CFA® or CPA for Equity Research and Value/Distressed Hedge Funds
Hi,
I was wondering whether a CFA®
or CPA would be better for someone looking to go from ER to Value or Distressed-Driven Hedge Funds? Also, just generally speaking, will I need to get an MBA to do hedge funds/ER, or will CFA® 's
+ a good rep generally suffice?
A CFA is much more aligned with ER/Value investing, a CPA is more for practicing accountants than for financial statement analysis, marginally useful.
CFA for sure vs CPA. It depends what you mean by "do". If you really want to be a player, you will need an MBA.
CFA. no doubt.
CFA
How come a MBA is necessary to be a player in HF. Isn't MBA more about running a business, lots of classes outside finance?
It is, but it's still a business degree that's largely a validation (like it or not). It still depends on what you mean by "do" though. If you want to just work at a hedge fund, then I suppose it's not vital. However, if you want to run, be an analyst for, trade for, etc at a fund, they are going to want a guy that they know has the skill and experience and it marketable to clients. There really is no "growing up" and learning at most funds, although there are always exceptions. Generally, you wont have the opportunity to really show your stuff short of having a lot of connections that can get you in the door. A killer tack record would do well too, but you're not likely to be able to manage enough that can be verified in order to get that track record for your strategy.
OK, that's helpful thanks.
CFA
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