CFA or Harvard MBA for Asset Management?
Are the MBAs more for IBD and PE?
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Could you please rephrase your question?
You know that PE and IB are completely different from Asset Management right?
The thought is that maybe Harvard MBAs are for F500, CEOs, IBD, and PE. Are CFAs are for mutual fund managers? What would be best for HFs. HF mangers seem to be "smart kids" who don't have time to get a CFA or MBA.
Why not both?
CFA's are more geared toward AM/portfolio management. MBA's is more broad PE, IB, AM.
So AM, PE, IBD people are the "dumb kids"
This is not an either/or question. Or a good question. It might not even be a question.
Unlike IBD / PE, It's important to understand that AM/PB doesn't have a clearly defined career path. Some firms start you off as an Analyst and then progress you to PM whereas others don't. Getting an MBA may be useful in AM, but work experience and professional qualifications are a lot more important.
I have a related question on this topic. Would appreciate any replies. Thanks. http://www.wallstreetoasis.com/forums/emba-or-mba-for-hedge-fundsasset-…
Agreed. You'll find very diverse backgrounds in AM. Some come from pedigree schools, some not. Some backpacked in Europe and taught English in China. Some have MBAs, some don't. It really ranges.
If you're choosing one, the answer should be common sense. One anyone can technically get, while the other is limited to a select .1% of the population. If you have the choice, very easy decision. Dont under estimate CFA though
What is better for Asset Management/ IM:MBA or CFA? Current profile Derivatives Pricing (Originally Posted: 11/10/2012)
Hi,
I am a newbie on WSO. I am currently in derivatives pricing/risk (almost 4 years). I have done my MS in Quantitative Finance. However, I am a semi-quant and not a hardcore quant PhD. I have good understanding of markets and use of derivatives, risks, pricing models. I work in financial services firm in NYC (not a bank). My ultimate goal is to move to Asset Management/ investment management. I have not been able to find leads into pricing roles on buyside yet. My question: is CFA enough to move to eventually move to portfolio management? Or should I be targeting MBA from top 10 bschools? Again the same ROI of MBA question. I did my research on WSO but could not find convincing answer. Any replies would be much appreciated.
Thanks!!
MBA or network into a quant oriented fund
Thanks. I am not sure if there are too many ways to network into a quant oriented fund other than the recruiters I know. My college Georgia Tech does not many alums in this field. Can you suggest some ways to connect with these ppl? Some meetups or carrer events for working professionals in NYC?
What do you want to do specifically? Long-short equity, quant fund, macro, etc.?
A CFA is not enough for someone not already in the industry. You need to go to a top MBA program and leverage their resources to get a job coming out.
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