Value of CFA in Consulting
(Baboon, 115
Points)
on 1/3/13 at 12:19pm
I know that the majority of CFAs in consulting work within credit risk. However, has anyone or know anyone the other possible lines where CFAs provide value in the consulting world?





I think it is more relevant
I think it is more relevant for business consulting, because after all the research skill set is transferrable. I'm preparing for L2 right now, and I find it useful for industry analysis and firm valuations.
I would like at it this
I would like at it this way...
Financial consulting: CFA is helpful for obvious reasons
Economic consulting: (a) securities litigation, e.g. NERA, CFA is helpful because you can apply your knowledge of securities valuation to the work these consultants do and in the industry it is an importation qualification for these consultants since their bread and butter is to speak as experts before arbitration panels and judges. (b) in certain types of consulting that requires regulatory analysis, e.g. power markets consulting at Charles River Associates, CFA is helpful because consultants who are sometimes asked to provide real asset valuation given their expertise in the field (this kind of overlaps management consulting - next).
Management consulting: hard to say, but I agree with above that industry analysis and valuation (you learn a lot of this in CFA L2) will help. I would like to hear what others who are in this field have to say about that.
Also, kind of outside of the question but still worth thinking about: if your ultimate goal is to move from consulting to investment management or research, especially in traditional/conservative investment management or research and you have the time, then CFA may help to you transition from consulting to investment management
C