Why are people going for CAIA after passing CFA+FRM??

http://www.analystforum.com/comment/91468418#comment-91468418

Read my comments on this thread!!

I don’t give a damn whether you are scholar or academic or what ever!!! I am not going to brag about my research reports/practical projects that i have undertaken till now(i take more than 10 every month for my MBA ,but i never mentioned it since it was not needed).You know i purposely wrote few lines against you in my earlier post(since PAC structure of your mind seemed unstable to me).I was expecting a " out burst" and i got it.Maslow must create a new layer in his theories for people like you.Listen i donot know where you are located now and what has been your psychological build up,perhaps in your child hood dogs have influenced you !!!that is why you are behaving like this!!!

Listen i have never met you nor i ever intend to do so.It would be better if you mind your own work rather than barking uselessly every where.

Hope not to see you again on this post!!! i have better things to do…BYE TC

“memorizing those things and put it on a paper at a exam date.” CFA/FRM are about memorizing???Hello this is not “LAW” where you memorize sections!!!CFA/FRM are conceptual courses !!!you cannot pass by memorization!!!One of my Lawyer friend has failed CFAL1 twice .So please pass some levels of exams like CFA/FRM and then comment.Please ask charter holders about CFA/FRM curriculum,i can bet they will never advice you to memorize for exams!!!

Old thread but I figured I’d jump on it.

I’m an alphabet soup guy: CFA, FRM, CAIA

I also have a MS Fin and I am going back to schools to get a Masters in Econometrics.

In aggregate it looks like a lot and frankly insane, but the truth of the matter each designation and degree had its own distinct purpose. And honestly a test like the CAIA didn’t require me to study all that much. If it did perhaps I’d be singing a different tune.

What is important is the “why”. If someone did what I did just for the resume to help find a job, then I think they are insane. It is total overkill. Very early on you’ll realize experience and performance is what matters.

Here is my progression in order:

  1. MS Fin. Reason: I had a BA in an unrelated field and wanted to break into finance

  2. CFA. Reason: Frankly you need it to manage money, so this was obviously a no brainer. This and the MS Fin (they kind of went hand in hand) the key to get my first legitimate job managing money (started out as a basic analyst and now I’ve moved up quite a bit).

  3. FRM. Reason: This is where the shift occurs. I’ve always been interested in quant, risk, etc so I figured the FRM would 1) set me apart and 2) help me do my job better.

  4. CAIA. Reason: No other reason then I figured it isn’t a huge time commitment and it may help me do my job better

  5. MS Econometrics. Reason: Don’t really care about the diploma, this is 100% about learning and doing my current job better. My work is paying for it. This is about producing the best results for clients, which will be the best result for me professionally.

Point being is nothing replacing experience. If you doing all of this to get your foot in the door then it is total overkill.

Once your foot is in the door it is 100% about doing the best job you can do. That requires some form of CE to stay on top of things and learn new things. For me that was other designations and another degree.