CFAI Annual Report

G

goes to eleven

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It was released today. 85% of total revenues are from CFA Program Fees, i.e. the CFA exam. 47% of expenses are related to the exam. I am not a conspiracy guy, but if exam fees are radically subsidizing the institute, guess where they want to keep their customers?

I think it reflects poorly on CFAI when it appears that the purpose of the organization is to administer a series of tests, as opposed to some sort of advocacy, education, etc.
 
$200MM collected in candidate exam fees. Is it 47%? I thought all exam costs were like $27MMish excluding grader costs.
 
goes to eleven Wrote:
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> I think it reflects poorly on CFAI when it appears
> that the purpose of the organization is to
> administer a series of tests, as opposed to some
> sort of advocacy, education, etc.


That's all the role of CFA really is, is to administer the exam. The whole advocacy thing is a sideshow.
 
libor.plus1 Wrote:
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> wait until Wikileaks releases the internal memos


lol

Or until Julian Assange rapes them too.
 
I didn't look at the report yet. What is John Rogers pulling down this year? I recall the president being very well compensated in past years.
 
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