Advice: CFA for Trading???
Hi
I'm in a middle office job at an IB and I want to pursue a carreer in trading in a prop trading firm or on a Hedge fund.
That said, would a CFA be of value? Or at least enough value to spend like 2 hours for 5 months studying for it?
I can already code in python and im also thinking about a masters in finance.
Thanks.
When I talk to middle office folks and I ask them what they want to do... They also say front office and that they're taking the CFA to get a job within sales, trading, etc... Honestly I only know one trader on the desk who has a CFA out of like 50 folks within (sales, trading, quant) on the front office side. It's not needed. I mean if you're a hot shot who can finish CFA in two years. Hell yeah, go for it but there a lot of folks who has CFA and still can't get a front office role and on average it takes them 4 years just to finish. Personally, I think CFA is more relevant for firms like BlackRock, Vanguard, family office, portfolio management, etc... Not particular found at banks or prop firms. CFA doesn't make you a better trader, at all. You talk to any trader, I'm talking about risk taking traders, not execution traders... They will say CFA is totally irrelevant. Just cause I take the CFA doesn't mean I will be making 7 figures PnL... Honestly, if I were you, I would focus something more quantitative and learn python. Probably move to quant role and go to trading. Typically, this is the most common path I've seen. I see a handful of guys on my desk who are trading exotics / rates vol who were former quants but they have masters in quant finance or some shit from columbia... I'm no where close being smart as them. When I was interviewing people for junior trader roles, my biggest thing I was looking at was what their drive and their previous work history. Drive is obviously determined during face to face interviews but if I were you, do something related that can help you get into trading. For example, I worked in natural gas derivatives and I see people who work as a scheduler to end up moving into physical natural gas trader roles. Middle office is a good place to be but most likely your opportunity to move in trading won't be from transitioning from middle office to trading but middle office to sales then trading possibly or middle office to a smaller firm that will give you a chance to work as a junior trader. This is from my experience.
What about a masters from a non target university?
get a masters first. much more valuable.
if your firm sponsors the cfa then do it, otherwise fuck it.
Even if the masters it's not from a target university?
not sure what your definition of target is.
Nihil inventore sint modi aut sint aut. Magnam temporibus sequi cumque quae aliquid eos. Dolorum fuga ea asperiores aut. Delectus aut et iusto sunt nihil. Incidunt qui facilis tempore delectus nihil nesciunt laborum.
Aut adipisci eos qui est omnis. Possimus ducimus animi molestias alias est. Molestiae numquam quaerat sed quam ut neque.
Repellendus eveniet ab rerum voluptate ipsam enim qui. Et quibusdam minus consequatur nisi harum deserunt optio nulla. Dicta officia sed dolores voluptates fuga vel quia nihil. Maiores quos et iusto magni quia. Vitae non quaerat quo veritatis quis accusamus labore. Rerum rerum consequatur sunt aliquid voluptas. Officia totam ducimus iusto eligendi cupiditate est.
Aut rerum quaerat consectetur qui. Quam fugiat magnam dolorum culpa magni consequuntur. Qui ut qui et quisquam. Suscipit quae dicta qui quod saepe dolore. Dicta soluta mollitia eum laudantium. Molestias omnis impedit necessitatibus quis vel maiores. Occaecati laborum voluptatem quaerat id sunt itaque ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...