• 10 Nov 2009 at 4:15 PM

Reader Poll: CFA

The ad people who run this asylum would like you to please answer this quick and painful question.

42 comments (hidden to protect delicate sensibilities)
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Comments (42)

  1. Posted by guest | November 10, 2009 at 5:43 PM

    CFA vs MBA…….and go

  2. Posted by guest | November 10, 2009 at 6:14 PM

    Someone needs to come up with a better program than the CFA. More difficult and less horribly, embarrassingly requiring people to regurgitate discredited theories.

  3. Posted by Alexey Veyner | November 10, 2009 at 6:18 PM

    It should read “HAVE it” and “Don’t HAVE it, and not planning on it.”
    -Chartered Blog Analyst*
    *Anticipated 2011

  4. Posted by guest | November 10, 2009 at 6:19 PM

    Chartered Financial ANAL-yst? Yeah I have the CFA Charter. Its worth dogshit…

  5. Posted by guest | November 10, 2009 at 6:34 PM

    I love resumes that say “Level I CFA Candidate”

  6. Posted by guest | November 10, 2009 at 7:17 PM

    #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.

  7. Posted by guest | November 10, 2009 at 7:40 PM

    @6: how did the efficient market hypothesis work out for you last year? I remember that it was something like 20% of Lvl I.
    -not 4

  8. Posted by guest | November 10, 2009 at 7:40 PM

    #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

  9. Posted by MBA & CFA | November 10, 2009 at 8:12 PM

    @4 – it’s worth more than a piece of $hit MBA

  10. Posted by guest | November 10, 2009 at 8:22 PM

    CFA is a function of time. MBA is a function of money. Both are useless.

  11. Posted by guest | November 10, 2009 at 8:22 PM

    CFA is a function of time. MBA is a function of money. Both are useless.

  12. Posted by guest | November 10, 2009 at 8:44 PM

    @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.

  13. Posted by guest | November 10, 2009 at 9:22 PM

    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.
    Ameriprise FA

  14. Posted by # 4 again | November 10, 2009 at 9:26 PM

    @ # 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.
    Sincerely,
    The cynic

  15. Posted by guest | November 10, 2009 at 9:36 PM

    @14 and all CFA’s
    CFA = Certified Fucking Assholes

  16. Posted by # 4 again | November 10, 2009 at 9:39 PM

    agreed

  17. Posted by CFAchangedmylife | November 10, 2009 at 9:50 PM

    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.

  18. Posted by CFAchangedmylife | November 10, 2009 at 9:51 PM

    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.

  19. Posted by guest | November 10, 2009 at 9:53 PM

    @12 you misspelled “should.”

  20. Posted by guest | November 11, 2009 at 1:33 AM

    @19, good catch.

  21. Posted by Nassim Taleb | November 11, 2009 at 4:39 AM

    I piss on CFAs, Infact I piss on all of you.

  22. Posted by guest | November 11, 2009 at 5:45 AM

    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

  23. Posted by The Margin Clerk | November 11, 2009 at 6:55 AM

    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.

  24. Posted by guest | November 11, 2009 at 7:16 AM

    @ 22. That is assuming you want to be a quant or a TA.

  25. Posted by guest | November 11, 2009 at 8:44 AM

    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)

  26. Posted by Anal_yst | November 11, 2009 at 8:51 AM

    @24
    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.

  27. Posted by guest | November 11, 2009 at 9:16 AM

    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.

  28. Posted by guest | November 11, 2009 at 9:44 AM

    @27 — clearly you are an MBA moron

  29. Posted by guest | November 11, 2009 at 9:47 AM

    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.

  30. Posted by guest | November 11, 2009 at 12:24 PM

    Guest@#25…
    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.
    Guest@#27…
    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

  31. Posted by guest | November 11, 2009 at 12:28 PM

    @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.

  32. Posted by guest | November 11, 2009 at 12:39 PM

    @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.
    Ameriprise FA

  33. Posted by guest | November 11, 2009 at 1:07 PM

    @31 CFA is about as useful as the ability to write in cursive.
    Passed CFA and cursive writing.

  34. Posted by guest | November 11, 2009 at 1:14 PM

    On Dictionary.com there is a picture of TGFD next to the word BLOVIATE. Hurry before they change it with 31′s picture.

  35. Posted by guest | November 11, 2009 at 1:38 PM

    Guest@#34…
    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

  36. Posted by guest | November 11, 2009 at 1:46 PM

    @TGFD True and some of us are better “bloviaters” than others, but you are a fucking Grand Master.

  37. Posted by guest | November 11, 2009 at 2:09 PM

    MBA = drinking with middle aged, fat, low level corporate douchebags who think they are hot shit. 99% are useless.

  38. Posted by guest | November 11, 2009 at 2:11 PM

    TGFD = FAG

  39. Posted by guest | November 11, 2009 at 2:37 PM

    Guest@#38…
    38=Shitheel.
    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”

  40. Posted by MBA-Dooosh | November 11, 2009 at 3:18 PM

    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.

  41. Posted by guest | November 11, 2009 at 4:19 PM

    TGFD = working today, loser!

  42. Posted by MBA & CFA | November 10, 2009 at 8:12 PM

    @4 – it’s worth more than a piece of $hit MBA