That’s the one good thing about CFA: it will never been upstaged by an “alternative”, there is only the argument that Top 10 MBAs are better than or equal to the CFA but as far as a brand name goes, it’s still the king of the hill…doesn’t matter how many they hand out, people still know what it means. Willy
Hey what books are you reffering to Frank would love to read up on good stuff. Could you mail them to me. I’m on deadlydilton@hotmail.com Thanks.
We had a nice discussion at work today; quite a few portfolio managers here seem to have the CIIA-title but don’t bother to use it as it isn’t recognised anywhere. If it’s not dead yet, it’s certainly dying.
WillyR Wrote: ------------------------------------------------------- > That’s the one good thing about CFA: it will never > been upstaged by an “alternative”, there is only > the argument that Top 10 MBAs are better than or > equal to the CFA but as far as a brand name goes, > it’s still the king of the hill…doesn’t matter > how many they hand out, people still know what it > means. > > Willy What if someone decides to make an uber-CFA that really does contain hard material? Almost everyone ends up thinking that nothing on CFA is tough, there’s just a mountain of it. 1) The CFA exams are math-phobic. For example, the hardest math required is the stats that is less than in the “stats for undergraduate nursing students” at Carolina. 2) Derivatives comprise something like 5% of the program which doesn’t match the $250 trillion notional of derivatives out there. 3) Ethics is made up BS that shouldn’t impress anyone. 4) FSA requires you to know mechanics and definitions but not infer anything. 5) Alternative investments is light. You could go through the whole program and not ever learn what ‘convertible arbitrage’ is, for example. 6) Portfolio management stops about 40 years ago. etc., etc.
Just curious, if you don’t mind sharing, what prompted you to get the charter, Joey?