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CFA Exams

  • 22-08-2007 6:23pm
    #1
    Closed Accounts Posts: 880 ✭✭✭


    I'm shortly going to register for level I of the CFA exams. Anyone else tried these, any advice if this is the case ?

    I'm exempt from 9 of the ACCA exams with only options and finals to do, however I think the CFA's are more appropriate and applicable to the industry I work in (Funds).

    Thanks.

    Eggie.


Comments

  • Closed Accounts Posts: 5,943 ✭✭✭smcgiff


    I'm an ACCA, so not a bit biased. :rolleyes:

    Two questions come to mind...

    Have you ever seen a funds job ad that only asked for CFA's to apply?

    Are you only EVER going to work in funds?

    If the answer is yes to the two questions above then the CFA qual looks attractive.

    However, not having had much to do with funds I know very little about the CFA qualification (Going to look it up now).

    Personally, I'd be very slow to limit myself, likewise I would not take the tax exams ahead of accountancy exams. With that said, getting a specialist qualification can be very rewarding if you're sure you want to work in a particular industry. I'm sure there must be SOME happy tax specialists out there! :D

    EDIT: Geez, all you have to do is pass two multiple choice exams. One with 100 questions and the second 80 questions. No problem! ;-)


  • Closed Accounts Posts: 21 mckers


    Eggie, it really depends on what type of area in funds you are working in. If it is fund accountancy...then do ACCA. If you are at the cutting edge of funds, then CFA hands down. It will look fantastic on your CV and you will help you to earn mulitples what an ACCA would earn.


  • Closed Accounts Posts: 880 ✭✭✭eggie


    mckers wrote:
    Eggie, it really depends on what type of area in funds you are working in. If it is fund accountancy...then do ACCA. If you are at the cutting edge of funds, then CFA hands down. It will look fantastic on your CV and you will help you to earn mulitples what an ACCA would earn.

    I'm currently in fund accountancy, but in the future I will be looking to move towards front office/valuations side of things. This is where I think the CFA will excel over ACCA and reap the greater reward long term.


  • Closed Accounts Posts: 2,290 ✭✭✭ircoha


    eggie wrote:
    I'm currently in fund accountancy, but in the future I will be looking to move towards front office/valuations side of things. This is where I think the CFA will excel over ACCA and reap the greater reward long term.

    As an FCA, so well removed from the current syllabus for any accountany exams, I find it curious that the import of this thread is that the CFA/ACCA are so different from a fund accounting perspective.

    Anyone like to pen a line or two to explain
    Eggie, it really depends on what type of area in funds you are working in. If it is fund accountancy...then do ACCA. If you are at the cutting edge of funds, then CFA hands down. It will look fantastic on your CV and you will help you to earn mulitples what an ACCA would earn.
    Thanks


  • Closed Accounts Posts: 880 ✭✭✭eggie


    From a valuations/front office/ analysis perspective is the angle I am looking from, not from only fund accoutning. I think CFA is more applicable to the industry as a whole but especially so in the front line trading and analysis, which is where I wish to move to in the future.


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