I have a Ph.D. (something longtime AFers know and which others can possibly read between the lines, but which I almost never bring up here, unless it’s directly relevant). I generally wince when being introduced in public as Dr. Bchad. I feel that I shouldn’t use the term Dr. unless I am actually able to resuccitate a patient having a heart attack on a plane.
Still, it can feel nice now and then when people call me Dr. Bchad, because it feels like someone recognizes that it took a lot of work to get where I am, but I’m never the initiator of the term “Dr.”, and I don’t have Dr. on any of my business cards. I do have Ph.D. on them, however, and CFA (though I need to pay my dues again, darnit).
I don’t come up to people at conferences and say, “Hi, I’m Bchad, Ph.D.” But if we exchange business cards, the card will have Ph.D. on it. It’s not clear to me whether the resume benefits from Ph.D. at the top, though it does benefit from CFA. Some people want to see the Ph.D. some people say hide it because weaker personalities get intimidated by it and start to feel they have something to prove. It’s really a crap shoot as to whether it helps or doesn’t.
In the financial world, there are so many hucksters, crooks, and dressed-up dolts around, that things like CFA and CPA do communicate useful business information, as opposed to someone at the local Bank of America branch who was just hired off the street to sell the Banks’s brand of high-fee mutual fund (just look at 2013’s performance!). With Ph.D. it’s a bit trickeir. It matters whether the Ph.D. is in finance, economics, or literature. I would advise not having the Ph.D. on the card if you would sound silly or irrelevant when talking about the subject matter.
Nothing means that people who don’t have these designations can’t be smart and accomplished and/or have talent too… perhaps more talent. It’s just that they will show it in additional ways.
As you get along in your career, the designations matter less to you personally, but sometimes your organization wants to have the letters out there to hold out to their clients. My employer wants Ph.D. and CFA on my stuff because they want materials I produce to carry the extra weight of someone who has accomplished some things that are widely acknowledged as requiring degrees of knowledge, talent, and dedication.
I don’t mind so much, because I came to this industry late in my career and so in some ways I am behind the curve relative to people of a similar age. For me, it’s nice to have those there because it reminds people that even if I am not as high up in the hierarchy as other people at my stage of life, it is not because I haven’t done anything with my life, or that I started at age 21 and only managed to climb this high in my career.
I think you think that having letters and designations on your business materials is arrogant, when in fact, that’s precisely what the conventions are for. If I tried to pick up women in a bar by saying “yeah baby, I’m a charterholder and doctor!” Yes, that would be a douchey thing to do, but that’s not what I (or even most people with designations of some sort) do.
Though, I have to admit that some women did get extra excited when I said I was a professor. Apparently the “student seduces professor” fantasy is a pretty common and powerful one. It was really weird one night when this middle school teacher took me home, and it was clear that what was really getting her off was this idea of doing a professor… Fun… but weird…