Best Response

I did an internship in portfolio management in NY, at the Wealth Management division of a top non-US BB. I was not on the relationship management side, but on the technical side, with people making investment decisions.

From my experience, CFA helps a lot in PWM. A lot of my colleagues either had their CFA 3, or were working on it. Few had top MBAs in fact - and meanwhile, getting a top MBA seems to be a key asset for IBD. BTW, I definitely agree with gossard13 - read a bunch of research report, and just count how many CFA certifications these people have! So CFA or MBA - it all depends on what you want in my view.

 

While CFA is somewhat useless for IB, the partner at the boutique I just interviewed at told me he gave me the interview for 2 reasons:

1) Because I had passed Level 1 CFA

2) I called him on the phone as a follow-up to express my continued interest (in addition to 5 other partners there) which he said no one had ever done before.

My name is Nicky, but you can call me Dre.
 

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