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Just wondering to those of you who work in the industry all ready, how much does the CFA actually help on a resume if your just a candidate or have only passed level 1. Or really, at all?

Alex

Comments (12)

  • non-target's picture

    In the US it shows dedication and knowledge, nothing more or less, especially for non business majors. Also, puts you ahead of someone with same cards as you expect for the CFA. Internationally, a lot more weight than in the US, especially Asia and Middle East, particularly the latter.

  • In reply to LIBOR
    non-target's picture

    <a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-london-interbank-offer-rate-libor" rel="nofollow">LIBOR</a> wrote:
    non-target wrote:
    In the US it shows dedication and knowledge, nothing more or less, especially for non business majors. Also, puts you ahead of someone with same cards as you expect for the CFA. Internationally, a lot more weight than in the US, especially Asia and Middle East, particularly the latter.

    Why is the CFA carry so much weight in the ME? Do Sovereign Wealth Funds look for CFA's from America?


    Yup, talk to any recruiter from the ME. SWF's prefer CFA's with work experience from Europe and America. I can't put my finger on exactly why the charter carry's so much weight, but I am assuming the ME finance scene was grown with the CFA as a necessity and now has become a standard, sort of like the MBA on Wall Street.

  • BillyRay05's picture

    It depends.

    The CFA is immensely important on the buy-side with respects to Mutual Funds, Pension Funds, ie. Fidelity and Vanguard will force you to take the test if you do not have it. It will not do much for your PE/VC search. And to the dismay of many on here, it may help (only a little) in terms of HF jobs.

    I definitely thinks it helps if you have no finance background, or say, you do programming at bank. I have seen 2 of my friends get into FO roles using this route, although they were both quant/engineer guys with plenty of talent.

    But to be quite honest, experience trumps all. HF/PE/VC, hell even consulting firms, want that experience. These firms want individuals who have traded Vol Swaps before, or someone who has had experience valuing a company's debt. The problem is, you will primarily only get this experience by working at an I-Bank, and banks could give a damn about your designation.

    To put everything in context, I used to work for one of those sleepy buyside firms, where people would fellate Schweser if they could. But I always thought it was funny, because most of the new hires who got the top investment-side jobs all came from a big sell side firm- sans the CFA...

    "Sounds to me like you guys a couple of bookies."