Everyone on this forum talks about how the CFA is the best thing since sliced bread; well I want to do a simple unscientific survey; please answer the following questions:
1. Do you have a CFA (completed all three levels and etc.)?
2. Do you have other qualifications such as MBA, CPA, CFP, MST, MSF, or etc.?
3. What’s your current salary range w/bonus?
I’ll go first:
1. NO
2. MSF
3. 70-80k
I’m interested to see if CFAs end up on top (please no lying; no one knows who you are so it’s pointless to present false info!)
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You missed the most important factor- work experience both quality and number of years. Your survey is pretty unscientific as it doesn’t control for this.
@Cinderella, Good point; let’s add
#4. Number of years of Finance/Accounting/Budget, etc related experience?
So let me start over.
1. NO
2. MSF
3. 70-80
4. 3 yrs
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
Another problem with your survey: it’s important to know where the experience comes from.
Someone with a CFA who has 10 years of back office IT experience is going to be lower than a PM with NO CFA with 10 years
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
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lol plus we need to know pen1s size
Hope this helps
and by statistical standards, you need at least 30 people to participate to get into a normal range of distribution. so good luck, but I’m not up to give up that info
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
Thanks for shooting down the Hindenburg! You could have just let the thread die on it’s own, Jerk offs!
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
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I’m game:
1) Yes
2) No
3) 120
4) 5
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
1. Yes
2. MBA (not top 10, but well regarded)
3. I get hit with the AMT and am classified as an HCE for 401(k) purposes.
4. 16 years
5. Smaller than I’d like
You can fondle the cube, but it will not respond.
I do think the CFA is a good MBA sub if you have great work experience coming out of undergrad (great work exp at a great firm) if your target industry is investment management. If you already have the experience you will not need a MBA.
1) Level 3
2) Nope
3) Low 70s w/~5yrs of exp
1. No
2. None
3. 80-90k
4. 4 Years of experience.
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Oh, and it should be obvious that these answers will be skewed high since only those with “respectable” salary levels will reply, particulary in a forum that probably places a larger importance on salary relative to others.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
1. Yes
2. MBA, MSF, PE (professional engineering license)
3. ~90k
4. 5yr in finance
Given that on average a woman makes about 76% of an average man, care to add gender to the selection?
Here is me:
1. Yes, Charterholder
2. Yes, MBA, top 3
3. Income, more than Joe Biden, Less than B.O.
4. Experience, 11
5. Gender, M
If you weight salary for years of experience and assume that Alpha and Higgmond both make more than Biden but less than B.O.; Non-CFAs are ahead (L3 was put in CFA group). But we need more data points so post, you can hide your sal using Alpha’s and Higg’s analogies.
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
(1) No charter
(2) Top undergrad / MBA candidate
(3) less than $35K (summer intern)
(4) 3 years equity research, 2 years PE before b-school; 6 weeks hedge fund
(5) Male
Career Coach -- www.linkedin.com/in/numicareerconsulting
How to Break Into Equity Research -- www.mergersandinquisitions.com/equity-research-recruiting
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Zesty Wrote:
——————————————————-
> If you weight salary for years of experience and
> assume that Alpha and Higgmond both make more than
> Biden but less than B.O.; Non-CFAs are ahead (L3
> was put in CFA group). But we need more data
> points so post, you can hide your sal using
> Alpha’s and Higg’s analogies.
Alpha and Higgmond both have a CFA, so it’s not a pure play. Higgmond stated he pays the AMT and is a HCE, which basically means he must make above $100k. Biden makes over 230k.
Why are you guys afraid to list your actual comp if nobody on here knows you? I don’t get why we need to be versed on the tax code and public employee compensation levels to decipher what Alpha and Higgmond replies are.
Just list what you had on your W-2 last year and be done with it.
“Some people make shoes. Some people make houses. We make money and people are willing pay us a lot to make money for them.”
brain_wash_your_face Wrote:
——————————————————-
>
> Alpha and Higgmond both have a CFA, so it’s not a
> pure play. Higgmond stated he pays the AMT and is
> a HCE, which basically means he must make above
> $100k. Biden makes over 230k.
>
> Why are you guys afraid to list your actual comp
> if nobody on here knows you? I don’t get why we
> need to be versed on the tax code and public
> employee compensation levels to decipher what
> Alpha and Higgmond replies are.
>
> Just list what you had on your W-2 last year and
> be done with it.
I have several co-workers on here who know who I am.
You can fondle the cube, but it will not respond.
^ Yeah, why not, albeit it’s pretty volatile from year to year.
1. Yes, Charterholder
2. Yes, MBA, top 3
3. Income, $275k-$400k
4. Experience, 11
5. Male
1. No
2. No
3. $275-350k
4. 6 yrs
1. Yes, Charterholder
2. No
3. 100k
4. 1yr front office, 4yrs back office
@higgmond, In my firm, if you’re on the financial reporting, budgeting or cost accounting team you have access to everyone’s base and loaded salaries in the firm. So I would assume that they co-workers already know your salary.
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
1. No but maybe in a month.
2. Yes, CPA
3. 110k
4. 4 1/2 years
So far, if you leave out the outliers it’s:
median CFA salary is 105k
median CFA yrs of exp. is 5
median non-CFA salary is 90k
median non-CFA yrs of exp. is 4
If you include the outliers it’s:
median CFA salary is 110k
median CFA yrs of exp. is 5
median non-CFA salary is 83k
median non-CFA yrs of exp. is 4.5
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
1. “Charter Pending”
2. MBA
3. adequate
4. 3.5 years
5. excessive
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1. No
2. No
3. 150k
4. 4.5 years
Formerly ChickenTikka - Member of the Order of the Righteous Rusty Hacksaw
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One mistake a lot of people who are considering the CFA make is thinking that the charter is the reason we make the money that we do.
People that take the CFA are probably pretty driven and already work in a high paying field to begin with. They probably are very well educated to begin with. This is the reason the average salary is so high, not because we can discount a a cash flow or stand for the highest ethical standards.
Formerly ChickenTikka - Member of the Order of the Righteous Rusty Hacksaw
ChickenTikka Wrote:
——————————————————-
> One mistake a lot of people who are considering
> the CFA make is thinking that the charter is the
> reason we make the money that we do.
>
> People that take the CFA are probably pretty
> driven and already work in a high paying field to
> begin with. They probably are very well educated
> to begin with. This is the reason the average
> salary is so high, not because we can discount a a
> cash flow or stand for the highest ethical
> standards.
Completely agree
ChickenTikka Wrote:
——————————————————-
> One mistake a lot of people who are considering
> the CFA make is thinking that the charter is the
> reason we make the money that we do.
>
> People that take the CFA are probably pretty
> driven and already work in a high paying field to
> begin with. They probably are very well educated
> to begin with. This is the reason the average
> salary is so high, not because we can discount a a
> cash flow or stand for the highest ethical
> standards.
Excellent point. CFA did absolutely nothing for my salary, and I did not expect that it would because my position was already well established. I completed the CFA because I wanted to challenge myself and learn more. Having CFA could factor into future promotions, but it won’t trump performance metrics in a competitive situation.
@Zesty - no one on here would have access to my compensation data.
You can fondle the cube, but it will not respond.
1) No
2) No
3) ~40k
4) 1 year
5) large
1. No but hopefully in a month.
2. Yes, CPA and MBA candidate this fall
3. 125k
4. 5 years
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