CFA CFA General Am I even qualified to enrol?

Am I even qualified to enrol?

  • This topic has 4 replies, 4 voices, and was last updated Apr-17 by padniaki.
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    • PaulyPelz
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      The facts:
      I have not completed college and my marks were not great
      I studied accounting and have about 80% of my credits
      That is equivalent to about 2.5 years of college
      I got a good full time job in the finance field in the asset management side for a big bank and that’s why I left early
      I have been on the job for half a year.

      Question:
      Am I qualified to enrol in the CFA program?

    • Sarah
      Participant
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      @PaulyPelz unfortunately it seems like you are not qualified to enroll yet but you will be in a about a years.

      According to CFAI’s website:

      “Have a bachelor’s (or equivalent) degree
      or be in the final year of your bachelor’s degree program at the time of registration*
      or have four years of professional work experience (does not have to be investment related)
      or have a combination of professional work and college experience that totals at least four years. Part-time positions do not qualify, and the four-year total must be accrued prior to enrollment.”

      The combination of your college and work have to be at least four years. That means with 2.5 years of college with 0.5 years of experience you are short one year.

      Unfortunately CFAI required that you have reached 4 years before you enroll for level I but you should be able to sit for the 2014 exam in December.

    • PaulyPelz
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      Awesome! Thanks for your input.

      A further question for you considering your experience:
      Will a CFA accreditation negate the fact that I have neither a degree or diploma?

      I will surely finish my diploma and eventually a degree but I am just curious on what this community’s opinion on that question is.

    • Sophie Macon
      Keymaster
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      For me a CFA supercedes a degree/diploma @paulypelz. It’s a post grad equivalent.

    • padniaki
      Participant
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      @PaulyPelz, your grades/marks do not matter per se, but I think it is important to ask why they weren’t very great? I mean, you don’t have to share with us, but I would ask yourself that question. The answer to that question might help you understand whether the commitment and rigor of the CFA program will be right for you. If your marks were not great because you were prioritizing other things, or had difficult/time-consuming jobs, for instance, then that’s OK. But if it’s because you had little interest in your major, or struggled with a lot of the concepts, or had trouble motivating yourself to study….those are things that should be worked on and dealt with before committing the time and money and brainpower to the CFA.

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