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- Topic: the value of CFA
| Author | Topic: the value of CFA |
|---|---|
| theguy @2004-11-01 21:58:56 |
Everybody knows that the quality of CFA charter is going down due to the massive interest all over the world. It used to be an upscale thing that mostly qualified professionals would be interested.
Now everybody even a 21 year old that doesn't even know what the investment profession is wants to have it...way before he even experiences the real life job. In order for the CFA to keep its status these things should have happened in the past: CFA should have been allowed only for people with work experience. The purpose fo the CFA is not to get you in the industry but to advance your knowledge if you are already a professional.If you want to enter the business go get a masters. It's silly putting people who doesn't even know what a stock is in real life is, to analyze industries and etc. Give me a break. If you get the expereince then well go for it. I cannot think of anything that could make the CFA charter worth more in the future.... Since we are spending our time for that.....what do you think could be done to increase the value of the CFA in the future? |
| Bang @2004-11-07 03:42:37 |
Yes, lets all get in the club and then raise the bar!
Am I just naive or is it not the purpose of a finance professional to see how his clients, employers and the larger public can be better served? And is the investment community going to be better served by the "prestige" of who they deal with or with their competency? If there are more CFA Charterholders then that will necessarily iply more choice amongst investors and employers which will in turn necessitate higher qualities of professional conduct by CFA Charterholders (in order to remain in the race). Therefore, it won't really matter whether one holds the charter or not, but how professional one is, which I believe in essence is what all of the above are talking about anyway. As for the supply demand factor, it should be noticed that it is only in the short run that an over supply situation can occur, if CFA Charterholders no longer earn "200K" but only "50K" then resources i.e. aspirants (looking for income above 50K), will reallocate their energies to other industries. I think that those who are already charterholders are no longer comfortable with the fact that the dynamics are changing and that they will need to continue to add value to themselves or they will perish irrespective of three magical letters appearing after their name. If one truly wants to raise the bar, and the reason must be in order to better servce the community, then that bar must be applicable to all new entrants, as well as existing members. Besides in todays economy where continuing education has become a necessity in order to simply maintain velocity, isnt it quote preposterous that one would think that once one has obtained the CFA charter, that they will not need any additional qualifications and will remain to be highly sought out executives. I am receiving my CFA Charter soon and god I hope I do not become so pompous once I do! |
| armanaziz @2007-03-07 05:38:36 |
Personally I have only 4 yr experience in finance industry - but I feel there's some genuine logic behind an experience requirement, other than creating entry barrier. Without adequate experience no one can be a true professional in any field no matter how well eductated (s)he is. So it makes sense to allow everyone to appear at the exams but preserve the "CFA Charter" for a minimum experience requirement. |
| EDWINN @2007-12-20 11:51:54 |
Time in the industry might be the key factor ,but some peeps learn faster than others and grasp the whole scenario sooner,so personally i dont think its about the time you have but the influence you have caused |
| kieshabag @2020-07-26 17:55:05 |
the older experienced folks feel threatened by us (i.e graduates) who aspire to have a career in investment and the like. CFA is the gold standard for such career, a stepping stone for most of us. personally i just graduated am 22years old and im to sit for level 1 exams this december and i think that my timing puts me at a far much better position than someone who has been woring for a long time, in my chances of passing that is. i mean besides the ethics part everything in CFA level 1 is literally all the material iv studied for my undergrad so id rather take the exam when most things are still fresh. the only thing that baffles me about CFA is that everyone, even people that have no academic background in finance are allowed to do it. that is where the value is affected. but thats just my opinion. |
CFA Discussion Topic: the value of CFA
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
