Hi, i m new to this thread.i m in L II, epsillon...giving exam this april. n enjoying the subjects. nebody ne suggestions on how to go for case study n caselets part..??
Hi all.just referring to Tuna's example. This is what I was talking about in my previous posts. I am happy that someone raised this query for everyone's benefit. Tuna, since you are in Epsilon, you would do well to read lots of stuff from the sources I mentioned in my recent posts in this thread just a couple of days back. Out of those sources, pay particular attention to ICFAI magazines- Treasury Manager for FRM and Projects & Profits for PM. You may find an article picked up directly from these magazines for the caselets purpose. Make sure you read out at least 4 issues prior to examination month. If you look at the FRM case studies, you are very likely to find ones regarding 3 party swap transactions (a bit of a pain in the neck u see), FRAs, Rollover Credit and determining Optimal Hedging Strategies using various derivative instruments and such stuff. The best way to beat this is to solve the case study papers from the workbook and do loads n loads of past papers to give you a thorough understanding of the methodology coz if you just read the text, you won't be able to make it out easily. For PM case study, I guess that you shall have to be bloody fluent with financial forecasting coz in the case studies, they generally ask questions regarding making financial forecasts based on a set of assumptions and then deriving the entire income statement, balance sheet from it. Then they as you to work-out free cash flows (that too from different viewpoints viz FCFE, FCFF, long-term funds point of view etc) and derive WACC based on the information given. Finally based on this information derived by you they shall ask you about determining either the project's NPV or IRR or DPBP or Modified NPV, MIRR etc. Though it may sound easy, when you do it, you will find that one single mistake and the entire case study solution goes wrong. PM case study is generally very lengthy too so you gotto be fast ad you gotto be accurate too. Again reading Projects and Profits magazine and solving lots of previous papers will give you confidence and speed which will stand you in good stead in the examination. If you are based in Mumbai then I can give you many past papers but I have them in physical form only- not a soft copy. Hope I have answered your question to your satisfaction If there is any help needed then just pm me. Regards, Tumtum.
It is great to see some good discussion happening in this thread.
Well, i am finding course extremely challenging. When you glance L 1 textbooks, you feel that most of the topics you have done but there is something more to that. Effective from April 2003 examinations all papers in L 1 are objective type. Some choice options are too close and questions are smart. One is bound to do mistakes.
Another challenge is one paper in morning and one paper in afternoon. I guess doing model test papers under simulated conditions will help a lot and is must. Otherwise confusion and mess can occur on night before exam.
I am not giving up yet and am not scared even i have to repeat papers but one thing sure CFA ICFAI really really needs some serious studies to ace exams.
All the best to every one for April 2006 exams starting from 9th April, 2006. Do well 😃
Some choice options are too close and questions are smart. One is bound to do mistakes.
So you can avoid mistakes ONLY if you guys work towards CONCEPTUAL CLARITY and not think about completing the course any which ways buddies !!
I guess doing model test papers under simulated conditions will help a lot and is must. Otherwise confusion and mess can occur on night before exam.
Something I have repeatedly been telling all !!
one thing sure CFA ICFAI really really needs some serious studies to ace exams.
Thanx for realizing that Babu 😛 Jokin yaar !! But I guess all realize this and admit it the way Babu has done friends. Seems his learning curve is pretty northwards !! Good man !!
All the best to every one for April 2006 exams starting from 9th April, 2006. Do well :)
Best of luck from me too. Any doubts and difficulties, you may ask me to help and I will do it willingly.
Hi all.just referring to Tunas example. This is what I was talking about in my previous posts. I am happy that someone raised this query for everyones benefit. Tuna, since you are in Epsilon, you would do well to read lots of stuff from the sources I mentioned in my recent posts in this thread just a couple of days back. Out of those sources, pay particular attention to ICFAI magazines- Treasury Manager for FRM and Projects & Profits for PM. You may find an article picked up directly from these magazines for the caselets purpose. Make sure you read out at least 4 issues prior to examination month. If you look at the FRM case studies, you are very likely to find ones regarding 3 party swap transactions (a bit of a pain in the neck u see), FRAs, Rollover Credit and determining Optimal Hedging Strategies using various derivative instruments and such stuff. The best way to beat this is to solve the case study papers from the workbook and do loads n loads of past papers to give you a thorough understanding of the methodology coz if you just read the text, you wont be able to make it out easily. For PM case study, I guess that you shall have to be bloody fluent with financial forecasting coz in the case studies, they generally ask questions regarding making financial forecasts based on a set of assumptions and then deriving the entire income statement, balance sheet from it. Then they as you to work-out free cash flows (that too from different viewpoints viz FCFE, FCFF, long-term funds point of view etc) and derive WACC based on the information given. Finally based on this information derived by you they shall ask you about determining either the projects NPV or IRR or DPBP or Modified NPV, MIRR etc. Though it may sound easy, when you do it, you will find that one single mistake and the entire case study solution goes wrong. PM case study is generally very lengthy too so you gotto be fast ad you gotto be accurate too. Again reading Projects and Profits magazine and solving lots of previous papers will give you confidence and speed which will stand you in good stead in the examination. If you are based in Mumbai then I can give you many past papers but I have them in physical form only- not a soft copy. Hope I have answered your question to your satisfaction If there is any help needed then just pm me. Regards, Tumtum.
Can u tell me what is the average salary of a CFA(Gloabal and ICFAI)?
Salary depends upon qualification, relevant experience, personality and so many other factors. Also it depends upon city. Mumbai and delhi tend to give higher and better profiles to CFA's as compared to other smaller cities.
Hi TumTum & BaBu, g8 thread uc......guys I've made my mind to enroll for CFA to write my 1st grp in oct...however i have little confusion about the grp exams.....are they conducted every 2months(alpha,beta....)....
Hi TumTum & BaBu, g8 thread uc......guys I've made my mind to enroll for CFA to write my 1st grp in oct...however i have little confusion about the grp exams.....are they conducted every 2months(alpha,beta....)....
Welcome to CFA ICFAI thread.
Group exams are conducted every 3 months- January, April, July, October. So when you ace Alpha in October, you are all set to ace Beta in January 2007.
Hope i have resolved your query. Any other question, do ask.
Group exams are conducted every 3 months- January, April, July, October. So when you ace Alpha in October, you are all set to ace Beta in January 2007.
Hope i have resolved your query. Any other question, do ask.
Thanks for the quick reply BaBu.....its really helpful...I read through the threads and discovered that you appeared for the Continuum Sol's interview have you got through..Actually I worked 19months with that organisation amazing place to learn...
Thanks for the quick reply BaBu.....its really helpful...I read through the threads and discovered that you appeared for the Continuum Sol's interview have you got through..Actually I worked 19months with that organisation amazing place to learn...
I guess you mean Bank of america BPO...right. Actually i never went to that place for interview. May be you have read wrong or i might have made a mistake !!
hi i wan to ask a one question regarding the exams.My question is, can i write two groups exams of one level i.e first two levels and at the same time and third group of level one with first group of level 2.
I know that i can appear for two groups at the same time but i want to know that can i appear for third group of level one with first group of level two at the same time.Please let me know.
EXPERT IS A PERSON,WHO KNOWS EVERYTHING ABOUT LESS AND LESS.
hi i wan to ask a one question regarding the exams.My question is, can i write two groups exams of one level i.e first two levels and at the same time and third group of level one with first group of level 2.
I know that i can appear for two groups at the same time but i want to know that can i appear for third group of level one with first group of level two at the same time.Please let me know.
No you can not appear for 2 groups of different levels. If you manage to pass alpha and beta together, then in next examination you have to appear for gamma only. One needs to clear L 1 before moving to L 2.
It can be Alpha and Beta together or Beta and Gamma together. It can not be Alpha and Gamma together.
Mahesh and cfa_smart: I sended you PM yesterday. Did you both got it?
To All CFA ICFAI candidates:
Downloading paper from university website will cost you Rs 100 per paper. Thats a big expense when you calculate the total cost till L 3. Also you will like to download atleast 2 or 3 papers per subject to get an idea of paper pattern. There are 32 subjects to be cleared.
The only solution to this problem is sharing cost. I will download group alpha papers using my credit card for october 2005 and january 2006. That will be 8 papers in total and Rs 800.If we are 3 or 4 people then cost will reduce to Rs 266 or Rs 200.
How this will work: I will download the papers using my credit card. If we are 3 then as you know it will be Rs 266/4 students then Rs 200. HDFC bank, ICICI bank or citibank- Which ever is near to your house, you can deposit the money in my bank account.(Bank account detail i will email once it get finalises). Once i download the paper, i will send the papers and full solutions to the student email who want to share the cost. Once you get the papers, then you need to deposit the money.
Today, i am facing this problem because i am appearing for Exams this month. But all of the students who will be appearing in july/october will face similar problems. Cost sharing is the only way to reduce the copst of papers.
I will also take extra responsibility to make sure that i explain and convince future CFA students to join cost sharing initiative. So you can surely expect that amount to reduce further and reach south.
Do send me a PM with your email so that we can start the cost sharing Initiative.
Hi Babu and Tumtum, first of all wanna thank you guys. reason being i was very confused about how to proceed in my professional life. came across this thread, n now i have something worth considering.
What i want to know is the total cost of this course. if i want to pay in installments, in how many installments can i pay the fees?
also shortly i'll be sitting for the entrace test for MBE(masters of Business Economics) if get through, will it be ok and feasible if i persue both courses side by side?
i am a B.Com graduate. dropped a year for preperation of CAT. But the CAT ran away. lol. now i am in a fix. don't know what to do.
Another option that i am cosidering is MFC(Masters of financial & control. But its a correspondence course. so was wondering if i can go for CFA with that too.
Hi Babu and Tumtum, first of all wanna thank you guys. reason being i was very confused about how to proceed in my professional life. came across this thread, n now i have something worth considering.
What i want to know is the total cost of this course. if i want to pay in installments, in how many installments can i pay the fees?
also shortly i'll be sitting for the entrace test for MBE(masters of Business Economics) if get through, will it be ok and feasible if i persue both courses side by side?
i am a B.Com graduate. dropped a year for preperation of CAT. But the CAT ran away. lol. now i am in a fix. don't know what to do.
Another option that i am cosidering is MFC(Masters of financial & control. But its a correspondence course. so was wondering if i can go for CFA with that too.
waiting for the reply
bye cya :smile:
Hi sakhi,
Welcome to CFA thread. The total cost is arnd 50000. You can pay in installments. The maximum installments are 12. I will suggest you to order a copy of prospectus through ICFAI study centre located in your city. Every detail is in the prospectus to get the exact idea.
MBE from which university? Thats a billion dollar question. Is it DU?
MFC from correspondence- Can you tell me which university is that?
Overall CFA is a demanding professional qualification.Its just not one more distance learning course. The contents are lengthy and it needs time to master the course. As a general rule (just my personal opinion), as MBE will be your regular course, it will be extremely challenging for you to persue CFA.
As MFC is a correspondence, i think you can persue CFA.
It is your call to take as you know yourself better. I have a friend who is still doing L 1 after 2 years because he have a full time job and i have one more friend who finished the course in 2.5 years with a full time job in hand. So same course, same rules, same questions but 2 different personalities and 2 different results.
Your starting point which can help you to make a decision is a thorough understanding of CFA prospectus.
Hi Babu! Yaar i live in Chandigarh. And DU's admissions are over long ago. So i'll be pursuing my MBE or MFC from PU (Punjab university) Chandigarh.
Even if i go for MFC, i'll go for a job cause i don't wanna sit at home. So again 9 to 5 i'll be out of home n not studying. Job, MFC. CFA all three together will make my life hell. lol. i guess MBE with CFA will be a better option. ok tell me how much time per day is required to cover the syllabus of one group. i know it depends on person to person. still i wanna know how much time do you devote to your studies.
Hi Babu! Yaar i live in Chandigarh. And DU's admissions are over long ago. So i'll be pursuing my MBE or MFC from PU (Punjab university) Chandigarh.
Even if i go for MFC, i'll go for a job cause i don't wanna sit at home. So again 9 to 5 i'll be out of home n not studying. Job, MFC. CFA all three together will make my life hell. lol. i guess MBE with CFA will be a better option. ok tell me how much time per day is required to cover the syllabus of one group. i know it depends on person to person. still i wanna know how much time do you devote to your studies.
Bye Cya :smile:
Arnd 20 hours per week is a good target to clear a group.
hey sakhi...even um frm chd...n in da same boat..dropped a yr for CAT..my score ws abysmal...n now even um planin to tak up MBE frm PU along wit CFA..but i do hav som misgivings abt ICFAI's course..do u hav ne idea abt AIMR CFA..i went through some f da threads by babu n tumtum who r pro ICFAI n den der is crash test dummy who is completely anti ICFAI..its al so confusing...n wt al r u preparin for da MBE enterance exam...