• Sharebar

I recently passed Level 1 of the CFA in December and am hoping to use it as a springboard into an analyst, ER, or sales role. Obviously, it is only 1/3 of the way towards the goal of completing all three levels but now that I can say I passed one is there a way to get in touch with people who might be interested? How have others used the CFA to make a jump into the finance industry? Any help/advice is much appreciated.

Comments (18)

  • duffmt6's picture

    Not a huge help if making a career switch. Really going to depend where you are coming from/other credentials.

    "For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

  • BTbanker's picture

    CFA won't help much when it comes to entry, but once you land a job, it helps you move up.

  • LAWM's picture

    analystforum.com
    This has been discussed plenty before. The CFA charter (or any part of it) will NOT guarantee you a job. It may help with networking via societies but you still need a foot in the door somehow.

    Plenty of people running around with LI and LII and LIII without jobs in relevant industries.

  • justin88's picture

    Minor nitpick: don't phrase it like you're 1/3 of the way through. Levels 2 and 3 are much harder and time-consuming than level 1.

  • In reply to justin88
    FutureBanker09's picture

    dabanobo:
    Minor nitpick: don't phrase it like you're 1/3 of the way through. Levels 2 and 3 are much harder and time-consuming than level 1.

    Yeah in actuality you're more like 5-10% of the way there

  • In reply to justin88
    Flake's picture

    dabanobo:
    Minor nitpick: don't phrase it like you're 1/3 of the way through. Levels 2 and 3 are much harder and time-consuming than level 1.

    This and also what Connor said.

    CFA Level 1 counts for nothing in terms of getting in if you don't have something else to offer. It's a decent resume filler at best and might help you during interviews in a couple of ways...

    In terms of attractiveness to employers...don't get your hopes up.

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • In reply to Flake
    duffmt6's picture

    Flake:
    dabanobo:
    Minor nitpick: don't phrase it like you're 1/3 of the way through. Levels 2 and 3 are much harder and time-consuming than level 1.

    This and also what Connor said.

    CFA Level 1 counts for nothing in terms of getting in if you don't have something else to offer. It's a decent resume filler at best and might help you during interviews in a couple of ways...

    In terms of attractiveness to employers...don't get your hopes up.

    Flake, just curious- are you taking CFA/is it recommended by your employer?

    "For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

  • In reply to duffmt6
    Flake's picture

    duffmt6:
    Flake:
    dabanobo:
    Minor nitpick: don't phrase it like you're 1/3 of the way through. Levels 2 and 3 are much harder and time-consuming than level 1.

    This and also what Connor said.

    CFA Level 1 counts for nothing in terms of getting in if you don't have something else to offer. It's a decent resume filler at best and might help you during interviews in a couple of ways...

    In terms of attractiveness to employers...don't get your hopes up.

    Flake, just curious- are you taking CFA/is it recommended by your employer?

    Taking Level 1 in June because a lot of the guys have it and it helps you look better to the clients and may help with that potential buy-side move. I think the guys that are chartered also get paid more, so the CFA definitely has its benefits when you're already doing this shit for your career.

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • In reply to Flake
    duffmt6's picture

    Flake:
    duffmt6:
    Flake:
    dabanobo:
    Minor nitpick: don't phrase it like you're 1/3 of the way through. Levels 2 and 3 are much harder and time-consuming than level 1.

    This and also what Connor said.

    CFA Level 1 counts for nothing in terms of getting in if you don't have something else to offer. It's a decent resume filler at best and might help you during interviews in a couple of ways...

    In terms of attractiveness to employers...don't get your hopes up.

    Flake, just curious- are you taking CFA/is it recommended by your employer?

    Taking Level 1 in June because a lot of the guys have it and it helps you look better to the clients and may help with that potential buy-side move. I think the guys that are chartered also get paid more, so the CFA definitely has its benefits when you're already doing this shit for your career.

    Makes sense. I'm signed up for Level 3 this June, but going to bomb it. Need to pass the FINRA exams (7, 63 and 79) in the next couple months and haven't started studying for CFA.

    Good luck with it.

    "For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

  • Wasserstag526's picture

    Definitely a helpful credential if you have underlying experience to tie with that credential. I would disregard the comments above stating that it is a small achievement to pass L1. A lot of jobs want to see progress towards the CFA so it will def help you in that regard, however it will never trump tangible experience.

    'We're bigger than U.S. Steel"

  • In reply to Wasserstag526
    Flake's picture

    Wasserstag526:
    Definitely a helpful credential if you have underlying experience to tie with that credential. I would disregard the comments above stating that it is a small achievement to pass L1. A lot of jobs want to see progress towards the CFA so it will def help you in that regard, however it will never trump tangible experience.

    Never said it was a small achievement. I said what you said, just in my usual retarded way. CFA L1 should be used to supplement good experience and other credentials for the purposes of "breaking in". Without the things you mentioned, passing the CFA Level 1 exam alone will not open any magical doors.

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • In reply to Flake
    duffmt6's picture

    Flake:
    Without the things you mentioned, passing the CFA Level 1 exam alone will not open any magical doors.

    I can confirm this. Only regular doors, most of which are locked.

    "For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

  • tylderdurden's picture

    cheese86:
    I recently passed Level 1 of the CFA in December and am hoping to use it as a springboard into an analyst, ER, or sales role. Obviously, it is only 1/3 of the way towards the goal of completing all three levels but now that I can say I passed one is there a way to get in touch with people who might be interested? How have others used the CFA to make a jump into the finance industry? Any help/advice is much appreciated.

    As others have said, it's not that useful. Face it, a LOT of people take the CFA exams hoping that it'll help to differentiate them. It doesn't.

    Having a CFA is different though and does help. Problem is, to get a CFA, you need to be in the industry. I dont regret doing my CFA, but for people just starting out, I'd argue that there's better uses of your time.

  • CS Arb's picture

    I also question AIMR's "studies" that show people with the cfa make more money. It's not like two PMs at the same fund running the same amount of capital are going to be paid different because one is a cfa. Honestly, if your at an investment firm that pays people more for having a cfa instead of their investment performance that should speak volumes about what's important to that company and you should look to move to a real shop.

  • In reply to CS Arb
    Flake's picture

    To unlock this content for free, please login / register below.

    Sign In with Facebook Sign In with Google

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • BTbanker's picture