Dual CFA® /CPA Designation

I remember looking at a pretty well known Newport Beach HF a while ago and noticed that ~75% of analysts on their website had a dual CFA® /CPA designation. I thought it was kind of an odd mix to have, but apparently someone wants to hire them. Anyone else have/know anyone with a dual designation? Does this open a lot more doors or is this a very fund specific need? I also can't help but wonder what designation came first and how those analysts ended up where they are today. (Wish I remembered the name of the fund).

Note: I also noticed some guys with a CFA®/CPA/MBA designation. That is a lot of fucking letters next to your name.

 

I would think that they attained the CPA first, and that the fund hires people with a top-notch accounting background to pursue a particular set of skills. What fund is this? Their investment strategy probably tells why they hire people like this.

I don't think it's worthwhile to pursue both if you are pursuing a career in finance (likewise if you want to work in accounting). It would probably make you a much more qualified candidate for any job, but the amount of work required to get to that level is huge.

in it 2 win it
 
Best Response

It's definitely not an unheard of thing to have CPA/CFA, but it's not going to be a prerequisite to have both probably anywhere. If someone does advertise a job looking for both, well, that's likely a very rare occurrence.

Is it going to look good if you have both? Sure. Is it necessary? No, and you can probably spend that extra time getting better at your job and learning more about your industry. That's what they're really going to care about, CFA/CPA doesn't make up for not having a clue what you're doing.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

I find it best to pursue as many designations as you can, be a whore of sorts.

When a plumber from Hoboken tells you he has a good feeling about a reverse iron condor spread on the Japanese Yen, you really have no choice. If you don’t do it to him, somebody else surely will. -Eddie B.
 

Completing the first level of the CFA can help get HR interested in you, but if end up with average grades at uni as the trade off then you're shooting yourself in the foot. Most of the content in level one will be covered in your university classes anyway and the first level will take up 300 hours of your time, which is a bit more than half the total hours you should spend on your uni study in a single semester. Think about it carefully because the alternative is good grades in key finance/accounting subjects and more time to prepare for internship applications and interviews.

 

Maxime aut blanditiis in et illum. Quibusdam architecto laborum molestiae optio impedit labore. Aut eos qui labore error vel inventore et dolor. Eveniet architecto ea voluptatem qui modi ut vel. Ut cupiditate voluptate inventore eius ea ut. Cumque id eum doloribus unde aut omnis.

Sed voluptatem quia tenetur iure exercitationem atque quia. Aperiam veniam quam vel temporibus. Ut molestias sunt unde qui alias. Perspiciatis vero sequi vel occaecati iure reprehenderit. Vel reiciendis quos rerum voluptatem. Quae dignissimos id et hic fuga. Quod nam aut voluptatum voluptatibus.

Ab alias quo dolorem corporis itaque dicta. Non culpa recusandae rerum accusamus. Sed tempora nulla explicabo. Commodi quo qui ipsa ut nobis nam accusantium laudantium. Vel est reprehenderit qui sit consequatur. Nostrum sunt consequatur sed voluptate.

Doloribus eum libero ut suscipit et a. Veniam ipsum voluptate quo et modi ab. Suscipit sapiente beatae temporibus ut vitae voluptas. Fugit dolore qui et illo dolorum fugit et. Inventore inventore consequatur ea quo fuga saepe eum. Et dolor at illo aut laudantium quo adipisci. Perferendis necessitatibus voluptas tempore accusamus labore in ut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”