MBA v CFA
- The lines “I’m a viper in a boardroom and a tiger in the sack,” “A piss is the only thing I’ll take sitting down,” and “You say babies are for girls, business is for boys, try telling that to my stay-at-home f*cktoy”
- The starring “bitch” cracking an actual whip
- A bunch of CBS dudes washing a car shirtless, save for red pleather (?) vests
- The aforementioned dudes pawing at each other in an inflatable pool while CBS women smoke cigars and throw cash at them
- What appears to be extremely high production value (and possible use of a green screen)!
Is Duke’s Fuqua School of Business the best business school in the country? According to BusinessWeek, which has jumped on the ranking of MBA programs bandwagon, yes. Obviously, many of you are going to have thoughts about this as well as other things on the list that may have touched a nerve (perceived slights like finding out your alma mater is not in the top ten or making the top three but having to suffer the indignity of an inferior institution being too close for comfort). We’re listening.
20. University of Virginia, Darden School of Business
19. University of California, Berkeley, Haas School of Business
18. Emory University, Goizueta Business School
17. University of Maryland, Smith School of Business
16. Indiana University, Kelley School of Business
15. Dartmouth College, Tuck School of Business
14. Massachusetts Institute of Technology, Sloan School of Management
13. Cornell University, Johnson Graduate School of Management
12. University of North Carolina, Chapel Hill, Kenan-Flagler Business School
11. University of California, Los Angeles, Anderson School of Management
Read more »
To be sure, it shattered a lot of dreams. Dreams whose seeds were planted, for some, as far back as the early nineties, when the Institute was formed. On visits to the hallowed halls of CFA headquarters. In conference rooms, where colleagues discussed the merits of MBA versus CFA. Upon receiving an email from a friend who’d just updated his signature to include those three little letters and a note to “please see my updated credentials,” when the urge to vomit was strong, but was no match for the realization, “I want that.”
On a Saturday in June, men and women around took a couple of tests. They were the Level I and II of the CFA and while outsiders, family members, MBA grads and the like would never understand how much these exams meant, test-takers knew all too well. Hundreds of hours of studying. Thousands of dollars in test prep books and classes. Social lives sacrificed. Memorial Day weekends uncelebrated. Relationships with neighbors on the receiving end of multiple requests to “Shut the hell up in there I’m trying to study!” more than a little be strained. Episodes of Ladies of London never watched. The downside would be that it was all for nothing. The up? The thrill of one day putting those three little letters next to their name.
The ensuing weeks have undoubtedly been torture. Going over the answers in one’s mind and then going over them again. Comparing notes with a friend only to find you put down the exact opposite, comforting yourself with the knowledge that this guy is the dumbest person you know, only to wake up in a cold sweat with the terrifying thought that he might be an idiot savant whose brilliance lies in taking standardized tests about asset valuation, financial reporting and analysis, and portfolio management techniques.
So while today, and the days leading up, have been full of nerves, it also brings sweet relief. No more second-guessing. No more excusing yourself during conference calls to go throw up. No more alienating your friends by trying and failing to explain to them the concept of CFA Camp.
Tomorrow at 9AM EST, lives will be forever altered. Some for the good, some for the bad. The former will learn that they passed the Level I or II CFA exam given in June; their prize will be the opportunity to buy more books and spend hundreds more hours studying for the next test in the series. The latter will forced to look within and ask some hard questions, like, “Where did I go wrong?” “Should I try again?” and “Maybe I’m not CFA material?” Read more »
Harvard and Kellogg MBAs (well, four of them, anyway) love to make a few million by day and catch some college hoops/eat beef sandwiches together by night. Penn State, Princeton, UT and USC alums, too. For Whartonites, two years at West Philadelphia’s College of Capitalism were more than enough time in each other’s company. Read more »
Passing Series Of Exams More Difficult Than Two Years Of Boozing With Your Fellow MBA-Candidates: GuyBy Bess Levin
…some argue that students who have completed all three levels and won the right to put the three letters CFA after their names and be called a chartered financial analyst have an advantage over those with an MBA. “I think there might be a crossing point soon – I think the CFA in the financial industry might soon eclipse the MBA,” says Mark Shackleton, professor of finance and associate dean of postgraduate studies at Lancaster University Management School…While it can be very difficult to get into a top-flight MBA programme, once accepted, students can be confident they will finish. “If people sign up for an MBA qualification, there’s an expectation that they are going to get through or be helped through,” says Prof Shackleton. [FT]