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Old Feb 5th 2009 | 5:59 am
  #16  
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Joined: Oct 2008
Posts: 3,824
From: the GTA
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Default Re: Help

Originally Posted by bozena
My God!

Is it worth bothering? It sounds like it is more difficult to pass the exams in Canada than UK. I thought pass mark 60% compared to UK 70% no problem. How wrong I was. 10h exam!!! Great, can't wait!!

You both sound like you have gone through the pain and are working in your profession. Do you have any regrets? Was it worth it? How long it took to prepare yourself for the exam?

Thank you guys for all the info.
The pass mark is a world-wide statistic, AFAIK. There is absolutely no doubt that it's a difficult path to the CFP designation. As detailed in my previous post, even other financial professions, while allowed to skip the studying, still require to sit the exam.
There are many good, but lesser, qualifications available but they don't carry anything like the weight of the CFP. It is also an expensive study programme so ideally get a job with an employer who will pay for your studies, such as a major bank.
If you wish to reach the pinnacle of the financial advisory industry then you should aim for the CFP.

I
 
Old Feb 5th 2009 | 7:13 am
  #17  
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Joined: Jul 2007
Posts: 11,708
From: White Rock BC
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Default Re: Help

Originally Posted by bozena
You both sound like you have gone through the pain and are working in your profession. Do you have any regrets? Was it worth it? How long it took to prepare yourself for the exam?

Thank you guys for all the info.
I am an accountant, a CGA, and if i wanted a CFP designation I would be exempted from the foundation courses. I would still have to challenge, and pass, the first examination. I would also have to take the capstone course and pass the second examination.

It took me nearly 7 years to qualify here whilst working full time. I guess it could be done in about 5 years if you push it. Was it worth it? Oh yes. Canadians put a lot of store in certification. You can blag you way to some extent by saying, "no, I am not qualified, but I have loads of experience and can do a great job for you". This works best when you are prepare to accept a lower salary, but even then it becomes tiresome. The designation opens so many doors and opportunities.
 

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