Careers Worried about the potentiality of designation

Worried about the potentiality of designation

  • This topic has 3 replies, 2 voices, and was last updated May-18 by fabian.
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    • Gogul86
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      Hi, I’m currently working as a management accountant in an oilfield company. I sat for June 2015 Level 2 paper. I never had any confusion about enrolling for L2 when I passed L1, I decided to go ahead. I’m 29 and not working in the related industry.

      Coupled with the fears of passing the paper that I sat for recently, I am afraid whether I will be able to secure a job in the related industry:
      1) I am comfortable with my current earnings – confused as to whether I should take a pay-cut if I managed to secure a job.
      2) Not sure I will be able to secure a job in the investment industry provided my age – 29 yo (High concern)
      3) Not sure about other career choices/path for CFA

      Can any1 advise me accordingly? I am seriously lacking motivation now.

    • fabian
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      I’m a bit confused. Why would a job change require a pay cut? Wouldn’t that defeat one of the large purposes of being CFA qualified?

      What do you mean by related industry?

    • Gogul86
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      Hi Fabian. Related industry that i meant was investment and banking. Doesn’t a change of career from management accounting to finance require a paycut. Maybe I am wrong. The problem is I am not informed very well on th job prospects for those who are working in the corporate organisations.

    • fabian
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      hi @Gogul86 

      I don’t get the paycut thing for two reasons – 1. yes, it’s not necessarily a pay cut from management accounting to finance, and 2. I guess I’m not understanding the rationale to move to finance then, if you need to take a paycut + take the CFA. What’s your drive to move to investment banking?

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