Career at Hedge Fund

Dear all,

I wanna take a job as an investment analyst or researcher at a hedge fund. Currently I possess a BS degree in Accounting and am attempting CFA level 2 exam.

I intend to take a further academic program in order to make me more competitive in this industry.

Now I am considering the following options:

The first option is to take a Master degree in Finance. But is it sensible after taking CFA designation? Someone says CFA is equivalent to masters.

Or should I take a master in Financial engineering?

And another option is to take a Ph.D program. I wanna know what concentration is the most suitable for me?

Because I never worked in a hedge fund, I really need any help.

Thanks in advance for any tips.