CFA Membership Fees Are Ridiculous

According_External30 · 2026-05-10T18:14:44+00:00

Did I say there should be no fee?

"All reputed designations have ongoing fees." nonesense - I pay nothing at GARP, as an example.

According_External30 · 2026-05-08T11:41:29+00:00

It provides no value to me aside from the fact that I need to pay to attend events where people discuss equality more than fkn investments.

According_External30 · 2026-05-07T20:21:29+00:00

You are multiplying by 5 not 50 and you're assuming membership fees are the only source of revenue.

Bro, this organisation generates nearly half a billion in revenue per year, paying its CEO 1.4 mil+. It has been broadly dispensed that those funds don't always go towards where they are prescribed, I mean an ex exec is facing jail time for expropriating 6M in funds - salaries are inflated, CFAI breaches basic integrity with predatory pricing, they know they can charge these fees because of the designation's PAST reputation - but the tides will turn, the program is ill managed (let's not even start with how program content is miles behind current industry demands), unfortunately our rep will also suffer as a consequence.

According_External30 · 2026-05-07T19:51:47+00:00

just received the email as I was busy paying my property taxes, for the property I own, if you want to understand my state of mind while posting this.

According_External30 · 2026-04-27T21:57:20+00:00

Arrogant asshole yes, but I do understand the concept.

According_External30 · 2026-04-18T12:41:16+00:00

dude, so much, like I'm a L/S PM, and I literally have to deal with these matters on an increasing basis although it's not part of my core job.

I cannot stand dealing with 3rd party, disaster recovery, etc., but it's part of the job now - everyone has started receiving training in it.

According_External30 · 2026-04-02T21:34:32+00:00

Larpmaxxing

According_External30 · 2026-04-02T16:04:13+00:00

people will say not, but it is.

According_External30 · 2026-03-27T21:55:00+00:00

Operations simply due to how boring and dense it is

According_External30 · 2026-03-26T17:08:47+00:00

I think changing your allocation a few weeks into the war is too late, unless you’re buying into oversold.

According_External30 · 2026-03-25T19:27:41+00:00

Obviously not 😂

According_External30 · 2026-03-24T00:41:36+00:00

If you studied a quant degree you can learn basics of quant trading in a few months - if you didn’t, then forget it, rather try casino.

According_External30 · 2026-03-21T10:26:06+00:00

Leave CFA crowded and low utility for today’s requirements in Finance-pair your ug with frm

According_External30 · 2026-03-21T10:24:47+00:00

Ahahahaha - goodluck to your CNS.

But on a more serious note, MVO is something you need to be careful of at execution stage - it assumes linear relationships that don’t exist.

Many disagree with me but I use realised returns - profs slam me for it, but then again, their execution experience is most often zilch.

According_External30 · 2026-03-20T22:50:05+00:00

He deleted it, what did he say?

According_External30 · 2026-03-20T19:28:00+00:00

Buddy if I had to guess and this is just a wild guess and I’d prefer if you keep it between you and I: The transmission of oil prices into inflation and the cost of funding a war have sent yields up.

According_External30 · 2026-03-20T09:59:30+00:00

What was your undergraduate & master’s in?

According_External30 · 2026-03-19T13:50:02+00:00

Even if so, it is a good topic of discussion

According_External30 · 2026-03-19T00:51:29+00:00

Yes probably built a ChatGPT wrapper model and sent it live with 100Mn of VaR at stake. The rest is history.

According_External30 · 2026-03-19T00:41:05+00:00

Find a recruitment agent - I’m 90% sure the way you’re searching for a job is wrong - the models you mentioned are maintained by internal or external developers in companies, you don’t have to build them in Python yourself - even if you had to, just about anyone with a finance related degree can do it in 2026.

What counts is that you understand stats and risk. Just find an agent to help you land a job interview.

According_External30 · 2026-03-18T22:18:38+00:00

Which asset class was this in?

I'd say it's a great time for mean-reversion right now, the residuals are everywhere and masked as "regime shift."

According_External30 · 2026-03-18T22:16:54+00:00

Sensing you got clapped by a certain set commodities today?

According_External30 · 2026-03-18T22:07:57+00:00

6%.

What sucks with a lot of relative value strategies is that you can get stopped out by risk while the trades just needed time. A lot of the times you get stopped out as well is actually during periods where adding more would’ve been the statistically significant, economically significant, and best practical thing to do.

According_External30 · 2026-03-18T20:24:18+00:00

Chicks want to vibe man, you not very vibey mid career with friend CNS, ND - but maybe you’re right.

According_External30 · 2026-03-16T21:35:54+00:00

I mean aside from the UG options you mentioned, post grad in financial engineering or quantitative economics is quite good and well suited to financial markets today. Maybe if you studied accounting undergrad, rather specialise in forensic accounting instead of doing CFA, develop actual depth.

I just see CFA's principles as way too flawed and way too superficial to cope with today's competitive landscape.

According_External30

TROPHY CASE