|Author||Topic: Collapse of Wall Street and CFAs|
Wondering how do the statements like "Wall Street- a history" and collapse of all the major Investment Banks gonna affect CFA aspirants?
|The nature of the profession we aspire to is that it is highly cyclical and sensitive to the economy. You can't give up on the program just because times have gotten bad. The whole idea behind getting the CFA is to insulate yourself from job loss when times are bad, and outearn the non-cfa's when times are good.
If you find yourself out of a job now, it's the best time to study, complete the program, and be poised for the next bull market. Don't think the glory days of Wall Street are gone and gone forever. Regulation of banks comes in waves, congress trumpets regulate-regulate-regulate when things like this subprime mortgage default/credit crisis occur, and deregulate-deregulate-deregulate when the economy goes into a growth phase. It's politicians covering their a**.
In short, don't be discouraged. Times will change and the best thing you can do is be ready for it when it comes.
CFA Discussion Topic: Collapse of Wall Street and CFAs
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.