Asking company to pay for CFA / other during this environment?

Obviously we are in a horrible and unprecedented business environment. 

I work at a small commodities trading shop. They have paid me very well up to this point, and supported my career. Of course I work very hard and earn every bit of it.

It's a very informal environment compared to most of the investment banks, etc on here. Professional designations, etc don't really carry much weight. 

Nonetheless, I asked if they would pay for me to write level 1. They said yes without much thought. 

I passed, and am now looking into the next level. 

I'm just wondering if I should ask them to pay, or if I should just pay myself?

Really, it's something I'm doing for my own benefit. It doesn't really do much for the firm in my current job. 

The registration fees are truly a drop in the bucket for the company, and it would probably be a simple 5 minute yes or no conversation. 

But I'm wondering if it would come across poorly. Again, it's an unprecedented business environment, and I'm just lucky to still have my job. They have done things like suspend expense accounts (no client entertainment, of course), and other. I'm paid well enough for the registration fees to not be a big deal to me on a personal level. They still gave me a great bonus during Covid. 


What do you think?

 

There should be a company policy for continuing education. Also they would only reimburse you if you pass so I would say pass the exam first then think about it. If it is directly related to your work or makes you a better analyst for example your manager would be happy to approve this. Just pass it first because many people dont pass from first try

 

There is no downside to asking, especially if they paid for you to sit for level 1.  If they say no, then you pay for it.  If the company is not profitable, you might not want to ask them to pay.  

 

Sint officiis ea corporis et nihil et. Laboriosam soluta quod repellendus sed illo. Accusantium sit sunt modi quia iste veritatis. Accusantium illum facere velit hic repellat. Aut velit alias nemo tempore et doloribus doloremque.

Et hic optio aliquid consectetur voluptatem amet doloremque. Molestias a sint dignissimos aperiam fugiat repellendus. Aliquam nulla eveniet est mollitia consectetur fugiat. Accusamus facilis provident earum eos explicabo fugit asperiores. Amet vel rem mollitia debitis dolore illum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”