Hi everyone, i just wanted to know what everyone thought about these tests and whether it would be relevant for career development.I personally do not value these labels too much, but do managers really care about actually having that designation on your resume?Also, if it's valued in the industry, which exams with which industry? I am currently doing Risk Management work after completing my MSFM, but would eventually like to transition to a front office role. A lot of my peers have taken CFA level 2 and found it not too relevant. To the extent that it might increase my understanding of finance, I am not sure whether the tests themselves are worthwhile besides being a motivation to read through the material, and definitely don't feel like sitting through 3 of these, or however many there are for each one.Any thoughts would be greatly appreciated...

if u r not married, get CFA

QuoteOriginally posted by: jawabeanif u r not married, get CFAWHY?

QuoteOriginally posted by: JQuoteOriginally posted by: jawabeanif u r not married, get CFAWHY?Your marriage can be strained for 3 years.

cfa classes are a great way to meet your new wife or mistress!

QuoteOriginally posted by: AbhiJQuoteOriginally posted by: JQuoteOriginally posted by: jawabeanif u r not married, get CFAWHY?Your marriage can be strained for 3 years.a friend of mine used to joke that if you want to get divorced, start training for ultramarathons (it worked for him and several other guys in the running group).Same logic applied to the CFABut there are hot chicks in some classes

QuoteOriginally posted by: mirage007Hi everyone, i just wanted to know what everyone thought about these tests and whether it would be relevant for career development.I personally do not value these labels too much, but do managers really care about actually having that designation on your resume?Also, if it's valued in the industry, which exams with which industry? I am currently doing Risk Management work after completing my MSFM, but would eventually like to transition to a front office role. A lot of my peers have taken CFA level 2 and found it not too relevant. To the extent that it might increase my understanding of finance, I am not sure whether the tests themselves are worthwhile besides being a motivation to read through the material, and definitely don't feel like sitting through 3 of these, or however many there are for each one.Any thoughts would be greatly appreciated...A lot of things that you do in life are not directly relevant or atleast that appears to be the case.If you wanto to move into Investment Management roles, CFA should help you, you are on your own when it comes to networking.However Nothing beats a Top MBA.

QuoteOriginally posted by: financetrainBoth FRM and PRM are well recognized in the industry. PRM is comparatively simpler than FRM. If you are already doing risk management work, PRM will not be difficult.the logistics of PRM is simpler (the material is split into 4 exams, any number of which can be taken any day, as opposed to FRM which is offered as one big exam one day a year).The material covered by FRM and PRM is very similar (they used to use different books by the same author, Jorion, but the current PRM Handbook is multiauthor)

While we are on this..Cant recommend the FRM Handbook ..Im going with Schwezer notes (same for CFA); will retest this coming November & Dec (CFA Level I)..best wishes for myself!!..lol

QuoteOriginally posted by: Maelo will retest this coming November & Dec (CFA Level I)..best wishes for myself!!..lolretest sorry to hear that you missed out first time round

QuoteOriginally posted by: ppauperQuoteOriginally posted by: Maelo will retest this coming November & Dec (CFA Level I)..best wishes for myself!!..lolretest sorry to hear that you missed out first time roundhow can you fail FRM?i told you to take PRM. logistics are 21st century's, unlike ancient of taking exams in CFA or FRM's

QuoteOriginally posted by: jawabeanQuoteOriginally posted by: ppauperQuoteOriginally posted by: Maelo will retest this coming November & Dec (CFA Level I)..best wishes for myself!!..lolretest sorry to hear that you missed out first time roundhow can you fail FRM?i told you to take PRM. logistics are 21st century's, unlike ancient of taking exams in CFA or FRM'sI got really nervous for some unknown reason in the morning session. Practice questions were a lot easier (I mean, from just reading them ..you could actually jump to solve) than the test questions...so I was overconfident, until the test started and I went blank...in a rampage of ire and "violence" (lol)...I didnt even showed up to the CFA Level I. This experience is shared for what it is worth; both tests looked trickery simple...I suggest to study like real tests (the fact you are very familiar with the material helps tricks you into believing you really dont need to study; the questions are trickier than they looked!!)

QuoteOriginally posted by: MaeloI didnt even showed up to the CFA Level I. unless it's out of town & you have to spring for a hotel, or you've got something better to do that day (sitting in front of the TV in your shorts drinking cheap beer doesn't count) you had nothing to lose by showing up -- you'd already paid to be there and L1 is all multiple choice. Tick random boxes if you have to

QuoteOriginally posted by: ppauperQuoteOriginally posted by: MaeloI didnt even showed up to the CFA Level I. unless it's out of town & you have to spring for a hotel, or you've got something better to do that day (sitting in front of the TV in your shorts drinking cheap beer doesn't count) you had nothing to lose by showing up -- you'd already paid to be there and L1 is all multiple choice. Tick random boxes if you have toYou got a point.