anyone have experiences that wanna share about this test? i just registered for it
anyone have experiences that wanna share about this test? i just registered for it
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I assume level 1?
I took level 1 about 4 years back, passed it after 350+ hours of study. What I used where Schweser books and online tests complimented with a class offered at BSAS. Four others at my workplace took it at the same time, one other person passed, one decided not to take the test, one failed and it was his first try, the last guy failed and it was his third try. All in all pretty representative of a 40% pass rate.
Between the study material, the class at BSAS and the exam registration it came out to be ~$3,000. I was very stressed out at the end, and depressed since I ended up take a full week off from work so I can do practice exams every day.
The material was pretty interesting but both my undergrad and masters were in CS so I've never taken accounting, corporate finance, macro economics, or even statistics. The cash flow and balance sheet calculations were the most difficult for me while studying but in terms of final score, I think I scored above 70 in all categories and 50-70 in ethics. Ethics is weird since it's often easy to know if something is wrong but difficult to pin down which principle is being violated.
I thought about taking level 2 but my guinea pig (the other guy who passed) failed level 2 after deciding that all he needed to do was practice exams, and it seemed that the road to becoming a PM wasn't particularly viable or desirable from where I was.
HK47: Now do you understand the travails of my existence master? Surely it does not compare to your existence but still...
You: I survive somehow
HK47: As do I. It is our lot in life I suppose master. Shall we find something to kill to cheer ourselves up?
-KotOR
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i thought about it, but it's super expensive! your company paying for it?
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
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have you taken it yet? for your sake, i hope you pass, bc that test is a cool thou right?
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
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wait, so you paid the thou for nothing? or can you apply towards the CFE instead?
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
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so you bought the books AND paid for the test? pretty penny.
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
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Now I'm going to take Level 1! This Dec.
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
HK47: Now do you understand the travails of my existence master? Surely it does not compare to your existence but still...
You: I survive somehow
HK47: As do I. It is our lot in life I suppose master. Shall we find something to kill to cheer ourselves up?
-KotOR
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i was never a banker. i just finished my mba from a fancy name brand school and am unemployed. take that employment statistics! so i'm trying to make myself more competitive, refocus, and hopefully find something else soon. i was always in marketing, but i don't really want to do that anymore. my favorite job i've ever had was marketing in a private equity company, so hopefully my new career will have all the aspects i enjoyed from that job.
let me know if you know of any opportunities!
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
HK47: Now do you understand the travails of my existence master? Surely it does not compare to your existence but still...
You: I survive somehow
HK47: As do I. It is our lot in life I suppose master. Shall we find something to kill to cheer ourselves up?
-KotOR
it kinda sucks. most companies hire directly from specific schools, so if you didn't go to one of those, it's hard to get in. you're limited to the choices at your school, which especially sucks if you didn't go to an american school. i have it a little easier than some because i'm female, looking for a job in predominantly male industries. ie, there's minority and women specific networking events. i'm having an especially hard time because i'm changing functions.
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
I've always wondered what positions people with MBAs typically end up working in. Most MBAs I've come across were managers with 3-5 direct reports or individual contributors.
Did your MBA program have a brochure with salary distributions of various graduating classes? I vaguely recall seeing one for Babson a couple of years back.
HK47: Now do you understand the travails of my existence master? Surely it does not compare to your existence but still...
You: I survive somehow
HK47: As do I. It is our lot in life I suppose master. Shall we find something to kill to cheer ourselves up?
-KotOR
i think the statistics are for 35-40% of MBA grads from the top schools go into management consulting. People who go into cpg marketing become assistant brand managers. Others go into various sectors of finance, I'm not sure at what level. Some become product managers in various industries.
Almost all business schools have some kind of salary distribution for grads. But those are always a little inflated, because 1) they only count the people who responded, and most people who aren't earning very much don't respond, and 2) people lie. Ours were a little further inflated because the years right before I went, the euro was riding pretty high and the figures were in USD, and also because a fair number of students from my school are sponsored by their companies.
nytimes: Every hr you have 10 minutes where you’re not doing anything productive at work, & you can’t look at porn. So you make a comment & fulfill this desire to show yourself off as a smarty-pants.
what are u trying to be lisa? management consultant?
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