The problem is, Finance simply does not have enough quality professional designations besides CFA

Ali_Nili1987 wrote:
Phewwwwww
HOW MANY ACCOUNTING DESGNATIONS ARE THERE ?ASA ?what is that ?How about NASA?
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Every country has a accounting designation.
ACCA/CPA are global.
 
I think we’re all forgetting about the all-powerful CFAI Claritas certificate.
It’s so rare and powerful, I have yet to meet anyone who has it or is even willing to take it.
 
FWIW I’d rather only have a handful of quality and respected certifications. Let the alphabet soupers have fun.
For some of those professions: IB at junior level are drones, senior levels its who you know. VC its a lot of who you know. Certifications won’t be of much use there regardless of what they are ER recognizes the CFA though, not sure who said they don’t.
 
krazykanuck wrote:
FWIW I’d rather only have a handful of quality and respected certifications. Let the alphabet soupers have fun.
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totally agree. And I would give a weary eye for someone who felt it was necessary to get 5 finance designations. Real performers kick butt on the job, not on the tests
 
It’s because at the end of the day, finance is soley about making money, we don’t care about saving the planet or creating life-changing products for retail consumers. Certifications only do so much, experience and results are what counts.
 
itera wrote:
krazykanuck wrote:
FWIW I’d rather only have a handful of quality and respected certifications. Let the alphabet soupers have fun.
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totally agree. And I would give a weary eye for someone who felt it was necessary to get 5 finance designations. Real performers kick butt on the job, not on the tests
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I don’t know if I agree or disagree with this.
My ambivalence toward the CFP has been noted on here before. I’m quite certain that anything I need to know to do comprehensive financial planning will be learned OTJ, and I think there’s very little of real value that I can learn from the CFP program.
That being said, the value of being a CFP isn’t what you know–it’s what your clients THINK you know. And if your clients think that having a CFP makes a person educated about all things personal finance, then that perception becomes reality. And they’re more likely to seek the advice of a CFP than a CPA/CFA, as misguided as that may be.
 
krazykanuck wrote:
FWIW I’d rather only have a handful of quality and respected certifications. Let the alphabet soupers have fun.
For some of those professions: IB at junior level are drones, senior levels its who you know. VC its a lot of who you know. Certifications won’t be of much use there regardless of what they are ER recognizes the CFA though, not sure who said they don’t.
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It all depends on your age.
If a 22-24 year old guy can complete CFA/FRM/CAIA/ACCA etc while still being in college for postgraduation then it is completely fine.
If a 30 year old guy is still trying to create an alphabet soup with 0 work exp then it does not look good.
 
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