[Advice] Interested in risk management. CFA® helps?
Folks,
I'm in need of some advice from people currently in the industry.
I'm really interested in financial risk management and I'm currently pursuing a masters in regulation and risk management.
We have some hours allocated to CFA® and FRM (both level I) as part of our program. We can choose both but it becomes impossible to go for CFA®, FRM and the coursework.
I was planning to concentrate on FRM as I really wanna work in RM once I graduate. But my program director is pushing for me to drop FRM and concentrate on CFA®. He says CFA® has global recognition, even if I wanna work in risk where as I'll be limiting myself by going for FRM and also that FRM doesn't have much recognition.
While I haven't exactly decided where/what posts to target, one thing I definitely know is I don't wanna work as an analyst. Nor in portfolio management. I've been a tech guy all my life and I love the quant part of risk management and I previously have a masters in IT and I believe this will complement well in RM roles. Am I wrong to believe this?
Would the people working in the industry recommend me to go for CFA® even if I wanna target RM roles or should I concentrate on FRM?
Thanks y'all for your advices.
Kal-el.
I personally know people who's goals are Risk management yet choose to pursue the CFA over FRM, I've never brought them up on it to know why. I wouldn't of liked to throw the CFA on top of my masters studies and was never encouraged to do so but our head of program pushed some students towards FRM level 1 while also working on the masters as he must of felt it wasn't total overkill. If you are looking to step into a RM job straight after college I'd probably recommend lightening the load with the FRM and not letting your current studies suffer due to increased pressure from CFA.
advice CFA helps for a career in risk? (Originally Posted: 03/03/2016)
(x-post)
Folks,
I'm in need of some advice from people currently in the industry.
I'm really interested in financial risk management and I'm currently pursuing a masters in regulation and risk management.
We have some hours allocated to CFA and FRM (both level I) as part of our program. We can choose both but it becomes impossible to go for CFA, FRM and the coursework. So most of us end up picking one.
I was planning to concentrate on FRM as I really wanna work in RM once I graduate. But my program director is pushing for me to drop FRM and concentrate on CFA. He says CFA has global recognition, even if I wanna work in risk where as I'll be limiting myself by going for FRM and also that FRM doesn't have much recognition.
While I haven't exactly decided where/what posts to target, one thing I definitely know is I don't wanna work as an analyst. Nor in portfolio management. I've been a tech guy all my life and I love the quant part of risk management and I previously have a MS in IT and I believe this will complement well in RM roles. Am I wrong to believe this?
Would the people working in the industry recommend me to go for CFA even if I wanna target RM roles or should I concentrate on FRM?
Thanks y'all for your advices. Kal-el.
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