I have recently also sat for the CFA Level 3 exam, I’m not sure about my performance, but there is a question constantly bothering me. Will becoming a CFA charterholder add value to my career?
I know you all studied very hard, spent a lot of time, and had lots of stress in the process (including me) while studying and sitting for the exam, but just think about it. You pay a lot of money for registration, exams (some pass at first attempt, others not), you spend several years of your life to study, give up the valuable time of your life which you could spend with your family and friends, give up fun, gym, and partly your health, in the end just to put those three letters at the end of your name? In addition to all of these hardworking, commitment, and stress, you have to pay $250 every year just to keep those letters there. I have recently been to many interviews, and I can say that passing the CFA exams doesn’t make any difference. They are still going to ask the same questions, and if you have a good knowledge, and relevant experience, you can answer the questions and qualify for the job, you don’t need to have any charter.
Isn’t it just better to have a Master’s degree, MBA, or PhD, which gives you a specific knowledge and academic degree, while you don’t have to pay any subscription fees every year? You will have less stress studying (we mostly study CFA while working, which adds stress), get to increase your network, and still gain the same knowledge. I don’t see any benefits of becoming a member in any society, and I think that the charterholder reference should be given without any fees, or there should be any additional advantages for those who pay the fee. Please, update me, if I don’t have any additional information.