Would CFA help the lateral move?
I am currently working at a tier 2-3 CB. I am trying to make a move to lev fin in a couple of years. Right now, I have some free time in my hands and am thinking about whether I should use it for good use. I passed level 1 a long time ago and thinking of finishing that up if it would help me recruit.
What is the value of CFA these days? I mean it's a lot of money and a lot of time. I have a financial background and am also a decent undergrad with a finance major. Studying it would be a pain but won't kill me. It would be a lot of just reviewing what I have learned in college tbh. But if it does not offer any value like what most people say then I would rather not go for it.
Would it give me some edge over others if I finish the rest? Would I at least receive more interviews due to it? Or is it completely useless?
Thank you guys in advance.
bump
Most lev fin guys at the firm I’m at have many years in credit research and a CFA on top of that. People coming from outside typically lateral in with a top MBA if they don’t have that background before. Not to say the CFA isn’t a great credential that is worth pursuing in this industry but I don’t think it’s as much of a career pivot tool as it once was. It’s popularization has led to so many charter holders that it really only pushes you up in your segment and doesn’t really facilitate a transition as well as it once did. I’d say pursue it for the sake of pursuing it because at the end of the day it is worth it, particularly if your firm pays for it, but it might not be the difference you’re looking for when it comes to moving into lev fin.
Do some of your lev fin coworkers have a Corporate Banking background? I was hoping that it would be a way to transition into levfin.
I think my firm might be unique because they prefer post MBA or people with direct credit experience in AM/Lev Fin prior but can’t imagine it’s too different elsewhere. CB is a great way to get in at some smaller shop I imagine
Is CB corporate banking? If so, are you on the credit side and are you modeling? Definitely building transferrable skills already if so…I don’t think the CFA would be worth it. Especially if you want to do a transaction based job.
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