Should I take CFA exam?

I am going to get my MBA this summer. I want to break in IB > CF > ER > RE, as an engineer. I wonder if I should start to prepare CFA level 1 exam to gain some basic credentials and some dedication before school starts? or it is almost useless?

6 Comments
 

Thank you!  As I don't have any finance background in the past. Do you have recommendations for what I should prepare in the next several months before the school starts, in order to get an IB or ER job?

 
Most Helpful

Here's my thought -- if you have time to study for the CFA before you start your MBA , and you're possibly interested in ER or AM, yes, take it. It will open up so many more interview possibilities for you down the line. Just look at some of the job posts for these positions -- many of them "strongly prefer" that a candidate has "started the CFA process." And by the way, there's a good chance that for many of these jobs, you might not have to complete the CFA process (Levels 2 and 3) -- but just having the Level 1 under your belt will get you in the door because it will show employers your commitment to the field and also your additional investing knowledge, which coming from an engineering background, employers might assume you don't have. If you have CFA, you can refute this assumption.

 

Thank you so much! I heard that AM jobs are almost impossible for people like me without any financial background. Is that the case in your experience? I am in Canada, the job market is very small compared to the U.S.

 

IB doesn't care about the CFA exam. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Aut ut sapiente sed aut. Voluptatibus architecto nulla voluptatem veniam dolor. Libero doloribus alias dignissimos mollitia in expedita. Eos ducimus quasi et praesentium aperiam beatae cum laudantium. Consequuntur sit fuga consequatur ut quibusdam qui. Ab corporis accusamus quisquam deserunt culpa.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”