FVPV

bay.street Wrote:
-------------------------------------------------------
> iteracom Wrote:
> --------------------------------------------------
> -----
> > Omar Adnan Wrote:
> >
> --------------------------------------------------
>
> > -----
> > >
> > > Well I'm in Dubai and it actually does -
> > > .. Other companies increase your salary upon
> > > completing CFA level 1; the increase is
> between
> > > 10-15% from your original salary based on
> what
> > I
> > > have seen .. so Level 1 on its own isn't bad.
>
> > >
> > >
> > > Omar
> >
> >
> > That's nuts.
> >
> > I agree with other posters about L1 doing squat
> > for the job search. 10-15% salary boost
> definitely
> > does not apply to new york. You'll be lucky
> enough
> > to have the company pay for the exam and books.
> A
> > salary boost in NY? in your dreams maybe.
> >
> > Most of the candidates want to get a job in the
> > financial power center's, so there's such a
> > surplus of CFA candidates, especially around
> New
> > York.
>
> Same goes for Toronto



Unfortunately the same goes here in Sydney, most employers wouldn't give an automatic 10-15% pay rise on passing level 1 unless it was written into their contract.

I guess if you are going for a new job, it will show the employer that you are dedicated to learning, but that's about it. The truth is passing level 1 hardly makes an expert in any field in finance.