{ "media_type": "text", "post_content": "My company offered to pay my way through the CFP program, on the contingency that I will pass and also stay with them for 10 years after the fact. Is this normal? It seems unfair to make me pay them back down the road if I decide to take a better opportunity. It’s a small business that is worried I will leave.", "post_id": "6143bd067011c70025b7238e", "reply_count": 15, "vote_count": 2, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

My company offered to pay my way through the CFP program, on the contingency that I will pass and also stay with them for 10 years after the fact. Is this normal? It seems unfair to make me pay them back down the road if I decide to take a better opportunity. It’s a small business that is worried I will leave.

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10 YEARS?? If they are that worried tell them to pay you more lol

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10 yrs for a couple thousand seems excessive, lol. Either way have them pay for it and if you leave, you owe it back if they ask for it.

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Thank you for the responses. I see myself leaving within a year or two after I pass for a better opportunity - it seems I will most likely have to pay them back regardless.

likefunny

Just FYI, I negotiated a 6 figure salary without my CFP. Don’t hold yourself back at a place where you are unhappy.

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They have to do more than pay for your CFP to expect you to stay for 10 years. Doesn’t seem normal. Larger companies invest thousands in new employees for training with zero contingencies or maybe less common 1-3 years. My firm covers over 40 certificates & designations through reimbursement up to $3k per year. No contingencies.

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Definitely not a fair trade! 10 years of your career in their control for $10k at the absolute max? Heck no!

10 years is utterly outrageous. I had to pay an old employer back for my CFA exam when I left within 3 years but I knew that when I agreed to have them pay for it. 2 or 3 years, maybe. 10 years is beyond acceptable.

10 years?! I’ve come across 2 in my previous roles

10 years is ridiculous. The forgivable loans (multi million dollar sign on bonuses) don’t even typically force you to stay that long. Companies paying for MBAs don’t even require that length of time. For a couple thousand that’s absurd

10 years is way too long. 3 years max

10 years ?!? That is like a third of year career life ? Wth

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