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I'm tired of answering this question; it's been asked a million times on this website. It's not at all. It's very irrelevant for banking: it takes a ton of time/effort and only potential benefit is showing you are stubborn (to study for hard tests for 3+ years) and indicates you have a certain level of accounting/finance knowledge. Your time could be spent much more productively elsewhere. It primarily helps for equity research (either buyside or sellside) or personal wealth management. 

 

It’s a designation that’s mandatory in some buyside roles, as well as something BO/MO folks tend to take on in their ample free time to improve their profile since an MBA is too cost prohibitive.

 
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