No one knows what the CFA program is

[Candidcam]

@NANA_Hachiko

@danv0330

the bigger point is that there are MORE people that end up getting rich from finance then medicine…

sure you have the Beverly Hills plastic surgeons making millions but as someone pointed out the majority of top medical professional earners are topping out under $500k per year (in the US after reaching peak of profession and a career of experience)… in contrast a multitude more finance professionals / asset management earn much more( globally)

finance has a higher earnings potential and it’s a bigger industry overall

I don’t think we should compare the two industries, the people who work in medical fields are motivated not only by money, but most of them probably wanted to do it because they find the work meaningful and the reward is not just from getting paid. I highly doubt that a typical surgeon is constantly thinking about how to beat the target and make more money next month or what creative ways to make money…

NANA

In the US they are. Or at least a lot of them are. I didn’t used to think so, but then I spent enough time interacting with some of them to realize that money is a prime motivator (if not the prime motivator) of doctors in the US. And for those where it’s not, it may just be that the are happy with the outrageous amounts they are paid by virtue of the system without having to get every last dollar. Keep in mind, in the US, medical costs are nearly 2 X what they are in the rest of the first world. Incomes for doctors are materially different here vs. other parts of the word.

[MunicipalBob]

I am in an interesting situation. Lots of people at the firms we work with have CFAs. At our firm, almost none.

it will help our/my competitive position.

I probably will have to explain the designation to many at my own firm.