Is there a Job that only a CFA Charterholder Can Do?

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FreakAnalytical

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Is there a Job in this world for which holding the CFA Charter is Mandatory ? Like, to be an Auditor, having the relevant accounting charter (In the country of practice) is mandatory !
In A field like equity research, which uses the most of the CFA Program Knowledge, Having CFA Charter is PLUS.,but not a Requisite.,as you can easily get into this career with an MBA also. (and more easily if you have degree from a Premier B School).
 
CEO of the CFA institute? But other than that probably none.
 
I thought so.. This is ONE of the reasons i have started to feel that CFA is the least rewarding of all the certifications in the finance field..
 
^ Ha. To argue that it may not be worth all of the time and effort to obtain is one thing, but to claim it is the least valuable finance designation is ridiculous. It is the most highly regarded designation in the field.
 
more and more on job postings I am seeing outside of X amount of years experience, most are listing MBA or CFA…nothing else.
 
If you want to start a firm as an investment manager, it will make the process MUCH easier if you are a CFA Charterholder.
 
FreakAnalytical wrote:
I thought so.. This is ONE of the reasons i have started to feel that CFA is the least rewarding of all the certifications in the finance field..
Click to expand...
damn, less rewarding than claritas? :(
 
FreakAnalytical wrote:
Is there a Job in this world for which holding the CFA Charter is Mandatory ?
Click to expand...
Sure. a job that’s looking to hire a CFA charterholder for the sole purpose of teaching CFA candidates.
in the finance world? No.
 
This is the difference between a certification (or charter) and a license. Accountant and Actuary designations (along with lawyers, doctors, plumbers, etc.) are licenses. Generally a license will serve to increase wages and decrease employment volatility in the field, by restricting supply. Finance however doesn’t really have a license, though you could argue that NASD exams are a license of sorts but they are too easy to get to really act like a license. So I think of the charter as a signalling and networking tool, so it will provide “soft” benefits as opposed to the a licenses “hard” benefits.
 
i’m sure one day it will be a requirement to be a research analyst and publish reports. in 20 years, when basically every analyst has the CFA anyway, you could then make it a requirement of the job and add some unique prestige to the charter. doing it now would probably put a quarter of all analysts on the street. i guess you could phase it in and give current analysts say 5 years to get it done or something.
 
^ Employers will not ignore a solid candidate with great experience that can make the firm $$$ if he doesn’t have the Charter. Not today, not in 20 years.
 
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