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?

 

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.

"It is hard to fail, but it is worse never to have tried to succeed." Theodore Roosevelt
 
Best Response

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.

"It is hard to fail, but it is worse never to have tried to succeed." Theodore Roosevelt
 
Something Creative:
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.

 

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