CFA® - useful for which groups/sectors in banking/finance?
I have met someone who (independently) studies for the CFA®
(level 1) with the goal to strengthen his profile, in order to move from his work as an engineer to finance/banking. However, he did not have a very clear idea of how the CFA®
would help him.
-Is there anyone who could provide me some insight what groups within a bank (or in finance in general) would value the CFA® ?
-Does it make sense to only complete level 1?
-Do you think a CFA® would help with a career switch (see above)?
BUMP
It is excellent for fundamental investing ,equity research, and portfolio management. If stock picking interests you as a career, the CFA designation will help some with employment opportunities. Outside of that, the benefits are limited. For banking, it probably won't help you get a job, but the Financial Reporting section will get you very comfortable with financial statements and how to adjust them. That will come in handy in banking.
Equity research - this is where the CFA shines. It will help you get a job on the sell side and will definitely help on landing a job on the buy side. Investor relations - another area where the CFA will really stand out. Private banking/ wealth management - definitely not necessary to land a job, but can only help after getting a job. Allows you to charge your clients more and allows you opportunity to transition to a fund. Investment / corporate banking - won't hurt but also not as necessary as ER or IR. But if your goal is to eventually move to the buy side, then it's a good option.
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