) QUOTE(sdram @ Nov 29 2011, 06:40 PM) New regulations are only to bring your Passport. That will be the official identification as well as the admission ticket. When was the new regulation introduced? I went for the June 2011 Level 1 sitting and I actually asked the proctor whether the passport was really a necessity. They said the IC alone is sufficient. But on the safe side, better bring your passport along.and Yes...don't mess with da proctors... What will happen if my passport expires anyway? Can I still use it as identification? |
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Dec 2 2011, 01:51 PM
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#15
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QUOTE(CLian @ Dec 2 2011, 01:43 PM) U meant malfunction? If it's just a normal RM40 scientific calculator I wouldn't mind buying another calculator just in case.What i meant is the battery has finished. Can you guarantee that the battery inside my calculator can last until I leave the exam hall? Possibility still exists. By the way, do you know where to buy it? Kinokuniya? I thought of that place as well. thanks in advance. But we're talking about a RM290+ financial calculator here. I would prefer bringing a screw driver and batteries to the exams. =/ If you are afraid it being used up in exams, just replace the battery with a new one before sitting for exams. Possibility of it dying is close to zero. I bought my calculator at MPH but I heard they don't sell it anymore. Kasturi sells them, according to some forummer in this thread. |
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Dec 2 2011, 02:05 PM
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#16
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QUOTE(sdram @ Dec 2 2011, 01:58 PM) there are people who bring in calculators x 2, screw drivers, spare batteries, but generally they don't use em. There are other approved calculators as well.... The most uber pessimistic person I have ever met.BTW, I plan to self study Lv2 but will try to attend revision classes preferably at Noesis. How effective are the revision classes? |
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Dec 2 2011, 06:49 PM
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#17
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QUOTE(aaron1kee @ Dec 2 2011, 06:39 PM) Generally what are the things allowed inside the exam hall? Anything else apart from passport, exam admission tickets, HB pencils & erasers? Make sure the eraser has no cover and don't bring in the HB pencil box, or whatever item that you can write your notes on. Happened to me.... |
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Dec 5 2011, 09:11 PM
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#18
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QUOTE(fino_abama @ Dec 5 2011, 07:44 PM) You mean he got all topics above 70% but failed ethics alone and he failed the entire Level 1? Sad case then.I got a senior who failed his ethics in Level 2 but still got through though. Maybe CFAI don't put much emphasis on ethics on Lv2 and 3's. =/ |
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Dec 6 2011, 02:41 PM
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#19
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QUOTE(gooni3 @ Dec 6 2011, 12:10 PM) i remember the formula.. but i still need calculator to input the numbers.. Those are scores, not percentiles. You should be scoring >70% for most of your topics to be on the safe side of passing. Maybe because previously it is rumored that the passing mark is 70%, but since the change in procedures in marking and etc., passing mark might no longer be that high.and to computer IRR.. without a calculator.. swt.. btw kinwing.. not scoring >70% doesn't mean fail right? I think you could score <50% and still pass.. i read somewhere that this is not the marks.. but the percentage of which group you are in.. meaning you can be in that group and still pass.. i'm not too sure |
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Jan 16 2012, 11:47 AM
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#20
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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. I believe there is no problem as long as you are a final year student at the time of sitting for the CFA exams. Maybe you can download the books online (*ahem* version) and start reading now and to see whether you really want to proceed with it. At least you wont have any commitments until after you register.P.S. I did email to CFA organization but the reply (as shown below) is somehow not so specific to my question "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. |
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