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L3Crucifier, that is not quite a fair statement.  Like anything else, the CFA is what you make of it and is only another credential like a college degree.  The CFA program has provided education and financial knowledge to thousands of people, even those who only sat for level I and failed.  I think it is fair to say that the material in level I is nearly equivalent to the curriculum of a finance undergrad degree.  That is worth something in its self.  It is true that if you do not plan to work in investment management, the CFA is not worth pursuing and you would be better served choosing a more generalist program like an MBA or MA in management.

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