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CFA vs MBA…….and go
Someone needs to come up with a better program than the CFA. More difficult and less horribly, embarrassingly requiring people to regurgitate discredited theories.
It should read “HAVE it” and “Don’t HAVE it, and not planning on it.”
-Chartered Blog Analyst*
Chartered Financial ANAL-yst? Yeah I have the CFA Charter. Its worth dogshit…
I love resumes that say “Level I CFA Candidate”
#4 that’s funny, I needed a solid laugh today. The only person to ever utter “the CFA is not worth it” are the masses of knuckleheads that went to top tier schools with top tier ego’s that got their asses handed to them on any one of the CFA exams.
@6: how did the efficient market hypothesis work out for you last year? I remember that it was something like 20% of Lvl I.
#2 discredited theories such as basic accounting rules? CFA is probably worth the time/money but unlike an MBA it won’t get you a job
@4 – it’s worth more than a piece of $hit MBA
CFA is a function of time. MBA is a function of money. Both are useless.
@9. I have both, and you are correct. Fortunately my company paid for both. But MBA is truly absurd; forking out $100k to learn that you shldn’t shout at your secretary, and ‘network’ with a bunch of clowns. Painful.
Ya’ll ain’t shit. I’ve got an AA from St. Petersburg J.C. (Jim Morrison is an alum, for real), and my Life, Health, Variable Annuity license.
@ # 6. I actually did the CFA route (I am a charterholder). And I did it prior to the MBA route. Both programs have their fair share of knuckleheads.
I’m at a top 20 program – so basically I am paying over 100K for a piece of paper that costs $5 to print.
@14 and all CFA’s
CFA = Certified Fucking Assholes
The CFA changed my life. I registered and put down CFA level 1 candidate on my resume. This helped get me an FX sales job. I now make around 800k a year, by pipping customers of the bank I work for, “oh dear, slippage is such a terrible thing!”.
I never bothered opening any of the books or turning up for the exams, but I would still recommend becoming a level 1 candidate.
@12 you misspelled “should.”
@19, good catch.
I piss on CFAs, Infact I piss on all of you.
Instead of wasting your life studying something fluffy and moronic as MBA or CFA -something I expect from my clerk so that I can have a decent enough conversation with him.
If you want to spend 2 years studying, get a master in finance adn economics and another in maths and statistics combined. these course teach you more usable skills in combination with each other and you are more productive that a MBA or CFA
Anybody arguing that the CFA is hard must be kidding themselves. The CFA is total waste of time, nobody can argue that. You learn nothing about being a good analyst, just make sure you memorize Durbin Watson. It is a complete joke.
The MBA is a waste of both time and money but at least you come away from it with some connections as well having entered a new recruiting pool. The CFA doesn’t even have that going for it.
@ 22. That is assuming you want to be a quant or a TA.
What, do “the ad people who run this asylum” think they will get from this survey?
After significant testing, we discovered that CFA holders are more likely to post the following words on blogs:
“AIG Quant, Ass, Blanus, Doosh, Duche, D-bag, Jeffries Quant, Pound, Secretary, STFU, The Guy From Delaware”
Wow. That is going to sell a lot of microwaves this christmas.
– Not an MBA, not a CFA
(But, I do okay)
Not true, Masters in Finance is the core finance curriculum from an MBA without all the fluff and “soft skill” bullsh*t. Also, its easier to teach Finance/Accounting to a Math major than to a Management or whatever major (ceteris paribus), doesn’t have to just be quant finance.
Master’s in Finance is like a Master’s in Math or Eng. or Physics without the the math, engineering or physics! Just memorize Hull and you’ll be OK. Basically you pay $80K to read a book that costs $75.
@27 — clearly you are an MBA moron
In addition to the “Don’t got it and not planning on it” answer, there should be a “Don’t got it and not retaking level one” answer.
TGFD responded with the “Don’t got it and not planning on it” answer. I doubt if my participation skewed the results, and thanks for shouting-out my name.
Armed with my degrees in Mechanical Engineering and in the Liberal Arts, and my memberships in two national collegiate academic honor societies, TGFD has developed a pretty good mind for “commission engineering”. I’ve been doing it for over 35 years, though not in finance.
Tell me more about this “Hull” book. TGFD is pretty good at memorizing things too.
The Guy from Delaware
@6 here again. Why don’t all of you knuckleheads just prove how smart you are and just complete the CFA. Any level of education is not a waste of time, and the return on investment completing the CFA is huge.
The most intelligent, well rounded guys I know banged it out L1, L2, L3. Some it takes 4+ years but all the knuckleheads with attitudes don’t have the stuff to step up like a man and get it done.
@31 You pompus ass, I’ll have you know that it took me only 3 years (summer classes included) to get my A.A. at St. Petersburg Junior College. Just got my series 6 too jerkoff.
@31 CFA is about as useful as the ability to write in cursive.
Passed CFA and cursive writing.
On Dictionary.com there is a picture of TGFD next to the word BLOVIATE. Hurry before they change it with 31’s picture.
There’s usually plenty of “bloviating” going on around here. Haven’t you noticed?
And what about that “Hull” book? Know anything about it? DB is supposed to be educational too.
The Guy from Delaware
@TGFD True and some of us are better “bloviaters” than others, but you are a fucking Grand Master.
MBA = drinking with middle aged, fat, low level corporate douchebags who think they are hot shit. 99% are useless.
TGFD = FAG
Damn, I like that word “shitheel”. Who in hell came up with that one, anyway? Deserves a bonus.
The Guy from Delaware
“Grand Master Bloviator”
Got the MBA at 27. Great for golf, poker, reversing the mistake of going to a Northeast school undergrad, hitting on coeds, sleeping in, and drinking 4-5 nights per week.
Book-learnin’ = none.
Networkin’ = none.
Douchenozzles = many.
I considered it an $80K cover charge to switch fields, get recruited, and start a job that paid decent coin. In that regard, it was a success. All other reasons are noise.
TGFD = working today, loser!