CFA exam policies permit only two models of financial calculator on the CFA exam; Texas Instruments BA II plus (including Texas Instruments BA II Plus Professional version) and Hewlett Packard 12 C (including Platinum, Prestige and 25th and 30th anniversary editions). See the CFA calculator policy here
Today I’m going to review the Texas Instruments BA II Plus Professional model which I have been personally using for my own studies for the last 8 years….So rest assured everything written below is from personal experience…let’s begin…..
Texas Instruments BA II Plus Professional financial calculator comes with various function keys such as keys for TVM calculations, I/Y calculation, IRR (internal rate of return) calculations, uneven cash flows calculations, factorial calculations, exponential functions, logarithm calculations, depreciation and breakeven calculations, among many others.
It’s an easy to use calculator and comes with a detailed user manual which makes it simple to figure out things. If you are using the Schweser CFA study notes life is still simpler as Schweser gives you a step by step tutorial of how to use the financial calculator to solve specific types of problems using the various function keys. Tutorials can also be easily found on the internet.
Coming to the make of the calculator, it is sturdily built and will last you years even with rough use. Let me mention here the buttons are not feather touch – but that only adds to its sturdiness.
The calculator needs only simple ordinary calculator cells and the cells once changed, provide you service for more than 3 years even with high usage. (It is still advisable to change the cells before each exam to avoid any unwanted problems on the exam day.)
Before I forget let me also mention that in addition to everything else the financial calculator also comes with 10 memory slots; which is a very useful feature to have considering the lengthy and cumbersome calculations in the CFA syllabus.
So, all in all Texas Instruments BA II plus professional is a very good buy. It is priced slightly higher than the other Texas Instruments models, but that’s considering its better built and features.
Financial calculators are by nature expensive, so you don’t want to be buying one every second year. If you want a financial calculator that will last you for a very long time to come go for the Texas professional model. It is guaranteed to provide you service well worth its cost…..