CFA vs. the rest of the world...

[PhdStudent2007]

Hi Guys,

I did a research about different designations for finance. I found
that CFA of CFAI is not the most useful on the jobmarket.
You may read it on myblog on http://phdmbacfa.blogspot.com . Please
comment it, if you have something interesting about it.

I found for example that FSA or ACCA seem to be more useful for the
career in finance.

Student

 

[kastnna]

One thing I can share from experience is that many of the CFAs I know
don't work in the "job market" you are analyzing. If you are looking
behind the analysis desks of large fortune 500 companies then your
findings may be spot on. On a personal financial planning level, I
rarely encounter FSAs or ACCAs. Just my personal observations.

I have met alot of professionals that use CFA in conjunction with CLU,
CFP, and various business valuation designations to enter into the
small independent firm market. For example, one can obtain a CFA and
CLU and then advertise himself as being an expert in both insurance
and investments. To many clients, these two elements make up the bulk
of their financial planning. One person that is qualified to handle
both aspects is often seen as more appealing than having to go to two
professionals.

I suspect it is simply a matter of what type of job you want. Working
in actual client sales probably favors CFA. The analysis and
development work done by large corporations may not favor CFA.

 

[Tad Borek]

I did a research about different designations for finance. I found
that CFA of CFAI is not the most useful on the jobmarket.
You may read it on myblog on http://phdmbacfa.blogspot.com . Please
comment it, if you have something interesting about it.

Sloppy! A PhD student should know better than to suggest that the job
postings that happen to appear on one web site are at all indicative of
the usefulness of the credential. You may have simply proven that web
site to be a poor source of jobs for CFAs (which is true).

-Tad