CFA skills becoming obsolete?

Thanks for chiming in “Destroyer of Worlds”. I didn’t make a point to begin with but rather expressed a concern that industry trends may make the CFA less appealing (perhaps I shouldn’t have used obsolete). Specifically, I’m concerned that the CFA Charterholders are in high demand in the active mgt industry which will continue to shrink. And I may have some gripes about the lack of emphasis the CFAI puts on Quant skills both theoretical and practical. Based on the responses so far I think my concerns are both legit and exaggerated at the same time.
 
you know that saying in karate “don’t fear the belt, fear the man wearing it” ?
well in finance and certification land, I feel like it’s mostly the other way around. no one is going to remember how to calculate by hand the value of a swap after 10 days, what an anova statistic is, or what year the gips rule changed.
it’s “oh nice you have the charter, you are dedicated to your job”. it’s never “wow you must be a finance guru and investing genius”
 
I think your thought is quite right considering the rise of AI and other quant-based investment strategies / declining portion of active bet(active share, tracking error etc.. whatever measure) and shrinking expense ratio etc. Although the knowledge I have learned from CFA Program is important for me to understand quite broad range of financial world, it is not end of goal but starting point to take further steps into narrow things. Nobody knows future of finance. The one thing I can certain about is that the financial world after 10 years or so is quite different from that of today.
 
if you think they are obsolete, just because you don’t fully understand it and not be able to apply it in real word’s cases. To me, the reason why CFA is so popular is because they are updated with the market and the knowledge gained from CFA designation is valuable.
 
I dont think cfa skills are obsolete or else i wouldn’t write for L3 next year. I expressed concern about whether said skills will become obsolete (less useful/appealing/whatever) as the active mgt industry continues to decline. You can point out that even many passive companies like vanguard employ cfa charterholders like others in this thread have done so, but just by saying you the think the cfa is popular cuz it’s keeps updated may mean you’re in for a surprise.
 
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