@yogesh_jainy
I am pursuing CIIA from ICFAI .
Altough on a standalone basis it is a good course but I do feel if you are pursuing CFA,US than you don't need CIIA .
moreover CIIA is not a very recognised course .
I feel I have made a mistake by enrolling for CIIA but don't want you to do the same .
hI all
I did hear some rumblings long time ago about some shady agent offering DVDs of schweser videos for some ridiculous price (like 3000 and all) but i didnt pay much attention to it. So no idea.
Well i have purchased those videos from that person in the month of Jan.
Around 50 hrs of lectures.... Quite helpful to me...
Cheers!!!
Hii ...
Can someone pls lemme know where in Delhi can i get :
a) a financial calculator ,
b) Schewzer notes , and
c) CFA institute's notes ..
also the approx price for thm???
regards
kshitijain
Hey! all I have a question
I stay in the US and have done my BBA through distance education from India. Iam currently pursuing my MBA in finance through distance education from India.
Iam intresred in giving my CFA level 1 exam in a year in 2008 that is and the requirements mentioned in the web site to qualify to write the exam are mentioned as 4 years of U.S bachelors degree or equivalent degree, professional work experience of 4 years or combination of college & work exp of 4 years.
My problem is that the BBA course i have done is of 3 years and currently im in my MBA first year ( both are Indian degrees) . So am I qualified to write the exam? and do they consider distance education or is it necessary to attend a college?
Any helpful info provided will be appreciated.
Thanks,
Tennisgal :thumbsup:.
Hey! all I have a question
I stay in the US and have done my BBA through distance education from India. Iam currently pursuing my MBA in finance through distance education from India.
Iam intresred in giving my CFA level 1 exam in a year in 2008 that is and the requirements mentioned in the web site to qualify to write the exam are mentioned as 4 years of U.S bachelors degree or equivalent degree, professional work experience of 4 years or combination of college & work exp of 4 years.
My problem is that the BBA course i have done is of 3 years and currently im in my MBA first year ( both are Indian degrees) . So am I qualified to write the exam? and do they consider distance education or is it necessary to attend a college?
Any helpful info provided will be appreciated.
Thanks,
Tennisgal :thumbsup:.
Write an e mail to the CFA institute with details about your education background ,since the requirement is for 4 years of formal education they may allow you to take the exam.
A friend of mine pursuing a 5 year program (B.Tech+M.Tech) was allowed to take the CFA L1 after his fourth year since he had completed 4 years of formal education .
They are pretty flexible about this stuff and very prompt in replying,also since you stay in the US you can call up their helpline and confirm,for people in the US it is a toll free number.
The videos on the site are from some company called "Allen Resources". I found the quant video pretty good, so it doesnt matter what company it is from as long as i understand the concept. (maybe i found it good coz i already knew the topic being taught). The instructor is a finance prof from Duke University...which is great. I've downloaded the video on derivatives and alternate investments today (clicked on "download" last night, slept, and came to work today...hopefully the 450 MB download must be done by now). Will let you know how good the remaining videos are.
I did hear some rumblings long time ago about some shady agent offering DVDs of schweser videos for some ridiculous price (like 3000 and all) but i didnt pay much attention to it. So no idea.
Thanks for the reply.
Dunno whether just me faced the problem, when I saw the quant video and then went back to the Shwezer found a little discrepancy in the approach with which the topic was explained. So am a little skeptical of studying it through those videos.
I just saw one of the videos for Quant. Havent seen the rest.
Thanks for the reply.
Dunno whether just me faced the problem, when I saw the quant video and then went back to the Shwezer found a little discrepancy in the approach with which the topic was explained. So am a little skeptical of studying it through those videos.
I just saw one of the videos for Quant. Havent seen the rest.
Which quant video you referring to? I havent gone thru all quant videos, neither have i gone thru all the schweser's material, so im not sure. Can you point out the specific discrepancy so that i can check it up? The video i watched was that bald guy from Duke talking about introductory concepts like time value of money and distributions etc.
Agree with you on the approach. One should not rely on the videos as the primary source of preparation. Its better to study the stuff from the books and come back to the videos for clarification and/or revision. Im not saying this coz i noticed a discrepancy, but coz i wasnt so comfortable listening to brand new concepts directly in audio...i like to see it in writing where i can read and re-read at my own pace. So im gonna read the stuff first and use the videos as a revision tool henceforth.
Attached here is a BA-II calci guide that teaches you everything about the calci...from changing its batteries to discounted cash flows to using it as an intergallactic communication device (well, not really
). So download and Yenjoi! Update Time!
DAY 3: Im pissed with myself. All i did last night was go thru one hour of the 2hr50min video on derivatives. Should have ideally done much much more than that. But still, i learnt something at least. Got some scoop on the basics of derivatives, futures, forwards, options, swaps, OTC, leverage, leverage ratio, etc. Also learnt how T-bills and LIBOR rates are used in futures markets. Sounds cool, but its clearly not sufficient, especially after day 2 was spent doing nothing. BLATANT VIOLATION OF RESOLUTION NUMBER 5.
Weakness:
1. im not being consistent in studying
2. Im not making up for lost time.
3. Im jumping randomly from topic to topic without completing any topic entirely.
Which quant video you referring to? I havent gone thru all quant videos, neither have i gone thru all the schweser's material, so im not sure. Can you point out the specific discrepancy so that i can check it up? The video i watched was that bald guy from Duke talking about introductory concepts like time value of money and distributions etc.
Agree with you on the approach. One should not rely on the videos as the primary source of preparation. Its better to study the stuff from the books and come back to the videos for clarification and/or revision. Im not saying this coz i noticed a discrepancy, but coz i wasnt so comfortable listening to brand new concepts directly in audio...i like to see it in writing where i can read and re-read at my own pace. So im gonna read the stuff first and use the videos as a revision tool henceforth.
Even I had started off with time value of money ideas. I agree things were not drastically different but just a little paranoid of mixing 2 approaches
Anyways how have you found the other topics covered ? Economics, Derivatives and FSA.. Am a little worried about FSA.
I work in the IT division of an investment bank and in all the financial domain related trainings I have attended, financial statements have always gone over my head.
Even I had started off with time value of money ideas. I agree things were not drastically different but just a little paranoid of mixing 2 approaches
Anyways how have you found the other topics covered ? Economics, Derivatives and FSA.. Am a little worried about FSA.
I work in the IT division of an investment bank and in all the financial domain related trainings I have attended, financial statements have always gone over my head.
So far, I've only watched the "introduction to quants" video and the first one hour of the derivatives video...im planning to watch the remaining 2 hours of it tonight, and then pick up schweser's derivatives chapter and browse thru it. In both cases, i had a fair idea about the basics (TVM and Derivatives), therefore I found the videos to be quite good. But from a beginner's point of view who doesnt know anything basic, the derivatives video was a little intimidating becoz the prof would explain stuff pretty fast and use jargon-loaded language. Thats why i think im gonna read up from the books a bit and then watch the videos in case of the topics that i dont know the basics about (which is FSA and GIPS/GARP whatever and Alternative investments)....thats where i'll be able to truely assess the quality.
Im really very poor at FSA and its giving me sleepless nights already. Think ppl here can do a meetup on FSA? Anybody in Mumbai interested?
So far, I've only watched the "introduction to quants" video and the first one hour of the derivatives video...im planning to watch the remaining 2 hours of it tonight, and then pick up schweser's derivatives chapter and browse thru it. In both cases, i had a fair idea about the basics (TVM and Derivatives), therefore I found the videos to be quite good. But from a beginner's point of view who doesnt know anything basic, the derivatives video was a little intimidating becoz the prof would explain stuff pretty fast and use jargon-loaded language. Thats why i think im gonna read up from the books a bit and then watch the videos in case of the topics that i dont know the basics about (which is FSA and GIPS/GARP whatever and Alternative investments)....thats where i'll be able to truely assess the quality.
Im really very poor at FSA and its giving me sleepless nights already. Think ppl here can do a meetup on FSA? Anybody in Mumbai interested?
if u really wanna read abt derivatives, read john hull (futures, options and other derivatives). i know the maths can be a bit intriguing, but u can leave most of it if u desire. getting an intutive feel of models involved should be enuf. if u still need more info, pm me. i ll be glad to let u know how to walk thru the book.
Good Job Guys!
the whole thread was worth goin thru..
Makin my mind to turn towards CFA..
anybody who could gimme some idea abt International CFA from ICFAI..?
Is it worth?
is anyone here from MYSORE takin CFA dec07?? we can form a study group n share the materilas... pls PM me...
good job guys... specially CTD n rajat...
i ve actually enrolled for icfai ms finance..... only if i had known of CFA(CFAI) earlier.... but tats just fine.... just because i ve enrolled into this icfai thing its not gonna stop me pursue THE REAL THING..... the three golden words.... i am in for the CFA dec 07....... for now on a look out for study materials.....
u guys rock.....keep the good job goin......
Hey! thats a good idea. Thanks rajatb, will call them right away.
Thanks.
HI
I am currently pursuing CFA from ICFAI, and has cleared level 1. I look forward to work abroad, so is this CFA sufficient for that or do I need to go for CFA from US
Someone pls let me know.
Thanks!!
HI
I am currently pursuing CFA from ICFAI, and has cleared level 1. I look forward to work abroad, so is this CFA sufficient for that or do I need to go for CFA from US
Someone pls let me know.
Thanks!!
hi!
tgh i cn nt emericaaly answer dis question bt frm wht i hve learnd so far is tht cfa icfai is a bit indicentric crse (dey thmsevs hve mentioned on thr site tht it is a crse made after stdn indian mrkt requirement) whereas cfa from cfa institute is more broader in outlook(as it is undoubtedly acceptable allover world). so u cn c fr urself tht vich one will exactly correlate wid ur carrer goals.
regards
yogesh jain
TENNIS GAL, THIS POST I WROTE SHOULD SOLVE UR DOUBTS
Guys...for all of you there wid the "eligibility" criteria doubts,,chck dis link http://www.cfainstitute.org/cfaprog/faq.html##58
dis is wat it says :
" Can you help me to determine if my degree is comparable to a U.S. bachelor's degree?
Generally, applicants must have reached a level of study that qualifies them for acceptance to university graduate programs in the countries where they earned their undergraduate degrees. If you need assistance to determine whether or not your degree is comparable to a U.S. bachelors degree, CFA Institute suggests that you contact your college or university to make an inquiry."
As it says above...my interpretation is that u should be ELIGIBLE for graduate programs ( something equivalent to our M.Com), which anyone who has finishd B.Com is.so no prbs wid dat.the key here is "in the countries where they earned their undergraduate degrees."...so for us, its going to be grad programs(wt we call post grad) for Indian universities and MBA,M.Com, MA etc ALL accpt B.Com grads.
Also, had called up CFAI and asked them whether the 4 yr graduation versus the 3 year thng dat we B.Com ppl get wud make ne difference, they said there ws "no specific timeline regarding 15 or 16 yrs of education"...just dat u should be agrad or a grad in your final year ( full grad for appearing Level 2).
which makes sense cuz a 3 yr b.com grad is as good as a b.com equivalent frm d US, cuz both r grads int heir countries and dis being a global course thy cant enforce US stds.
wats more, if there indeed was ne such criteria, it would have blockd me frm enrolling for Level 2
hope dis helps.
__________________
Deciding on a signature still.....
Guys...for all of you there wid the "eligibility" criteria doubts,,chck dis link http://www.cfainstitute.org/cfaprog/faq.html##58
dis is wat it says :
" Can you help me to determine if my degree is comparable to a U.S. bachelor's degree?
Generally, applicants must have reached a level of study that qualifies them for acceptance to university graduate programs in the countries where they earned their undergraduate degrees. If you need assistance to determine whether or not your degree is comparable to a U.S. bachelors degree, CFA Institute suggests that you contact your college or university to make an inquiry."
As it says above...my interpretation is that u should be ELIGIBLE for graduate programs ( something equivalent to our M.Com), which anyone who has finishd B.Com is.so no prbs wid dat.the key here is "in the countries where they earned their undergraduate degrees."...so for us, its going to be grad programs(wt we call post grad) for Indian universities and MBA,M.Com, MA etc ALL accpt B.Com grads.
Also, had called up CFAI and asked them whether the 4 yr graduation versus the 3 year thng dat we B.Com ppl get wud make ne difference, they said there ws "no specific timeline regarding 15 or 16 yrs of education"...just dat u should be agrad or a grad in your final year ( full grad for appearing Level 2).
which makes sense cuz a 3 yr b.com grad is as good as a b.com equivalent frm d US, cuz both r grads int heir countries and dis being a global course thy cant enforce US stds.
wats more, if there indeed was ne such criteria, it would have blockd me frm enrolling for Level 2
hope dis helps.
__________________
Deciding on a signature still.....
Write an e mail to the CFA institute with details about your education background ,since the requirement is for 4 years of formal education they may allow you to take the exam.
A friend of mine pursuing a 5 year program (B.Tech+M.Tech) was allowed to take the CFA L1 after his fourth year since he had completed 4 years of formal education .
They are pretty flexible about this stuff and very prompt in replying,also since you stay in the US you can call up their helpline and confirm,for people in the US it is a toll free number.
Rajat, the requirement isnt 4 years of formal education.i had even called the President of the India Society, even he confirmed that B.Com is enough, which is 3 years course.
Good Job Guys!
the whole thread was worth goin thru..
Makin my mind to turn towards CFA..
anybody who could gimme some idea abt International CFA from ICFAI..?
Is it worth?
dude r u talking abt that MS Finance course from ICFAI....??? thats not even a CFA......:bad-word:
i think this should answer ur queries..
the one and only true CFA programme is from the CFA Institute, US.
ICFAI ppl are trying all stunts to keep the 'CFA' word attached to their programme.....and in the past they tried the same for 'CA' designation but failed......
HI
I am currently pursuing CFA from ICFAI, and has cleared level 1. I look forward to work abroad, so is this CFA sufficient for that or do I need to go for CFA from US
Someone pls let me know.
Thanks!!
If you intend to work abroad, you cant use the term "CFA" to refer to the course you've done from ICFAI. In other countries, "CFA" can only be used for charters earned thru the CFA Institute USA, and anyone using this designation for degrees earned thru another inssitute, such as ICFAI, will be liable for legal action etc. To overcome this technicality, ICFAI sells its course as "CFA" but finally awards a degree called "MS Finance". Smart guys
. The "CFA" from ICFAI, which you will eventually have to write as "MS Finance" on your resume, is not much recognized abroad, but its reasonably accepted by Indian employers. Whether you wanna continue with your course or switch to CFAI is your decision. Personally, if you're damn sure about working aborad, you should probably switch. Update time!
Day 4: Watched the remaining 1.5 hours of the derivatives video last night. Very interesting stuff. Learnt about put-call parity and synthetic securities. using LIBOR rates to generate interest rate swaps, currency swaps, options pricing etc. Good stuff, basically. Now i gotta look up the Schweser's book and read the derivatives stuff in there...hopefully there shouldnt be any discrepancy or anything.
Had a sleepless night yesterday after reading another thread here on FRM:
http://www.pagalguy.com/discussions/financial-risk-manager-frm-by-garp-25017216
Do check out this thread...will give you some perspective. Made me question myself whether im going down the right lane by taking up CFA at all:(. Back to the drawing board now...need some serious expert advice on this. Will post my thoughts on this once i have some clarity.
tgh i cn nt emericaaly answer dis question bt frm wht i hve learnd so far is tht cfa icfai is a bit indicentric crse (dey thmsevs hve mentioned on thr site tht it is a crse made after stdn indian mrkt requirement) whereas cfa from cfa institute is more broader in outlook(as it is undoubtedly acceptable allover world). so u cn c fr urself tht vich one will exactly correlate wid ur carrer goals.
regards
yogesh jain
Am i the only one who gets annoyed with SMS style writing in regular life? (Actually, I get annoyed with this style even in SMSes!
)PS: Noticed that the number of hits on this thread has crossed 50,000! Congratualtions to all you "hitters"
dude r u talking abt that MS Finance course from ICFAI....??? thats not even a CFA......:bad-word:
i think this should answer ur queries..
the one and only true CFA programme is from the CFA Institute, US.
ICFAI ppl are trying all stunts to keep the 'CFA' word attached to their programme.....and in the past they tried the same for 'CA' designation but failed......
dood, even i am a CFAI candidate (Level 2), but pls dont make such comments... d one higligthed.its ben a source of MANY fites out here and its ebst if we dont defame d icfai ppl and vice versa.aftr all the employer knows best !