CFA Scholarship

[chibwack]

I think its bullshit. CFA is professional, scholarships IMO detract from the prestige of getting the charter. If you need sponsorship, get your boss to do it!

[krazykanuck]

@stormyhotel

So you dont support need based assisstance yet you would gladly accept money you dont need? Why should we pay you $250 to take the CFA exam? Clearly the $250 was not a motivation or an incentive for you to take the exam because you would have paid it regardles? Incontrast the $250 would have been a deciding factor to somone less fortunate.

Are you seriously telling me that if you were in my shoes you would have said, “No thanks, I’ll pass on the fee waiver and pay the full amount myself.” Even though it would change nothing except your bank account would have a few hundred fewer dollars in it? Of course the reduced fee was an incentive. It changed my mind from “I am likely to take this exam” to “I am definitely taking this exam.” Then I passed and gave CFAI ~$700 of my money to take Level 2.

Anyway thanks for allow my replying to trolls quota for the day stormy.

[higgmond]

@chibwack

I think its bullshit. CFA is professional, scholarships IMO detract from the prestige of getting the charter. If you need sponsorship, get your boss to do it!

So you would support increasing the cost of each exam to $5,000 and annual dues to $1,000 to increase the prestige of the charter? Of course all increases would be retroactive, so if you just took L1 you’ll be getting a bill for the balance and I’ll receive a bill for my exams and past dues as a charterholder. Anyone who cannot pay or chooses not to pay will have their test results voided or their charters revoked.

[Turd_Fergeson]

@stormyhotel

I fully support reducing costs to CFA participants. However, like I said earlier, CFAI should lower costs to chartered members first. Many experienced CFA charterholders decide to let their charters expire due to high membership dues. The quality of the Many experienced CFA charterholders decide to let their charters expire due to high membership dues". LIAR. Who would go through this hell and sacrifice and then get their membership dues and be like " oh shit. I didnt realize my membership bill is gonna be this high. I cant afford to pay my dues. I better drop CFA before I become bankrupt."

i can think of several off the top of my head who dropped the designation to save the fees while they were getting their own businesses up and running. it happens.

[The_Righteous_Hacksa]

I know quite a few as well, especially here in India. When I needed refererals I had a hard time finding anyone who was actually an active member. Most get their charter and let it lapse here.

[itera]

^ I can understand if some let it lapse, but “most let it lapse” is surprising to me.

[usj2]

My 2 cents:

My original plan was also to let mine lapse, as it doesn’t cost anything extra to ‘reactivate’ the charter. Plan was to activate it only if I needed to (i.e. looking for new job, need the networking opps, etc).

Having said that firm is currently covering the dues, so why not.

[chibwack]

@higgmond

@chibwack

I think its bullshit. CFA is professional, scholarships IMO detract from the prestige of getting the charter. If you need sponsorship, get your boss to do it!

So you would support increasing the cost of each exam to $5,000 and annual dues to $1,000 to increase the prestige of the charter? Of course all increases would be retroactive, so if you just took L1 you’ll be getting a bill for the balance and I’ll receive a bill for my exams and past dues as a charterholder. Anyone who cannot pay or chooses not to pay will have their test results voided or their charters revoked.

That’s not what I’m saying at all. If it did actually cost that much, I might have a different attitude regarding scholarships. But as it is, the price is high enough to make candidates fairly serious about it, and low enough that anybody who’s qualified (read: paid thousands of dollars for an undergrad already) has the resources to pay for it themselves.