To stand out from others applying for jobs in finance, Maya qualified as a Chartered Financial Analyst. Under what conditions is this a credible signal?
A) For less capable persons, the cost of qualifying as a CFA must be higher.
B) For more capable persons, the cost of qualifying as a CFA must be higher.
C) The CFA examinations must be challenging.
D) Financial institutions must value the CFA qualification.
E) None of the above.

Question

Quizplus · Accepted Answer

For a signal to be credible, it must be costly for less capable individuals to obtain, ensuring that only those who are truly capable will pursue it.

To Stand Out from Others Applying for Jobs in Finance