00:00Bro, I'm thinking I'm doing CFA.
00:02Really? CFA?
00:03You're not even from a finance background.
00:05How can you do CFA?
00:06Plus, you'll have to study for at least 10 hours a day.
00:09That means saying tata bye-bye to your social life.
00:11Really?
00:12If that's the case, I think I'll just take a do with my ND either.
00:15Just stop!
00:16Everything you just heard is complete nonsense.
00:20They're all myths that revolve around CFA.
00:22And if you're making your career decisions based on these myths,
00:26you're potentially throwing away lakhs of rupees
00:29and prime years of your life.
00:31Now, if you're watching this video,
00:33it means you're probably considering pursuing CFA
00:36or you know someone who is.
00:39And trust me, the amount of misinformation floating around
00:43about this certification is insane.
00:47Today, I'm going to bust the top 7 myths about CFA
00:50that I hear almost every single day.
00:54Myth number one and the most common one.
00:56You need a finance background.
00:58to do CFA.
01:00Let me be very clear.
01:02You could be a mechanical engineer and still pursue CFA.
01:06I'm not joking.
01:07We've literally seen hundreds of CFA aspirants
01:10coming from non-finance backgrounds
01:11and still acing it.
01:14People like Animesh Hardia, Hemant Jain,
01:18Prashant Kamath and many others.
01:20The CFA program is designed so brilliantly
01:23that it starts from absolute basics.
01:27It assumes you know nothing about finance
01:30and level by level,
01:32it takes you from zero to a very advanced level.
01:36By the time you reach CFA level 3,
01:38you'll be at the pinnacle of financial knowledge.
01:40So, whether you're an engineer, a commerce student
01:44or anyone else,
01:46if you have the time commitment and curiosity,
01:49you can absolutely do CFA.
01:51Myth number two.
01:52If you study for CFA,
01:54you won't have a social life.
01:56A lot of students believe that for you to clear CFA,
02:00you have to study the whole day
02:02and you won't have any kind of social life.
02:04This is a dramatic myth.
02:06The question I should instead answer is,
02:09will you need to study for CFA?
02:12Absolutely, yes.
02:13You do need to study well for CFA,
02:15but do you need to become a person
02:17who is into books all the time?
02:20Hell no.
02:21The CFA Institute recommends a study
02:24of 300 hours per level.
02:27Now, if you plan these numbers of hours
02:30into six to eight months,
02:32that's very manageable.
02:33Let me break it down.
02:35300 hours over six months
02:37equals around 1.5 to two hours per day.
02:41Can you do that?
02:42Of course you can.
02:43The problem isn't CFA.
02:45It's procrastination.
02:46If you leave everything for the last minute,
02:48then yes, you will suffer.
02:50However, if you plan smartly,
02:53you'll have plenty of time for your social life,
02:57your job and everything else in the middle.
03:00A lot of people clear CFA even while working.
03:03So this myth anyway doesn't hold substance.
03:06Myth number three,
03:07you need to be a genius to become a CFA charter holder.
03:11This myth really disappoints me.
03:13Listen, you don't need a high IQ for CFA.
03:16What you need is three things.
03:18Number one, hard work.
03:20Number two, consistency.
03:22And number three, smart planning.
03:24And here's the secret.
03:26Consistency beats everything else.
03:29If you're consistent,
03:30you don't need to be the most intelligent person in the room.
03:34The way concepts are explained
03:35and the way the CFA program is structured,
03:38it's designed for normal people like you,
03:41not just for geniuses.
03:42Myth number four,
03:43if you fail the CFA exam once,
03:46it's over.
03:47Students feel that if you fail the CFA exam for once,
03:50it's completely over for you.
03:52Now, I know so many charter holders
03:54who have failed at least one level.
03:57It's actually a very common thing.
03:59Failing isn't the problem.
04:00What matters is how you bounce back.
04:03The main question is,
04:05do you give up
04:06or do you come back stronger with better preparation?
04:09Usually people do come back with solid preparation.
04:12Myth number five,
04:13you have to clear all CFA levels to get a job.
04:17This myth is totally wrong.
04:19To become a charter holder,
04:21you definitely need to clear all three levels.
04:24However,
04:25to secure a job and start earning,
04:27you can do so even after clearing just the CFA level one.
04:31The CFA Institute itself divides the certification
04:34into three levels for a strategic reason.
04:37It's because each CFA level
04:39unlocks distinct career opportunities.
04:41Even level one and level two can open doors
04:44to a great career in global finance
04:46with salaries that will surprise you.
04:49So it's important to remember
04:50that clearing all levels to get a job
04:53is not a mandatory condition.
04:55Myth number six,
04:56with CFA,
04:57you can only get investment banking jobs.
05:00To be honest,
05:01there are literally over
05:0220 different career paths
05:04you can get into
05:05after clearing a CFA.
05:07Not just one,
05:08but more than 20.
05:32The beauty of CFA is that it exposes you
05:35to a wide range of topics.
05:37By the time you finish level two,
05:39you will have a clear idea
05:41of what interests you the most.
05:43Finally,
05:44the last one,
05:45myth number seven,
05:46CFA is all theory
05:47and not practical at all.
05:49Whenever I hear this,
05:50it makes me laugh.
05:52CFA has one of the most advanced
05:53and practical finance syllabuses in the world
05:56and hence,
05:57it is considered the gold standard
05:59in global finance.
06:00The curriculum of CFA constantly evolves.
06:03As the industry changes,
06:05CFA Institute updates the course constantly.
06:08Everything is aligned with the real world.
06:11In fact,
06:12each level of CFA curriculum
06:14has PSM or practical skills module
06:16where you learn practical tools
06:19such as financial modeling,
06:21artificial intelligence and machine learning,
06:24data analytics,
06:25even Python programming.
06:27Does this sound like outdated theory to you?
06:30It's as practical as it can get.
06:31So there you have it.
06:33The top seven CFA myths
06:36completely busted for you.
06:38The purpose of this video
06:39is to encourage you
06:40and not let the myths and rumors
06:42and misinformation
06:43kill your ambitions.
06:45Now,
06:45after getting all the clarity on CFA,
06:48if you have decided
06:49you want to pursue CFA,
06:50then why not do it with the best?
06:53At Amarticus Learning,
06:54our CFA preparation program
06:55in collaboration with KPMG in India
06:58provides you with industry-aligned training
07:00through real world scenarios,
07:02making you stand out
07:04from the rest of the CFA qualified professionals.
07:06Don't wait.
07:07Click the form in the description below.
07:09Choose CFA
07:10and our expert counselors
07:12will connect with you
07:13to guide you further.
07:14Remember,
07:15CFA isn't just a certification.
07:17It's the golden ticket
07:19that transforms you
07:20from being just another finance graduate
07:22into someone
07:23global markets actually respect.
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