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.

 

I’m on level 3, and it’s been a pain studying for it. Its good for investment management, useless for anything else. It is good for people that have degrees from non targets and could lend some credibility. If you want to do investment management, ER, then I’d say do it. Otherwise, it’s too much of a time commitment. 

 
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