CFA Exam Registration Fees Hiked

[jazzy_js]

Item
by
19 September 2012
11:59 p.m. ET
by
13 February 2013
11:59 p.m. ET
by
13 March 2013
11:59 p.m. ET
Total
$1,080‡Register now
$1,180‡
$1,545‡
Program Enrollment
(new Level I only)
$440
$440
$530
Exam Registration
$680
$780
$1,055
CurriculumeBook version
save $40
save $40
save $40
It’s painful to see the registration fess increasing, considering i am retaking the exam. It may seem like a increase of only ~USD 35, but every increase in Dollar hurts us badly

 

[BBUI]

I noticed this yesterday. They even overcharged me 40$ before realizing it and offered a refund today.
Even worse for me with the weak euro compared to last year.
Do you feel better already? lolz

 

[jazzy_js]

We sailing in the same boat……every increase in dollar pinches, as INR is the most depreciated currency against USD since March 2011 (Emerging Markets) and we dont see any appreciation happening anytime soon

 

[EddieChen]

I expect everyone taking CFA exam knows what inflation is.

 

[jazzy_js]

Yes everyone does know about Inflation, but for a institute which is not for profit, i dont see any reason why the fees should be hiked considering the maths below
In June 2012, across all 3 categories ~139,000 students registered for the exam. So, if i consider average USD 700 per student (pls note that students who register for first time pay ~USD1,080 approx )
139,000*700 = ie whopping USD 97.3 million revenues per year.
I am not even considering the annual membership fees that the Institue charges.
So, do you think that they are the ones who would be impacted so much by inflation, when they are earning USD 90 million in revenues every year???

 

[EddieChen]

Do you really think “not for profit” means no profit? At least, I don’t.
By the way, rumor says that CFA spends a lot of money on exam questions design.

 

[jazzy_js]

Bud,
I did not mean that not for profit means no profit. How much do you think their Net Income would be?? I guess being in a service industry it should be at least 20%, so that tranlates to a ~USD 18 million profits…..