AuthorTopic: CFA and big bucks
jaypee
@2006-03-01 06:35:26
People who take the CFA for the money earning potential suck...you should take it because you love finance and number crunching, you a-holes who take it for the money make me sick, its like joining sports b/c you hope to get into the NBA or moving to Hollywood b/c you hope to be a star, you've lost the love of the sport and no one wants you on their team, plus you look reallly stupid, think how stupid the chick who thinks she'll make it big in hollywood looks. TAKE THE CFA FOR LUV OF THE "sport". The bucks follow.
Bosmon
@2006-03-04 23:56:26
I have to agree with Help. Do this stuff because you have a genuine interest. The bucks will follow. Do the course any other way and you will be miserable.

Bosmon
SWarren
@2006-03-07 10:24:12
Anyone (that is not an academic) that claims that they are not taking the CFA to advance their career and make more money is a liar. If you were truely taking the CFA for the love of finance and higher math, then you would already have or be working on your PhD and would more than likely be teaching at a University somewher. Come on -- Get real. Most people are taking it because they want to get ahead. This discussion is no different than the standard questions asked and answered in most interviews such as "Why do you want to work in this industry or for this company?".

Steven Warren
Cata
@2006-03-09 08:20:17
LOL! you're pathetic! 'Course the main reason obtaining the CFA (or ANY other proff qualification) is to advance in your career! why to advance? for money, of course.

Let's assume you don't do it for money. So, why to advance in career? you could remain a junior whatever forever. or even study for your sake at home, in your spare time - and be an painter.

And also, why to study for cfa??!?!?! it is clear it's not the best-brilliant-most forward or intelligent thing you can study - show me a guy who won Nobel award in Economics just or even with CFA!! ....are you interested ONLY in number crounching? ......go to a library, monk!
tope
@2006-07-25 13:54:37
I understand love!!! But u want to also to earn right? Don't u want to gratified for all ur hard work reaching CFA 1-3? Don't u want to spend more time with ur family rather than work 4 free right?

I'm just wonderin life is short & crunching numbers all day isn't what life is about!!! U'll realize that when u reach 50 or somethin!!!

Think about it!!!
IBWork
@2006-08-16 11:51:15
do it for the love!!!! LOL what a joke. get serious people.
BobLenin
@2006-09-09 15:44:58
The economy rewards with BIGGER BUCKS the MORE EFFICIENT workers.
When you love what you are doing
you become more efficient
and you can earn more money.
CFA designation also helps us be more efficient
because of the deeper knowledge of the finance area.
So both "LOVE" and "CFA charter" help us earn BIGGER BUCKS.

And probably when you LOVE finance area
and hence in order to increase your love
want to be more proficient in the finance area
then CFA charter can help you.

In this case you'll have one more reason
to be more efficient and to earn BIGGER BUCKS
bschawla
@2006-09-20 11:43:35
Read Ricardo Semler's Seven Day Weekend.

You will get the answer to your question!

I am thinking of doing CFA because I want to learn how to invest. And exams are the only way I have found that I can learn something - they give me the challenge.

I have no background in this area - am an IT person - have all the education needed there.

Hopefully I will learn enough to meet my goal.
dinks
@2006-09-27 06:45:25
Bravo,

I agree with bshawla. I am from Science background and in IT field right now. While doing my MBA, I got very much interested in Finance and so started thinking about CFA... just for the knowledge and see if it helps in future. If not for job, at least I can use it for better investments decisions. And I need to take exam to study well.

So I hope it helps...
ddv718
@2006-10-28 15:17:02
It's really sad if you pay over $1,000 and kill yourself studying just because you have nothing better to do with your time! Drop the denial. Yes, we do it for the money. People in this industry are money-hungry! And yes, saying that in an interview will only work in your favor!

Your denial reflects a negative attitude that will get you nowhere fast. Good luck trying to find motivation to wake up early on a saturday morning to study just because it's so damn appealing!
JAKAL2
@2006-11-04 12:59:18
Assuming the job is finance related, a CFA charter(after june 2007) WILL make more money than a person who has just passed the three exams but is not awarded the charter. The simple reason being, the revised work experience guidelines are structured in such a manner that the four years of experience that one has to accrue is directly related to finance. Thus, a CFA charter holder will have more finance experience than a non charterholder and will be preferred and paid more.
pelangi
@2006-11-21 03:19:07
i agree with jaypee..so if you fail atleast you have tried hard & you enjoy it, otherwise you'll regret for so much money you've spend and no return at all
dydo
@2007-11-28 05:53:35
people its all about the money hey its not bad to like money afterall everyone is looking for it.the love and comittiment has to be paid and thats money
jackstraw
@2009-02-03 21:29:09
fool
sorosII
@2009-02-18 17:37:27
how about we say the following...
It IS about the money, but it is because of the money, we can buy freedom to do the things we love, such as learning a new skill, go on vacation, do things like Steve Fossette did; and because of the money, we can buy freedom to do things we love, e.g., cruching numbers and take CFA exams without worrying about money. (what a zen duality...heh)
bmarchewka
@2020-04-29 22:29:49
What is money? What is money to you? These are good questions to ask yourself. Also, what type of person are you? How can you best fit in with society to live a happy and fulfilled life? These are good questions to answer as well. Money is criticised by some as a mere managment tool. To an extent I agree. I also can't deny that a great portion of society, particulary in the civilized/developed/semi-free world, runs on money and without it there would be near chaos. Money is a tool for building one's world as well. This is my favourite way of looking at it. If you don't have the necessary greed to build what you want for yourself you may as well not be living properly. Money can also be used to build things for others as well.

"Love for the game" arguments aren't really what I'm about. I'm not a sports or a video game guy and I only like learning math when I can apply it to something.

It is not wise to steal. As an investment professional - or any professional - you become able to sense if theft of some kind is going on where you are. If it is and you are somehow a part of it, it will probably come back to haunt you down the line.

Just my TWO CENTS haha. Hope this helps some of the confused souls out there. I had to work to sort through all this...

CFA Discussion Topic: CFA and big bucks

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Craig Baugh