Prospects - Economics major with a 3.7
Hi,
I'm sure people post this kind of thread all the time, but I'd appreciate some advice nonetheless.
I'm an economics major at Wake Forest with a 3.7 gpa. I'd like to enter global equity research at a large New York City bank. Is this feasible? Thanks.
eh, pass your CFA level one in dec. and it might be feasible.
In my current job, I spend probably 25+ hours a week reading/doing analysus on analyst reports. Probably less than half of the analysts have Joe Blow, CFA next to their name. I often look up the analysts and there again, roughly half of those guys don't have a CFA, it seems.
Could this be possible?
As my firm only buys analyst reports from the most well-known, bb banks...it's not like we are just picking some slap-dick research report.
Also, because I've spent a lot of time in one industry, and I keep up on job postings, I see a lot of equity research jobs and again, less than half of them even mention "should have interest in CFA, etc." and no entry-level research job i've seen has said "must have CFA". The strongest language I've seen is "should be working toward/considering CFA", and that was for a no-name bank.
I'm not condemning SternFox's comments, just want some clarification.
i know of at least one BB that requires the CFA for promotion within Equity Research
only cfa level 1 is really required for any decent research - it's fucking common sense anyway.
As for the wake guy, I don't know - should be ok, but I don't know how much of a target wake is, or how much of a target you need to be.
It might be common sense...but it might be safe to pass lvl 1 just to prove that you (at one point in your career) had common sense.
haha, well said.
I agree with raider, the sell side doesnt really care if you have the CFA, probably would rather you dont, so you are a little less poachable to the buyside.
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