Value of CPA to get a break into investment banking
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(Chimp, 4
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on 1/18/10 at 11:39am
Iam planning to take CFA and atleast pass my first level. How much will it help me to get an entry into the above fields with my background ? By itself without experience is the CFA helpful to land jobs ?





Having the CPA can certainly
Having the CPA can certainly help in certain circumstances...when I was interviewing for an analyst position in investment banking...at the time, the bank was looking for someone with a strong accounting background (as well as finance of course, but specifically accounting as well)...they may test your accounting background, as well, due to you having the CPA...all I got was stuff like what does convertible bonds and restricted stock due with applying the treasury method, how does 50mm of depreciation with 40% tax affect the financial statements, etc.
Having the CFA is, in general, more recognized from my experienced than the CPA, but it depends on the situation....