Harder? It will probably stay the same in difficulty and pass rates will increase. Only so hard you can make information that isn't even necessary to actually make money in investment.
What we need is a thorough study on investment performance between charter holders and non-charter holders. It's nice to have and demonstrates mastery and dedication to the profession although it's not the only way; but clients forget that when faced with drawdowns on a portfolio that is highly restricted. There are folks on Seeking Alpha belting out investment grade reporting (not all is). I wonder how many are CFAs. That's the kind of work those seriously interested in this industry should be doing not just for compensation.
I think there is probably a decline across all financial qualifications not just the CFA, and I think its simply because there are lower barriers to entry for a successful career, and definitely more options to choose from if you are technically gifted. You can succeed as a retail investor, or starting your own business or freelancing right from home, and while all this is happening all qualification programs have skyrocketed in cost
Everything that applies to education is down these days. And I’m fine with it. It ensures those who actually put in the work will be highly regarded. Because let’s be honest, nobody’s hiring you as an unqualified, unskilled and inexperienced c-suite executive unless it’s your family’s company. I continue to mentor Gen Z to remind them that I’m their manager because I took the hard way and they look to me and want to know what I did to get where I am and I constantly stress education, skill building and experience. I’m only 37 and I really hate how the world is full of people who don’t want to do anything hard. But at the same time…I’m fine with it. It ensures that I’ll always be in demand. I’m not concern about AI, I leverage it to make my life better so that I can focus on strategic thinking.
As a level 2 candidate that did the post exam practice about coding amd AI, I think the AI concern is not really relevant. AI is not magic and omniscient. It is a massive excel sheet on steroid but it will still take human to calibrate it developp a view and take the decision.
In an industry of Aladdin, Charles River Development, Bloomberg or technology in general The CFA’s use case is for front office/modeller or quant developer type roles If you’re just happy being middle/back office excel jockey it’s a waste of time. You better off putting the hours to Excel VBA or Python And then do an easier finance certification if you don’t have a finance undergrad or masters
@@upstateNYfinest I’m very well clueless I don’t know any quant developers But I work with CFA charter holders at varying levels. Their advice to me is learn vba, python or sql. We are all middle office analysts I have no desire for front office roles personally. Middle office and excel spreadsheets I can automate so I’m working 15-18 hours weeks instead of 40-60 hours weeks or the horror stories I get from IB analysts I drink with
I get your logic, but Quants are mathematicians, statisticians, physicists in training and often with PhDs. CFAs are Asset Management folks, completely different levels of rigour. CFA introduces you to equations that aren't even required to memorize as learning objectives. You can't get away with that as a Quant. The "Quant" part in CFA isn't really Quant stuff.
Also the fact the level of difficulty of the exams are being lowered every year. I took the CFA level 2 exams in May this year. The questions were straightforward and basic like arithmetic, while level 2 is supposed to more analytical. It's time the Institute raise the difficulty and make it difficult for candidates to pass.
@@dylanthompson6690 I agree, the November exams last year was called out to be very tough. Maybe the May exam was an outlier causing a pass rate of more than 50%.
is having CFA level 1 any beneficial? like would it be something that makes you stand out or give you an edge when applying for a company as a fresh grad ? I am from Japan btw
FT has been doing this writers either failed exams or..... Reddit comments mostly bitter faures who in got to admit after few volleys lololAI is alibi for failure.. its the darth Beta effect;
You may know what you are talking about, but it took you 2minutes 28 seconds before you even gave a clue as in finance! Most rural Australians know CFA as Civilian Fire Assosiation as in volunteer Fire Fighters. Please explain yourself at the beginning to set your stage for your talk.😊
Honestly, I view this as a good thing for charterholders. It makes our designation more respectable and harder to get.
Harder? It will probably stay the same in difficulty and pass rates will increase. Only so hard you can make information that isn't even necessary to actually make money in investment.
Maybe more respected if it makes it more rare. But this shouldn't make it harder.
Go for it.
Thanks for the update
What we need is a thorough study on investment performance between charter holders and non-charter holders. It's nice to have and demonstrates mastery and dedication to the profession although it's not the only way; but clients forget that when faced with drawdowns on a portfolio that is highly restricted.
There are folks on Seeking Alpha belting out investment grade reporting (not all is). I wonder how many are CFAs. That's the kind of work those seriously interested in this industry should be doing not just for compensation.
That would be cool. I believe people have tried to measure this before.
I think there is probably a decline across all financial qualifications not just the CFA, and I think its simply because there are lower barriers to entry for a successful career, and definitely more options to choose from if you are technically gifted. You can succeed as a retail investor, or starting your own business or freelancing right from home, and while all this is happening all qualification programs have skyrocketed in cost
Everything that applies to education is down these days. And I’m fine with it. It ensures those who actually put in the work will be highly regarded. Because let’s be honest, nobody’s hiring you as an unqualified, unskilled and inexperienced c-suite executive unless it’s your family’s company.
I continue to mentor Gen Z to remind them that I’m their manager because I took the hard way and they look to me and want to know what I did to get where I am and I constantly stress education, skill building and experience. I’m only 37 and I really hate how the world is full of people who don’t want to do anything hard. But at the same time…I’m fine with it. It ensures that I’ll always be in demand. I’m not concern about AI, I leverage it to make my life better so that I can focus on strategic thinking.
Do you have any data on it? Like CPA or other certifications being down?
As a level 2 candidate that did the post exam practice about coding amd AI, I think the AI concern is not really relevant. AI is not magic and omniscient. It is a massive excel sheet on steroid but it will still take human to calibrate it developp a view and take the decision.
In an industry of Aladdin, Charles River Development, Bloomberg or technology in general
The CFA’s use case is for front office/modeller or quant developer type roles
If you’re just happy being middle/back office excel jockey it’s a waste of time.
You better off putting the hours to Excel VBA or Python
And then do an easier finance certification if you don’t have a finance undergrad or masters
you dont need CFA for Quant its just maths and very high level maths
Lol this guy doesnt have a clue what he is talkin about if he is equating quants with CFA's lol
@@upstateNYfinest I’m very well clueless I don’t know any quant developers
But I work with CFA charter holders at varying levels. Their advice to me is learn vba, python or sql. We are all middle office analysts
I have no desire for front office roles personally. Middle office and excel spreadsheets I can automate so I’m working 15-18 hours weeks instead of 40-60 hours weeks or the horror stories I get from IB analysts I drink with
I get your logic, but Quants are mathematicians, statisticians, physicists in training and often with PhDs. CFAs are Asset Management folks, completely different levels of rigour. CFA introduces you to equations that aren't even required to memorize as learning objectives. You can't get away with that as a Quant. The "Quant" part in CFA isn't really Quant stuff.
CFA? Quants? Okay…. lol.
As someone who is mid-career who just got his charter, I can tell you the effects of getting the CFA on career prospects are still huge.
Congratulaitons!
@@straighttalks-ajsrmek323 Are you attending the national conference in Chicago next summer?
It'd be cool to do a meet-up
@@bluehorseshoe444 Probably not but possibly.
Also the fact the level of difficulty of the exams are being lowered every year. I took the CFA level 2 exams in May this year. The questions were straightforward and basic like arithmetic, while level 2 is supposed to more analytical. It's time the Institute raise the difficulty and make it difficult for candidates to pass.
You could have gotten an easier exam version, not every exam is the same.
@@dylanthompson6690 I agree, the November exams last year was called out to be very tough. Maybe the May exam was an outlier causing a pass rate of more than 50%.
So I took august l2 and passed, many people said its hard but imo if you study properly the exam is straightforward
@@sumanthasaha61 again there are multiple versions not every version of the May exam is easy
I've heard other who feel the same way as you.
is having CFA level 1 any beneficial? like would it be something that makes you stand out or give you an edge when applying for a company as a fresh grad ? I am from Japan btw
Just passing level 1 is not very beneficial.
FT has been doing this writers either failed exams or..... Reddit comments mostly bitter faures who in got to admit after few volleys lololAI is alibi for failure.. its the darth Beta effect;
Haha, nice observations.
You may know what you are talking about, but it took you 2minutes 28 seconds before you even gave a clue as in finance! Most rural Australians know CFA as Civilian Fire Assosiation as in volunteer Fire Fighters. Please explain yourself at the beginning to set your stage for your talk.😊
Go Irish
Go Irish