Is CA and CFA a good combination

Re: CFA Easier Than Masters Degree?

CFA easier than a master’s degree?

After completing your bachelor's degree, consider doing the CFA or master’s degree. Guess that the CFA will be a lot lighter than the master's and is significantly cheaper. Am I wrong?

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Re: CFA Easier Than Masters Degree?

??
A liter of milk is also easier than a master’s degree

One compares professional training with academic training.
What should be the added value of it?!?

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Re: CFA Easier Than Masters Degree?

The CFA is actually more part-time. At best, takes 18 months. Or do you also mean a part-time master’s degree or even an MBA?
With a normal 2-year master's degree, it is actually a good idea to do the CFA on the side.

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Re: CFA Easier Than Masters Degree?

I meant Master alongside the job vs. CFA alongside the job

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Re: CFA Easier Than Masters Degree?

Does it depend on what you do now or what you want to achieve with it? Maybe it makes sense to do the CFA now and then after 2-3 years BE an MBA. But as I said, you have to know what you're going to do with it. A CFA is definitely cheaper.

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Re: CFA Easier Than Masters Degree?

CFA has a failure rate of 50% at every level. If you fail, you have to wait a year (at levels 2 and 3). Costs per attempt approx. 1,500 euros if you limit yourself to Schweser and the registration yourself. If you are underperforming, you should also charge even more money. Does that answer the question?

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Re: CFA Easier Than Masters Degree?

If you register early enough, the attempt will cost? 850. I don't know why the sister's documents are needed either.

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Re: CFA Easier Than Masters Degree?

The failure rates are much higher than 50%. Level I have currently passed 38%, Level II 42%. The CFA program is no walk in the park.

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Re: CFA Easier Than Masters Degree?

In the last few years it was ~ 40% that passed. The CFA is pretty heavy on the side. About 300h The effort should be hours. In addition, the working hours in the areas in which it is interesting is usually not the normal 40 hours. Week match.
The quota is also not adjusted for the people who do not even start, etc.

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Re: CFA Easier Than Masters Degree?

Yes, the rate is pretty stable, even if it increases slightly from Level I to III. Many at Level I underestimate the program. A couple of jam-packed books don't just learn on the side. And then you don't just have to get all the stuff in your head (no formula sheets!), You also have to keep it in your head throughout the entire study period.

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Re: CFA Easier Than Masters Degree?

The 38% are already without no shows! And 300 hours of preparation time are recommended per level, i.e. a total of 900 hours of recommended preparation time.

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Re: CFA Easier Than Masters Degree?

A master’s degree at a university is definitely easier than the CFA !!

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Re: CFA Easier Than Masters Degree?

But hello!
Indication: No CFA candidate talks about holidays, parties, summer. Then there are (apart from the pocket calculator) no tools for the CFA exam, you have to have all the formulas in your head and quickly hitting the tutor in the corridor is also not.

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Re: CFA Easier Than Masters Degree?

How many part-time master’s students talk about holidays, partying, summer ???

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Re: CFA Easier Than Masters Degree?

levels 2 and 3 are crisp. In the course of study, you usually get by with three four weeks of learning to pass the exams. With this effort, there is a very high probability of failure in the CFA. CFA is particularly suitable for people with a solid background in capital market topics and accounting

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Re: CFA Easier Than Masters Degree?

As already written, the 300 hours per level are purely a recommendation. Especially on the later levels it should be really difficult, 300 hours will certainly not be enough.

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Re: CFA Easier Than Masters Degree?

I don't have a master's degree, but a business degree and the CFA degree was pretty much the hardest and most complex thing I've done so far. Costs 3000, - EUR in total if you pass all 3 exams for the first time, diarrhea rate around 60-70%.
I work full time and started a good 3/4 year before the exam: 2 hours in the morning and 1-2 hours in the evening, weekends anyway - please don't underestimate the CFA
greeting

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Re: CFA Easier Than Masters Degree?

don't have a master's degree, just a bachelor's degree.
cfa 1 and 3 passed without a day off (3-4 weekends were spent on it), for lvl2 I had two weeks but only because I did the stb at the same time

everything doable

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Re: CFA Easier Than Masters Degree?

(3-4 weekends were spent on it)

3-4 weekend for CFA Lvl? there are at least 5 books of 300-350 pages each of summaries, about 200 formulas and procedures that you have to learn by heart.

for lvl2 i had two weeks but only because i did the stb at the same time

At the same time star? Stb people cannot even afford a weekend with 5 hours of study a day when they are off. They spend between 12 and 14 hours every day for four months in a row with starboard preparation just to get a chance to write four exams.

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Re: CFA Easier Than Masters Degree?

What a crap. Of course you learn 7 days a week, but more than 8 hours a day is really not productive.

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Re: CFA Easier Than Masters Degree?

Whether productive or not, at 10 p.m. the StB people are still in the library and at 8 a.m. the intensive course starts again.

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Re: CFA Easier Than Masters Degree?

Foolish talkers, sorry: I didn't do anything for 15 weekends of 10 hours a day except study and practice exams. Just got there. Especially the mass is definitely not feasible in 3-4 weekends. Especially not for level 3 Axis Master in Finance. 2 weeks for level 2 is absolutely ridiculous, keep dreaming

Lounge guest wrote:

don't have a master's degree, just a bachelor's degree.
cfa 1 and 3 passed without a day off (3-4
weekends went on for it), for lvl2 I had two
weeks but only because I did the stb at the same time

everything doable

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Re: CFA Easier Than Masters Degree?

A tax advisor exam takes 6 hours. If you want to solve them completely and in detail, you would actually need 7.5 hours. If you then have to correct the exam yourself or rework the solution, it also takes time. Then you’re busy all day.

Ask the pre-poster for which it was just enough:

Did you learn a lot before the intensive course or did your preparation take place almost exclusively during the release phase?

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Re: CFA Easier Than Masters Degree?

For levels 1 and 2: I read through the documents so that I quickly knew what was wrong (derivatives and accounting are already crisp, parts of quant methods in L2 too). Then solve problems, correct errors, read up on the last 15 WE. For level 3 and level 2, I also took a week's vacation to review

Lounge guest wrote:

A tax advisor exam takes 6 hours.
If you want to solve them completely and in detail, you would
actually need 7.5 hours. Then when you get the
Examination must also correct itself or the solution
reworked, it also takes time. Then there you are
busy all day.

Ask the pre-poster for which it was just enough:

Did you already learn a lot before the intensive course or
found your preparation almost exclusively in the
Exemption phase instead?

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Re: CFA Easier Than Masters Degree?

don't have a master's degree, just a bachelor's degree.
cfa 1 and 3 passed without a day off (3-4
weekends went on for it), for lvl2 I had two
weeks but only because I did the stb at the same time

With CFA the Chartered Financial Analyst was meant here, not the Association of Cat Friends (http://de.wikipedia.org/wiki/Cat_Fanciers%E2%80%99_Association), where membership can be easily reached.

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Re: CFA Easier Than Masters Degree?

Lounge guest wrote:

Foolish talkers, sorry: I have 15 weekends of 10 hours each
Nothing done for a day except learned and done practice exams. Has
just got there. Especially the crowd is in 3-4 weekends
definitely not feasible. Especially not for level 3
Master in Finance. 2 weeks for level 2 is absolute
ridiculous, keep dreaming

Lounge guest wrote:

don't have a master's degree, just a bachelor's degree.
cfa 1 and 3 passed without a day off (3-4
weekends went on for it), for lvl2 I had two
weeks but only because I did the stb at the same time

everything doable

So 150 hours or at least 300 hours?

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Re: CFA Easier Than Masters Degree?

well, after 5.5 hours at the latest, you have easily completed the tasks in the exam

Lounge guest wrote:

A tax advisor exam takes 6 hours.
If you want to solve them completely and in detail, you would
actually need 7.5 hours. Then when you get the
Examination must also correct itself or the solution
reworked, it also takes time. Then there you are
busy all day.

Ask the pre-poster for which it was just enough:

Did you already learn a lot before the intensive course or
found your preparation almost exclusively in the
Exemption phase instead?

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Re: CFA easier than master’s degree, tax exams

No, that's what my lecturers and other tax consultants say, that you would need significantly more than 6 hours for a tax exam. If you take the exam as an exercise, you need a whole day.

It has to be said, however, that you get into the oral exam with a grade of 4.5. Grade 4.5 is 40% of the achievable points. Every other exam that I know can only be passed with at least 50% of the achievable points. In the StB exam, of the 100% theoretically achievable points, only 80% can realistically be achieved in the time - of which half are 40% and a grade of 4.5. Therefore it is already taken into account when evaluating the exam that you cannot go into everything in detail.

This then leads to interesting considerations as to how to proceed strategically in the exam: Turning the pages for a long time or not solving entire parts of the exam are a knockout criterion. The best chance is someone who solves the exam as a whole and, if necessary, accepts that he makes mistakes here and there or leaves out certain aspects.

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Re: CFA easier than master’s degree, tax exams

ok with "through" I also meant "pass" and there is only time pressure if you get confused or are too perfectionistic.

But back to the subject of CFA: folks, that is (apart from lvl3) multiple choice with 1v3 correct, so come down. The eighth year of school at Gymmi was really harder now

Lounge guest wrote:

No, that's what my lecturers say, and so do others
Tax consultants that you can clearly for a tax exam
would take more than 6 hours. Who took the exam for exercise
solves, needs a whole day.

However, you have to say that you already have a grade of 4.5
takes the oral exam. Grade 4.5 is 40% of the
achievable points. Any other test I know can
can only be passed with at least 50% of the achievable points.
In the StB exam, 100% are theoretically achievable
Points only 80% realistically achievable in the time - of that
half are 40% and grade 4.5. So it's already at
The evaluation of the exam factored in that one does not have to
everything can go into detail.

That then leads to interesting considerations on how to
proceed strategically in the exam: scrolling around for a long time or
Failure to solve entire parts of the exam are a knockout criterion.
Someone who solves the exam as a whole has the best chances
and if necessary accepts that he makes mistakes here and there
makes or omits partial aspects.

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Re: CFA easier than master’s degree, tax exams

It was really the eighth year of school at Gymmi
heavier

Yes, that's what the guy next to me meant (roughly) during the exam. Then the test started and the face grew long and longer.

As far as I know, the rate for passing the 8th grade is also above 38 percent, as was currently the case with level I of the CFA program, for example.

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Re: CFA part-time, preparation

Can someone give me an assessment of whether this is feasible with 6-8 weeks of preparation alongside work at level 1?

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Re: CFA part-time, preparation

300 hours is not an exaggeration, but a reality

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Re: CFA Easier Than Masters Degree?

Do you feel that there are no differences in perception? So people who have prepared the exam in 1-3 days at good state universities when others have studied for 3 weeks and have achieved comparable results. Can these also get there with less learning in the CFA? Can't judge that at all.

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Re: CFA Easier Than Masters Degree?

I did my master’s degree at the University of Münster and am also currently considering further professional development.

My major was accounting and so far I just didn't have the money to sign up for the CFA.

I think the high failure rates result from the fact that people come from a wide range of educational backgrounds. People without a degree will also take the exam, right?

I haven't read up on it yet, to be honest, and it was just a fixed thought. Since I work in controlling, the CMA may make more sense. However, I have the (subjective) feeling that the CFA is worth more.

What do you think about that?

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Re: CFA Easier Than Masters Degree?

Think about whether you should do the ACCA. It's also not bad if you are in the areas of controlling, investment controlling, group controlling etc., you can also focus on, for example, in-depth performance management.

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Re: CFA Easier Than Masters Degree?

No no no. I can safely say that this mentality will not be successful at the CFA. I know some who got through relatively easy at the university (including Mannheim and Cologne) and even these required 300 hours and more for Level II and III. Level 1 can be passed with very good statistics, finance & accounting knowledge and a lot of luck with 200-250 hours, but the knowledge is so specific that you simply need this time to learn the material. And yes, CFA is definitely the ultimate in professional certificates, including in the area of ​​controlling. (although he is aiming at finance)

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Re: CFA Easier Than Masters Degree?

I wrote CFA level II myself last year. I can assure you that you will not get there with "little" learning. That'll be a handle in the toilet. Expect at least 5-6 weeks of full-time preparation or 3 months part-time. The problem is not the difficulty of the material itself, but rather the amount. As the previous poster said, you can do it in Level I with about 200-250 hours. This does not work for level II, calculate here with about 300-400 hours.

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Re: CFA Easier Than Masters Degree?

well come on down there colleague ... a wp / stb / cpa etc pp are a good number harder than a cfa ....

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Re: CFA Easier Than Masters Degree?

CPA harder than cfa ... lol..do your Abi first ...

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Re: CFA Easier Than Masters Degree?

Definitely not, you can already pass it after completing a master’s degree with a tax focus and studying for 2-3 weeks (I don't just know one of those who did that). CPA - haha.
WP- definitely correct, but the preparation time for this is also about 1 year.

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Re: CFA Easier Than Masters Degree?

Yeah sure ...

Lounge guest wrote:

Definitely not, you can do that after completing a master’s degree
with a tax focus and 2-3 weeks of learning already passed
(don't just know one with whom that was the case). CPA - haha.
WP- definitely correct, but this is the one
Preparation time is also scheduled to be around 1 year.

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Re: CFA Easier Than Masters Degree?

what exactly do you think is wrong with the post you commented on?

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Re: CFA Easier Than Masters Degree?

All 3 levels in combination roughly correspond to the WP. So similar in scope, just spread over three levels.

The CFA is rock solid. I have now learned 2 months for the first level, of which 4 weeks full-time (approx. 12 hours per day, Monday-Sunday). And I don't know if it was enough. The CFA is definitely a super brand in the CV and should by no means be underestimated. But think about it carefully, because the individual levels mean significant cuts in the quality of life. The CPA is joking against it.

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Re: CFA Easier Than Masters Degree?

again: all 3 levels cfa neither correspond to the stb nor the wp ...

I can write the cfa as often as necessary until I have passed, try it at the stb or the wp ....

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Re: CFA Easier Than Masters Degree?

what kind of argument is that? just because you can write a test more often, isn't it easier? You can write a GMAT as often as you like, and yet it is more difficult than the Abi.
To be very clear. The Stb is a very good title and every holder has my respect, but the CFA is on a completely different level in terms of quantity and claim.
Everything has already been said about the WP: All 3 CFA levels together roughly correspond to the amount of the WP, whereby this has the difficulty that everything has to be accessed at once, whereas the CFA is divided into 1.5 or 3 years.

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Re: CFA Easier Than Masters Degree?

A former colleague of mine tried the tax advisor exam several times, but ended up failing. It was the case with him that he got different grades in the written part depending on the attempt. The reason was that the questioned material sometimes overlaps more and sometimes less with what he has mainly learned or was good at. As a result, he got into the oral one, but then finally failed there.

If he could have passed all parts of the tax advisor individually and tried each part infinitely often, then he would be a tax advisor today.

So I think that "state examination-like" exams in Germany are more difficult than some foreign exams with different passing modalities. An all-or-nothing test also costs a lot more nerves.

And about the master’s degree, after which you can get the best of the StB exam: This is nothing more than a conventional exam course that has been "spruced up" with a few additional academic modules in order to give the people behind an additional, irrelevant academic degree to be allowed.

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Re: CFA Easier Than Masters Degree?

Heard the CFA is roughly comparable to a PhD in quantum physics. WP / StB should rather be seen as advanced training ala "dance your name" and "dance your surname".

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Re: CFA Easier Than Masters Degree?

What is all this nonsensical discussion about?
The CFA is in fact no more and no less (complex) than the WP.
The WP is definitely the better title for everyone who wants to work in audits and the CFA for everyone who wants to work in treasury, asset, management, IB or other finance-related positions. Otherwise, the comparison makes about as much sense as the one between salmon and tuna

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Re: CFA Easier Than Masters Degree?

CFA is the ultimate. WP and StB are really quite dusty titles that will soon be superfluous due to digitization

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Re: CFA Easier Than Masters Degree?

You can't compare the titles with each other. Each title is difficult to acquire in its own way, there are sometimes different entry requirements and, above all, a different purpose!
Regardless of this, you probably choose according to your own interests and perspectives.

Lounge guest wrote:

CFA is the ultimate. WP and starboard are really pretty
outdated titles that will soon be replaced by digitization
become superfluous

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Re: CFA part-time, preparation

Anyone who already focused on finance at a good university in Germany and is interested in the subject should be able to do Level I in 6 to 8 weeks full time.

In a good company you can actually always take 4 weeks off extra time a year, then you add 2 weeks of vacation and 1-2 weeks of overtime reduction and then you do a level every year.

Then it should actually be feasible and you don't have to sacrifice the whole vacation, of course there is a little less salary.

My boss (WP) had no problems giving me 4 weeks off, because that is nothing compared to the at least 4 months for the WP exam. With the CFA it is distributed and that is optimal.

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Re: CFA Easier Than Masters Degree?

Don't piss off everybody how difficult the cfa is ... It is demanding, but with a study background, at least the first two levels are feasible with tolerable effort (I haven't got more yet, can only say a little about 3). I also know fellow students who have inserted cfa levels 1 and 2 parallel to the master’s degree and they were still partying more than I did .. I have the feeling that some of those who made it to lvl 1 in the third attempt have to justify their lousy performance. Just like this gmat is heavier than abi poster, ridiculous .. A very good graduation demands a little more than a very good gmat (and have 700+ myself)

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Re: CFA Easier Than Masters Degree?

4 weeks full time is easily enough for level I + II.

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Re: CFA Easier Than Masters Degree?

I am currently preparing for the CFA L1 and I honestly have the feeling that it is not as difficult as described here. But what makes me totally puzzled is the failure rate. Why do approx. 60% fail? I mean, they all paid money for it and will have learned all of them accordingly?

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Re: CFA Easier Than Masters Degree?

Yes, that's the global quota.
The education systems are simply not comparable.
As I said, with a finance degree from one of the top universities in Germany, you are in a VERY GOOD position worldwide. It is of course a bit easier because you already bring more with you.

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Re: CFA Easier Than Masters Degree?

I took a look at the sample questions of a Level 1 CFA test and see no difference in content to a financing and investment exam. Every business graduate should be able to do it, especially someone who is passionate about this topic.

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Re: CFA Easier Than Masters Degree?

How do you see the CFA alongside your studies?
I'm doing a Master's in Finance and already had a lot of finance, statistics and derivatives in my Bachelor's degree.
Internship in S&T and asset management available.

I would not like to invest more than 10 days full-time for level 1, however.

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Re: CFA Easier Than Masters Degree?

The CFA is not only about classic finance topics, but also about ethics and economic understanding.
Is your Finance Master a CFA Affiliate Program? Then you will have covered 80% of the material and 10 days full time should be sufficient. If your master does not have that many overlaps, I would plan a few more days, then unnecessary to lose another half a year.

WiWi Gast wrote on March 7th, 2018:

How do you see the CFA alongside your studies?
I'm doing a Master's in Finance and already had a lot of finance, statistics and derivatives in my Bachelor's degree.
Internship in S&T and asset management available.

I would not like to invest more than 10 days full-time for level 1, however.

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Re: CFA Easier Than Masters Degree?

WiWi Gast wrote on March 7th, 2018:

How do you see the CFA alongside your studies?
I'm doing a Master's in Finance and already had a lot of finance, statistics and derivatives in my Bachelor's degree.
Internship in S&T and asset management available.

I would not like to invest more than 10 days full-time for level 1, however.

10 days? Forget it!

After failing, you have an excuse not to scratch your ego: You haven't learned much anyway.

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Re: CFA Easier Than Masters Degree?

WiWi Gast wrote on March 12, 2018:

WiWi Gast wrote on March 7th, 2018:

How do you see the CFA alongside your studies?
I'm doing a Master's in Finance and already had a lot of finance, statistics and derivatives in my Bachelor's degree.
Internship in S&T and asset management available.

I would not like to invest more than 10 days full-time for level 1, however.

10 days? Forget it!

After failing, you have an excuse not to scratch your ego: You haven't learned much anyway.

Why forget it in general?
When you see who does everything the cfa I can't imagine that he can't do it with a good quantitative Bachelor + Finance Master.

Most of the people here haven't even seen the inside of a BB

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Re: CFA Easier Than Masters Degree?

Am at the FS in the Finance Master, which is a CFA affiliation program.
For level 1 you hardly have to learn anything anymore, after the 2nd-3rd Semester. The 10 days are enough. Even ethics nonsense is covered in a specially arranged lecture.

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Re: CFA Easier Than Masters Degree?

Nevertheless, 10 days are not enough.
The sheer amount of material nullifies such a plan.

4 weeks full-time absolute minimum.

Everyone I know who has a top bachelor's and master's degree and who have tackled the CFA have been employed full-time for about 6 weeks.

Before that, just learn on the side.

WiWi Gast wrote on March 13, 2018:

Why forget it in general?
When you see who does everything the cfa I can't imagine that he can't do it with a good quantitative Bachelor + Finance Master.

Most of the people here haven't even seen the inside of a BB

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Re: CFA Easier Than Masters Degree?

Anyone can pass CFA Level 1, I ask you. 2 months of part-time preparation are sufficient. I have prepared myself for bad questions for L1 and prepared. When I went out at 5 p.m. I asked myself if they were kidding me. The questions were a JOKE!

Level 2 is a bit harder, I would recommend 3 months of part-time preparation here. But here too there were some questions that were very simple. There you sit and feverishly look for the mistake because you can't believe how easy it can be partially answered.

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Re: CFA Easier Than Masters Degree?

WiWi Gast wrote on March 12, 2018:

WiWi Gast wrote on March 7th, 2018:

How do you see the CFA alongside your studies?
I'm doing a Master's in Finance and already had a lot of finance, statistics and derivatives in my Bachelor's degree.
Internship in S&T and asset management available.

I would not like to invest more than 10 days full-time for level 1, however.

10 days? Forget it!

After failing, you have an excuse not to scratch your ego: You haven't learned much anyway.

The CFA Level 1 can be passed without any problems with prior knowledge of finance focuses in the Bachelor and Master ...
The only thing I had to "learn" was the ethics nonsense, otherwise you could write Level 1 while flying blind

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Re: CFA Easier Than Masters Degree?

I see it similarly. However, flying blind or 10 days of preparation is simply too euphemistic and most likely comes from people who have not completed it themselves (but of course you can say a lot).