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Does your company reimburse you if you pass CFA Exams?

Hey Everyone,

Just wondering how your companies handle you passing the CFA exams. My old company would reimburse the exam and the study materials, my new one not so much. So I’m wondering how other firms handle the reimbursement situation, although I understand that the firm doesn’t need to reimburse anything at the end of the day. 

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Like your case, some companies do, some dont. It depends on whether the benefits of having the certificate/knowledge trickles down to the company youre working for.

It was a long shot, glad i made it.

.

It was a long shot, glad i made it.

We get to expense everything. And get a $2,500.00 bonus for passing level 3. Going to blow mine on a diamond encrusted, larger than life, over the top, frame to put the charter in. 

that’s best case scenario though.

¯\_(ツ)_/¯ It be like that sometimes.

Same here. Dont get an official bonus but $3K in reimbursements plus a gift from my boss (ferragamo loafers most likely) is pretty chill >:)

My company reimburses, no matter the result. I’m not sure of the reimbursement policy in case of multiple fails. 

If you're the first out the door, that's not called panicking

Codtrawler87 wrote:

My company reimburses, no matter the result. I’m not sure of the reimbursement policy in case of multiple fails. 

+ a smallish raise for every pass

If you're the first out the door, that's not called panicking

Codtrawler87 wrote:

Codtrawler87 wrote:

My company reimburses, no matter the result. I’m not sure of the reimbursement policy in case of multiple fails. 

+ a smallish raise for every pass

hook me up with your hiring manager

It was a long shot, glad i made it.

Codtrawler87 wrote:

My company reimburses, no matter the result. I’m not sure of the reimbursement policy in case of multiple fails. 

You guys hiring?

Unfortunately I’m self employed. So, yes and no… 

Financial Planner
BBA (Finance & International Business) 1998,
MBA (With a Global Perspecytive) 2011,
ChFC® 2018, CLU® 2019
Owns an Independent RIA/Insurance Agency
Series 65, Life, Annuities, Health (Expired 6,63)

My company pays for everything outright. I took level 2x and paid upfront for materials and exam fees regardless of passing….its a nice perk. 

my boss reimbursed 50% of total costs (including third party materials) the year i failed level 2. passing = everything reimbursed + $1,000 bonus (and potential raise/promotion).

Y’all seriously need to get on that corporate Amex level. I even expensed a steak dinner with mine! 

¯\_(ツ)_/¯ It be like that sometimes.

CEO10K-DAY wrote:

Y’all seriously need to get on that corporate Amex level. I even expensed a steak dinner with mine! 

I am but a humble analyst, what is this Amex level you speak of?

Pass or fail, my company pays for the registration fees + books but not for any 3rd party study materials. But I’m not sure if they would pay if someone would fail 3-4 times in a row. Then we get a small pay raise and a pat on the back if we pass an exam. I work as a consultant so my company is very supportive since it allows them to bill the client more. 

Unfortunately my company won’t give me any major salary increase once I have my Charter so it looks like I’m going to leave pretty soon (if I earn my Charter in the next few weeks). 

It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so.

My boss sent me a lovely surprise.

#Models&Bottles

reimburse cost and you get extra 5 days (not count toward your offical PTO days) to study.

$0.00

hashtag wrote:

My boss sent me a lovely surprise.

#Models&Bottles

Financial or European?

Only one ends in a happy ending.

Hey, 

got two days off and compensated for everything for first attempt level two. I failed. During 2019 they mentioned if I pass I get compensated. (Manager is out of office so I hope to discuss it once he’s back - I passed this year). Not sure what’s gonna happen with the holidays tho - so far it was from my paid leaves not study leave 

Just expensed all costs (around $1,500 including exam registration, books, mocks, lectures, and membership dues)

my company reimburses the exam fee but not any additional prep courses….and my boss got me a CFA tie 

Philc87 wrote:

my company reimburses the exam fee but not any additional prep courses….and my boss got me a CFA tie 

haha they have those? I don’t want one, i neeeeeed one!

If you're the first out the door, that's not called panicking

No reimbursements, raises, bonuses, etc. However, my job isn’t exactly in Finance/Investments; I went through the CFA program on my own accord.

Wait, you guys are getting paid?

Philc87 wrote:

my company reimburses the exam fee but not any additional prep courses….and my boss got me a CFA tie 

what a cfa Chad…

No reimbursement, but a $5,000 raise upon passing Level III.

This is a relatively new policy. I work at a mid-size commercial bank where the CFO is a charterholder with an IB background. Although the charter is not required (or particularly common) for my line of work, it’s still a good way to boost my skill set and my paycheck.

I got reimbursed for CFP and incentive points (to get free goodies) which can only be awarded for meetings goals (and the CFP). Total was about $6000 worth.

I got nothing for CFA.

Codtrawler87 wrote:

Philc87 wrote:

my company reimburses the exam fee but not any additional prep courses….and my boss got me a CFA tie 

haha they have those? I don’t want one, i neeeeeed one!

if i knew how to upload pics i would show you guys but its the real deal….not sure when i would wear it without looking like a clown

Philc87 wrote:

Codtrawler87 wrote:

Philc87 wrote:

my company reimburses the exam fee but not any additional prep courses….and my boss got me a CFA tie 

haha they have those? I don’t want one, i neeeeeed one!

if i knew how to upload pics i would show you guys but its the real deal….not sure when i would wear it without looking like a clown

Dude, you passed LVL2 already, you’re smart enough to figure how to post a picture on AF! Just kidding, it’s f@cking so weird and complicated! Flashback to 1995!!!

But I absolutely want to get one. There a bunch of Charterholders at my office and I have never seen a CFA-tie. If I manage to get my hand on one…I’ll definitely rock it one day just to f@ck with my coworkers. 

It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so.

@gwoods , Do you plan on doing the CFP ?

I wanna be a painter