Analyst in PWM....CFA or MBA?
Currently in the private bank of a BB, thinking about MBA and/or CFA...
What's a better catalyst into investment banking?
Trending Content - Wealth Management
Career Resources
MBA. CFA is pretty much useless in i-banking.
what about in equity research? pretty much everyone in that has their cfa? if i do 3 years in pwm, then mba, do i have a chance at IB?
You'll need a CFA to go anywhere in Equity Research. Like Positive FCF said, CFA's worth in IB is virtually nil.
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.
I would say MBA, I passed my CFA level 2 last year and I am currently in IB, its waste of time
am in Toronto bytheway
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.
Possimus numquam in qui provident cupiditate. Soluta harum pariatur fugiat ea odio. Ipsa harum ea nihil quod. Delectus omnis dolor fugiat enim cupiditate nihil placeat. Magni enim corrupti laborum repellat tempora.
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...