I'm studying for level 1 of the CFA and the majority of the statistical concepts Ive seen so far are covered in six sigma training. Just curious as to whether six sigma knowledge is recognized or valued at all in the investment world.
Would it mean anything to an AM employer to see six sigma black belt or green belt on a resume? Is it even worth mentioning? Is six sigma common knowledge in the AM space and do most people know what it is?
Short answer: no.
The term “Six Sigma” refers to the capability of processes to produce output within specifications with high degree of precision. In particular, processes that operate with six sigma quality produce at defect levels below 3.4 defects per million opportunities (DPMO). Six Sigma ’ inherent goal is to improve all processes to that level of quality or better.
Six Sigma is a set of tools used for making business decisions originally developed by Motorola to systematically improve processes by eliminating defects. A defect is defined as nonconformity of a product or service to its specifications. While the particulars of the methodology were originally formulated by Bill Smith at Motorola in 1986, Six Sigma is heavily inspired by six preceding decades of quality improvement methodologies such as quality control, TQM, and Zero Defects.
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