Sunday, June 10, 2012

WHAT IS THERE FOR ME IN CFA

He completed his engineering from a reputed college in a city known for educational institutes. After completing engineering got a very good job in a typical IT firm, expert in outsourcing of the technical projects to India. Entered in to the corporate world just after graduation he got a very good chance of working in diverse fields as banking. specially starting from second job he got very good experience in \ analytics implementation for international banking. This gave him the view of huge money in the investment banking, just after completing his second onsite assignment he got a bug of entering in to investment banking domain as there was no future for him in the IT sector.
      Wherever there is  a wish there is path. He tried to enrol for an MBA but leaving the job for 2 years and studying so many ears in college was really difficult for him. So he decide to pursue some certification course which will open the doors of investment management industry for him.
                         And there came the enlightening when he read about CFA . It was easy option for him studying for CFA and passing 3 exams while at the work was not difficult for him. He was very studious in college and knew how to mug up things and pass on the exams. The only difficult part seemed financial jargon and totally different base than a typical maths during engineering.
                      So there was an easy way out of joining a class where these people would provide a training which enables a student to walk on a focused path which guarantees passing in the exams. It was acceptable if he was going to get a chance to enter the investment banking domain where the huge money was waiting for him.
             Now 4 years pass by an average period required to pass 3 levels of CFA exams, he has passed all exams in a single attempts except 1 st level which took second attempt due to finance being totally new area for him. Just after completing 3 levels he gets a shock that he is not eligible for getting CFA charter because his experience is not counted as related experience. When he tries to get a job on the basis of his level 3 pass status, companies ignore him as inexperience candidate. He strives hard makes an efforts and gets a analyst job in a KPO.
                   Now the reality start downing on him, CFA is not a golden key which opens the gates of treasure unlimited. But its just a next step for the people want to move ahead or freshers in the field. By changing the filed he has just destroyed the experience he gained in his previous job and turned to a new sector where he is as inexperienced as a novice. So do not look at the CFA a door opening to opportunities unlimited. Its just a learning ladder which enhances knowledge and competencies of incumbent professionals.

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