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QFA- Entry Route Banking Qualifications- Can they lead anywhere?

  • 13-10-2007 2:25pm
    #1
    Glacier
    Closed Accounts Posts: 647 ✭✭✭


    Has anyone ever gone into entry level bank position, gotten a QFA, which I understand is now mandatory? Can you really go anywhere with these? Anyone know?


Comments

  • #2
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    You are correct in saying that a QFA is mandatory and from now on will be the basic requirement for people who offer financial advice etc. Others will qualify under grandfathering rules. But newbies like myself will have to go down the OFA route. If you want to progress at a higher level, you're going to need one. Having a QFA will open lots of doors for you and the great thing is that it's recognised across all the banks. Any of the people I know have QFA's and are doing well.


  • #3
    Dudess
    Closed Accounts Posts: 37,214 ✭✭✭✭Dudess


    Don't hold your breath for the OP to respond or thank you. Given their record, this thread will just fade away into the ether.


  • #4
    Glacier
    Closed Accounts Posts: 647 ✭✭✭Glacier


    I just thanked her. Has anyone done these & gotten anywhere?


  • #5
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Easy easy folks. I'm male BTW :D


  • #6
    Pythia
    Registered Users, Registered Users 2 Posts: 7,469 ✭✭✭Pythia


    Dudess wrote: »
    Don't hold your breath for the OP to respond or thank you. Given their record, this thread will just fade away into the ether.


    Ooh! Someone's touchy.


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  • #7
    Dudess
    Closed Accounts Posts: 37,214 ✭✭✭✭Dudess


    Not really. It's just been the case so far. Sorry OP, but you're posting thread after thread for advice and you just do not seem to be taking any of it on board.


  • #8
    dazberry
    Registered Users, Registered Users 2 Posts: 2,152 ✭✭✭dazberry


    I've had to do a foundation certificate in consumer credit - and have a quota to meet as part of the CPD. Since its mandatory - its just there to try and ensure a certain level of competence, on the other hand if most everyone has it - well your bettering having than not.

    Personally I wasn't best pleased at having to do it - being a software engineer working in a finance company - it was a blanket decision by the company to put everyone through, especially as I was in the middle of the MCPD courseware at the time - but its another line on my CV so I can't complain.

    Anything I've done so far hasn't been particular hard, I did the CPD on financial Maths today and it was pretty basic.

    D.


  • #9
    [Jackass]
    Closed Accounts Posts: 9,193 ✭✭✭[Jackass]


    Yeah doing the QFA's at the moment...they're not extremely tough, a few hours study ought to cover you, but most people DONT have to have the full QFA qualification unless giving financial advice as a profession, but nobody hires people for those postions at this stage unless they already have it. If you work in consumer/corporate finance as far as I know all you need is the cert in consumer credit and if you work in mortgages you just need the cert in mortgage practice etc. .... but of course it's a handy thing to have as you are fully qualified to give financial advice and meet the CPD criteria to work in any area of the financial sector.


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