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CFA exam prep course at LSU

Posted on 9/28/09 at 4:13 pm
Posted by msytigers
Member since Jul 2008
123 posts
Posted on 9/28/09 at 4:13 pm
I know that a few people on here have taken the course for credit at LSU and I was wondering if anyone could give me some information on how useful it was and whether or not it would be worth commuting from Lafayette for the class once a week, or if I would be better off studying on my own. Also, does taking the course at LSU open up any networking or job opportunities?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/28/09 at 4:20 pm to
quote:

I know that a few people on here have taken the course for credit at LSU and I was wondering if anyone could give me some information on how useful it was and whether or not it would be worth commuting from Lafayette for the class once a week, or if I would be better off studying on my own.


It's pretty unstructured, but it's definitely good to have because the teacher can offer advice from experience. I would just spend the two hours a day studying instead of driving, especially if you don't need the class for credit.

quote:

Also, does taking the course at LSU open up any networking or job opportunities?


You're just going to meet LSU students, it's not like you are taking it with professionals. The only job opportunities you might get are for a student job.


Overall, I am very happy I took the class and it definitely helped me pass, but as I stated before, it's probably not worth the 2 hours a week that you would spend driving. Level 1 is just a landslide of information, it's about the quantity of studying more than the quality.
Posted by msytigers
Member since Jul 2008
123 posts
Posted on 9/28/09 at 4:58 pm to
Thanks for the information.

quote:

You're just going to meet LSU students, it's not like you are taking it with professionals. The only job opportunities you might get are for a student job.


On a related note, how do you feel about the recruiter presence in the MBA program? I have no interest in the internal auditing route, which I know has a great placement rate, but am considering the finance specialization.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/28/09 at 5:16 pm to
quote:

On a related note, how do you feel about the recruiter presence in the MBA program?


It's pretty legitimate. There aren't all that many MBA's concentrating in finance at LSU, so even though the number of job opportunities is low, the odds aren't bad at all. With that being said, this statement is taken in perspective of the overall economy. I did finance undergrad and I've decided that I'm going to do the IA program for the sake of diversity and the hope of getting my foot in the door with a big time company.

Like anything in life, you are going to have to work for what you want. They aren't able to just hand you internships. However, they have a career development guy dedicated solely to the MBA program and he's always willing to help you out with what you need.

You want to do the PMBA program?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/28/09 at 5:32 pm to
Hey, speaking of this, when did you start studying for L1? I just got the books last week, I figured I'd start around Mardi Gras (depends on work situation).
Posted by msytigers
Member since Jul 2008
123 posts
Posted on 9/28/09 at 5:53 pm to
quote:

You want to do the PMBA program?


I am applying to the full time MBA program for next fall. My current job is part time, which is why I want to take the 1st test in June.

quote:

Hey, speaking of this, when did you start studying for L1? I just got the books last week, I figured I'd start around Mardi Gras (depends on work situation).


I plan on starting in a few weeks for the June test, but from your posts here, you seem to have more knowledge of the tested material than I do and would probably need less time.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/28/09 at 9:02 pm to
Are you planning on getting Stalla/Schweser? I've been told/read that if you just get the Schweser questions it is worthwhile.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/28/09 at 11:44 pm to
quote:

Hey, speaking of this, when did you start studying for L1?


Beginning of February. However, I wouldn't bank on that being a good starting point. I studied 150 hours or so in the two weeks leading up to the exam, an advantage that I assume that you won't have.

Honestly though, if you just pace yourself well it's possible. I would say that you need to budget 300 hours or so to studying and that's legitimate studying not checking facebook every 10 minutes studying.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/28/09 at 11:47 pm to
quote:

Are you planning on getting Stalla/Schweser? I've been told/read that if you just get the Schweser questions it is worthwhile.


I've been told they test around a lot of the Schweser material, so I wouldn't rely solely on that.

I had the Schweser videos, but never really used them because I thought it was just worthless repetition. The questions are definitely a great tool because the books don't provide enough questions, IMO.

I would find a friend taking the exam and talk to him about what you are going through, that was one of the biggest advantages I got from the class.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/29/09 at 10:20 am to
Yeah, I have a friend who took it last summer. I've already talked to him about it a lot, I wanted to have a full picture before I plopped down $$. I'm used to long-winded studying sessions now, so I'm not too worried about that aspect.
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