Urgent help! career decision


senior articled assistant

I had appeared for the fourth time in pcc. but faile ddue to non fulfillment of 50% condition, individually i had cleared.

As a student, i am serious, and have an equal amt of aptitude for both FINANCE and INVESTMENT ANALYSIS. After yesterday's result, i started thinking about leaving CA and joining CFA. i know if i had worked this much in CFA (US), I could have cleared. Please suggest. What should i do, i am not able to go and pick up the same books again...

 
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i can understand wat u must b goin thru...........but there's no point dwellin in the past.........100 ppl will give u 100 advices.......but at the end it's upto u wat u want to do........I too had missed the finals once by just 8 marks despite clearing in all subjects except for costing.......so i can well understand the frustration...........but one thing that kept me goin was the will power and that zeal to bring a smile on my parent's face........so i suggest u the same.....jsut imagine of d day when u will pass and how proud ur parents wud b of ur achievement.........i can assure u that one success can wipe off all ur past failures and frustrations..............
and about ur studies........well i can share my style when i was preparing.....
i was  waiting for the tuitions to get over so that i can sit and study at home for audit and IT ,for these subjects I hadnot taken tuitions.......and my exm was due in nov.......i still rem,tuition of other subjects ended during d end of sept and i jst had aprox 1 mnth to tackle these subjects and had to revise other subjects too...........i almost had a panic attack ...........but i didnt give up.......i devised 1 week 1 subject plan...........so i tackled audit in 1 week......and trust me,i had not studied it before......during that 1 week i did jst audit.slept with audit,woke up with audit .......i had further refined my plan...i jst studied frm compiler...collection of 20 terms......so i used to do 4 terms in 1 day.........and in remaining 2 days i evn managed to revise..........i did standards from book............and boom............audit ran in my blood........all this hardwrok paid off,....i scored 78 and this helped me to pull my group total as i had not done well in other subjects..but i managed to clear in 1 attempt.........
and with regards to IT ......i followed the same thing......it has never been my fav subject.infact i blve,no commerce student will njoy studing it........so it's like a bitter syrup medicne which u have to take no matter wat.....
and with regards to CFA.....it's costly.....and no diffrent than CA as it is also sort of correspodence course.......I wud prefer MBA to it....u wud get to learn a lot.....

..feel free to ask for any help i cud b of...wud gladly help u.............all the best..............

 

 


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senior articled assistant

THANK YOU VERY MUCH VIKAS JI, SHOULD I GO FOR NOVEMBER 12 INSTEAD OF MAY 12, I HAVE BCOM FINAL IN APRIL...

 
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i always blve that u shud never let go off an opportunity....hwo knws..evn luck may play a part.....u shud definitely go 4 may 12......start preparing now.....and dont take it lightly ........u have ample tym.......

 
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Originally posted by : SIDHARTH DHIR

I had appeared for the fourth time in pcc. but faile ddue to non fulfillment of 50% condition, individually i had cleared.

As a student, i am serious, and have an equal amt of aptitude for both FINANCE and INVESTMENT ANALYSIS. After yesterday's result, i started thinking about leaving CA and joining CFA. i know if i had worked this much in CFA (US), I could have cleared. Please suggest. What should i do, i am not able to go and pick up the same books again...

omg! maybe you are right..I just cleared CFA level 1 and now i'm thinking to go for cfa level 2 in dec.

I think you can definitely go for CFA.
I took coaching from Finstructor coaching classes, they are in mumbai.
But they also provide video lectures and their video lectures are so fine!!!!
Really thinking to join them again!
 smiley
But most of all I'm so happy to clear level 1!! coollaugh

 
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Is taking the CFA worth it?

CFA is one of the most globally recognized qualifications in Finance. But there’s always a debate around the fact whether having a CFA charter is worth all the effort or not. Well, the fact that it requires a certain dedication and discipline makes it worth a pursuit. There are many benefits of CFA and some of them I’ve listed below for you:

Moving abroad: If you are planning to move to a foreign country, for example, Europe, then having a CFA charter helps a lot. Because of the global recognition of the charter, you automatically gain eligibility to work at the finance and accounts industries all around the world.

Many more profile options: When it comes to accounting and finance, people feel limited in terms of career options. Whereas a CFA charter opens doors to a diverse list of work profiles such as Portfolio Manager, Research Analyst, Corporate Financial Analyst, Financial Advisor, Relationship Managers, Risk Manager, Investment Banking Analyst, Strategist, Trader, Broker. Performance Measurement Specialist, Private Banker and more.

Detailed knowledge: The CFA qualification requires you to clear three levels of exams viz. CFA Level 1, CFA Level 2, CFA Level 3, throughout which you read and acquire knowledge that you otherwise would take years to gain as a professional. The syllabus obviously helps you identify your academic prowess and if nothing else, just the preparation will give you insight on practical aspects of finance and accounts industries worldwide. You’ll grow as a person, intellectually.

CFA has its huge set of benefits, but you must know that it is mostly about equipping yourself with the correct skills in order to become a global asset for your industry. Because a degree or a charter is only a part of a person, which makes him qualified on paper, but it takes more than just qualification to get a job and an identity. The words you are looking for here are networking and interviewing skills. If you do not have these soft skills, you may need professional guidance.

CFA exam is not that hard if you prep right. The best place for CFA preparation in India is EduPristine. It is one of the market leaders for Finance preparation programs and a reliable name. They are also known for their faculty members who are practitioners from the Industry itself. And the cherry on the top is that they also provide Career Services where they help you with your soft skills and train you for interview. You can check the out here.

The worth of CFA depends on how you perceive the efforts you put in for an examination. If you value the things you learn in the process then you’ll definitely find worth in the CFA course.

 
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CFA is the most coveted degree on finance which consists of 3 levels in total. Passing marks for CFA L-1 comes within a 35% to 45% bracket, in L-2 it increases to 42% or so, and in L-3 the passing marks increases between 45% to 55% or so. CFA is not only about stock markets, it covers anything remotely related to finance. CFA with an MBA is of global value, however, salary prospects outside India is higher due to the standard of living.

In comparison to C.A, CFA includes an entire curriculum on finance while CA only contains a subject in finance. CFA is a globally recognized degree and the exams takes place all over the world. 4 years of work experience is required for a charter, which you can complete before, during or even after the completion of your CFA course. Work experience in your own business also counts. There is more depth of finance in CFA than an MBA or a C.A.

You can also opt for a C.A after completing your CFA because a combination of CFA and C.A can give you more insight in the corporate world.

The course structure in C.A is varied and covers subjects like accountancy, taxation, costing and law.

Also after completing CFA in India, a lot of avenues open in terms of job prospects. You can work in the finance dept. of a company or in the risk dept., you can also work as an equity analyst, investment manager, portfolio manager, forensic auditor, etc. Mutual fund houses, private equity houses and hedge funds also employ a lot of CFAs.

 

SUBJECTS

CFA covers subjects such as Fixed Income Securities, Equity, Portfolio Management, Derivatives, Professional Ethics and Case Studies, Financial Management, Financial Markets, Mutual and other Funds, Financial Statement Analysis, Financial Accounting and Economics in depth.

 

CAREER OPTIONS

There are varied career options you can choose from once you become a CFA. You can work in the finance dept. of a company or in the risk dept., you can also work as an equity analyst, investment manager, portfolio manager, forensic auditor, etc. Mutual fund houses, private equity houses and hedge funds also employ a lot of CFAs.

To get an unbiased and experienced opinion on this topic, watch this video below of Aswini Bajaj who is a trainer, global consultant in delivering lectures on finance and a public speaker.

ALL ABOUT CFA - ASWINI BAJAJ

 

 
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Hey Shidharth! I found a Blog which has all the Info about CFA  Course, CFA Career, CFA Salary In India or you can say in detailed info about CFA which you might wanna check out.

 
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