Do Professional Designations Convey Credibility?

A LinkedIn user recently posed a question:

What do you think about the professional designations in philanthropy?
There are a number of professional designations vying for attention in philanthropy (e.g. CAP, CFRE, CSPG), but are they any good? Do they teach the right things? Do they convey credibility? Is a Chartered Advisor in Philanthropy better than a Certified Fund Raising Executive or a Certified Specialist in Planned Giving? Why?

How would you answer this question? Read responses from others and post your own at LinkedIn.

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