CFA candidate here, though I have passed all the exams. I tend to to agree with the previous posts that solid work experience trumps designations/certifications/seals of approval. That said, I took the exams relatively young (passed Level 1 during undergraduate studies) as the level of competition for institutional finance jobs was quite difficuilt at the time and even more so now. For younger workers, I find it to be particularly useful as it has become a checklist of sorts. Two nearly identical candidates, the nod goes to the Charterholder or one going through the process versus a candidate that is not.
With regard to the overall usefulness of the program, I believe there is a fair amount retained though subjects that are not part of my job, such as valuing derivatives, fade fairly quickly. If I was able to turn back the clock, I think I would do it again.
I'm relatively alone with my watch obsession at my company. I recently purchased a Lange 1815 Moonphase Homage to F.A. Lange. 95% don't even notice it, 4% notice it and are shocked at the purchase price, while the remaining 1% truly appreciate it. As a first Lange for myself, I couldn't be happier
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Nabil