Caia after cfa reddit. CAIA 1 and 2 in 2017.

Caia after cfa reddit Might do CFP later but doesn't seem necessary after receiving the CFA charter. Doesn't have the breadth challenge that CFA does. I just ran a half marathon yesterday to see if I could and hit a respectable 2:15. 0 FRM L1 - 4. The CAIA practice exam is very very helpful. 0 FRM is not just difficult because of the material. 25% of the FRM material overlaps with the CFA material. Risk Management vs CAIA which is managing a portfolio of illiquid and liquid assets vs. For Alts, the CAIA is better. The CFA is the gold standard in the investment industry, so it’s not like people won’t know what it is if numbers drop slightly. I see CFA, FRM, and CAIA as the triple crown. it's pretty decent and will help with resumes but the dues + CFA can be steep. So. The CFP is for financial advisors, mostly. *I am a ria owner btw with a CFP. Passed all CAIA two years ago. I’m surprisingly considering the CFA at the moment. That said, I really don't think the CAIA L1 exam requires a lot of work, relative to the CFA. Totally feel the same. If you’re at an RIA, prob CPA. (I only took Level 2, I skipped Level 1 with the stackable CFA/CAIA program). Are there any job opportunities for a CFA+FRM+CAIA candidate in india ? CFA/CAIA will help you get a job. I feel like if you’re looking to be an LP investor like a pension, endowment, insurance company, family office, etc, the CAIA is a great practical look into that world. CFA can add value to an already strong profile, but without strong complementary work experience or education, it won't help you break in. I did pass all the exams above, though. I’m planning on taking the CAIA as I would like to work in an investment analyst role (once Leave my role as a premier banker) - however, my experience has been sales/advisory all the way. I think these two programs should consider a merger and acquisition if you want my honest opinion. Not sure reddit activity is a great indicator of credential usefulness. FRM Part I contains info from all 3 CFA levels, mostly from Asset Pricing. I'm a CAIA charterholder who completed the tests in 2013 and is now pursuing CFA. I'd also recommend using one of the prep providers for at least the q bank as others have said, the CAIA practice questions aren't nearly as robust. if the CAIA dues weren't bad I would consider. Having your CFA charter is enough. Because the CFA is NOT doing this, I do not fully understand CAIA's beef with the CFAI. Given average candidates spend c. Passing score: 65-70% for CFA, around 55% for FRM. just from first glimpse, i honestly think there's still A LOT of overlap with CFA - especially L2 and L3. The materials are not too challenging, but there are a lot of lists to memorize (many more lists than CFA). Wirehouse PWM - CFA. Having the CFA also waives the series 65 exam requirement, so not really a big deal to have alongside it. The risk premiums are similarly modeled for both frontier and private markets so skills could transfer well. I personally know of exactly one person who not having the CFA is clearly holding him back and he’s now going to take level 3…after a 6 year gap. Finished it in under a year pretty easily. 90% of your job training will be what you learn and retain. This is my 2nd time taking the CAIA and it will be my last. Did CAIA after CFA a couple of years ago before CAIA changed the protocol and offered chartholders a waiver on taking part 1. The vast majority of people I run into with the CAIA just don't want to do the CFA. There is very little useful content in the curriculum. It was such a crazy ride through CFA with two brutal pandemic deferrals. I cleared both Frm levels in one go, but thought CFA would be much harder than that. Just finished it, studied about 60 hours vs they say 130. If you landed in the third quartile of FRM, you pass. If you are in wealth management/financial advising, then the CFP might make sense. If I was looking for a career pivot, that might have changed my mind. If the options were mutually exclusive i'd say CFA over CAIA - you can always do the stackable CAIA thing after CFA or if you're a glutton for punishment like me, do both at the same time. Corp finance CFA has limited application as most Fortune 500 companies need advanced data analytics, not deep analysis. Having an alphabet soup after your name is completely useless. I take exams for the sake of taking them. As for the CFA, I think it's overkill for a CRE career unless you work for a large money manager or private equity fund. It’s literally designed for you, your industry, everything. Much higher pass rate. The alternatives I considered were the CFA and a Masters of Applied Finance from a respected university. Currently, during this stretch of unemployment, I am again studying, this time for the CAIA designation (alternative investing) because it may open doors, and I’m 49. No one here is going to pretend CAIA is a more prestigious qualification than CFA, and if you're now chunking in the same amount of hours and the content is I had this one manager who lly had the alphabet soup behind his name to the point where he doesn't even mention anything other than the CFA and CFP, but also had CAIA and CMT, and a bunch of the smaller, lesser-known ones. My best explanation about my experience is that CAIA Level II was an angsty teenage version of CFA Level I that was difficult to get fully comfortable with. Anyways, thanks buddy. If you can take that 1 week before the exam, then study hard everything that you missed, you will be guaranteed to pass. I just finished reading the Schweser CAIA L1 material. The CFA/ CAIA are more based on fundamental investment research. I knew about the stackable credential but didn't want to leave alts knowledge on the table so to speak. I'd like to add the CFA to my CV because 1) it may help my opportunities within and without Big 4 and 2) I think it's well within my capabilities. The only few designations that might be worth it are: CFP if you’re in PWM; CPA if you’re in accounting; JD if law; MD if medical; Ph. Mar 21, 2015 · My firm (AM) sponsors both CFA and CAIA. CIPM was my first cert and it made me good at attribution, which makes me a lot more versatile than my peers. Being an actuary at an asset manager I see almost everyone around me getting the CFA designation. I did CFA first, and then did the stackable program for CAIA. So think of it this way - If you don't have a background in finance and are beginning in the industry, do a CFA if you have an established career in Quant - do an FRM (regardless of Asset Management or risk) If you are venturing to the alts side, do a CAIA If you work with retail clients, do a CFA. Without the CFA, my careers options would have been limited to the sell side. I work on desk, no one cares if you’re CFA/CAIA/FRM or a chartered accountant. Also feel like I probably already know a good chunk of the CAIA content as is. CFA is focused on equity and credit valuation, and a ton of other random finance shit, three exams, hard as fucking hell. But for the most part, it is similar to the CFA alts material, and more heavily weighted to derivs. now what? I thrive on achievement like most people here. I’m considering taking CAIA level II as part of the CFA stackable programme. Personally, I'm focusing on getting over the CFA L2 Anyone have any experience with the CAIA exams/cert? I think I am mentally unstable and feel bored since I have nothing to do due to my current hiatus from grinding for the CFA (took Lvl 2 in June), so I am considering trying to bang out the CAIA level 1 mid-late September. ADDED: 100% won't re-take if failed and actually given that in my estimate this L2 content is easily over 200 hours - I think this will just push more people away from CAIA and into CFA. My impression is CAIA is less rigorous and carries less gravitas than those alternatives but is also much lower cost in terms of price and especially in time (studying for CAIA gave me a newfound respect for CFA charterholders). After all, are you really going to come back and review your notes when Schweser is already an abridged form of the CFA readings? Not likely. CAIA gives CFA's a bye for Unit 1 and you just need to sit for Unit 2. It was extremely valuable in terms of the content, but I have found several years later that the designation doesn't carry as much weight as I initially thought. Your employer will tell you. But decide whether it’s worth it to spend the time and money on something you may or may not even need Reply reply Wondering what the level of overlap there is between CFA and FRM. You’ll be allowed to skip L1 of the CAIA program. It will also be a place where one can learn more about this designation and its benefits. All of them recommended. If i successfully pass the 2 levels of CAIA, which level of the CFA will I be admitted to? Series 65 which was required for my job. 45% of the CAIA material overlaps with the CFA material. . My charter is just pending review of my references at this point. I agree with Djray on all points,including UM recommendation and including congrats on your CFA. How many CFA/CAIA networking events have you attended? I got a job after CAIA L1. Plus being a CFA charterholder waives the first CAIA exam. You can probably finish CAIA sooner and get it out of the way or in tandem with CFA after L1. Studying for CFA L2. No, i don't think there was any significant benefit from becoming a CAIA Charterholder. Another plus is you can feasibly earn the title within a year (vs ⅔ years for CFA). It also meant you got a free chapter in level 2 CFA as the CFA curriculum hardly scratches the surface of alternative investments. (Because that has been, in fact, often the case. I'm a CFA/CAIA and would recommend CFA first for most since that's better known and 'The Gold Standard', and you can subsequently go straight to Level 2 CAIA after getting your CFA. People (including myself!) only go after the CFA because it impresses other people with a CFA, that’s it. Evidence this feedback may be worth your time I was browsing r/CFA recently and crossed some people discussing the claim that the CFA is the most difficult exam in the finance profession. an MBA… (completely different). I'm a CFA charterholder and the new fast pass to CAIA Level 2 (final level) is attractive, so i signed up. so you only have to do L2. however, i do hear a lot of people saying I was able to skip level I because I have a CFA. About 1/3 of CAIA charterholders are also CFA charterholders. I think it's an interesting route to explore. Honestly it was useful cause I work with a lot of alternatives. The only thing CAIA has over CFA is probably more expensive exam fees and dues? The 3 CFA exam increases seem broadly similar to the 12 actuarial exam increases, and if you take into account you’ll get those 3 a lot earlier and there’s lower chance of resits,(cfa institute doesn’t seems as rogue as ifoa!), you will probably be better of financially. I was in that mode where my entire life had revolved around studying for so long that I was lost without a new finish line to run towards. I work in the hedge fund industry, which is why I initially pursued the CAIA. FRM and CAIA are not as well respected in the industry (although I plan on obtaining the CAIA after CFA considering it lets you skip the first test). *As a CFA charterholder, you may be eligible for a CAIA Level I exam waiver toward earning the CAIA designation and enter the program as a Level II Candidate! Definitely do the CFA if you have to choose one. Plus, it’s much easier than the useless CFA. If you need the CFA to earn more than you will know it. Funny thing is that he had like 3 masters in various subjects and was pursuing a 4th masters Read all of the sections, take practice questions and make flashcards for each section right after you finished reading it, then move to the next one. 275 hours per level, would be great to get a sense on how much to down weight this given prior knowledge (if at all). You won’t be able to use your CPA knowledge at a wire. Same Ethics as CFA. So thought to take a poll whether what I did in FRM, would be similar to CFA or not. For me, I was making well over the median starting salaries from top MBA schools after completion of my CFA, so I didn't see the point of forgoing my salary for a few years to pursue it. Real estate is just a subset of alternative investments section which is a subset of a host of other topics so you end up spending 3 years studying for 3 exams with little relevance to what you're doing unless you're in one CAIA is rather like an associate’s degree, and combining it with the CFA on a resume makes the candidate look as though it took them a while to get their act together. Not sure if you’re looking at masters programs for visa purposes, but the CAIA could be another route with how popular alts are right now. You need to be an active CFA charter holder first before becoming eligible of waiving CAIA level 1 [1]. I am awaiting L3 results after sitting for the exam last week and am debating doing the CAIA if I am lucky enough to pass. May 22, 2009 · CFA program will focus more on portfolio mangement and how alternative investments could contribute to portfolio performance. I have no idea what the CFA would compare to FRM, as I have just recieved my Frm charter and moving to my CFA, just before I can do my MBA. Too much trivial pursuit and random factoids. So the CAIA upcoming exam has an option for online proctored exam, you can write the exam at home with a live video proctor over you. At least with the CFA, the exam lined up with the materials and questions in the curriculum. If I were to give them a score, perhaps something like FRM L2 - 8. I did, then followed it with CAIA but utilized the stackable program facility. D if applicable Successful people will get their CFA while unsuccessful people will not. Hi All, I was slated to take the level 1 CFA in the spring but opted to take the level 1 CAIA. and then of Background: I just sat for the CFA L3 exam and have down time until MBA school starts, since I quit my job. I earned a PhD in Economics and I can definitely tell that utility functions are NOT useless - they're indeed the building blocks for (almost) all asset pri I’m feeling the same way after passing. As such, I lack the technical aspects of an analyst role and would like to get your opinion if having a CAIA alright (instead of having the CFA). com Mar 29, 2021 · In a way, CFA and CAIA can be complementary in the sense that CFA gets you the global recognition and prestige in finance, but CAIA can further signal your alternatives investments expertise which is highly sought after in current market. If you decide you want the investment side, these credentials will help, but youd ideally want some type of credential that actually relates to mathematics/ computer science as well. My job involves ESG so it was relevant for me. MBA Colleges don't teach financial modelling or risk management in as much detail as these courses do. I'm leaning toward sitting for the exam this September, albeit the cost is quite high. Hold CFA and CAIA. i have not done CAIA L2 but this is just my observation from first glimpse. The “triple crown” (as it’s known in the finance world) is the CFA, CAIA, and FRM. Without getting into the details, I set a goal for myself when I was 23 to have the CFA and CAIA by 28 (currently 28 and work in the investment side of private wealth). As a second question, how do CAIA level 2 question compares to CFA multiple choices and essay questions (for level 3 only), are they harder or trickier than CFA ones? Cheers! Hey i cleared CFA and now planning to do FRM as well . I did both a few years ago and I don't think many people at my company (large asset manager) had even heard of the CAIA. In CFA, all you need is the CFA learning ecosystem, and you can use something else if you lack time, or to revise. Most of the knowledge you will get on the job as always, however CFA managers tend to like to hire/promote people with CFA. It's challenging material, but the testing is not nearly as challenging as CFA. I work making manager selection decisions to private market funds for a pension fund (as an LP) and I want to get better at my job and I’m interested to understand better if CAIA could provide me with more applicable learning above my CFA or whether my time is first, let's assume you've done CFA and get the CAIA L1 waiver. Asset management speciality you could imagine, but is often obtained by those who are wanting to get the private equity research license soon after or may already have it(?). Reply reply taimoor2 What do you think, which is easier CFA or FRM. Personally I found it a big help going in to the CFA having doing CISI. Regarding the theoretical part - Modern financial theory are split into 2 major categories: corporate finance and asset pricing. And I am so damn surprised to find out how many overlaps CAIA and CFA share. I have not yet taken CFA L3. I put in roughly 200 hours for the CAIA level 2 mostly with Uppermark lectures and Q bank. The posts are likely fake and fraudulent like almost anything else you see After completing the CFA certification, including the required work experience, I would consider pursuing another certification to try and distinguish myself further. Jan 1, 2025 · In the fast-paced finance sector, the right certification can propel your career to new heights. How was your experience? What is the difficulty of the CAIA level II exam like compared to CFA Level II/III? For reference, I work in REPE so the material is relevant, but im not sure how much value CAIA would add to my resume when i already have CFA. In the meantime I will be taking some SQL and Python courses. So if you wanted both it might be a bit faster to do CFA first then head straight into CAIA L2. Before this 'stackable programme' became a thing they did a 2-3 year study based on CFA charterholders who did the CAIA after and found that the CFA programme (level 1-3) covered +-80-90% of the CAIA level 1, so seems like doing level 1 after having done all CFA levels would be repetitive - I think that's the whole premise of this idea. If you watch a lecture video on Schweser, taking scratch notes are totally fine to help you follow along, but don't waste time creating neat/clean notes for the videos or the readings. I don't have it, but I'm pretty sure it would be a cakewalk after the CFA and I would think a CFA would be more respected, even in that field, than a CFP. CFA is clearly the gold standard but I opted for the CAIA after reviewing the syllabus - to me it was far more interesting and far more 'niche'. Relevant Knowledge – the CAIA curriculum reflects the most relevant and up-to-date industry analysis, tools, and best practices. CAIA, obviously. Thinking about going for CAIA in September. I got CFA, FRM, CAIA and (US)CPA and I definitely believe CAIA adds value to me. Also- if you want to make it easier on yourself, do CFA first and then do CAIA. Smart, dedicated people fail this even after a ton of effort. If you think buying the AGG for bond exposure in a “60/40” is better than subbing some of that out for something like BREIT merely because of fees, you should talk to someone with a CAIA before you write it off. CAIA 1 and 2 in 2017. CAIA expands the level of knowledge from L2 for that particular topic area. If you were 300 hrs or under for L2/3, then 200 hrs is plenty, but if you studied >300 hrs you will probably want to study >200 hrs for CAIA proportionate to what you did I've considered transitioning to one of these groups after I put some more time in in Audit. The CAIA is nice to have but the CFA carries more clout. You get a couple of freebie questions on the exam just by knowing the CFA material. Gauge your hours needed to study based on your CFA study. I've been telling myself once I complete the CFA I'll never study again but now life seems pointless - maybe I'll end up doing another course like CAIA or something after I'm done with CFA. To be blunt, if you’re not gonna deal with a lot of alternatives (or it signifies a small portion of your overall portfolio), Id recommend just sticking with the CFA Top MBA + CFA if you want to do anything you want Any other MBA + CFA if you want to waste money Personally, I may do a good European MBA (I don't feel like fighting to get into a top US MBA just so I can end up in NYC, the Bay or CT), or CAIA (for a laugh), at some point, but I'm hopeful I can get where I want to be with CFA only. CAIA / FRM have different applications compared to CFA. Posted by u/000P00 - 2 votes and no comments So I passed CFA Level 3 and have all the required work experience. After having another day to reflect I think they were probably both pretty reasonable representations of the actual experience, the CAIA mock uses the exact same question formats (as it should) which is good to see in advance. From CFA, CAIA, FRM, CMA what is the ranking in difficulties and in which order should I take from easy to hard I intend to take FRM first because it seems much easier than CFA, and it's cheaper and CAIA after the CFA, because CFA covers level 1 CAIA what's your opinion??? Also the alt qualification you’ve highlighted. My interest is general knowledge and credential, not looking to make a career change. Just wondering if the CFA Institute will do similar given the environment. I've seen a couple analysts hired straight from CFA events If you've attended them already with no luck, trade your own portfolio (even with play money) and talk about your investment ideas at these events. Edit: on the direct question of CFA and CAIA, I would say that CAIA is in most cases a non-factor that could even be left off of a CV. In terms of my thoughts having both charters: The CFA takes an academic approach while the CAIA materials are focused around a practical asset allocator mindset. I personally didn’t study for the CFA exams but did study the chapters that was needed on the job. Does anyone have good tips on… I think I had to submit my CFA digital badge to register through the stackable option earlier this year. am currently a CFA and CAIA Charterholder Looking for advice from people who have completed CAIA after the CFA. CFA is a huge benefit to both exams. Depends. As CISI exams are every 6 months (can also take all 3 exams in one go if you wanted to) you can finish the program a lot quicker than CFA. Just bear in mind that the CAIAA offers CFA Charterholders a stackable program where they can bypass CAIA L1. 4 months is good. Pros: CFA LIII Candidate (pending Dec results) and CAIA Charterholder (yes, i'm a glutton for punishment and did both at the same time). But, you are more into Alts and at your age a CFA will be a massive crimp in your lifestyle for a longer period of time. Worth noting my CAIA experience is probably different from other CFA Charterholders - I did CFA L1 -> CAIA L1 -> CFA L2 -> CAIA L2 -> CFA L3. To be honest, if you complete the CFA exams, you can easily do the CAIA after and it won't be terribly difficult. I would say CFA level 3 = 10, CAIA level 2 = 6 Specifically, I am considering taking the CAIA level 2 exam (can skip level 1 per the CFA membership benefit). I have taken CAIA and currently studying for level 2 of CFA. CFA 2 in Feb 2022. If all goes well, I will have finished the CPA exams by next week and will be licensed by June/July 2023. If so, what's your advice on prep providers - anything as good as MM out there and not too expensive either? Then you could do the CFA later if you wanted to. Conversely, most of the more senior analyst's I run into who have a CFA really don't feel the need to do the CAIA. FRM and CFA certification in ur cv will increase ur chances to get into Tier 1 MBA college which will ultimately get u a job that u desire. Just stick to your FRM Level 1 and CFA Level 1 and prepare for good MBA colleges after BCom. Also, I liked my job. Also the pass rates are higher for CAIA exams [2] (probably because not too many takers yet sitting on exams, so CAIA wants to pass more takers?). What does that mean? Not enough deep concepts or math like CFA. A community for discussion and study tips for the Chartered Alternative Investment Analyst (CAIA) program. If you get the CAIA but don't work in alts, it probably has a negative value in the sense that you just look like a title collector. ) In my opinion their waiving of a level for CFA charterholders cheapens the CAIA certification. Totally disagree. CFA L1 < FRM L1 < CFA L2 < FRM L2 where the greater than sign indicates greater difficulty. It didn't take long and they all agreed that the quant exam is actually more difficult and esoteric. In CFA, you fail. I found that having the CAIA was much more useful for roles in PE and HF and the content was generally a lot more applicable in real life. I've done CIPM, CFA, and CAIA, and I'm starting CMT and FRM this year. if looking for something that will have a greater influence on career, look at CFA CFA is more difficult than CAIA in terms of time I’m a fairly senior guy in hedge fund middle/back office deciding on CFA vs CAIA understand CFA is the more prestigious but CAIA is both more relevant and way easier. Just wondering if anyone knows how many hours I should dedicate for the level 2 exam should I decide to take it, and what percentage of the material has overlapped with the CFA exam. But I keep coming back to the fact that any knowledge within the CFA curriculum can be learned without going through the grueling process. For anybody who is actually using reddit to gauge the usefulness of obtaining a CAIA credential, talk instead to people in real life who you know have the credential or experience in the industry. CAIA is focused on alts, two exams, hard but not crazy. 0 CFA L2 - 6. Completed CMT level 1 years ago but didn't pick it up as I couldn't use it in my job at the time (brokerage). I was surprised to see so much overlap between CAIA L1 and CFA L3 materials. I did CFA level 1 in June 2016. That said CAIA is a great way to distinguish yourself from others and will def provide a good foundation. have a co-worker in treasury is a FRM. And whatnis difference between these two? Thanks To be honest this is what the CAIA already feels like as a CFA charterholder since they give the ability to skip level 1 after passing CFA. So, what's the golden standars for CAIA level 2 in terms of prep? For CFA, I used MM for level 2 and 3 and mock exams from Bill Campbell for Level 3. Which is incredibly lucrative and the CAIA is a great stepping stone to heading toward private equity, hedge funds, real estate investment and really any alt. It's an excellent course for knowledge, i did it last year (2020 lol) and completed CFA L2 in 21, got a job in MS M&A. 1 CFA L1 - 4. I passed all 3 CISI CWM Level 7 exams and after passing the first CISI exam I decided to do the CFA too. Qualitative questions were 70ish%. So early on in your career it can be a nice differentiator as well as Oct 30, 2024 · use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example. I think in a few years the "CFA, CAIA" title will be quite common I had a similar antsy, slightly manic feeling after studying for CAIA, as you did and I decided to get the CFA-ESG cert since we studied so much ESG stuff for CAIA. Choosing between the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations is more than just a professional decision—it’s a strategic move towards specialization and success. The network sucks and all the events you have to still pay for. If you want to go into equity research then the CMT may be more specific to that specialty then pursue CAIA when you are ready to make the switch to alternative investments. If I were to go at it again, it would mostly to get an alternative view with stock selection for PA trading. I have been considering the options: (MBA, CPA, CFP, CAIA, and even going the quant route with the CQF). second, i've honestly seen the CAIA L2 syllabus and briefly the content of it. Though majority of the reason was my Chartered Company Secretary qualification and CFA levels, FMVA did come up in the convo during the interview, so it did help out a bit. if you can afford the time and money, I think that the CAIA material is great to learn. Currently a CFA LIII Candidate and CAIA LII Candidate - CAIA is definitely more relevant to Infra but i don't think it'll get your foot in the door. 14 votes, 19 comments. I don’t have the CAIA btw. I wish there was a cost effective way to learn KDB, but that has not trickled down to the Datacamp's and Udemy's yet. jfplomc zqdaxp vmfrrl smbx bmlo ewbigjz linkbq lupd tnwb ipix