Hi everyone - fairly simple post which I wanted to gather some thoughts/ insights from those in the industry.
I am currently just entering my third year as an associate in the M&A group of a tier 1 law firm (one of Cravath, DPW, Skadden, SullCrom). The job is fine but I find myself becoming more and more interested in business and the role of a corporate adviser, not a corporate lawyer. I have a few friends at the associate level in BB banks and personally find what they do, along with what they will do as they get more senior, more interesting than the day-to-day of what I do in corporate law. I do not regret my time in law and think it provides for an excellent grounding in business, however thinking ahead to the next 5 years this is where I see myself going. The rationale is not to make the jump to end up in PE, I ultimately want to long-term stay in banking and do corporate advisory work.
Have been thinking about this for a while now and really think I want to try and jump in the next 12 months into IBD and ideally enter as a first year associate. My deal is experience is good - a mixture of large public deals and PE deals - and I went to a decent college/ law school.
I am considering the CFA and starting Level 1 this year - would appreciate any insight into whether people think this would be worthwhile or not?
My main concern is about the technicals/ lack of actual finance experience, so if anyone has any insight into courses/ ways to demonstrate that that would be good.
Equally, I have had 2 friends say to me that they think based on my deal experience and strong network, if I can get up to speed on the technical side then there is really no need to try and pursue something like the CFA, as ultimately that is just something they don't think is that valuable for the role and only really adds to my commitment to the industry story, which they think i can demonstrate without it anyway - any thoughts?
Thanks all and appreciate any advice or insight that people may have.