Financial studies question: CFA vs MCom

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Polk

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Hi guys,

I'm having difficulty in deciding on whether to start CFA or register for an MCom this coming month. For those in the industry please would you pass on your comments.

I'm leaning towards the MCom in Fin Man and then possibly doing the CFA later on, I think there is more a chance of me completing CFA after M than the other way round.

Am I being foolish in wanting to do an M? Does it mean something out there?

Thank you!
 
A Masters is never a foolish idea.

And you're right, doing an M now would be easier than later on.

The question you should be asking yourself is: What do you want? Do you want both ... in which case do the M first.

If you just want one ... do the CFA ... but then again, a M is a M and that's not to be sneezed at.
 
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Thanks Picard, needed to hear it from someone else.

I'm planning on both, so will go for the M first
 
I don't think you can do the CFA unless you have work experience, you also used to need another CFA to nominate you for the CFA.

Do the M first.
 
How I understand it is that you can complete the 3 CFA exams whether you have work experience or not, but you will only be able to obtain the CFA qualification/registration after you complete 36 months (I think) worth of applicable work experience. I don't think that you have to obtain the necessary work experience within a certain time period after completing the exams.
 
Faceless has it right - the only prerequisite for starting the exams is a degree, probably a 4 year degree I think. You need 3-4 years of experience to get the actual qualification, I think it has to be in investment decision making, not sure.

My oldest brother has passed CFA2 and writes CFA3 in a week or so, and has most of the experience he needs. Its a LOT of work though! He's had no social life for the past few years because of it.
 
I'm doing my honours in Actuarial Science now... With my current degree I can get a couple of exemptions from the CFA examinations, but I still want to do my M.Sc. also. I think maybe do the M now, and whenever you feel like it you can still do the CFA later on. But once you're committed to the CFA, you're in it for good. Rather get a M behind your name now...
Well, that's what I would do.
 
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