Nichts! Maybe YES
Considering these new changes made by CFAI, I’m not sure whether the CFA Charterholder designation is worth pursuing. It has become commoditized.
This is an outlandish statement at this point, in my opinion. The value of the charter has always come from a lot of different variables, and there is a right/wrong way to look at it. Will it make you more money than others that don’t have it? Give you more opportunity? There are a lot of things about the PERSON who achieves the charter and other external variables.
Simply offering the test more times per year to candidates doesn’t change the determination and perseverance required in achieving the charter. And those types of things can separate you from peers and shows a commitment to learning and betterment.
We’ll see how things go but just because these changes were announced for beginning next year - I don’t see an immediate reaction in this light as totally plausible.
I think there will be more focus on candidates passing these exams first time and maybe an expectation to pass them over a shorter time horizon which may not have been the case prior to these drastic changes. It’s still a grind, no shortcuts so can’t see it’s value being diminished.
People are commoditized so what’s wrong with with commoditizing this exam?
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