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Is CFA the right decision for me at age 26?

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  • This topic has 10 replies, 5 voices, and was last updated Apr-17 by Snippy.
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    • sagar87
      Participant
      Forum Level 1 Summer Associate
      19 Apr 2017 at 8:20 pm
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      Hello,

      I did my Bachelors in Commerce in the year 2008. Since then I have been working with Willis. It is an insurance broking firm. and I am into back end operations.
      As you can see I do not have any finance background. So is CFA the right decision?

    • Sophie Macon
      Keymaster
      Forum Level 9 SVP
      19 Apr 2017 at 8:42 pm
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      @sagar87 – it depends what you career goals are!

    • AjFinance
      Participant
      Forum Level 1 Summer Associate
      19 Apr 2017 at 9:23 pm
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      @sagar87 Age is not really a factor. CFA is all about Asset Management. Having said that, it does provide you with a great background in various areas of finance.

      Being a Bachelor of Commerce, you would have a background in accounting, which can help you in one of the main topic areas of CFA. As far as the decision goes, its about you weighing in your options and like @sophie said, depends on your career goals.

    • Sophie Macon
      Keymaster
      Forum Level 9 SVP
      19 Apr 2017 at 9:30 pm
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      @sagar87 Age is not really a factor. CFA is all about Asset Management. Having said that, it does provide you with a great background in various areas of finance.

      Asset management and equity research I’d say 🙂

    • sagar87
      Participant
      Forum Level 1 Summer Associate
      20 Apr 2017 at 5:50 am
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      Thanx Sophie and AJ. If I start preparations from nw and I give 15 hours every week till October and then 10 hours a day each in November, should that be enough to clear level 1? I may be sounding a little dumb but I am very low on confidence as I havent given any exam after 2008.

    • Sophie Macon
      Keymaster
      Forum Level 9 SVP
      20 Apr 2017 at 5:51 am
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      That’s enough time @sagar87. It’s not purely about number of hours, although they mean something, but also how long you need to grasp these new concepts.

      Don’t worry. We’ll be here to help 🙂 Are you planning for a career switch? Tell us more 😀

    • sagar87
      Participant
      Forum Level 1 Summer Associate
      20 Apr 2017 at 5:57 am
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      Yeah Sophie. I am planning for a career switch. I am into Insurance Accounting Operations now. Till I clear my level 2 its difficult to land up a job in finance field. And till then I will be 28 and a fresher in finance. Therefore I am concerned about the age. 🙁

    • Zee Tan
      Keymaster
      Forum Level 8 VP
      20 Apr 2017 at 6:03 am
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      Age is most definitely not a factor. There are CFA candidates of all ages.

    • Snippy
      Participant
      Forum Level 1 Summer Associate
      20 Apr 2017 at 7:44 am
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      Yep, go for it @sagar87! Age is immaterial, you can do this and it’ll definitely put you where you see yourself!

    • sagar87
      Participant
      Forum Level 1 Summer Associate
      20 Apr 2017 at 6:38 pm
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      Thank you ppl 🙂 I am now sure about this. And if I don’t understand any concepts, I knw you guys are here for me. 🙂

    • Snippy
      Participant
      Forum Level 1 Summer Associate
      20 Apr 2017 at 7:37 pm
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      Best of luck! 🙂

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