CFA - Any real value?
The value of the CFA seems to be a highly subjective debate and I haven’t seen any real solid conclusion, so I thought I’d open the floor.
What are your honest thoughts on the real value of the CFA? Beyond simply the skills it gives you and thus how it allows you to be better at your job, but rather the impact it has on recruiting (if any)?
To give some more specific questions:
* Is the CFA worth doing at all, even if cost wasn’t an issue (but time of course still is)?
* How exactly is it beneficial? Specifically, for your respective industry / previous industries, how highly is it valued for a candidate to have?
* More broadly, how do other qualifications stack up? While the CFA may or may not have some value (per the above), the ACA is naturally relevant for accountancy; how would you characterise the hierarchy?
* Bonus question: Any thoughts on how the value of these qualifications will change (likely decrease) as AI gets better at automating the day to day of checking the numbers? It’s clearly not there yet, but take a 3-5 year horizon.
Excuse the slightly clickbait title. For what it’s worth, the consensus of those around me is that it’s probably subliminally helpful, but results are in no way guaranteed and it’s generally pursued as a “hopefully this makes a difference.”
Comment for no bot
Bump, curious as well. Posted on credit thread a similar question
The value of the CFA is indeed a nuanced topic, and opinions vary widely depending on individual goals, industries, and career stages. Here's a breakdown based on the most helpful WSO content:
1. Is the CFA worth doing at all, even if cost isn’t an issue?
2. How exactly is it beneficial?
3. How does it compare to other qualifications?
4. Future Value with AI Advancements
Final Thoughts:
The CFA is not a golden ticket but can be a helpful tool depending on your goals. It’s most valuable for those early in their careers, transitioning roles, or in industries where it’s highly regarded. However, it’s essential to pair it with practical experience, networking, and a strong understanding of the industry to maximize its impact.
Sources: What Distinction is Better - CFA®, MBA, or CAIA?, Why YOU Should Take the CFA® - What it Takes, Once and for all, is the CFA still worth it?
In rough order:
My TLDR - for LO AM, if that's where your heart is set, just get it. Undergrad finance have paths that will have you knocking out L1 by the time you graduate or right afterward. Most firms will pay for you to do it, at least one level.
Bump, very curious
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