Hi guys,
I know this questions might have been asked a million times, (and YES, I did use the search function). Seriously, is CFA®
really helpful if in the long term I would like to either stay in investment banking or private equity?
I know people tend to say, get CFA®
regardless and it wont hurt you. But given there is alot of effort to be put into studying for it, on top of the horrible banking hours, I really dont want to do it, if it only give me a small advantage..
In the long term i would want to stay either in IB or PE, if CFA®
is not that useful, I could spend my limited spare time to learn other things (i.e language or improve my modelling skills), however if CFA®
is very useful, then I wouldnt mind study for it and I would rather do it at the early stage of my career...
Thanks alot guys
How did you not get an answer from your searches? This exact question has been covered many times.
CFA is not valuable for IB or PE. It is very rare that a MD in either space has one. The CFA is mostly for those working in Asset Management, and Equity Research. Most of the senior professionals in that industry have the charter.
I would spend any extra time improving your English skills, instead. They are clearly lacking.
People's career paths change. It can't hurt to go for the CFA if you've got some time on your hands (i.e. senior year or another point in your life when you're not working your ass off), but if piling it on is going to take over your life and you think you're going to stay in IB/PE for a while, it's probably not worth it.
Tough statement that the CFA isnt valuable in PE. E. g. one of the biggest UK buyout funds sends most of its (junior) staff to the exams, which i know from one of their associates who is actually a charterholder. Clearly it's more common in asset management and investment bankers usually wouldn't have the time the CFA.
Yeah, I don't understand why folks say it's not valuable in PE? Does anyone care to elaborate on that? Do you mean it's not valuable if you've already done an analyst stint in banking and then you go work for a PE shop? Or it's not valuable period?
I have trouble believing the latter, given that there is so much valuation, understanding of financing, FSA, performance reporting, and economic forecasting that takes place at PE firms. Or am I just completely out to lunch?? If it's useful at a mutual fund, and it's useful at a hedge fund, then why not at a PE firm? This is actually a legitimate question so I'd love to hear from any of you with PE experience who have sat for at least one level of the exam.
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