CFA Program some MYTH busting- Part II

We spoke about few of the myths surrounding the CFA examination yesterday, lets move to next few myths which needs to be busted before the exam. People say CFA is the door to investment management industry, I have seen manyguys asking questions such as how much salary will I get if I pass level exam or can I apply for Fund manager job after completing the Level I. these kind of questions show navie behaviour of students turning to CFA. CFA is not a magic wand which will turn everything gold in one stroke. Its a regourous four years journey to be undertaken who knows the destination well. Do not jump in to the bandwagon without really understanding what CFA can do for you. One thing is it cannot make you red if you do not know how to read. So if a person do not have the relevent expeience in iinvestment management related field he would not get a chance to anage a fund just after completing all levels of CFA.
                 CFA can never know even if you break one or two standards in CFA standards of ethics. This is one of the biggest of myths. Visit the link http://www.cfainstitute.org/ethics/conduct/Pages/candidate_sanctions.aspx         and read yourself why not to take CFA head on. Those standards are made to follow and they there for some reason. People consider themselves hero by violating the rules and not getting caught. SO if some one is trying to coast you in to violate the standards just ignore him. Do not discuss or collate exam questions and other details after the exam.