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-   -   How useful is CMFAS in improving career? (https://forums.salary.sg/income-jobs/4102-how-useful-cmfas-improving-career.html)

boongaylim 18-06-2014 05:44 PM

How useful is CMFAS in improving career?
 
Hi,
Should I study for and appear in the CMFAS certification?
Does it go a long way in improving the career prospects?
Any personal experience would be welcome.

Thanks,
LBG

Unregistered 25-06-2014 10:55 PM

Just another certification.

Nothing to shout about

Unregistered 25-06-2014 11:39 PM

The thing about finance or say econs mods is that the more u learn, the less common sense u will have remaining. It's like gg through major brainwash that when u attain higher qualification, the things u blabber becomes nonsensical to a clear minded rational audience. That's the reason why PhDs who think they are smart enough to centrally plan the economy never foresee the crisis they manufacture with their own hands, either that or they are playing dumb as their puppet masters instruct them to do so

kapoman 06-07-2014 09:48 PM

CMFAS is just a requirement for people doing bank sales.

If you cant pass the required modules, you cant sell, which means you lose your job.
If your position doesn't require any cmfas modules, then having it would not be helpful either.

If you are interested in finance or banking, you can go for ACCA or CFA exams.

Or you can get a free course in forex. It seems that sixCapital is currently giving a good offer. see this website review here. ://singaporetempjob.com/six-capital-forex-course/

Unregistered 07-07-2014 11:41 AM

only for bank sales? i'm looking at module 4, pertaining to corp finance work.. any advice?

Unregistered 07-07-2014 05:27 PM

Quote:

Originally Posted by Unregistered (Post 52730)
The thing about finance or say econs mods is that the more u learn, the less common sense u will have remaining.

Spoken like an uneducated lout.

Unregistered 09-07-2014 10:12 PM

For Corporate Finance, it is totally useless. If you get a job which requires Module 4, the coy will pay for it and you have to go for it. There is no point doing it outside yourself. Having passed module 4 would not give you legs up in any way. It is really easy to pass. Up to you if you wanna take, but my advice is for you to save that money up. Do CFA or CPA if you use extra papers as a route to Corporate Finance.

ostralek 26-08-2015 11:22 PM

If you need some resources for studying or preparing for CMFAS exam, you might want to try 100Questions at 100Questions Exam Portal - 100Questions - Your Premier Exam Portal or Examfight at ExamFight! | We make exam preparation fun!

I took my M5 and M5A and found these resources rather useful. Hard to find good materials.

Unregistered 27-08-2015 07:28 AM

Useless. Anyone can pass them after studying for a few days. So, there is no difference in hiring someone with or without those certs

hrgt 27-08-2015 03:25 PM

Quote:

Originally Posted by ostralek (Post 72016)
If you need some resources for studying or preparing for CMFAS exam, you might want to try 100Questions at 100Questions Exam Portal - 100Questions - Your Premier Exam Portal or Examfight at ExamFight! | We make exam preparation fun!

I took my M5 and M5A and found these resources rather useful. Hard to find good materials.

Got M5A meh? how come I didnt know of that. Trying to promote the website ah. Just study on your own, memorize and you can pass it. That is what I did. Studied for all the papers just through pure studying and memorizing.

The papers are only useful if you are doing sales (insurance), for M5, M9, M9A, HI.

For others then it will be futures trading, unit trusts, etc. Go for it only if you need it.

Unregistered 27-08-2015 03:52 PM

CMFAS is such an easy cert not much brains needed whoever still want to pay for tuition need to get the head checked. Most people just spend a few hours over the weekend before exam and pass each module. As long as you bother to open the materials to read, it is actually hard to fail.

hrgt 27-08-2015 03:56 PM

Quote:

Originally Posted by Unregistered (Post 72044)
CMFAS is such an easy cert not much brains needed whoever still want to pay for tuition need to get the head checked. Most people just spend a few hours over the weekend before exam and pass each module. As long as you bother to open the materials to read, it is actually hard to fail.

Still need to memorize a bit la. Haha. Especially for the offences, days to report when offence committed, fines, etc. But other than that, yes, it is relatively manageable if you really study.

virjoy 28-10-2018 10:39 AM

CMFASExam provides full range of CMFAS examination past papers and questions bank.
Free trial with no account registration required

Module 1A
https://cmfasexam.com/cmfas-module-1...ank-cmfasexam/

Unregistered 24-12-2018 05:30 AM

CMFAS Academy ftw
 
the only legit website is cmfas academy la.. the rest all chui..

i passed 6 exams in within 24 days. ... got many testimonials shown on their website oso. i personally can vouch for them

cmfas.com.sg

ostralek 25-09-2019 01:37 PM

You can try revising for the CMFAS exam using the free questions from ExamFight CMFAS exam portal at Welcome to ExamFight, your exam preparation portal

Practice is free for 20 questions for each kind of exam, and if you like the questions can you buy access to the exam module(s) for $21.

Quote:

Originally Posted by boongaylim (Post 52511)
Hi,
Should I study for and appear in the CMFAS certification?
Does it go a long way in improving the career prospects?
Any personal experience would be welcome.

Thanks,
LBG


Unregistered 25-09-2019 04:37 PM

Quote:

Originally Posted by boongaylim (Post 52511)
Hi,
Should I study for and appear in the CMFAS certification?
Does it go a long way in improving the career prospects?
Any personal experience would be welcome.

Thanks,
LBG

CMFAS is compulsory for insurance agents.

for non sales bank job, please dont put it on your cv. it is considered as a negative trait.

a full CFA cert should be what you are looking at.

Unregistered 26-09-2019 12:07 AM

Quote:

Originally Posted by boongaylim (Post 52511)
Hi,
Should I study for and appear in the CMFAS certification?
Does it go a long way in improving the career prospects?
Any personal experience would be welcome.

Thanks,
LBG

Dude, you've gotten it ass backwards. You only need to take the licensing exams AFTER you get the job, as the license is required to sell/transact/advise capital market and insurance products. Usually, if you get hired for the role means the boss thinks if you are capable enough to handle the job, you are certainly smart enough to pass the license exam. No one is going to hire you BECAUSE you have the license. It's not like having the license means you are good enough for the job. See it like this: All stunt drivers will obviously pass the driving test to get a driver's license but owning a driver's license does not mean you can be a stunt driver...

Dominic Rochita 14-12-2019 01:55 PM

Bulk purchase together
 
Looking for someone to take exam module 3 and FMRP together using CMFASEXAM.com quiz bank

Pls PM me if interested

Unregistered 21-02-2020 10:41 AM

Quote:

Originally Posted by Unregistered (Post 123668)
CMFAS is compulsory for insurance agents.

for non sales bank job, please dont put it on your cv. it is considered as a negative trait.

a full CFA cert should be what you are looking at.

Why is it a negative trait to have CMFAS?

Unregistered 21-02-2020 12:57 PM

I am in banking FO sales and trading. Taking your CMFAS exams increases 0 chances of you getting into FO. Just FYI. It's far to basic an exam to be a pre-requisite.

Anthony Ray 25-06-2020 02:15 PM

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i wonder if anyone tried them before?

Ray Covey 08-08-2020 04:41 PM

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can share the cost together, PM me thx

Unregistered 21-11-2020 01:23 AM

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