Struggling to get into a high paying core finance job even after clearing CFA level II

Breaking into high-paying core finance roles, especially in Big 4 Deals Advisory, Corporate Finance, or Valuations, can be challenging, but it's not impossible. Based on the most helpful WSO content, here are some actionable steps and insights to help you navigate this situation:

1. Leverage Your CFA and Experience Strategically

• While CFA Level II is a strong credential, many Big 4 roles (especially in India or similar regions) prioritize CAs or MBAs due to their accounting-heavy focus. However, your sell-side equity research experience and CFA can still be valuable for roles like valuations, financial modeling, or even TAS (Transaction Advisory Services).
• Highlight your modeling skills, financial analysis expertise, and ability to interpret financial statements in your resume. These are critical for roles in Corporate Finance and Valuations.

2. Networking is Key

• Networking is often the game-changer for breaking into these roles. Start reaching out to professionals in Big 4 firms via LinkedIn or alumni networks. Focus on those in the departments you're targeting (Deals Advisory, Corporate Finance, etc.).
• As one WSO thread suggests, aim for 5 emails a day, five days a week. Schedule calls or coffee chats to build rapport and gain referrals. Networking can often bypass the "CA/MBA" filter.

3. Tailor Your Resume

• Based on WSO insights, your resume should emphasize:
  • Quantifiable achievements: Highlight specific deals or projects you worked on as a sell-side analyst.
  • Technical skills: Showcase your proficiency in financial modeling, valuation techniques, and tools like Excel, Bloomberg, or FactSet.
  • Certifications: Clearly mention your CFA progress and any other relevant certifications.
• Consider adding a "Career Objective" section that aligns with the Big 4's focus on deal value chains, financial advisory, and long-term career growth.

4. Upskill and Fill Gaps

• If you're facing rejection due to a lack of CA/MBA credentials, consider supplementing your CFA with additional certifications or courses. For example:
  • Financial Modeling Courses: Programs like Breaking Into Wall Street (BIWS) or Wall Street Prep can strengthen your technical skills.
  • Valuation-Specific Training: Focus on advanced valuation techniques, which are highly relevant for Big 4 roles.
• Some WSO users have also recommended pursuing ACA/CA (if feasible) or even an MBA for long-term career growth.

5. Target the Right Roles

• Not all Big 4 roles require a CA/MBA. For example:
  • Valuations and Modeling: These roles often value CFA candidates, especially if you can demonstrate strong technical skills.
  • TAS/FDD (Financial Due Diligence): While accounting knowledge is essential, your CFA and equity research background can be leveraged here.
• Focus on regions or teams where Big 4 Corporate Finance is stronger (e.g., Europe for MM IB-style roles).

6. Stay Persistent and Positive

• Many WSO contributors have shared similar struggles but eventually succeeded through persistence and strategic networking. Remember, rejection is part of the process, and each application or interview is a learning opportunity.

7. Consider Alternative Paths

• If Big 4 roles remain elusive, explore other firms or boutique advisory shops where your CFA and experience might be more valued. These can serve as stepping stones to your dream roles.

By combining targeted networking, a tailored resume, and continuous upskilling, you can significantly improve your chances of landing a high-paying core finance role. Keep pushing forward—success often comes to those who persist!

Sources: Q&A: From Big4 Audit -> Big4 Advisory -> MBA -> AM Portfolio Manager, Q&A: Big 4 Audit to MM IB, What are the best alternatives of IB (or other high finance)/Consulting if people don't get in?, The Forgotten IBD: Big 4 Corporate Finance - Q&A