Last visit was: 19 Nov 2025, 20:37 It is currently 19 Nov 2025, 20:37
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
User avatar
ryguy904
User avatar
Current Student
Joined: 27 Jul 2007
Last visit: 10 Sep 2013
Posts: 859
Own Kudos:
216
Given Kudos: 4
Location: Sunny So Cal
Concentration: Investment Management
Schools:CBS, Cornell, Duke, Ross, Darden
Posts: 859
Kudos: 216
GMATClub's Unofficial Chartered Financial Analyst thread 05 Jun 2009, 08:34
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Good luck to everyone taking the exam tomorrow. IHTG, that includes you! :-D

:gl:
avatar
pguard
avatar
Current Student
Joined: 09 Apr 2008
Last visit: 23 Mar 2022
Posts: 197
Own Kudos:
18
Given Kudos: 2
Concentration: Finance, Ibanking
Schools:Chicago Booth '11
Posts: 197
Kudos: 18
GMATClub's Unofficial Chartered Financial Analyst thread 05 Jun 2009, 13:36
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Good luck everyone.

If you're reading this and you're taking the exam tomorrow....get back to the books.
User avatar
Praetorian
User avatar
Joined: 15 Aug 2003
Last visit: 27 Dec 2017
Posts: 2,868
Own Kudos:
1,705
Given Kudos: 781
Posts: 2,868
Kudos: 1,705
GMATClub's Unofficial Chartered Financial Analyst thread 05 Jun 2009, 15:25
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Do you guys want to move this topic to the MS Finance forum?
User avatar
MJ2009
User avatar
Current Student
Joined: 13 May 2008
Last visit: 26 Aug 2012
Posts: 135
Own Kudos:
28
Given Kudos: 6
Schools:LBS
Posts: 135
Kudos: 28
GMATClub's Unofficial Chartered Financial Analyst thread 06 Jun 2009, 09:03
Kudos
Add Kudos
Bookmarks
Bookmark this Post
done with the exam here in middle east! wooohhhh ... 6 hours is a long time!! discussing the paper is the not permitted under the standards, right? :lol: I guess we can at least say if it was good or bad... can we?
avatar
photoguy
avatar
Joined: 26 May 2009
Last visit: 31 Aug 2009
Posts: 9
Own Kudos:
1
Location: Chicago
Concentration: Investment Management
Schools:Booth, Wharton, Columbia, Kelley
Posts: 9
Kudos: 1
GMATClub's Unofficial Chartered Financial Analyst thread 09 Jun 2009, 04:33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
lumone
Hello,

I am more and more considering IM :).
Next step: where to apply for MBAs?

I have therefore done some research on the M7 B-schools' placement stats (2005, 2006 or 2007):
IM -Columbia 12%
IM- Wharton 11.9%
IM - Harvard 7%
IM / Hedge funds : Stanford 17%
IM / Research Chicago: 10.7%
IM - Kellogg : 4%
IM – MIT : 8.4%

Might do the same for Elite schools later.


EDIT: found the IM only Stanford stat: 10%
Show more


I have noticed that it seems like only the ultra-elite are detailed in their description of where they send students. Many other schools just have a bucket called "finance" that they dump everyone in to. Not very helpful, I'm afraid...

I'm curious if anyone has any good links to lists of investment management firms, descriptions of the industry, etc. I'm waiting for the Vault guide to arrive from Amazon, and I've noticed it's very difficult to find much on the internet with respect to this field. Any helpful links? I know this is a bit off topic, but seems relevant for those considering a CFA and going the IM route.
avatar
l2djae
avatar
Joined: 10 Jun 2009
Last visit: 15 Jul 2011
Posts: 1
Posts: 1
Kudos: 0
GMATClub's Unofficial Chartered Financial Analyst thread 10 Jun 2009, 09:02
Kudos
Add Kudos
Bookmarks
Bookmark this Post
photoguy
lumone
Hello,

I am more and more considering IM :).
Next step: where to apply for MBAs?

I have therefore done some research on the M7 B-schools' placement stats (2005, 2006 or 2007):
IM -Columbia 12%
IM- Wharton 11.9%
IM - Harvard 7%
IM / Hedge funds : Stanford 17%
IM / Research Chicago: 10.7%
IM - Kellogg : 4%
IM – MIT : 8.4%

Might do the same for Elite schools later.

EDIT: found the IM only Stanford stat: 10%


I have noticed that it seems like only the ultra-elite are detailed in their description of where they send students. Many other schools just have a bucket called "finance" that they dump everyone in to. Not very helpful, I'm afraid...

I'm curious if anyone has any good links to lists of investment management firms, descriptions of the industry, etc. I'm waiting for the Vault guide to arrive from Amazon, and I've noticed it's very difficult to find much on the internet with respect to this field. Any helpful links? I know this is a bit off topic, but seems relevant for those considering a CFA and going the IM route.
Show more

I would be very interested to learn about this as well. I just took my level 3 exam last Saturday. Now, I'm just starting out my research for b-schools and would like to know which schools offer the best career track in IM. Any help or insight on this would be much appreciated. Thanks!
avatar
supershick
avatar
Joined: 06 Aug 2008
Last visit: 18 Jul 2011
Posts: 7
Posts: 7
Kudos: 0
GMATClub's Unofficial Chartered Financial Analyst thread 17 Jun 2009, 10:57
Kudos
Add Kudos
Bookmarks
Bookmark this Post
you know, it just saddens me that I can't really use this CFA path as part of my application. I mean, for me, I spent 6 months studying from Jan 2008-Jun 2008 for Level 1, then after the test, immediately switched gears to GMATs which for some reason I can't do well on. Then after GMATs, realized I need to postpone my b-school apps and switched gears to CFA level 2 from Jan 2009 - Jun 2009.

In retrospect, I've wasted a year studying for this test, with almost no hope of passing level 2 this year because it was so GAWD DAMN hard (f u CFAI, the test was unfair). But the flipside of it is, I have nothing to show for on my apps. I'm an engineer by day and I come straight home to study as my background isn't finance. Now that I look back, if I could choose to help the community, do some extra-curricular to strengthen my app, or even do ANYTHING that I can talk about in my apps, I think I would have done it.

Sometimes I wonder if it's the wrong path to take by pursuing the charter. It just sucks that pouring your blood, sweat, tears, means nothing to ad com because they'll probably just say, "What's this CFA? Certified Financial Analyst?" *sigh*

I mean how impossible is it to juggle studying for the CFA exam + doing other things to enhance your app. For me, it's near impossible as I'm not that talented I guess. Kudos to you "supermen" that can do it =P

If I'm planning to apply to b-school for 2010 matriculation, does it seem "forced" if i go look for community service, extra-currics and put that on the app?

End Rant.
avatar
topher
avatar
Joined: 25 Mar 2009
Last visit: 11 Jul 2012
Posts: 226
Own Kudos:
950
Given Kudos: 6
Posts: 226
Kudos: 950
GMATClub's Unofficial Chartered Financial Analyst thread 25 Jun 2009, 10:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I am currently waiting on the June 2009 L2 results. I feel pretty good about it, but we'll see come D-Day on Aug 18.

I generally agree with supershick that CFA isn't really helpful for switching careers and I would argue it isn't even that helpful in terms of knowledge gained. I will definitely complete the program, but the ineffectiveness of CFA in helping me obtain a new profession has spurred me to go the B-school route.

5+ years from now, the CFA may end up helping you beat out another candidate for a job who only has MBA. So who knows. I am 25 years old right now and most of my friends who got good finance jobs got them straight out of the undergrad recruiting process. Hopefully b-school will help me do the same, but there are no guarantees with the economy struggling for the foreseeable future.
avatar
cabro57
avatar
Joined: 25 Apr 2005
Last visit: 14 Jun 2016
Posts: 195
Own Kudos:
52
Given Kudos: 2
Posts: 195
Kudos: 52
GMATClub's Unofficial Chartered Financial Analyst thread 26 Jun 2009, 06:31
Kudos
Add Kudos
Bookmarks
Bookmark this Post
topher
I am currently waiting on the June 2009 L2 results. I feel pretty good about it, but we'll see come D-Day on Aug 18.

I generally agree with supershick that CFA isn't really helpful for switching careers and I would argue it isn't even that helpful in terms of knowledge gained. I will definitely complete the program, but the ineffectiveness of CFA in helping me obtain a new profession has spurred me to go the B-school route.

5+ years from now, the CFA may end up helping you beat out another candidate for a job who only has MBA. So who knows. I am 25 years old right now and most of my friends who got good finance jobs got them straight out of the undergrad recruiting process. Hopefully b-school will help me do the same, but there are no guarantees with the economy struggling for the foreseeable future.
Show more

^ All true.

Here's the only bit of (maybe) useful info I have -- all I know is from friends and colleagues at accounting firms -- about the CFA designation: it's definitely not useless but it shouldn't be the primary thing on your resume. From what I heard it's especially useful for internal promotions/transfers within an organization (e.g. to be transferred from the auditing to the more glamorous M&A dept in an accounting firm), where CFA will be a plus, but if it's the only thing on your business card then it probably won't help you get the job.

A while ago, I think the CFA was a good signaling device to show your boss and other employers that you were able to do quant-oriented stuff beyond what regular Finance majors (or MBA with Finance electives) do. Now, the more quant-heavy MS Finance, such as the MSCF at Carnegie Mellon a probably a bunch of others that still have the MS Finance name, have taken that signaling role, maybe because they're tougher or more advanced (or both).
User avatar
djhouse81
User avatar
Current Student
Joined: 30 May 2007
Last visit: 13 Aug 2009
Posts: 485
Own Kudos:
72
Posts: 485
Kudos: 72
GMATClub's Unofficial Chartered Financial Analyst thread 28 Jul 2009, 07:37
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Anybody take the Level I in June? Just got my results...PASS!!! Swept all sections. I'm pumped!

For those who ask why go for the CFA charter if I am getting my MBA? There's a lot of reasons, but a general one is...why not? You will learn the entire candidate body of knowledge in your first year, so it is just one of many opportunities to apply what you have learned.

The CFA charter is just another factor that separates you from the competition. Will it definitiely land you an internship or full-time job? No. But, it is a convincing argument that you are interested in finance and you want to be in a financial career. Employers at financial institutions look hard to make sure you really want to be in finance for the right reasons.
User avatar
bsd_lover
User avatar
Joined: 17 May 2007
Last visit: 15 Mar 2020
Posts: 2,432
Own Kudos:
1,735
Given Kudos: 210
Posts: 2,432
Kudos: 1,735
GMATClub's Unofficial Chartered Financial Analyst thread 29 Jul 2009, 06:13
Kudos
Add Kudos
Bookmarks
Bookmark this Post
:beer Many congrats mate ... Certainly a convincing argument to get the CFA.


djhouse81
Anybody take the Level I in June? Just got my results...PASS!!! Swept all sections. I'm pumped!

For those who ask why go for the CFA charter if I am getting my MBA? There's a lot of reasons, but a general one is...why not? You will learn the entire candidate body of knowledge in your first year, so it is just one of many opportunities to apply what you have learned.

The CFA charter is just another factor that separates you from the competition. Will it definitiely land you an internship or full-time job? No. But, it is a convincing argument that you are interested in finance and you want to be in a financial career. Employers at financial institutions look hard to make sure you really want to be in finance for the right reasons.
Show more
avatar
hhh
avatar
Joined: 06 Jul 2009
Last visit: 04 Nov 2010
Posts: 27
Own Kudos:
3
Given Kudos: 1
Posts: 27
Kudos: 3
GMATClub's Unofficial Chartered Financial Analyst thread 31 Jul 2009, 15:52
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Anyone else on pins and needles? I can't wait for August 18th to come.
Was able to put it out of my mind so far, but with level 1 results out it's back.

BSD - is the CFA charter looked favorably at all in Aus?
avatar
hhh
avatar
Joined: 06 Jul 2009
Last visit: 04 Nov 2010
Posts: 27
Own Kudos:
3
Given Kudos: 1
Posts: 27
Kudos: 3
GMATClub's Unofficial Chartered Financial Analyst thread 17 Aug 2009, 14:34
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Good luck to everyone expecting results tomorrow.
I hope you all blow it out of the water.
User avatar
Moss
User avatar
Joined: 21 Dec 2008
Last visit: 23 Apr 2023
Posts: 370
Own Kudos:
143
Given Kudos: 64
Affiliations: CFA
Location: United States (NY)
Schools: Columbia - Class of 2013
GMAT 1: 710 Q45 V43
GMAT 2: 760 Q49 V45
Schools: Columbia - Class of 2013
GMAT 2: 760 Q49 V45
Posts: 370
Kudos: 143
GMATClub's Unofficial Chartered Financial Analyst thread 02 Sep 2009, 11:21
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Passed LII! Just think, a year from now and I will be tasting sweet freedom (aka filling out apps).
avatar
wiseguyMBA
avatar
Joined: 23 Sep 2009
Last visit: 14 Mar 2016
Posts: 198
Own Kudos:
7
Given Kudos: 2
Posts: 198
Kudos: 7
GMATClub's Unofficial Chartered Financial Analyst thread 14 Oct 2009, 13:12
Kudos
Add Kudos
Bookmarks
Bookmark this Post
ryguy904
kidderek
I was wondering if you could provide any tips in terms of study schedule, prep materials, tips etc.

Thanks in advance.

I'm a CFA Charterholder and co-director of a mentor program for CFA Level I Candidates in SoCal. I'd be happy to talk offline. If you pm me, we can set up a time to chat.


Nevertheless, here are some general comments:


1) Ethics - read the book (not Schweser, although the problems are good). Read it once at the beginning of your study and once a week before the exam.

2) Practice Questions - do as many as time will allow. At the very least, after finishing a reading, do the questions in Schweser. While I find these aren't always as tough as the CFA Reading questions, you have to assure yourself some level of material comprehension before you move to the next section. If you aren't getting any questions right without referencing the book, don't move on.

3) Practice Tests - there are 3 full length tests in the Schweser book. Take at least one of these during a timed simulation. That means six full hours, with a 1-2 hour break in between morning and afternoon sessions. Ideally you would take the test on a Saturday (two to three weeks prior to the real exam) and go over the answers on Sunday. Also, at the very least, answer all of the questions in the other 2 sample exams. Doesn't necessarily have to be timed, but do the questions. You'll also have to take the Boston Society Mock Exam. This is VERY VERY VERY important. Take it under simulated test circumstances. It will show you your weak areas and is the BEST gauge of your progress to date.

4) Schweser Pro - very useful. Provides high level outlines of the study sessions. You can also do as many questions at a time as you like. You can also choose which sections you would like to get questions from, as well as the difficulty level. I spent a good amount of time on this a couple of weeks prior to the exam. Also good If you are having trouble in an area, this is a good way to get a bunch of questions thrown at you to make sure you fully understand the material.

5) Review - when you take the exam, you'll be thinking, "I wish I had just a little more time to study." That's always the case, whether you are studying for 3 months or 6 months. You have to give up the last 2 weeks minimum for review. 3 is ideal. This doesn't mean all you do is test questions for 2-3 weeks. But it means that you are not "learning" the material or seeing it for the first time.

6) Ethics - don't underestimate this. The material is easy to understand, but not a slam dunk on the test. It was killer at all three levels, and I have probably read the book 6-7 times in total by now

7) Study Schedule - It varies from person to person, primarily because of education background and work experience. I can talk more to your spefically to your case offline if you like. In general, I'd say CFA Institutes provides a rule of thumb of ~250 hours. For people without finance/accounting backgrounds or without MBA's, I'd say add another 50+ hours to that. Overall, I'd recommend ~4.5 months of studying and three weeks of review. That means if you are taking the test in December, you should begin studying in July and review for ~3 weeks in Novemeber. You need to be disciplined and keep up with the study schedule. You should be studying about 10-15 hours a week. In my opinion, it's kind of like working out. If you miss a couple days it makes it harder to get back in the routine. Once you get going, though, it's pretty easy to keep up with a constant schedule.

Bottom Line: Stick to a regimented study schedule. Practice, practice, and then practice some more. Although ethics is 15% of the exam it's not a gimmee. That being said, make the most of it. There are 240 questions. You'll need as many as you can get.

Cheers-
RG
Show more

Very good post, RG. Thank you.
I have a technology background, and been an engineer for 5 years now.
Considering the state of the financial services industry, I'm thinking a career switch into IM from my background is gonna be a longshot. So will the CFA help, along with an MBA, or is it not necessary? What are your thoughts? And have you seen anyone in your firm or in your circle do this career switch?
thank you.

WG
User avatar
britguy
User avatar
Joined: 07 Nov 2009
Last visit: 24 May 2010
Posts: 160
Own Kudos:
30
Given Kudos: 6
Location: Milan, Italy
Concentration: Finance
Schools:Booth (admitted R1), NYU (interview Mar 4), UT (withdrawn), Rice (admitted R2) plus dings at HBS, Stanford, Wharton and CBS
GPA: 3.4
WE 1: Oil and gas
Posts: 160
Kudos: 30
GMATClub's Unofficial Chartered Financial Analyst thread 15 Mar 2010, 07:27
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Just bumping this in case anyone else out there is currently studying for the CFA?

I'm hoping to get L1 out of the way this June before B-school starts.
User avatar
Moss
User avatar
Joined: 21 Dec 2008
Last visit: 23 Apr 2023
Posts: 370
Own Kudos:
143
Given Kudos: 64
Affiliations: CFA
Location: United States (NY)
Schools: Columbia - Class of 2013
GMAT 1: 710 Q45 V43
GMAT 2: 760 Q49 V45
Schools: Columbia - Class of 2013
GMAT 2: 760 Q49 V45
Posts: 370
Kudos: 143
GMATClub's Unofficial Chartered Financial Analyst thread 15 Mar 2010, 07:34
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Yes -- plowing my way through LIII. https://www.analystforum.com/ is a great resource for CFA discussion/help/lockerroom antics.

If you have any kind of finance background (undergrad/professional exp), I think LI will be a breeze -- as long as you simply put a decent amount of time in. GL!
User avatar
britguy
User avatar
Joined: 07 Nov 2009
Last visit: 24 May 2010
Posts: 160
Own Kudos:
30
Given Kudos: 6
Location: Milan, Italy
Concentration: Finance
Schools:Booth (admitted R1), NYU (interview Mar 4), UT (withdrawn), Rice (admitted R2) plus dings at HBS, Stanford, Wharton and CBS
GPA: 3.4
WE 1: Oil and gas
Posts: 160
Kudos: 30
GMATClub's Unofficial Chartered Financial Analyst thread 15 Mar 2010, 08:11
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Thanks for the intended kind words but actually I have no finance exp in any shape or form! Still ploughing through it anyway. Good news is I'm on track to finish with a whole month for Qbank and practice tests. Good luck with L3!
User avatar
rsound
User avatar
Joined: 02 Apr 2010
Last visit: 16 Jun 2010
Posts: 25
Own Kudos:
6
Given Kudos: 2
Concentration: finance
GPA: 3.73
Posts: 25
Kudos: 6
GMATClub's Unofficial Chartered Financial Analyst thread 30 Apr 2010, 11:15
Kudos
Add Kudos
Bookmarks
Bookmark this Post
first of all, thank you guys for all these posts, it's really helpful! I was wondering if i should pass the CFA, and I understood that the CFA is more a way to differentiate your profile from the crowd than a proof of your intellectual capabilities. So after reading it, i doubt that it could be a big + for me.

I would like your opinion.

My profile:
French, 28 years old

Education:
BS of management (paris), Ms in finance (Paris), MBA starting the coming fall (USA)

Career:
7 years of WE: 3 years in marketing (France), 2 years entrepreneurship (France and Portugal), then 2 years in finance - trader - (France and Australia)
little explanation: in France, you can study for your BS while working 50% of the time (you don't have as much vacation as the other french people though; 7 weeks 8-) ).

Do you think i would make sense for me to invest so much time in a CFA? I am kind of scared that the recruiters could see in me a degree hunter more than someone career oriented... :|
avatar
lrogers85
avatar
Joined: 31 Jul 2010
Last visit: 17 Apr 2012
Posts: 5
Posts: 5
Kudos: 0
GMATClub's Unofficial Chartered Financial Analyst thread 03 Oct 2010, 11:40
Kudos
Add Kudos
Bookmarks
Bookmark this Post
in for this thread
   1   2   3   4   5   6   7   8   9