CFA Fees are WAY too high

McLeod81 wrote:
“inactive CFA member” technically doesn’t mean anything because you can become a CFAI member without passing a single exam. If you’re going to drop the charter WHILE you are looking for a job, you might as well not bother. IMO all that says is “too cheap to pay the dues” or “doesn’t give a sh!t”.
I wouldn’t have a problem with the dues if they were spent on something worthwile, like making the CFA a more prestigious designation. Instead, they spend the money on things like idiotic logo designs.
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Thumbs up for the logo comment :-)
I think they should spend their money better - all I see out of my fees are countless spam e-mails and that’s not right.
 
higgmond wrote:
I believe it was established on another thread that you don’t actually have to remain a member of a local chapter after you receive the charter, so you could drop that part. I also seem to remember that you can get a reduced fee if you are unemployed for an extended period of time.
I don’t find the dues to be excessive, you can easily pay that much to play in corporate golf events, but my company picks up the tab.
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I verified this with the CFA. You don’t have to pay the local chapter fees to maintain the CFA designation. SO the total cost is “only” $275!
Okay, that is more reasonable. I still wonder what they are doing with $275.
 
How the amount of the due was decided ? Who decided it ? Anyone can advise ?
 
If you don’t bother with the local society, then the $275 is very reasonable compared to many other professional association fees. My annuals dues as a professional engineer are not much different…
Actually, in the case of an engineer, it can become quite a bit more expensive if you have to start having licenses in multiple jurisdictions (states/provinces). At least the CFA is a single, global designation.
 
CFA dues are peanuts compared with actuarial designations (specifically FSA, FCIA) or - as I’ve heard - CGA (I think this may be a Canadian only designation…)
 
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