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Undergrad degree or CFA
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http://www.cfainstitute.org/programs/cfaprogram/register/Pages/index.as…
Have a bachelor's (or equivalent) degree or be in the final year of your bachelor's degree program at the time of registration* or have four years of professional work experience (does not have to be investment related) or have a combination of professional work and college experience that totals at least four years. Part-time positions do not qualify, and the four-year total must be accrued prior to enrollment.
Your ambitions are to be in research or investment banking....but you are also very interested in trading. Interesting.
You want to be considered for 3 careers yet the options you listed will add up to about 1/4 of a candidate.
So what are your suggestions
I don't know. I bust chops, I don't actually help.
The tone ... tore me apart.
This cracked me up.
OP, I think the highest % path for you would be get an accounting job and recruit for finance out of a business school or after you complete 2-3 levels of the CFA exams (you can't get the Charter until you have 4 years experience).
Depends on where you see your iBanking or trading career going.
If you're content to live in Vancouver for the rest of your life, I think sitting for CFA Level I and networking every shop in the area would be the smart thing to do. Just be cognisant that you'll probably be working for a smaller boutique with less deal flow and likely won't have a standard analyst training program that would be available at one of the Big 5.
However, if you want to get out of Vancouver, Sauder is the place to go. Every fall, they have on-campus recruiting from all the major Canadian investment banks, plus some recruiting from BofA/Citi/GS/MS, etc. If you get accepted into any of the above mentioned analyst programs, you'll likely be working outside of Vancouver (Toronto/New York/London/Hong Kong).
Also, you could complete your undergrad, work on your CFA and find some sort of qualifiable work experience for the CFA program to fulfill the work experience requirement, and then complete an MBA or Master's somewhere. I think from a purely monetary perspective, spending the next 3 years (and tuition) completing the same degree again is rather counterintuitive.
Keep in mind that relatively speaking, Vancouver is a tiny market compared to the other financial centres, and as a result, far fewer jobs are available in iBanking or trading to recently graduated business students.
Vancouver would definitely be a place I would want to stay but Im more concerned about a path to a career. I want to make this decision independent of any opportunity costs because it will impact my earnings potential long term. If I were to go to UBC, events like that are the only reason why I would go their. I don't see myself getting an interview at a big bank if i have to apply through their website. Though i assume that after cfa level 1 people will be at least willing to talk to me. My other route would be to go through accounting and get the new CPA, but I really really really dont want to do that.
Surprisingly, there are actually a lot of CAs (soon to be CPAs) working in the investment banking industry around Canada and is a lot more common entry-point than you think.
Given where you are now, a smart move would be to article at an accounting firm, work on your CFA, and then transfer to the accounting firm's corporate finance/capital markets department. From there you can lateral directly into one of the big banks and will have significantly less competition than you would for an undergraduate analyst program.
There are less than 10 analysts hired in Vancouver directly out of university every year, Sauder might not be the magic solution you think it is either.
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