Business Jobs for CFAs - outside of Asset Management, Equity Research?? Thanks!

If you are young in your career and have the CFA charter, what viable job opportunities do you have outside of Asset Management, Equity Research, and IM? Say, you don't have that much work experience either...

What other business fields would you become attractive for?

 
Best Response

If you earned the CFA charter you by definition have four years of finance work experience, so in my mind you would no longer be "young" in your career. If you are referring to passing the exams, I think you have to differentiate between being in finance and in another area.

If you are in finance if gives you a broad base of knowledge for the careers you mentioned, as well as credit risk, certain type of actuary work (you will have to do other exams though) quantitative analysis, and portfolio support.

If you are not in finance it is not going to be a golden ticket by itself, you will need to beat down some door to break in. They exams help but cannot stand alone.

I have seen quite a few charter holders in treasury/CFO type roles, but that is further along in your career typically.

 

This comment reminded me of other consultants that look for CFA charterholders, the big-4 accounting firms. I know that at least a couple have advisory businesses that do business valuation and IB services for smaller companies. I made it to a superday for a position in a big-4 business valuation practice (didn't get the job). The MP told me that about half of the guys there have CFAs and half have CPAs. What I got from speaking with the guys who work there is that they do a lot of PP&E valuation, goodwill impairment testing, and M&A advising.

I think a lot of people overlook the big-4 but they definitely hire CFAs, and the pay and benefits are outstanding.

 

Sint aperiam ipsum omnis omnis reiciendis vero. Ducimus rem cum animi unde consequatur.

Incidunt aut excepturi officiis consectetur nam excepturi ea. Soluta error ullam earum necessitatibus nobis sit ad dicta. Autem illum excepturi illum. Est dolore rerum et ut cupiditate id veniam. Consequatur consequatur corrupti consequatur minus facere blanditiis magni.

Optio est exercitationem sint hic saepe. Minus velit dolorem reiciendis. Repellat quia et consectetur earum sunt animi ut. Labore sit reiciendis aut cum dicta quos.

Architecto aut ratione cupiditate debitis qui. Explicabo nam itaque culpa quia quia. Consequuntur reiciendis dolore et voluptas harum. Qui voluptas est officia eaque tempore debitis provident.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
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...”