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SFoyil

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11# 跳转到 »
发表于 2011-8-28 14:52 | 只看该作者
Guys you need to understand the reason behind these numbers:

1) Its obvious the exam is more popular and now the economy is in the toilet more people want to take the exam to gain or maintain employment.

2) The CFA exam until recently has been a North American trend. Outside of the US/Canada it has historically had little recognition. Only recently has the CFA institute been gaining traction in other countries particularly developing countries, accounting for a greater increase in the number test takers.

3) The fact that a record number of people are passing is a result of a record number of test takers. The exam is probably getting a lot more difficult as more people take it the institute raises the bar higher and higher since pass rates demonstrate a declining trend. So even though more people in absolute terms are obtaining the charter, it is simultaneously becoming more difficult obtain.

Conclusion (mine anyway): If you live in North America the competitive advantage of having the charter is diminished. However your charter now has better global recognition and seeking employment abroad will probably be easier (relatively anyway). I think having the charter will also mean more prestige over time since it is becoming much more difficult for any single individual to obtain owing to declining pass rates.

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Swanand

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发表于 2011-8-28 14:59 | 只看该作者
Maybe since the Level 3 test is last (ultimate) and you write the morning session in pen, the journalist decided it would be appropriate to call it penultimate. But that's probably giving him too much credit.

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Colum

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13#
发表于 2011-8-28 15:05 | 只看该作者
Number of Charterholders does not diminish the value..there are millions of CPA's, CA's, etc..they are still highly regarded in their respective fields.

While a CFA Charter is not highly regarded in North America for fields other than Equity Research and Portfolio/Asset Management, in emerging markets particularly in Asia & Middle East, its a substitute for an MBA considering these regions have very few globally recognized universities which are ranked high.

If you're in finance, have worke experience in North American markets, London, Singapore, etc., and hold a CFA charter, you're set in emerging market countries.

Check out efinancialcareers.com for opportunities abroad. the US & European job markets may be bad, but the rest of the world still has a lot to offer in terms of both lifestyle and pay.



Edited 1 time(s). Last edit at Sunday, August 21, 2011 at 02:59AM by Kamisyed.

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Muddahudda

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发表于 2011-8-28 15:23 | 只看该作者
Regions where i noticed the website is best for are middle east, australia, asia pacific region, Europe.

a lot of job posted for U.S as well, but like I said earlier, CFA is much more highly regarded in other finance function (other than IM) in the middle east, singapore, honk kong, etc.

So if you're trying to break in and have been unsuccessful, look at alternatives.

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mp3bu

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15#
发表于 2011-8-28 15:30 | 只看该作者
Can you send the actual link for this article? I would love to respond to this genius.

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DarienHacker

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16#
发表于 2011-8-28 15:42 | 只看该作者
did you all see that he changed the article? I cant find penultimate anymore... lol

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Andreas42

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17#
发表于 2011-8-28 15:49 | 只看该作者
This "huge" number of new charterholders represents .0000017 of the current world population.

Really thinning it out.

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dmrktrading

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18#
发表于 2011-8-28 15:55 | 只看该作者
jdivico Wrote:
-------------------------------------------------------
> This "huge" number of new charterholders
> represents .0000017 of the current world
> population.
>
> Really thinning it out.


And compared to the new MBAs or equivalents, new charter holders are a dime a dozen. Right?

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bpdulog

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19#
发表于 2011-8-28 16:01 | 只看该作者
not to mention current charter holders who are leaving the business. I just don't see it as a negative.

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