SIM-UOL degree + CFA?

[rikki531]

Hi all I am currently considering taking a SIM-UOL degree in banking and finance after I ORD. I am also considering pursuing the CFA(kaplan) cert after i finish the degree. I have a few questions and would like some opinions.

1) Is the CFA cert recognised? for example for accounting there is the ACCA cert which is quite recognised if i am not wrong.

2) Is the CFA cert complementary to my banking and finance degree?

3) Would i be able to secure a decent job if i have both the degree and the cfa cert?


Thanks and much appreciated for replies in advance!!!

 

[Mathemagician]

Hi all I am currently considering taking a SIM-UOL degree in banking and finance after I ORD. I am also considering pursuing the CFA(kaplan) cert after i finish the degree. I have a few questions and would like some opinions.

1) Is the CFA cert recognised? for example for accounting there is the ACCA cert which is quite recognised if i am not wrong.

2) Is the CFA cert complementary to my banking and finance degree?

3) Would i be able to secure a decent job if i have both the degree and the cfa cert?


Thanks and much appreciated for replies in advance!!!

It is interesting that people nowadays want to get a certification that they themselves dont even know what it is for. The answers to your questions can be found using google search. I might sound a bit harsh, but if you expect people to spoonfeed you, you will not get far in the UOL programme...

 

[mistersatki_]

lol even in elsewhere the spoonfeed theory applies.
dont expect anyone to give a fug about u if u wanna be spoonfed

 

[godbowen]

Just wonder is UOL degree reached the entry requirement for CFA, if I don't recall wrongly it minimum a master.

 

[ahbang5553]

Cfa dunnit masters la... Degree enuff... But for charter will need relevant work exp

But for ts... Finish ur degree then say la... U looking too far ahead ...

 

[icedpuri]

It's like ACCA in that there are levels. if you attain the certification, I heard you can get at least 4-5k as an financial analyst. But it's also tougher.


If you want a school styled education, you can consider UniSIM's Bsc Finance degree. It will cover level 1 and 2 of the CFA along with other modules. So even if you eventually give up on taking CFA, you at least have a degree to fall back to.

It requires you to:

Have four years (48 months) of qualified work experience (or a combination of education and work experience acceptable by the CFA Institute) - So UniSIM's Finance degree qualifies and even doubles as a combination.

 

[ahbang5553]

For clarification and don't want people to mislead others, work experience is defined below by the cfa institute

Work Experience When you apply for CFA membership, you enter your work experience descriptions as part of your application.
Your work experience determines your eligibility for membership and impacts whether you are recommended for affiliate membership or regular membership.
To be recommended for regular membership you must have completed four years (48 months) of qualifying work experience in activities that consist to a majority extent of:

• Evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process involving securities or similar investments, which includes, but is not limited to, publicly traded and privately placed stocks, bonds, and mortgages and their derivatives; commodity-based derivatives and mutual funds; and other investment assets, such as real estate and commodities, if these other investment assets are held as part of a diversified, securities-oriented investment portfolio; or
• Supervising, directly or indirectly, persons who practice such activities; or
• Teaching such activities.

If you have not accrued 48 months of qualifying work experience, you may still apply for membership and will be considered for affiliate membership status.
Entering your work experience as part of your application:

• Job titles are not sufficient; you must include specific details about your job responsibilities.
• Once you submit your application, you cannot subsequently update the work experience attached to that application.
• Subsequent changes to your work experience will only be considered when you withdraw your application and then reapply with the updated information.

Work experience accrual criteria:

• May be accrued while you're in the CFA Program, after you've passed all three exam levels, or in previous positions.
• At least 50 percent of your work experience must be:
  • Directly involved in the investment decision-making process
  • Engaged in responsibilities and/or producing a work product that informs or adds value to that process
• Part-time positions do not qualify.
• Managing your own investments does not qualify.

 

[geeokleiv]

Career Switch through CFA

Hey people,

I am currently working in a commodities trading firm in the accounting department, as an accountant, for 2+ years.

I am planning to take up CFA as an option to switch to front office, particularly in investment and commodities trading. I graduated from SIM-UOL econs and cleared all ACCA exams last year.

Can anyone give me honest feedbacks whether such switch is possible with CFA and what other things i need for this switch?

Thanks alot people.

 

[GunzerX]

Hey people,

I am currently working in a commodities trading firm in the accounting department, as an accountant, for 2+ years.

I am planning to take up CFA as an option to switch to front office, particularly in investment and commodities trading. I graduated from SIM-UOL econs and cleared all ACCA exams last year.

Can anyone give me honest feedbacks whether such switch is possible with CFA and what other things i need for this switch?

Thanks alot people.

I think basically to be in commodities trading.....you already qualified to be one in your company. Your company probably just sent you to get some certificate training in trading I assume that is accredited by Monetary of Singapore. For traders, you need some capital or financial advisor license from MAS i guess?

More info can be found here: Financial Services License in Singapore | MAS License Singapore | Fund Management, Financial Advisor

CFA is just an additional qualification for you to be a portfolio management or investment field.

 

[geeokleiv]

I think basically to be in commodities trading.....you already qualified to be one in your company. Your company probably just sent you to get some certificate training in trading I assume that is accredited by Monetary of Singapore. For traders, you need some capital or financial advisor license from MAS i guess?

More info can be found here: Financial Services License in Singapore | MAS License Singapore | Fund Management, Financial Advisor

CFA is just an additional qualification for you to be a portfolio management or investment field.

Thanks for your opinion GunzerX, but i don see much opportunity moving within the company to the front office, simply because it is too competitive. Do you think with my current experience and continue my current experience will get me anywhere after obtaining CFA lvl 3?