If you’re interested in the CFA designation you're probably in one of a few different groups.
- You've heard of the exam and you're interested in learning more.
- You've researched the exam and you're undecided about taking it.
If you've heard of the exam and you're interested in learning more:
What kind of benefit will the CFA charter provide me? Monetary, upward mobility, increased knowledge?
- View a compensation survey of CFA charterholder statistics: http://www.cfainstitute.org/aboutus/press/release/05releases/20050506_01.html
Does taking the CFA exam make sense given my current career position?
- Is it favorable for a 50 year old CFO working 70 hour weeks at a major corporation to pursue the CFA designation? Probably not. Will taking the CFA be helpful to a college graduate who is two years out of school and wants to make the jump from marketing to an equity analysis position? Most likely.
Am I prepared to study between 10-20 hours per week for four to five months?
- If you cannot study for at least 10 hours per week for four months you have a low chance of passing the exam.
Do I have the will power to study this much? How will this commitment affect my life?
- The time you put into the exam will greatly take away time with friends and family.
Common reasons for pursuing the CFA designation:
- Interest in exam content
- Desire to increase knowledge
- Improve compensation
- Augment upward and lateral career mobility
- Signal competence to current and potential employers
- Career change to finance
- Career change within finance
- Prepare for the analytical side of an MBA program
- Facilitate admission to a high caliber MBA program
1 koment:
Great post, Thanks. Do u recommend one of those Test prep schools?
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