The simple answer is no. Having thedesignation on your resume is nice, but it will not make up for poor grades or a lack of extracurricular activities and work experience. If a firm wants you to earn a certain certification, they will usually let you know once you are hired and will usually pick up the cost for you; however, that doesn't mean you can't strengthen your value as a candidate by attaining the yourself.
Getting a head start is a nice way to take a little extra load off of yourself once you begin your full-time career, and frankly may be worth the few hundred dollars in the costs you incur. If you're planning a career in, hedge funds, or research, there's a chance that at some point your firm will want you to get your . It never hurts to be ahead of the curve!
Thecan also be beneficial if you are attending a non-target or aren't working towards a business-related degree. It will show your interest in finance and help round out your story.
Relevant Discussions on Wall Street Oasis:
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- Should I Study for the CFA?"
- Analyst in PWM: CFA or MBA?
- CFA Now Less Valuable?
- Certifications: Will the CPA designation add to my resume?
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- Search WSO for: "Should I get my CFA?"
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- Relevant WSO Services: Finance Resume Review