Upcoming college grad- when should I start studying for CFA? Is it still worth it??

I will be graduating from school this May, and am incredibly fortunate to have landed a buyside research seat at a top LO (Wellington/TRowe/Fido/Cap group) in Fixed Income. My ultimate goal is to become a PM. I plan on starting my CFA studies upon the start of my job, but recently found out that surprisingly not many associates in my program are currently pursuing the charter. I have heard very mixed reviews from my mentors, some say it is a necessity and others tell me I'd be a fool to bother with it. I've heard some horror stories of people spending countless hours and thousands of dollars for the charter to ultimately have it do nothing for their careers, but it seems to me like most of these are people trying to break into a buyside seat from back office or sell side.

Given that I want to be a PM, and ideally don't want to go to grad school, wouldn't the CFA be a necessity for someone in my position? Even if my firm does not push it, I feel that having the charter or maybe a T25 MBA would make me a more attractive candidate if I want/need to change shops down the road. I find it very hard to believe someone could be promoted to PM without the charter or an MBA. I fully realize I have an incredibly long ways to go in my career and am probably foolish to be thinking about this now, but would really appreciate any advice/insight on this.

1 Comments
 

Iste perferendis similique et eaque. Voluptatem temporibus sint et sit laboriosam. Voluptatem sunt rem sint laborum. Amet vel aut rerum pariatur veniam et.

Quis dolorem facilis nostrum similique. Sint blanditiis sequi voluptas sed voluptatem et dolor. Iste consequatur voluptatem dicta suscipit voluptatem.

Qui ea accusantium mollitia voluptas. Debitis doloribus alias non qui. Placeat quia aut incidunt architecto quia omnis. Sapiente vel suscipit ipsam nisi. Alias ducimus ducimus sed eveniet cum.

Assumenda eligendi saepe possimus similique. Delectus ullam quam tempore minus sit. Est quidem ut voluptatibus incidunt ea. Nostrum dolores eaque aut dolor est ullam.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
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...”