The cost of 3 letters....

CFA General
#1

I feel ashamed as I just broke a promise I made myself… I remember thinking while being a candidate that I would never complain about the membership dues should I pass… well, last year, right after passing my LIII, I did not mind one second paying the $450 (CFAI + local society). But this year… this is hard… not only I have to pay the $450 renewal fee but also another $360 for my CFP due at the same time. This is $810 in total… could have really put this to a better use…

#2

Your firm does not pay for it?

#3

Nope! I’m in retail brokerage. We pay for our own ink and toilet paper. All I can do is deduct it.

#4

What do you think helps more with credibility? Do your clients know what the CFA is?

#5

Absolutely not. Some of them know what the CFP is and this is thanks to that Susan something that used to speak on msnbc

#6

ah, well i’m sure the designations have paid for themselves.

#7

I am also questioning paying both CFAI and NYSSA as they have done nothing to improve their JobLine or listings…in fact as long as NYSSA continues to use efinancial careers I will refuse to pay them

#8

I would not pay for it (my company does because they write my name in their promotional stuff). Unless you’re looking for a job, there is no need to add the letters after your name anyway.

#9

still on level 3, and i dont plan on paying the dues or applying for membership. i have the workexperience

#10

mo34 Wrote: ------------------------------------------------------- > I would not pay for it (my company does because > they write my name in their promotional stuff). Im sure most employees don’t even do that. I am the only one pursuing CFA in my firm. My boss bragged about his employee as a CFA level 2 candidate on the company website but they don’t cover any of the cost!! I asked to give holidays grant at least (so I don’t take days off from my vacation days), they didn’t even consider that.

#11

i am actually just going to use the letters. what is the institute going to do? sue me?

#12

sumz Wrote: ------------------------------------------------------- > mo34 Wrote: > -------------------------------------------------- > ----- > > I would not pay for it (my company does because > > they write my name in their promotional stuff). > > > Im sure most employees don’t even do that. I am > the only one pursuing CFA in my firm. My boss > bragged about his employee as a CFA level 2 > candidate on the company website but they don’t > cover any of the cost!! I asked to give holidays > grant at least (so I don’t take days off from my > vacation days), they didn’t even consider that. I believe you work in Saudi Arabia. That’s outside the jurisdiction of the CFAI :slight_smile: so I guess your employer couldn’t care less about the code of ethics.

#13

Why can’t you just say “passed level 3 cfa exam” once they see your work exp, they’ll know what is up.

#14

CFA = marketing value If my employer didn’t value it or pay for it, then I wouldnt use it. I’d advertise it on my CV when I applied for a job if it was useful and get the next employer to pay for it.