Finance Majors : Skip The MBA

Eh I recently got my MBA Finance degree (and tuition waived since I was a graduate assistant...a lot of SJU students are GAs).

What this article doesn't mention is that the CFA is really hard. Only about a third of people pass the FIRST round (a lot of those people being older than recent college graduates) and you need to commit hundreds of hours to studying. In terms of cost sure the CFA is cheaper (for non GAs) but in terms of difficulty it's night and day.
 
Eh I recently got my MBA Finance degree (and tuition waived since I was a graduate assistant...a lot of SJU students are GAs).

What this article doesn't mention is that the CFA is really hard. Only about a third of people pass the FIRST round (a lot of those people being older than recent college graduates) and you need to commit hundreds of hours to studying. In terms of cost sure the CFA is cheaper (for non GAs) but in terms of difficulty it's night and day.
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Good points.

Back in the "old day's", the test was given once a year (First Saturday in June).

Currently, Level 1 is given twice a year, and Level 2 and Level 3 are given once annually.

The biggest difference is that if you don't pass the CFA exam you have to wait 6 months or a year (depending on the level to take it again).

If you pursue an MBA you know pretty much with certainty that you will receive your degree in an anticipated time frame.
 
Eh I recently got my MBA Finance degree (and tuition waived since I was a graduate assistant...a lot of SJU students are GAs).

What this article doesn't mention is that the CFA is really hard. Only about a third of people pass the FIRST round (a lot of those people being older than recent college graduates) and you need to commit hundreds of hours to studying. In terms of cost sure the CFA is cheaper (for non GAs) but in terms of difficulty it's night and day.
Click to expand...

Good points.

Back in the "old day's", the test was given once a year (First Saturday in June).

Currently, Level 1 is given twice a year, and Level 2 and Level 3 are given once annually.

The biggest difference is that if you don't pass the CFA exam you have to wait 6 months or a year (depending on the level to take it again).

If you pursue an MBA you know pretty much with certainty that you will receive your degree in an anticipated time frame.
Click to expand...

My son passed Level 1 last June and sits for Level 2 in 3 weeks. The dedication one must make to make it happen is unbelievable as he's basically been in hibernation studying his ass off after work and weekends. The rewards are there, probably more so than obtaining an MBA in that "just" passing the first part opened up some doors and enabled him to move to the "buy side" with a position with a hedge fund. Game, set, match, as bonuses could be telephone numbers.
 
Good luck to your son !!!!

Is he a St. John's alumnus ????
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Thank you so much for your kind words. He did not attend SJU as he graduated from a D3 college in Atlanta but has always been a Johnny at heart.

And let me thank you for all of the articles that you post here on Redmen.com. I enjoy reading all of them. Keep them coming.
 
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