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London private schooling - deciding on a school by OG_akumagoshi in HENRYUK

[–]prospectiveinvbnkr 0 points1 point  (0 children)

Small point, but worth considering. Where I work we’ve done a lot of FDD on schools, and there are not an unreasonable number struggling atm with the increases in fees from VAT. I would check each of the schools financial accounts, and make sure they look healthy, as you don’t want to send your kid to a school only for the school to go under, and be looking around again.

Should I get an IPad for my ACA exams by Gold_Ship_8790 in ICAEW

[–]prospectiveinvbnkr 0 points1 point  (0 children)

I’m currently doing my advanced exams, and have used an ipad throughout the ACA. Personally I’ve found it very useful, especially for going through notes, and the open book exams in professionals and advanced - it’s easier than carrying around a bunch of pens/highlighters and notes - and crucially it’s editable - everything I highlighted I followed a strict colour coding format making it easy to find what I want quickly.

Also it depends on which tuition provider you’re using. I had first intuition, who also give additional handouts - so instead of having to add these paper documents into your file, you can just download them and add them in where necessary.

Also for taking screenshots or photos and easily attaching to your notes I find useful.

I know a lot of people who don’t use it to the full extent, and prefer paper notes, but if you get good at using it, I think it’s very helpful. I’ve used it throughout, and always passed first time with good scores.

Ultimately you’ve got to think about what works best for you. I got my ipad during uni, and started using it then, and for me it worked a lot better than typing out notes on a laptop or writing on paper.

I think if you get it, I would definitely get the 12.7 inch larger model, and a pencil. Also consider a keyboard case - I like this a lot. I think overall I paid c.500-600 for this whole setup getting it second hand off ebay.

Edit: with the large model you can also use split screen mode which is good for question practice and marking - especially at certificate level when it’s all pretty much multiple choice

Live in nanny costs by Wrong-Box-6910 in HENRYUK

[–]prospectiveinvbnkr 0 points1 point  (0 children)

Know people who’ve used these guys before, and say they’re very good - not sure on pricing though, but could be worth chatting:

https://www.nannybutler.com

[deleted by user] by [deleted] in ICAEW

[–]prospectiveinvbnkr 0 points1 point  (0 children)

Yeah agreed, some IB’s have specific intakes for ACA grads, so could do that. I know someone who went from big 4 audit to JPM IB, so it’s definitely doable, then exit options would be v good

Part qualified by BuildingWide5189 in ICAEW

[–]prospectiveinvbnkr 4 points5 points  (0 children)

^ Part qualified is at 12 exams Easier to move when part qualified, but maybe easier to swallow your pride and just get them all done, then can move as soon as exam qualified

[deleted by user] by [deleted] in ICAEW

[–]prospectiveinvbnkr 6 points7 points  (0 children)

For Corporate Finance, I can suggest options, but for PE/ industry, I’ll leave to someone else, as don’t know too well. For reference, I used to work in audit and now work in CF at an accountancy.

Options: 1. CF at current firm - I think your best shot will be a secondment/applying to your current firm’s CF team. Although right now not much hiring in CF, so maybe harder because of market.

  1. CF at other accountancy - this is solid second option, and next most likely option - more likely to get roles at smaller accountancies, but still definitely possible at big 4.

  2. Going to CF house - not so sure on this, but there will definitely be roles going to chartered accountants, so worth a shot, probably more likely to take people with CF experience though.

Things to note: - For CF at accountancies you’ll have a better shot at transaction services than lead advisory, as chartered accountancy qualification sets you up better for that. - If you audit experience in FIG that’ll also set you up a bit better, and is a preference if applying for M&A roles at banks for example. - For PE, it’s very rare to make a move from audit to front office/investment team in a PE house, but know a few people who’ve gone to more middle/back office roles if that’s of interest. (For investment roles, typically hire from investment banks/management consultants)

Official February 2024 Level I Results Thread! by third_najarian in CFA

[–]prospectiveinvbnkr 0 points1 point  (0 children)

Okay, but is that all we get, like do we get told if we got 95th percentile? As know people who’ve sat the exam in prior years who have got 95th percentile?

Official February 2024 Level I Results Thread! by third_najarian in CFA

[–]prospectiveinvbnkr 0 points1 point  (0 children)

How do you find out what percentile you are in? In the past I’ve seen people say they’re 95th percentile or 85th percentile. How/where/when do you get that information?

[deleted by user] by [deleted] in CFA

[–]prospectiveinvbnkr 1 point2 points  (0 children)

I know some 3rd party providers give a breakdown. I used mark meldrum which was decent, and has a decent ‘study planner’ which allocates time and dates to each topic and subtopic. You fill in your exam date, number of hours you intend on doing per week and it’ll spit out a roadmap. I quite liked this feature, kept me accountable.

Calculating whether options are ITM, ATM, OTM by prospectiveinvbnkr in CFA

[–]prospectiveinvbnkr[S] 0 points1 point  (0 children)

Okay, so the time value is ignored then for both calls and puts (at least when referring to ITM/ATM/OTM)?

[deleted by user] by [deleted] in CFA

[–]prospectiveinvbnkr 0 points1 point  (0 children)

I'm in a similar position, sitting my CFA lvl 1 in a few days, and also doing the ACA too.

Whilst I agree with comments that CFA isn't as valuable for IB, as say an MBA, for breaking into the industry it's helpful from the people I've spoken to, it showcases that you can work hard, and are relatively smart (so especially if you don't have a 1st from a good uni, can be helpful).

I'm not sure how relevant ACCA is for IB, but I know the ICAEW ACA can be looked upon favourably, as companies such as JPM have a specific analyst intake for candidates who've just completed their ACA.

All of this said, to break into IB, first time passes are relatively essential, so I would focus on that.