First post here, so please forgive any true newbie questions I'm about to pose here.
I have a BA in Social Sciences from a small LAC and did a year of law school at a T20 school before withdrawing (realized it wasn't the right time for me to do more education yet). I have been working in fundraising (or 'development,' as it's known in higher education) at a major State U for about 2 and a half years since graduating now. My job touches a wide range of buckets in this field - I manage a small budget that determines our participation in direct mail and other creative content, work with our Dean and leadership on high-level strategy, and most notably, identify and manage relationships with alumni and other donor prospects with the ultimate goal of soliciting funding for our institutional priorities.
I love my job but I'm not thrilled with my salary (perks of being in the nonprofit world, I guess - even in a behemoth university). I have a good friend who works in investment management for a large pension fund and is studying for CFA Level I who suggested to me recently that I might (at some point) be a good fit to move into PE 'sales,' which I assume means some sort of investor relations role?
I understand that's only one option potentially available to me, but I'd like to figure out what would be next if I decide to move into corporate/private sector work. I don't have a business UG background, so I'm thinking that further education is probably a good idea - does an MBA make the most sense? A couple of other friends I've talked to have also said that the CFA is a better bet than an MBA at this point, but it seems like that only covers a small portion of the skills that graduate business education would, particularly for someone who didn't study business in UG. Is that correct? I'm also not sure if there's a way to try to make a move into the private sector without stopping for more education first - would I be looking at a backward move (to some sort of admin role) if I tried to do that?
Lots of questions, obviously, but any general insight anyone has would be much appreciated! Particularly if anyone has or knows someone who has made a move like this from nonprofit/fundraising work into the private sector world. Thanks!