Use free period for doing Investment Management internship at PE or studying for CFA?
Before I started studying, my aim was to break into IB and eventually PE. So I went to a Target School, did an accounting internship, a TS internship at one of the Big4, and now I've secured a PE internship at a very well-know MM firm.
However, after hearing about the horrendous working hours from my friends who did IB and PE internships, and the constant requirement for availability even on weekends, I started to rethink and wanted to move towards another segment. I looked into AM, and asked some friends who completed internships in portfolio management. It looks and sounds very interesting, and working hours seem way better. Given that I'm from a Target School and already did a TS internship and have good grades, I will aim for a FT position at a good company (e.g. good salary, weekly working hours rarely exceeding 60 or 65 h). If it's of any relevance, I live in Europe and do a Master in Finance and did a Bachelor's in Economics.
Coming to my actual question. I have my next 3-month internship at the PE company lined up in April, which I secured many months ago back when I was still sure about going into PE or IB. I know that having completed at least the first CFA level is seen as advantageous, so I was wondering what would make the most sense out of these options:
1. go for PE internship, apply for AM FT
2. ditch PE internship and get level 1 exam done, then apply for AM FT
3. do PE internship, get level 1 done, then apply for AM FT
Unfortunately deadlines for AM internship positions have already passed.
Bot has moved the thread to PE forum due to certain "detected keywords", instead of leaving it in AM where it belongs.
PE internship for sure.
Your internship is so much more valuable than CFA L1.
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