GMATCFAAspirant
I have passed a CFA level 1 in June 2011, and am in dilemma to take CFA level-2 or give GMAT this year
Which helps better in MBA admissions?? - to do GMAT with CFA level 1 or to pass CFA level 2 and then give GMAT???
Ppl kindly provide your inputs on this.
You could do both. Obviously you need to at least take the GMAT, but its definitely possible to take the GMAT and a CFA test in the same year. I took the GMAT twice and CFA LIII successfully in the same year, and managed to get my R1 apps out with an admit. Its doable, you just gotta bust your butt hard.
These binary decisions of CFA LII vs. higher GMAT are silly. Figure out what your limitations are and if you can do both without failing, then go for it. Obviously if you can only do one successfully, the GMAT is clearly more important to getting into business school.
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As a side note to anyone reading this considering the CFA program, I'm doing banking recruiting and have found an unexpectedly high number of people in the field have their CFA -- probably like 20-30% of the people I spoke with, which is higher than my expectation of <5%. Those that don't have it are generally aware of the designation and have respect for its rigorousness. I haven't had problems convincing people that I'll be able to handle the technical nature of the job thanks in large part to my CFA progress.