Is a BA in Econ and a CFA enough education to make it in AM these days
Put it this way, what percentage of jobs in AM can someone be "qualified" for with these credentials. And how likely/possible is it to be at the top of one's field with this level of formal education.
It depends of many other factors 1) What universities did you graduate from target, semi target or non target? 2) Number and quality of your internships? 3) Your GPA (3.8+ is ideal) 4) Networking (How hard you have networked) 5) Your personality and interview skills
Also being qualified is NOT equal to being admitted for the job. Also generally speaking BSc is preferred over BA.
It depends on the path you take. If you go work for a top ER boutique or under a great analyst at a BB doing equity research for a few years, get a track record of exceptional performance, and then try and jump to AM, you could definitely do it with those stats. If you're trying to break in out of college, that's a different story and a lot more of a crapshoot because there are fewer post-bachelors, entry-level positions.
financial is right, we need more info. We also need info about the type of company you want to work for. Is it a billion $ AM firm or is it JP Morgan AM or Blackrock or what? If you don't get Blackrock are you going to give up or are you going to look at the small firm that only pays you $40k out of school?
1) Cornell, graduate next May 2) one unpaid internship in unknown bank specializing in local municipal debt, other work experience is largely irrelevant to finance 3) low GPA 4) haven't yet 5) average
trying to break in after college. I'd love to be at JPM or BR, but I would be happy to work in any established firm (AUM>$200M).
Three advice for you, in order of priority 1) Network, Network, Network and more network, check the networking guide on WSO 2) Try to boost your GPA and try taking accounting subjects along with economics 3) If you dont get into AM directly, try to get into IB first and than network your way in AM.
Good luck!!
If your GPA is low then passing some levels of the CFA can negate that. I used this through a lot of interviews. I explained that I wasn't as focused in college, however when I graduated I regained my focus and passed a level or two of the CFA.
By CFA do you mean just passing a level or two? If I take the OP literally, and you have an econ degree plus enough qualifying experience to make your charter active, then you'd likely be suitable for AM. I suspect that is not the case though.
Agree w/ financial/DM...it depends a little on your other stats and a lot on how lofty your AM goals are, and how many stepping stones you are willing to take to get to that goal. You could more than likely find your way into a decent top down shop if you interview well.
Even though the buy side is arguably more coveted, it is also far more lenient with regard to background.
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