I`m curious to know if anyone would be willing to sell his charter assuming its a legal act and how much money in USD are you willing to accept to surrender your CFA designation?.. please assume that you can`t sell it then redo it again…I want to know the intrinsic value of this designation
How much would you sell your charter if you had the option to?
- Thread starter calvinoh
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CFAbeatmeup
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- Feb 10, 2015
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Is that your number? If you got $3 million I bet you’d retire and troll AF all day. #TrueStory
TreeFiddy350
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- May 28, 2015
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Market value ≠ intrinsic value
iamMichael
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- May 28, 2012
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Probably
N = 35
i/y = 8%
PMT = 400,000
FV = 0
PV = $4.7MM
At least $4.7MM.
N = 35
i/y = 8%
PMT = 400,000
FV = 0
PV = $4.7MM
At least $4.7MM.
IsThereAny
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- Jul 23, 2013
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Knee-jerk reaction is “no way I would sell”. But if there was a real blank check in front of me, I think I would come around to the idea.
CFAbeatmeup
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- Feb 10, 2015
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Are you saying the CFA will gross you 400,000 after tax each year? I need to move to Canada – you guys cool with African Americans (besides Drake) up there?
cipherap15
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- Feb 4, 2014
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We’re good with everything in Canada. We’re pretty chill.
And you’re not gonna get 400 grand a year from the charterholder. I would sell it for 200 grand maybe even a 100 grand.
I’m also an actuary so dont care as much. 200 grand would be a nice down payment on a house in toronto. Rent it out. Good to go.
And you’re not gonna get 400 grand a year from the charterholder. I would sell it for 200 grand maybe even a 100 grand.
I’m also an actuary so dont care as much. 200 grand would be a nice down payment on a house in toronto. Rent it out. Good to go.
Anyone is welcome to Canada, as long as you don’t go by the name of Phil Kessel. But no you will not gross 400Gs in a land where everyone and their grandmother has the letters. Unless you’re some kind of BSD, in which case the charter would hardly be the sole determining factor, if a factor all.
Topperharley
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- Nov 25, 2013
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You can just lie and say your a Charterholder and it cost nothing. Of course, it’s pretty easy to check the CFA database for Charterholders so one would proabably get caught in that lie.
CFAbeatmeup
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- Feb 10, 2015
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Thanks guys. I was (mostly) joking about the African American bit. I hear good things about Canada. Went to Windsor once (my wife is from Detroit – *hears groans*). I’m in DC, where “finance” means “accounting” and three quarters of people, and probably 60% in the industry, haven’t heard of the Charter. I guess my view on the Charter and your guys’ are totally different. I don’t even think the Charter is huge in NYC, I hear Baltimore, Chicago and Boston have a higher portion of CFAs.
S2000magician
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- Mar 17, 2013
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Wait … you’re African-American?CFAbeatmeup wrote:
Are you saying the CFA will gross you 400,000 after tax each year? I need to move to Canada – you guys cool with African Americans (besides Drake) up there?iamMichael wroterobably
N = 35
i/y = 8%
PMT = 400,000
FV = 0
PV = $4.7MM
At least $4.7MM.
When you move to Canada, will you then be African-Canadian, or African-American-Canadian?
Mentality is different. Indeed, when I worked in NY virtually no one saw the point of having the charter unless you were in equity research. For example, the investment bankers I knew did not care so much but did pursue MBAs. In Canada, CFA is well regarded across many areas of finance and all the investment bankers I know here are charterholders. Heck, my life insurance salesman had the letters. A lot of people do have it in Canada but I don’t necessarily think it dilutes the charter. It’s not like it’s become easier to get.
CFAbeatmeup
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- Feb 10, 2015
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LOL. I guess that would depend if America (read: USA) would still want to tax me. : )S2000magician wrote:
Wait … you’re African-American?CFAbeatmeup wrote:
Are you saying the CFA will gross you 400,000 after tax each year? I need to move to Canada – you guys cool with African Americans (besides Drake) up there?iamMichael wrote
N = 35
i/y = 8%
PMT = 400,000
FV = 0
PV = $4.7MM
At least $4.7MM.
When you move to Canada, will you then be African-Canadian, or African-American-Canadian?
Or I could go African-(North) American to acknowledge Canada and the US are both on the continent of North America.
S2000magician
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- Mar 17, 2013
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African-North American: I like it!CFAbeatmeup wrote:
LOL. I guess that would depend if America (read: USA) would still want to tax me. : )S2000magician wrote:
Wait … you’re African-American?CFAbeatmeup wrote:
Are you saying the CFA will gross you 400,000 after tax each year? I need to move to Canada – you guys cool with African Americans (besides Drake) up there?iamMichael wrote
N = 35
i/y = 8%
PMT = 400,000
FV = 0
PV = $4.7MM
At least $4.7MM.
When you move to Canada, will you then be African-Canadian, or African-American-Canadian?
Or I could go African-(North) American to acknowledge Canada and the US are both on the continent of North America.
CFAbeatmeup
New member
- Feb 10, 2015
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I actually think living in an area with a large degree of Charterholders would increase the charter’s reputation – not degrade it. That way more people know the level of dedication and forgone weekends it takes to attain the Charter and it becomes a “mini fraternity.”
I’d rather have an employer say, “oh, we’ve narrowed this down to five CFA charterholders, of which you are one” than “CFA, what is that…is that like a CPA?” That latter happens in DC.
iamMichael
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- May 28, 2012
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Do you live in Toronto? I know you probably because how many guys have both of these?!