Can I apply for the job too. love to live in Seoul.
Trust me, you guys don’t want this job, it’s in the US office, grunt work for little pay. Ha I’m going to make this person do all the stuff I don’t wanna do.
When the CFA was designed, it was designed as a mid-career professionalization, not a gateway into equity research. Indeed, many CFA takers were assumed to be experienced equity researchers (or at an equivalent stage in other asset classes), and so the curriculum is really tied into how key aspects of asset research connects to the portfolio creation process and how to design portfolios for clients.
Today you practically have people just graduating high school asking if they can sign up for Level 1. So one can redesign the exam for a more junior test-taker, I suppose, but that effectively changes what the CFA designation is.
And remember, you need 48 months of industry work experience to get the letters. During this time, you’re expected either 1) to apply your CFA knowledge in your work (if it comes after passing), or 2) apply your work experience (if obtained before the exams) to make sense of the more academic aspects of the CFA curriculum (things like how to do math and such).
On another note, I was walking through Central Park today thinking, “a beautiful spring day like this makes me SO glad I’m done with those CFA exams.” I saw some poor guy lying out with his girlfriend, nose in the books, and wished him good luck. We survivors can spot each other a mile away. ;-)
You want a quote? Haven’t I written enough already???
100000 charter holders??? Is it the right no.? The CFAI official pressrelease of 23rd April 2012 regarding ‘CFAI removes uncertainity surrounding CFA exam in India’ says:
“………CFA Institute has more than 100,000 members, who include the world’s 90,000 CFA charterholders, in 135 countries and territories, as well as 135 affiliated professional societies in 58 countries and territories…….”
^ It’s clear the writer of that article grabbed a old generic description of the CFAI and put it in at the bottom of his article. Besides, his description says “has more than”
The original link I posted is the most up-to-date on the actuals.
Constituent Statistics
Number of members: 109,748
Number of Charterholders: 100,328
Interesting note: when I started this thread, the count was under 100,100, it grew by over 200people in 18 days.. dang.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
^ It seems so. May be more care is needed by CFAI authorities while issuing such release, after even saying ‘more than’ does not normally suggest 90,000 is actually more than 100,000!
Anyway, the number seems to be increasing almost exponentially when the increase over a short period of 18 days is seen. .
It won’t lose its prestige so long as the pass rate remains low. A lot of the new CFA’s are international… they all aren’t in the U.S.
Yes this is very true. I am not to sure what CFA publication it was in, but I remember reading somewhere that there is a very large growing community of CFA candidates (and therefore charterholders) in Asia.
People will assume CPA is for accounting and CFA is for finance. But dang Iteracom, 18 more charterholders in 18 days since you started this thread? Oh boy…. in 3-5 years, all those asians taking the CFA exams right now will be done and the number of charterholders will increase dramatically, not as much as the current candidates of course since most are in IT in China or India.
I know that 150,000 people EVERY YEAR get an MBA, from the prestigious Harvard MBA to the piece of sh*t Devry online MBA (this number is growing even faster than growth in CFA candidates)
Suddenly, the 100,300 CFA charterholders worldwide doesn’t seem so bad, and CFAI has been around since 1964
I must admit the MBA can be applied to any field though, but there’s no way finance jobs in ER and AM needs 100,000+ charterholders.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
Trust me, you guys don’t want this job, it’s in the US office, grunt work for little pay. Ha I’m going to make this person do all the stuff I don’t wanna do.
When the CFA was designed, it was designed as a mid-career professionalization, not a gateway into equity research. Indeed, many CFA takers were assumed to be experienced equity researchers (or at an equivalent stage in other asset classes), and so the curriculum is really tied into how key aspects of asset research connects to the portfolio creation process and how to design portfolios for clients.
Today you practically have people just graduating high school asking if they can sign up for Level 1. So one can redesign the exam for a more junior test-taker, I suppose, but that effectively changes what the CFA designation is.
And remember, you need 48 months of industry work experience to get the letters. During this time, you’re expected either 1) to apply your CFA knowledge in your work (if it comes after passing), or 2) apply your work experience (if obtained before the exams) to make sense of the more academic aspects of the CFA curriculum (things like how to do math and such).
On another note, I was walking through Central Park today thinking, “a beautiful spring day like this makes me SO glad I’m done with those CFA exams.” I saw some poor guy lying out with his girlfriend, nose in the books, and wished him good luck. We survivors can spot each other a mile away. ;-)
You want a quote? Haven’t I written enough already???
^ I hope I can be the one walking central park next year
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
100000 charter holders??? Is it the right no.? The CFAI official pressrelease of 23rd April 2012 regarding ‘CFAI removes uncertainity surrounding CFA exam in India’ says:
“………CFA Institute has more than 100,000 members, who include the world’s 90,000 CFA charterholders, in 135 countries and territories, as well as 135 affiliated professional societies in 58 countries and territories…….”
( see at http://www.cfainstitute.org/about/press/release/Pages/04232012_66112.aspx)
^ It’s clear the writer of that article grabbed a old generic description of the CFAI and put it in at the bottom of his article. Besides, his description says “has more than”
The original link I posted is the most up-to-date on the actuals.
Constituent Statistics
Number of members: 109,748
Number of Charterholders: 100,328
Interesting note: when I started this thread, the count was under 100,100, it grew by over 200people in 18 days.. dang.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
^ It seems so. May be more care is needed by CFAI authorities while issuing such release, after even saying ‘more than’ does not normally suggest 90,000 is actually more than 100,000!
Anyway, the number seems to be increasing almost exponentially when the increase over a short period of 18 days is seen. .
Studying With
Yes this is very true. I am not to sure what CFA publication it was in, but I remember reading somewhere that there is a very large growing community of CFA candidates (and therefore charterholders) in Asia.
The tests will eventually be published in other languages, that’s when you’ll see the number of charterholders skyrocket.
You can fondle the cube, but it will not respond.
that’s a lot of charterholders
———————————————– Trust God and keep your powder dry ———————————————– Southern by the grace of God
People will assume CPA is for accounting and CFA is for finance. But dang Iteracom, 18 more charterholders in 18 days since you started this thread? Oh boy…. in 3-5 years, all those asians taking the CFA exams right now will be done and the number of charterholders will increase dramatically, not as much as the current candidates of course since most are in IT in China or India.
Indeed. It’s a very specialized profession, not sure why anyone needs 100,000 charterholders.
Studying With
someone confirm how many CPAs there are in the United States and CAs in the United Kingdom. ALOT more.
I know that 150,000 people EVERY YEAR get an MBA, from the prestigious Harvard MBA to the piece of sh*t Devry online MBA (this number is growing even faster than growth in CFA candidates)
Suddenly, the 100,300 CFA charterholders worldwide doesn’t seem so bad, and CFAI has been around since 1964
I must admit the MBA can be applied to any field though, but there’s no way finance jobs in ER and AM needs 100,000+ charterholders.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
^ We’re not all in ER and AM.
You can fondle the cube, but it will not respond.
Studying With
Just warning you all, but add one more to the list by the end of this year. Teehee
NO EXCUSES
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