Who pays your fees?

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no_tension

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If I continue to pay from my pockets the fees for CFA It wont be long before I become bankrupt. I have almost spent a fortune on classes and fees. And after this I dont expect to pass.

The fees is ...... high

Is your employer paying for it?
 
Fee ain't to high but due to constant re-sits people end up paying more than budgeted for..,..

For me the employer foots the bill... fortunately.. though for a re-sit i don't know the policy
 
Employer pays the bills (classes, text, etc), but I can only submit them after I pass each level.
 
plyon: that sounds like my company...where do you work
 
I pay for it myself but I've had colleagues who has had their fees paid by the employer. It has to do with whether or not you need the skill for the current job. I didn't.
 
My employer reimburses slightly under $2000 for each level upon submission of receipts.
 
wawa Wrote:
-------------------------------------------------------
> I pay for it myself but I've had colleagues who
> has had their fees paid by the employer. It has to
> do with whether or not you need the skill for the
> current job. I didn't.

This is crap. If you work for an asset manager in any capacity except for admin assistant they should pay.
 
I teach. My employer paid half for Level 1. He paid full for Level 2. I used it as a negotiating chip in a remuneration raise.
 
Danteshek, I was a system administrator of the fund's portfolio management system at the time, I guess that counts as a sort of administrative assistant as it sorts under the IT department. Besides, they had just paid three people who didn't fulfill their studies...
 
My company pays for everything up front, but if I leave the firm within 2 years, I have to pay it back on a prorated basis.

Since this was a new firm policy, though, none of my expenses count because they occurred before the new policy. But, it does affect my bonus if I pass.

If I moved to a new firm, it'd have to come with a nice signing bonus to payback my CFA bonus and entice me to move.
 
wawa Wrote:
-------------------------------------------------------
> Danteshek, I was a system administrator of the
> fund's portfolio management system at the time, I
> guess that counts as a sort of administrative
> assistant as it sorts under the IT department.
> Besides, they had just paid three people who
> didn't fulfill their studies...

Still sucks. People in IT with asset management companies still need to know the CFA stuff. They especially need to know the material if they are designing IT systems to manage portfolios!! I don't understand half the shi*t on our systems. Some pretty smart people designed it.....
 
University footed the bill for text, registration, and test fee for level 1. Unfortunately I'll probably end up paying the bill the rest of the way depending on where I end up working.
 
I received a scholarship from my local CFA society for Level I, but I have to pay for books. Hopefully, this time next year I'll be working for an employer who will help foot the bill for II and III. Right now, I'm maxing out my education benefits at work with grad school.
 
Out of pocket. It has been a busy summer trying to get all the funds for the book, joining, level 1 sit!
 
My firm doesn't cover fees, but they offer a full week off to study before the exam.

Compared to an MBA or MS in Finance, CFA is a bargain. Therfore, I feel like I'm getting over by paying between 1100 and 3000 per year depending on the extra resources I choose to employ i.e. in class sessions, notes, practice exams.
 
I guess I'm lucky in that my firm covers all my expenses for the exam. Thank goodness!
 
Here's a tip!

I just had an ER interview. The recruiter asked what my current employer did for the CFA program. Like an idiot, I bragged how my boss paid full amount and gave me time off to study. That was a dumb answer, I think the interviewer wanted to know if I had the initiative to pay for it on my own nickel and studied for it on my own time!
 
Employer considers it continuing education of which I can be reimbursed up to 5,000 per year.
 
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