Was wondering for someone who is looking to move to a Macro fund, what is more useful way to spend their time to make themselves a more viable candidate--- learn how to program (python, C++ etc) , or start taking the CFA exams? Is the CFA useful for global macro or a waste of time? Coming from S&T macro desk at a junior level. Any input is greatly appreciated.
| +61 | How much of success in this career is just luck | 10 | 2d |
| +28 | Would you work at this distressed fund? | 6 | 3d |
| +22 | Choosing a Seat in an AI World | 12 | 23h |
| +19 | At what point is it no longer luck | 11 | 15h |
| +15 | Feeling unqualified for new job | 5 | 4d |
| +13 | Interview at Macro HF , what should I expect? | 3 | 4d |
| +12 | SM HF to LO as a junior? | 4 | 3d |
| +10 | Data science at SM | 5 | 1d |
| +9 | Hedge Fund Sector Advice | 4 | 2d |
| +7 | Covering less deployed sector | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Programming
The CFA is well respected in the macro community. But since you have experience on a macro desk already, programming experience would differentiate yourself. Ultimately, having both would be a very good thing.
Both, but in my opinion programming is more useful. Being able to analyse a lot of data can give you a big edge, as you can quantitatively preselect which assets you want to have a closer look on.
learn vba and get good at Python or R. some PMs like to hire CFAs, but they're rare.
Definitely programming. Having an ability to automate / write some quick scripts in python will make your life very easy and stand out among peers if you are applying for just regular fundamental funds, etc
Thanks for all the responses. Gonna try and do both. Just registered for level I and gonna learn python.
try doing both and you'll get none done.
getting good at python or R requires your complete focus, especially if you're a beginner (or even intermediate). CFA, while easier, isn't exactly a walk in the park. if you're just looking to tick a couple boxes to land interviews at macro funds you're going to be called out in the HR phone screen - the interviews on the buyside are intense, nothing like the 'super days' you're accustomed to.
What level of programming competency would you need to get an edge in landing an interview? Is 2-3 years of M&A and casual programming (confident but not data scientist professional) attractive, or would that experience be viewed as less valuable compared to a more pure-play development/data science background?
bump
just learn to code. Idk why you are thinking of doing both.
Definitely learn to code. CFA not worth it. This shouldn't be a question in my opinion
Cum eos quibusdam voluptas tenetur. Pariatur enim ut pariatur voluptas. Et ullam quibusdam ipsa qui minus quia. Cupiditate provident et et et. Modi nemo asperiores quia voluptatem id id odit. Nostrum temporibus quibusdam facilis eveniet.
Dolorem et ea aut tempora. Et modi eum quibusdam odit sed eum.
Et dolores pariatur enim quae sint. Quia voluptates quod ex reprehenderit tempora qui nemo. Qui impedit inventore temporibus aliquam aut.
Quis suscipit omnis consequatur sunt quos. A maxime et consequatur et quia. Enim veritatis voluptate architecto. Sed eum rerum hic commodi quaerat. Tempora ea impedit inventore qui quia dignissimos ullam. Nam aliquam earum ratione est eum.
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...