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CFA Benefits

Posted on 1/12/14 at 4:55 pm
Posted by texastiger7
Houston
Member since Oct 2010
255 posts
Posted on 1/12/14 at 4:55 pm
Anyone on here taken any/all of the CFA tests? If so, how has it benefitted your career?

I'm 6 months in as a credit analyst for a commercial bank and am trying to decide if it's costs/time commitment will outweigh benefits. Thanks for any input.
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 1/12/14 at 5:14 pm to
Pros- highly marketable professional designation, pay increases, essentially a Masters in Finance. Relatively cost efficient when comparing the total cost to become a charter holder vs. getting Masters.

Cons- you have to sell your soul for 3-5 years.
Posted by bigblake
Member since Jun 2011
2502 posts
Posted on 1/12/14 at 11:50 pm to
(no message)
This post was edited on 1/27/14 at 12:51 am
Posted by K E V 8 4
Member since Jul 2010
608 posts
Posted on 1/13/14 at 7:13 am to
I did and completed Level 3 a few years back. I'm a bit of an oddball, as I have an engineering degree and do not work in a field where the CFA brings much (tangible) benefit. I did it as a "poor man's MBA" and, at the time, was traveling a lot so the self-study aspect was attractive.** Oh....and I'm old...started and completed CFA program after 40 (something like 7% of all active CFA candidates are in that older age group).


** Also did it to help manage my portfolio of millions post-retirement!
Posted by K E V 8 4
Member since Jul 2010
608 posts
Posted on 1/13/14 at 7:17 am to
Oh...and don't buy the "sell your soul" stuff. If you are reasonably intelligent you can fit it (study requirements) into your life - you just need to be disciplined and not blow it off.
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