Ha ha ha, you guys are great! Where the heck you've found this dinosaur?!
Anyway, thanks, I've read all your posts in the original threads but it is always good to have all posts with the same subject within same thread.
OK, now I should give some contribution regarding my experience with CFA and admission process. I had extreme luck that my interviewer for Wharton was CFA charterholder, so some 6 months of pain and misery had paid in that 45 minutes
Also, my Cambridge interviewer had similar background, he wasn't CFA but he was very familiar with what it takes (all the pain and misery I've alredy mentioned
I think that, like that of every other standardised exam, the strength of CFA is in its recognition. Of course, admission officers are excused, it seems that they don't know nothing about it. That means that CFA is not going to be of significant help on your resume, but it could help you in the later stage of the admission process, during b-school classes or even later with recruiting.
To conclude, it is much more valuable if you are an international candidate from some unknown university or you had lower quant grades (I am an idiot who has both - unknown college and poor math grades
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