Wednesday, August 26, 2009

how to choose which financial qualifications to take?

I am experess my personal views, what i observe, not base on any facts so pls judge for yourself

CFP vs CFA?
Difficulty: The CFP is 1/3 the breath of CFA lvl one and half the difficulty. A lot of people told me CFP is way easier than what I said but I simply only look via the materials I have no really do CFP yet so I am not in a position to comment.

Who is it for:
CFP
Bank direct sales, non insitutional traders
Wealth manager who managed clients with investments less than 50k USD and port less than 500k usd
Non mangerial or Junior managerial position (Analyst and exectutive)

CFA
Portfolio, investment managers, high networth and insituational traders, asset manager
managed clients with investment more than 100k and more than 1M in port networth
middle and senior managerial position (Associate and above)
If you deal mainly insitutional base, like investment manager for a fund, financial controller, product controller, trust manager etc

recon: CFP seem reconize by a lot of bank clients, ie those individual that buy banking products. CFA is mostly reconize by insitutional investors, banks, FI and governments, most layman on the street do not know much about the CFA qualification. So if you deal with clients that are not insitutional it is very advantagous that you hold CFP.

CFA vs CAIA
one is for traditional investments the other is for alternative so no comparision here.
CAIA is about 50% easier than CFA.

CFA vs FRM and PRM
again the latters are for risk manager

CFA vs MBA
I do not have the stats but often it was the street knowledge that unless your MBA is from the top 35 schools in the world (not in order: Harvard, Yale, HEC, LBS, CEIBS, Stanford, Kellogs, Judge, IE, ...) it is unlikely that you would gain more recon and pay rise than holding CFA chartered. I assume the experiecne is the same and that the job are CFA qualified job.
Then again it differs from company to company. To be honest they both are different so it is very hard to compare them. If you can afford do both.

Tuesday, August 25, 2009

This blog would be discontinue tempory

I recently receive a pass in the CFA level 2 exams. The news was so wonderful I am still overfilled with joy one week after the release of the result.

Again I like to restate that this blog is not meant for the general public, it is meant for potential employers and other CFA/CAIA/FRM candiates. Please note I would only reply to potential employers, please email me using your company's email.

Since I am busy with work and studying both the CAIA and FRM exam I would have no time to update the blog. The blog would be discontinued until further notice.

Emails from employers (Banks and FI only) are welcome. No personal selling or telemarketing please. Ideally I am looking for CFA/FRM qualified job experience. You can reach me ngyaomin@ymail.com

I may be back in Dec after the FRM exams.