CFA in Toronto/Canada, why so common?
Title says it all, why is the CFA so common among Toronto/Calgary/Van bankers when it's not really (that) relevant to either IB or PE? I've even talked to a senior banker who has it, who said it's useless for banking. Is it very important to have the CFA to do well long-term in Canada?
Necessary for ER and buyside public equities. More of a nice to have for everything else imo
Toronto is super weird about it though. Even firms like Burgundy want literally every employee to have it, from client service to operations they’re all encouraged. They are not unique in this regard either
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