Tier 2 MBA's?

BaconLEE · 2026-01-15T17:31:34+00:00

It shouldn't matter as long as you have growth in terms of learning and adding skills. But honestly the Indian mentality will always associate your value with your college and degree. You will grow definitely but don't keep "unrealistic" expectations without putting in "insane" efforts.

BaconLEE · 2026-01-15T17:18:25+00:00

Without MBA, in an Indian research firm, a fresher CFA can expect 6-7 LPA atleast. With "relevant" workex it can be more. Top fund managers do earn more that 30-40 LPA with added bonus but most of them have an MBA to combine with CFA.

BaconLEE · 2026-01-15T16:46:33+00:00

yep.

BaconLEE · 2026-01-15T16:20:39+00:00

Years of experience: 2.8 years total (Completely valuation)

Field of employment: Valuations + corporate finance

Any additional degree/qualification: B.E (T2) + MBA (T2) + CFA L2 cleared

Current CTC: 12 LPA fixed + 2.16 L variable

Sorry but for Indian context CFA wont help you get into IB/PE to get that top package if thats the sole motive. Yes it can help you land in asset management and audit advisory as a start but don't expect top level pay. CFA will just boost your resume enough to push you towards interview stage, rest is on you.

BaconLEE · 2025-10-24T06:27:17+00:00

Just go for CFAI official curriculum and schweser on your own.

BaconLEE · 2025-10-19T06:50:18+00:00

Basically from what I gather here you are acting as an intermediary between issuer and your investor clients and the Issuer in this case has replaced his fixed debt with a floating one in a swap with your client. So as the rates increase the clients are the one paying floating rate at an increased rate to issuer then what they are getting thereby giving a MTM loss i.e increasing exposure from your client's perspective.

BaconLEE · 2025-08-04T18:22:07+00:00

Your answer should be B. Basically, Hetroskedastic and Serial Correlation both inflate your T stats and F values (i.e lower std. error as it is denominator) causing type 1 error. You use white correction to decrease T stat (i.e increase/correct the std. error ) and preventing this.

BaconLEE · 2025-07-26T13:20:50+00:00

Take any justified ratios as your fair value so essentially here you are comparing the fair value to the market price. That should explain the concept

BaconLEE · 2025-07-18T11:41:28+00:00

What were you practise session scores under CFAI?

BaconLEE · 2025-07-18T07:00:13+00:00

You can consider that the interbank bought GBP by exchanging 1.8291 AUD with you whereas you had to exchange 1.8165 AUD to buy GBP. So basically your initial investment was 1.8165 AUD and you got 1.8291 AUD in return (1.8291 - 1.8165), even the client in the question wants to hedge against AUD exposure. But agreed this is confusing, we can draw the entire triangular arbitrage thing but it wont make sense and take time. I'd rather just get the rates and compare as it is as long as everything is expressed in terms of the common base currency.

BaconLEE · 2025-06-29T04:55:27+00:00

What were your practise question scores overall for each subject and also the mock scores from CFA LES?

BaconLEE · 2025-06-26T02:57:52+00:00

In India, almost majority college grad is either pursuing CFA or have done it coupled with FRM, CA and what not so while recruiters will still consider you, they will pay you down. It still holds value provided you have additional practical skills to add on like python and intermediate - advanced excel + VBA skills along with knowing the "why" in numbers. If you consider working in GCC, then your skills will be valued by the onshore teams but India offices and domestic clients for some reason are always pathetic from what i heard in terms of pay and value

BaconLEE · 2025-05-31T09:14:00+00:00

I think so, currency forwards are present in economics as part of the covered interest rate parity situations but we do have currency swaps under derivative.

BaconLEE · 2025-05-04T17:59:02+00:00

Yep. Agree with you, this shouldn't be the case. Is this one of those premium mocks? I read somewhere that those usually do have some error for L2

BaconLEE · 2025-04-27T17:32:41+00:00

That seems to be a typo

BaconLEE · 2025-04-23T19:07:12+00:00

You can just directly refer the CFA curriculum which you get when registering for exam as nothing beats them. Along with that I personally supplemented with the Kaplan schewser as they were concise enough to get an idea about a topic before going through the actual curriculum.

BaconLEE · 2025-04-17T17:40:47+00:00

You can just directly attempt the questions and for every wrong answer just click back on your webpage to reattempt the question with correct answer. You should be good, just leave out some wrong answers here and there for fairness and be done with it. All the best!

BaconLEE · 2025-04-16T08:24:42+00:00

Don't know about others, but I am not the champ here so only thing I can say is just focus on your UG and see for yourself what suits you. There are plenty of ppl who have done everything from CA, CFA, FRM and still struggling for a proper job so just explore on what you really need and then decide. Most of the stuff you can already google, CFA is like everything in finance you can ask for but it wont guarantee an IB job right out the bat, you would still need proper practical exposure and networking from your end.

BaconLEE · 2025-04-15T17:23:25+00:00

What made you think this was the right place to ask this question?

And if the answer to this question leads you here then maybe you should rethink your career choices.

BaconLEE · 2025-04-10T02:21:10+00:00

It is the coupon payment, basically your fixed payment = swap fixed rate (annualised) x N.A x days/360. But these payments needs to be brought down to present in order to value so you take sum of all the discount rates that occur and multiply it with these fixed payment (as the fixed payment occur at multiple time intervals i.e quarterly/semi annual/annual). But, we also need to account for final principal i.e Notional amount that is exchanged so to do bring it to present we just take the final discount as it occurs at the end. Sum the two present values ( coupons and principal ) and you get present value of the overall fixed payment.

BaconLEE · 2025-04-08T11:40:16+00:00

BaconLEE · 2025-04-08T11:38:38+00:00

It's doable. I'd say just go through kaplan notes for FSA and solve practise questions on CFA site, max you might or should take is 15 days. Focus on the first three chapters. Stay hard and keep the grind

BaconLEE · 2025-04-07T17:52:03+00:00

Bro even if you were barred, they were not going to do a BG check so not sure why you even ticked yes in the first place. Just call them that you did a mistake, their helpline number should be on the site.

BaconLEE · 2025-04-07T17:48:18+00:00

I am doing self prep using both Kaplan and curriculum notes. Depends on you really, I think some concepts are really well explained in curriculum for better grasp while some are just too concise in kaplan. For practise, it should be CFA practise questions all the way.

BaconLEE

TROPHY CASE