valas, how do u feel about ur first post?
Greenie, must respect for the honesty.
Like I said before (maybe in another thread), there aren’t any Charterholders or Level 3 Candidates who are arguing with me. The only people telling me that I’m a jerk and that I don’t know what I’m talking about are those who have yet to begin studying for Level 2.
I’ve read your other posts that include URGENT!!! and other totally horrible and offensive BS. Please Don’t call people sir when months ago you used the word “bro”. You just critized him for bragging while at the same time bragging. After meeting you I’m sure older people lose faith in an entire generation.
Greenman, I’ve been harping on you for a while so maybe I should tone it down. But from the sounds of it you believe it’s your job to ensure nobody goes through the same thing you did. Obviously you regret the charter, and many people do. But many people don’t, and it’s not really your position to tell everyone coming up that they need to avoid the mistakes you did.
Nobody here thinks the CFA is a golden ticket into a lucrative position. All those people haven’t bothered signing up for support forums like this. The people on these forums are not a representative sample of the population of candidates, because we care enough to seek support.
And the reason it’s mostly candidates who are arguing with you is because it’s candidates that you’re discouraging and downright depressing comments are geared towards. Honesty is good, but your comments aren’t so much honest as they are what you wish you could have told yourself 5 years ago. We aren’t you. We’re all having our own individual struggles, but you can’t take yours and just decide they apply to us.
There’s a possibility I will regret or resent the charter 5 years from now. But if I were to allow your overwhelmingly negative comments to alter my life course, I would absolutely regret it.
Just food for thought: I hope no one ever takes advice from you.
Greenie, you remind me of myself like 1-2 yrs ago. I had passed L3, have been on this forum for a while, seen a LOT of people rant and rave about failing CFA exams, ruining their lives, throwing away precious time, even people who Passed all the exams ranting about landing nothing and wasting their lives studying… I was telling people to really think about doing the program if it’s turning out to be a real difficult challenge.
People who really make an effort to pass L1 and still fail multiple times should give up. there’s no easier way to say it, because the opportunity costs down the road will be immensely painful, and the potential value of passing won’t be worth it. Passing L1, L2 or L3 does make automatically open any doors, it decorates your resume with a prettier frosting.
we’ve had our disagreements, but I’m with you. I’m a charterholder, and I approve this message.
PS I think it’s super rare for people like Palatir to feel L1 was tough, then plow through L2 and 3.
For people just wanting to get a taste of finance, that’s why the Claritas program was created.
You know there are people out there who simply want to challenge themselves. It doesn’t mean everyone in CFA wants to be a charterholder, or that they want to work in the finance industry.
I find it disconcerting that most candidates seem to be more concerned about earning the 3 letters rather than actually having the knowledge that comes with it. I’d rather be an expert without the fancy resume than just scrape by and get the charter without really knowing what I’m talking about.
Personally, I think that everything Greenman’s posted here is completely wrong: amongst the worst advice and analysis I’ve ever seen in this forum.
(Actually, I don’t. I just wanted there a post from someone who’s either a Charterholder or a Level III candidate who argues with him:
.)
S2000, as you teach for Schweser, I sense some conflict of interest !!!
Just kidding, you are awesome and one of the reasons why I stopped lurking this forum.
Props to Greenman though for bumping up this post every semester and going through the same angry reactions everytime.
@Energy finance:You are influenced by time period bias!!!You are assuming that people donot change.Like i said i used to “brag”,but now i have completely stopped it.
Greenman is senior to me and i have utmost respect for him.
I was not bragging at all.Look my post was meant for Greenman and i am sure he understood what i wanted to convey.If Green man doesnot have any problem with me calling him “sir”,i think you should shut up…
Not every college in the world requires you to have 5 years of working experience to enroll in a MBA course.In India many colleges (some of them best in the world like IIMs)do allow students to enroll in a MBA (2 year)course after graduation (with no piror work experiences).Yes you need atleast 5 years of experience to enroll in a 1 year MBA course which is called Executive MBA.This is a common practice among various B schools in some parts of Europe and most parts of South Asia.
Work experience is preferred and not a must even in America, where this trend of work experience started. However, some business schools explicity state that you need to have X years of work experience before applying.
However, your chances of getting into a top business school in America are practically zero if you don’t have any work experience.
If you want one of these tops MBA like Kellogg, you will need work experience.
Yummy yummy, nice figures:
http://rankings.ft.com/businessschoolrankings/kellogghong-kong-ust-business-school/emba-ranking-2013#emba-ranking-2013 416k$ per year ! Let me move to HK !!!
http://rankings.ft.com/businessschoolrankings/kelloggwhu-otto-beisheim-school
What is a credit note ?
The OPs message couldn’t be put better. I completely agree. Level I really is the admission exam. These exams are just as much about commitment as they are intelligence. If you didn’t pass because you didn’t study hard enough, really consider if you will be able to commit the time an effort to repeat level I and then level II and III. If you did put in the time and effort but still failed, well, may this just aint your thing. There’s more to life than these exams. Unfortunately when you’re doing them, they become your life.
Greenmans advice and posts have always sucked.
Agree. Greenman is the worst.
A couple of you appear to be on the wrong forum let me direct you to http://www.wallstreetoasis.com/ … especially you @rahul roy.