“If you’re asking me this, probably not”
I wanted to get some kind of reaction and it worked. Within minutes the guy asked me why I would answer that. Here are a few of the many reasons why:
–Getting a job in finance is easy, getting a great one is though: If you’re not sure that the CFA is worth the effort, then you’re probably not the type of person that will be willing to do what’s necessary to get the job anyway… sure there are exceptions like having great contacts, etc. But as a general rule, I think that those that end up with the best jobs would see the benefits and just dive into it.
–You should welcome the challenge: In a world where setting yourself apart is increasingly difficult, a program like the CFA is actually a great opportunity to set yourself apart
-It Doesn’t Have To Take You 800 Hours: I know that many think it’ll take you months and months but as I explain in my ebook, it doesn’t have to be that way. It’s much more important to be smart about how you’re studying, what you focus on, etc. You can take a look at my ebook for more info
–Yes the benefits are important: If the average CFA charterholder is making $200K or so per year depending on the location, then I think it’s safe to say the benefits are significant. Not convinced yet? Take that extra 100K for example, every year and calculate the present value… how much is that benefit worth? I’d say it’s a no-brainer
–If You’re Unsure Now, Wait Till It Gets Tough: The CFA is certainly not easy. But if you’re not even sure it’s worth it before starting, wait till you’re in your final month, lacking sleep and time to hang out with friends and family, and unsure that you’ll even make it
What are your thoughts? Are you considering taking the CFA exams but unsure if it’s worth it? I’d love to hear from you