This discussion is now closed.

Check out other Related discussions

Cfa & Cima

My work is sponsoring me to study Cima but I also want to study the CFA... is it possible to manage full time banking career, study cima.. and also study cfa in own private time....any thought welcome.. thank you

no, probably not.

Yes you can. Anything is possible. You will have to give up your weekends and friday nights watching Jonathan Ross

Reply 3

rboogie

7

no, you can't. CFA and banking itself lends a 40% pass rate, and add the CIMA? that's much less than likely.

Reply 4

PortfolioManager

7

Study at the last minute. Its possible, with sleepless nights....take some time off work...work on weekends. Obviously with IBD it would be impossible but if you are in Markets it is.

haha, great advice.

you can do anything baby. the sky's the limit.

Reply 7

Barny

17

I think you need to be realistic. I can tell you, working 10-12 hours a day and studying for my recent ACCA exams was hard enough, to study CFA or something similar ontop of that would be bloody difficult. Its all about how much you're willing to sacrifice. If you don't want a life for x number of years then go for it.

Reply 8

fblade

14

PortfolioManager

Study at the last minute. Its possible, with sleepless nights....take some time off work...work on weekends. Obviously with IBD it would be impossible but if you are in Markets it is.

No one is as godlike as you are man.

Reply 9

Kuni144

OP

basically i am scared that studying the cima will diverge my career away from front office... is this true and what steps can i take to ensure that i remain empolyable in front office considering im 21 just starting a grad role at a tier 1 investment bank.

Reply 10

rboogie

7

why are they making you do the CIMA? Tell them the CFA is more useful. What part of the bank are you in?

Reply 11

TheAP

9

rboogie

why are they making you do the CIMA? Tell them the CFA is more useful. What part of the bank are you in?

I'd bet he is in the Finance Division.

No front office tier 1 bank would make their grads to CIMA, which is the management accounting qualification.

Reply 12

supernova2

11

Wiseguy did it all, whilst winning an olympic gold medal in the 100m sprint.

Reply 13

Drogue

19

Maybe it's just me, but having a look at the CFA practice papers and such online, it seems pretty easy for people who've already studied economics and finance. I mean, sure, if you haven't spent 3 years full-time studying it already, it's quite a lot of do. But I couldn't find anything in the "investment tools" part I couldn't do, and I could do quite a bit of the asset classes and portfolio management. Sure, there's the ethics and law and quite a bit of the level three I haven't done, but levels 1 and 2 seem the sort of things that, with a degree in economics and finance, it would be mostly revision. Have I missed something? Or is the 250 hours per level more for people with unrelated degrees?

Reply 14

rboogie

7

Drogue

Maybe it's just me, but having a look at the CFA practice papers and such online, it seems pretty easy for people who've already studied economics and finance. I mean, sure, if you haven't spent 3 years full-time studying it already, it's quite a lot of do. But I couldn't find anything in the "investment tools" part I couldn't do, and I could do quite a bit of the asset classes and portfolio management. Sure, there's the ethics and law and quite a bit of the level three I haven't done, but levels 1 and 2 seem the sort of things that, with a degree in economics and finance, it would be mostly revision. Have I missed something? Or is the 250 hours per level more for people with unrelated degrees?

It's not the material, it's the volume - it's 5 fat books that you need to know.

Reply 15

rboogie

7

I just passed level one. Spent about 300 hours studying. This year the pass rate was 39%

Reply 16

aldsz87

1

Isn't the pass mark for all of the CFA exams 75%. Plus there are a total of 24 exams, and it'll require a minimum of 3 years to clear all the papers and the pass rate is quite low as well. Also the level of difficulty of CFA is higher than that of CIMA and even ACA and ACCA. It would be like near impossible to be working, doing CIMA and CFA at the same time. If you're more keen on doing CFA why don't you just ask your employer to sponsor CFA instead of CIMA.

Reply 17

rboogie

7

no, the pass rate for level one this year was 39%. If you get that far, the pass rate for level two is 40%. And if you're there, the final level has a 50% pass rate.

Not to mention you can only write the level two and three exams once a year.

Reply 18

aldsz87

1

no I didn't mean the pass rate, the passing mark is what I meant, isn't it 75%?

Reply 19

rboogie

7

it's about 70% to pass.

Cfa & Cima

Related discussions

Articles for you