STA Diploma

[mb325]

I noticed today that the STA has finally sorted out a homestudy version of their diploma.

http://www.sta-uk.org/sta_diploma.html

Whilst I'm 95% sure this will add no value to my trading, I'm wondering if it will add value to my CV given that I will try and go prop/IB if I decide not to trade my own account upon finishing my degree.

All opinions welcome, particularly from anyone currently trading for a firm.

Cheers!

 

[mb325]

Bump!

 

[jorune]

I did the STA course about 7 years ago. The revision day was a great help because it is essentially a full day's worth of consultancy on being a better analyst. The tutors throughout the course are specialists in their field and able to answer any questions you have for them.

As to adding value to trading I guess it all depends on the people/markets/timeframes you work with. The course will help you with understanding the various aspects of Technical Analysis and the revision day gives you a format for presenting views on how the market can develop. But if you or any future employer does not like that method of describing it then it will not be of such value. It struck me as designed by regular city firms for themselves so it's probably a good starter but I can imagine small firms built around the distinct tastes of a couple of traders having a totally different viewpoint.

 

[mb325]

Thanks Jorune, much appreciated!

Anyone else? No-one's even taken the **** out of me for thinking about paying for a course yet! What's wrong with you people...

 

[samuelhogg]

I did the 6 Wk foundation course and I wasn't that impressed. It was taken by one of the top guys at STA who was about 70 and he made a subject which I am very interested in become very boring. He would always start late and finish early too.

The diploma has a different specialist everyweek but I was still concerned how professional STA were and with a fee of £2500 I thought otherwise.
I believe the homestudy is about £500 which I think is quite steep as I think you are just getting the course slides on cd.

I went with MTA which are more recognised is US. It is 3 years longs(can be done in18months) and they are far more professional. Check out www.mta.org.
I also received an email from them in the last few weeks stating that they are going to make more of a presence in the UK this year.

All just my opinion.

 

[arabianights]

doubt it would be of any help anywhere. It may be good for showing an interest at a prop, it may be a huge hinderance at a bank. HFs so different toss yourself a great big coin.

I guess it would be like getting a certificate in homeopothy when you're 14 and then wanting to be a doctor or an osteopath

 

[mb325]

I guess it would be like getting a certificate in homeopothy when you're 14 and then wanting to be a doctor or an osteopath

Haha! Pretty pointless then...are you at a prop firm Arabian? Do you have any opinion on prop vs IB? I have the impression getting a job trading for an IB is incredibly difficult and so i would lean towards applying to a prop firm.

Samuel: thanks for your thoughts.

Anyone else?

 

[arabianights]

I'm at a prop firm and recently was involved in recruitment, I wouldn't have even known what an STA diploma was... would have only been relevant if they went to interview for other reasons and could be good or bad depending on how they presented it at interview...

 

[mb325]

I'm at a prop firm and recently was involved in recruitment, I wouldn't have even known what an STA diploma was... would have only been relevant if they went to interview for other reasons and could be good or bad depending on how they presented it at interview...

Well that's enough to put me off tbh. The only reason I'd be interested in doing it is to separate me from the crowd, so there's no point if whoever's making the decisions hasn't heard of it! Thanks again.