MS, CFA®, job opportunities

I am a recent MS graduate (Financial Engineering, University of Montreal) now working as a credit risk analyst for a Quebec Bank in Montreal, Canada. I am interested in working in New York but am intimidated by the competition and unsure which jobs are perhaps a good match.

I have little experience but am considering doing the level I CFA® this year in hopes this will help me for New York. I am not interested in going head-to-head with Harvard PhDs for quant jobs in New York.

1) What kind of jobs should I look for in New York if I want a mix of finance and quantitative? What is a good match for me? I'm not even sure what kind of job listings to check and get confused with all the titles - investment banking, equity research, etc. Is financial engineering too quant? Can risk analysis/management be mixed finance/quantitative? Should I search for MS in the job listings?

2) Will a CFA® help me? Or would rather FRM/PRMIA actually help me significantly? This topic seems to have very mixed reviews on this forum. Remember, I dont want to be a full 100% quant. Id rather not attempt to compete with ivy league PhDs - there seem to be a lot of them, they get burnt out after a few years of the postdoc stuff. But I get the impression that FRM/PRMIA is nice yet redundant with my MS and not even that well recognised.

2 Comments
 
Best Response

CFA wont help you. Look into trading or something like that. See what banks recruit at CMU or Princeton. Don't bother looking for MS degree postings because most places don't specifically recruit or post jobs for a MS degree (either BS or MBA).

 

Quis repellat quae a nobis sit non ipsa. In hic eum aut repudiandae sapiente laborum qui voluptas.

Sunt rerum eos et molestias. Voluptates omnis sint modi voluptates ducimus in iste reiciendis. Libero consequatur inventore consequatur quos dicta. Aut quia placeat unde. Voluptatem error a repellat et amet a.

Illum non rem libero cumque quo porro. Occaecati ut ad fugiat esse ipsum a. Est in cupiditate quia cupiditate vel tempore ut. Expedita et quae aut corporis.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”