Should I do CFA or not

Based on the most helpful WSO content, here's what you need to know:

1. CFA for Breaking into IB/PE:
   The CFA is generally not considered very useful for investment banking or private equity. Most professionals in these fields don't pursue it, as the skills and knowledge it provides are not directly applicable to the day-to-day work in IB/PE. Instead, your time would be better spent on networking, maintaining a high GPA during your MBA, and honing your financial modeling and valuation skills. However, if you plan to pivot into asset management, equity research, or other areas like corporate development or restructuring, the CFA could hold more value.

2. Skills/Projects for Non-Traditional Backgrounds:

   • Focus on networking: Building strong connections is critical, especially if you're coming from a non-target background.
   • Develop technical skills: Excel, financial modeling, and valuation are essential.
   • Work on storytelling: Be able to clearly articulate your career trajectory and why you're transitioning into IB/PE.
   • Gain relevant experience: Internships, case competitions, or even freelance financial analysis projects can help bridge the gap.

3. Virtual Networking and Opportunities:

   • Join platforms like LinkedIn and WSO to connect with industry professionals.
   • Participate in virtual finance competitions or case studies.
   • Look for online networking events hosted by MBA programs, finance organizations, or even boutique firms.
   • Consider joining communities like WSO, where you can engage in discussions and learn from others' experiences.

4. Restarting a Finance Career in 2026:

   • Prioritize networking and building relationships early.
   • Focus on technical skills that are directly relevant to IB/PE.
   • Seek out mentorship from professionals in the field.
   • Be strategic about your MBA: leverage it to access internships, alumni networks, and career services.
   • Avoid distractions like certifications (e.g., CFA) unless they align directly with your career goals.

In summary, for your specific goals of breaking into IB/PE, the CFA is not a necessity and your time would be better spent on networking, technical skill-building, and crafting a compelling career narrative.

Sources: Is CFA® necessary for investment banking ?, https://www.wallstreetoasis.com/forum/private-equity/then-and-now-compbanker?customgpt=1, THEN and NOW: @CompBanker