Company drastically cutting "educational" stipend

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jpliszka

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In addition to a 40% increase in my health insurance and a 15% increase in transportation. In 2009, we'll now only get $750 for CFA educational materials as opposed to $2000 we got in 2008.

Before you lash out at me and tell me that your company doesn't even offer a penny, please note that I'm a recent grad and the extra $1250 that I'll have to come up with isn't exactly easy.

Thanks for letting me vent...
 
What if you tell them they don't need to give you any money if you fail, but they pay the full amount if you pass?

- Ray
5 million. 10 years. http://blog.5m10y.com/
 
A lot of firms seem to be doing that. Hopefully, this - with the number of people leaving the industry may lead to a reduction in prices... Maybe I'm being to optimistic
 
My firm is doing that to me. I'm grateful for that--yet another incentive to work my ass off.

- Ray
5 million. 10 years. http://blog.5m10y.com/
 
My company pays for 4 attempts to pass all 3 tests, and provides 4 paid study days, so I really can't complain
 
jpliszka Wrote:
-------------------------------------------------------
> In addition to a 40% increase in my health
> insurance and a 15% increase in transportation.
> In 2009, we'll now only get $750 for CFA
> educational materials as opposed to $2000 we got
> in 2008.
>
> Before you lash out at me and tell me that your
> company doesn't even offer a penny, please note
> that I'm a recent grad and the extra $1250 that
> I'll have to come up with isn't exactly easy.

WELL I AM STILL GOING TO LASH YOU OUT because i am a recent graduate too WITHOUT a job. I am ready to work for @#$%& , F*K incentives, insurances & benefits!. I am going to have survival issues soon, if working at McDonald's didn't hurt my future prospects I would have done that by now.

People are just so thankless!
 
I hear ya, it's a crappy time to be graduating and I'm 2-0 on graduating into recessions which is starting to get laughable at this point. I graduated with a Comp Sci degree in 1999 just in time for the dot.com bubble to burst (w/o making me a zillion dollars like I was promised I might add). I did have a job for about a year and then spent the better part of 2001 unemployed. And this summer I graduated with an MBA straight into the middle of the Great Depression #2 and the death of investment banking. Fortunately this time around I wasn't an investment banker to begin with and since I was a working evening student I didn't have to look for a job and my company was paying for most of grad school. So I seem to be getting somewhat better at this whole school/work thing anyways.
 
My company says they will pay for it but they refused it. They don't give time off to study so basically my trip to Europe, Mexico etc will have to wait.

Ah well, life sucks..
 
surveyinn Wrote:
-------------------------------------------------------
> jpliszka Wrote:
> --------------------------------------------------
> -----
> > In addition to a 40% increase in my health
> > insurance and a 15% increase in transportation.
>
> > In 2009, we'll now only get $750 for CFA
> > educational materials as opposed to $2000 we
> got
> > in 2008.
> >
> > Before you lash out at me and tell me that your
> > company doesn't even offer a penny, please note
> > that I'm a recent grad and the extra $1250 that
> > I'll have to come up with isn't exactly easy.
>
> WELL I AM STILL GOING TO LASH YOU OUT because i am
> a recent graduate too WITHOUT a job. I am ready to
> work for @#$%& , F*K incentives, insurances &
> benefits!. I am going to have survival issues
> soon, if working at McDonald's didn't hurt my
> future prospects I would have done that by now.
>
> People are just so thankless!


Yeah, I'm somewhat in the same boat I guess...
 
> WELL I AM STILL GOING TO LASH YOU OUT because i am
> a recent graduate too WITHOUT a job. I am ready to
> work for @#$%& , F*K incentives, insurances &
> benefits!. I am going to have survival issues
> soon, if working at McDonald's didn't hurt my
> future prospects I would have done that by now.
>
> People are just so thankless!


Take it easy bro. I worked really hard in college, landed solid internships because of my grades, and landed a good job because of my internships. I went to a non-prestigious public high school and a tier 2 private school 1000 miles from my hometown. I knew absolutely no one when I moved here and certainly had no connections to piggy back off of.

While my tier 2 private school degree sticks out like a sore thumb in conversation amongst my colleagues, (all of whom went to Princeton, Duke, Stanford, UChicago, Notre Dame, Michigan, Northwestern, Amherst, etc) I worked really hard to get to where I�m at, fit in very well alongside them, and am certainly very thankful for the opportunity I�ve been given.

I have several friends in your position, and am certainly sorry for you. Nevertheless, my post was simply to express displeasure and I was wondering if anyone was experiencing a similar situation. Since you're not apart of that category, your lashing out of me was unnecessary and immature.
 
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