Is a transition from Tech background possible?

These are some frequently asked questions by Tech folks

1) Having IT background help in getting into Finance area?

Very much incase you worked on databases and sql extensively. Also heavy programming helps as Financial modeling is also programming but does require good finance knowledge to build intelligent models. Remember all financial firms rely on systems to generate superior returns and IT plays a major role in the industry today. That said it is a value added thing to have but you also have to build good fundamentals and concepts.

2) I am preparing for CFA L1 for coming december. Will clearing CFA L1 help me getting into IB's or other Financial Institutes?

In the current market you need to have experience, companies want people who can hit the ground running instantly.They have no money to spend on training so it becomes tough. Just CFA 1 will not help you as CFA level 1 focuses more on fundamentals and accounting concepts it does not deal in detail about valuation and equity analysis.

3) Is it possible to clear CFA L2 in June'11, if I clear CFA L1 in dec'10?

It depends on what kind of effort you are ready to put in if you cover concepts and are disciplined I don't see a reason why you will not be able to clear!