Sunday, February 24, 2008

Which calculator for the CFA Level 1 exam?

For the CFA program, there are only 2 models of calculators allowed, the Texas Instrument BA-II Plus (including the BA-II Plus professional) as well as the Hewlett Packard 12C (including the HP 12C Platinium).

One of the main disadvantage of the HP 12C is the reverse polish input format. (At least from what I read online.) Another 2 issues with it is that it is quite an old calculator, so in a way, its counted as previous generation. Thus, the processing speed may be a little slow. And even being previous generation, it is still significantly more expensive than the TI BA-II Plus.

Also, most people I know, tend to be using the TI BA-II Plus. Therefore, I just bought one!


Between the TI BA-II Plus and the Plus professional, the professional version is supposed to have functions, as well as a metal covering case and a silver colour. Pricewise, the TI-BA-II Plus is about S$60, and the professional one is around S$90. For me, I took the non-professional version. Reason being that I don't foresee myself using the calculator outside of the CFA exam. If anything, there is microsoft excel available on computers. Even a tiny one like the Asus EEE PC.

Are there people actually using the HP financial calculators?

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