I am thinking of doing the CFA (Chartered Financial Analysts) offered by AIMR.
Does any one here have a CFA or know about it?
Did you pass all 3 exams first time or did you repeat some papers?
What was the number of years you took to complete the cfa?
If so how did you study for it? Did you use notes?
If you did notes, which ones did you use (ie schweser, stalla, all resources etc)and what strategy did you employ ( ie answering 5000 questions on the test bank, regular studying, listening to tapes or watching dvds)?
Does any one here have a CFA or know about it? No I don't have but I am currently studying for Level 1. Jason Braswell has passed level 1 and is studying for level 2.
Does any one here have a CFA or know about it? Yes I know about it. If you want to be in the finance business it is the designation that is most sought after by employers. Money managers, brokers, analysts etc.
Did you pass all 3 exams first time or did you repeat some papers? Will let you know in August
What was the number of years you took to complete the cfa? Will let you know.
If so how did you study for it? Did you use notes? I am using the Schweser notes and I will purchase the sample exams and probably one of the test questions this month also. I study about 4 days a week right now and that will increase as we get closer to test tiem.
How has the CFA benefitted you work wise? I think it will benefit you salary wise and it will open more doors if you want to be in the finance business. Good luck.
I majored in finance. I have never taken the CFA however I do know that it is equivalent if not harder than a Masters level undertaking. The current world pass rate for Level 1 is standing at 34% of the total testing population inclusive of repeat test takers. The highest pass rates by country do come from the US though.
I bought the new 2005 notes straight from Schweser. no I am not a member os analystnotes.com but I will check it out today. I would say the exams would encompass your entire finance degree if you had taken every finance class tehy offer plus accounting, econ, etc. It is very comprehensive.
"Did you get the most current schweser notes for 2005? Was it over ebay?"
Personally, I say spring for the notes just one year back on eBay. They're not that expensive, especially when you consider how much money and time it takes to retake a test.
Dock pretty much answered your questions. It is hard because there is a lot of material, especially if you don't have an accounting background. The designation will absolutely make your more desirable to certain employers, especially in any kind of portfolio management. Just search for "CFA" on monster to see what kind of positions can benefit from it.