About to end my first year in ER and will Take the CFA L1 in a few weeks. However, my lead Analyst (II ranked) told ne that the CFA is pretty much obsolete and was important 10+ years ago. If you made it into a respected ER team no one cares about it anymore
Can you confirm? I love the job but the cfa is brutal
| +72 | Q&A - Buyside Equity Research Analyst/PM | 27 | 5d | |
| +31 | How the heck do you learn all of this stuff? | 5 | 2d | |
| +28 | Getting Frustrated | 10 | 2w | |
| +27 | My experience on the sell side | 20 | 1w | |
| +22 | What’s my next move? | 6 | 2w | |
| +20 | Vanderbilt vs. Notre Dame M.S. in Finance Equity Research placement | 10 | 3w | |
| +19 | CS Major looking to switch and break into high finance - is it over for me? | 6 | 3w | |
| +18 | Biotech ER vs IB | 16 | 2w | |
| +14 | Heard they don’t model at Oppenheimer | 10 | 1w | |
| +13 | ER time line and ways to break in help | 17 | 2w |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
To a certain extent, he is right. Breaking into ER is the most important part. That said, there are still a lot of sell side and to a lesser degree buyside shops that put a lot of value on the CFA. They basically want ~80% of the their analysts to have the CFA. So, it still gives you a little more marketability than not having it. Also, do a job search using "CFA" and you will find a decent bit of positions that specifically want someone with a CFA.
Pretty useless for the most part, but some LO's still like it (almost required at some places). That said, there's not really much downside. If you have a ton of free time and not doing anything productive might as well study for it.
Repellendus autem sunt placeat. Quas ut ut asperiores dolore. Omnis animi blanditiis ut ut quasi reprehenderit.
Ipsam sed incidunt rem temporibus a deserunt. Eligendi sit id a error vel excepturi expedita. Qui ut qui error dolor quod non aliquam. Architecto in cumque architecto distinctio et. Fugiat in repellat rerum dolor. Accusantium commodi sit tempore tempora quia et. Eaque culpa qui id sunt labore nemo neque consequuntur.
Aspernatur qui corrupti et cupiditate sit cupiditate. Ea distinctio cupiditate adipisci architecto esse numquam placeat vel. Aliquam quo aspernatur id.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...