Skip to main content

CAIA vs CFA

CAIA, a Chartered Alternative Investment Analyst, is the financial certification title I was after.

The choice to take up the certification didn't come easy. Having been in a situation where I was a full time student and working 2 part time jobs (while simultaneously working on an online business), it didn't make sense to wear myself out again now that I have a stable full time job. But boss was supportive on my own further personal development, so I took it.

3 things I found CAIA better than CFA is the focus of the study, levels, passing rate, and how it fits my situation right now.

The curriculum focuses on Alternative Investment (Real Asset, Hedge Funds, Private Equity, Structured Products, Portfolio and Risk Management) in comparison with the all-encompassing CFA (Chartered Financial Analyst) which many people are much more familiar with.  Also, since I'm working in Partners Group, a recently-hailed large-cap publicly-listed investment manager in the private markets with AUM of USD 66 billion, surely it makes sense to understand what exactly I'm dealing with on a day-to-day basis, even though I may not be directly involved as the involvement professional.

Unlike CFA which consists of 3 levels and 4 years of relevant working experience to use the title, you'd need to only pass 2 levels for CAIA. Cost-wise, they're approximately similar. CAIA is also one type of a more specialized certification which is not widely-known to outsiders, similar to FRM (Financial Risk Management), and hence may have a possible impact on the higher passing rate of 60% rather than CFA's mere 30%.

It wasn't that easy, however. I prepared myself more than 6 months before the exam amidst the effort to strike a work-life balance, and never thought myself to ever going to be at the losing end. Although, it was still an opportunity to learn to be a better self in the future. 

Comments

Popular posts from this blog

2017 Lessons

Receiving the feedback from my boss and my mentor was easy - they are all very positive. Those that are not, they have been work in progress. But I'm going to push my limit further - I'm still not satisfied with where I am now. A few learning points for 2017 (which haven't ended yet - I might have an update) below, however:1) Never be afraid to speak up - be it on a new, more efficient approach on doing things (ofc, research them well first before presenting it), be it saying no and pushing things away (due to lack of capacity and inevitable compromises of quality), be it asking for help (you'll be surprised on how people are happy if you ask for their help as they feel that they're worth much more than they think of themselves). You need to speak up to get what you want. Nobody can read your mind and nobody will know what you want unless you say it out loud. 
Moving forward: Learn to be more tactful. Learn to speak with confidence in front of a few more people th…

Working Tips

Growing up is growing pains. Hurts, but it's necessary to go through. When I first started working, the transition was hard, but I learnt a lot. Here are 3 lessons I found the most invaluable till now. 1) Setting expectations too high. It's true that in order to shine we have to give a 100%, but often times, when we were still young and energetic, we overestimated our measure of 100%. It is usually our 120-150%. Giving this overpowering 100% everyday is not sustainable - eventually you'll reach a burnout point. Reduce what you thought is 100%, not so much, but enough for you to do your job well, make your supervisor happy, and sustain for a much longer period of time. 2) Smile. An often underestimated value in the workplace. Everybody loves people who always smile to them, acknowledging their presence instead of ignoring them. You don't necessarily have to greet them cheerily and ask them sincerely how are they doing (although this is a super good time to practice the …

13 Reasons Why (by Jay Asher)

The Netflix TV series of Hannah Baker, the girl who committed suicide and recorded her side of story with the 13 people who contributed to her final decision to take her life, sounds like any other chick flick. Hannah Baker is a teenage girl who has just moved from a city to a suburban and is in the process of searching for a new identity, which unfortunately was steadfastly defined and sexualised by her new friends. Things went spiralling down after that but this is pretty normal, isn't it? Why did Netflix aggressively advertising it? (apart from the reasons that having these series cost them a lot of money) Listening to her suicidal reasons was rather intriguing. As a self-proclaimed adult myself (although I'd still think I'm a kid at heart) my first thought as an observer is that her focus was wrong. So much effort is being put into recording herself before making her final decision, but it doesn't actually change her initial decision to take her life in the end. He…