The answer for many of you, especially CFA charterholders, will unequivocally be yes. Yes, it’s a grueling process; those who don’t have academic skill couldn’t do it. Yes, many don’t pass the first time around; (remember, the 10-year average pass rates for Level I, II, and III are 39%, 44%, and 59%) those without persistence, skill, and some degree of intelligence wouldn’t make it. Yes, many professors of finance and related fields have CFAs, so CFAs are clearly represented in the academic field. But, does that really mean that having your CFA is a demonstration of your academic ability?
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The Daily Telegraph’s online article called “‘Thinking Outside the box’ is most despised business jargon” discusses results from a survey of 2,035 adults in the UK on what business language they found to be pointless. This is called “buffling”—using language that “does not say anything important or useful.”
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On October 9, 2008, NYSSA launched a survey on the Government Financial Market Intervention plan. The survey was designed to gather feedback from our members and some nonmembers on their opinions about the effectiveness of the Intervention and if the bailout was sufficient to meet the need. Other information gathered included the changes in investment habits of respondents firms, reaction to proposed regulation changes and the availability of cash.
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