Another cfp/cfa question

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Mar 14, 2007 1:26 am

I don't have so much dread for the material (taking cfa December) but am just curious if everyone finishes the cfa and cfp exams early like the 7. I got 222/250 on the 7 in an one hour and fifty minutes, with two quick breaks. The thought of actually SITTING somewhere for material that however difficult, requires all or most of six hours seems more concerning to me than the level of difficulty.

Mar 15, 2007 11:59 am

The CFA was brutal.  Longest day of my life.


Mar 18, 2007 3:54 am

Ouch....what were the results? I only know three people who have passed level 1, and two failed on the first time.

Mar 20, 2007 9:34 pm
ChrisB:

The CFA was brutal.  Longest day of my life.



Ummm... The CFA consists of THREE tests.

Mar 21, 2007 12:03 am
san fran broker:
ChrisB:

The CFA was brutal.  Longest day of my life.



Ummm... The CFA consists of THREE tests.




Humm...  I know that...  Level 1 is as far as I made it.  I studied for about 200 hours, worked full time and tried to find time for my family.


And, despite the fact that test is scantron and can be graded in minutes, the CFA institute took over 1 month to get the results and then I received an email that basically said:  FAIL


Screw that.  Everyone that has passed all 3 levels has my upmost respect.  In this field however, you do not need it.  I was in a different sector at the time (investment performance) and it was a good fit.

Mar 21, 2007 9:25 pm

I have both the CFA and CFP.  The CFA program is exponentially more difficult than the CFP.  If I were doing it again I would only get the CFP as it is much more recognized by the investing public.   If you have a desire to work with institutional account then the CFA may be worth it.  I personally think it is overkill for this business.