CFA Considered the Gold Standard, According to the Financial Times
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According to a recent article in the Financial Times, the CFA designation is now considered the gold standard among financial professionals worldwide. When established 50 years ago, the CFA was envisioned as a means of transforming equity analysis into “a more ethical, respectful craft, akin to law or medicine,” according to the article’s authors, Rachel Sanderson and Gillian Tett. In the past decade the CFA has undergone exponential growth; it has almost 100,000 members worldwide, and this year twice that number registered to take the exam. Sanderson and Tett report that much of the growth has been fueled by increased interest among finance professionals in the Asia Pacific and the relative cost of earning a CFA to an MBA—approximately $3,600 versus $15,000.