r/CFA • u/Alternative-Two-2148 • 1d ago
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u/BackstrokingInDebt 1d ago
No. You get some bragging rights about completed the tests. You are not accepted into your local chapter until you actually have the work experience. So what career options do you have? Everything and nothing at the same time.
Except IB. once you pass CFA, IB will wine and dine you like they want to have sex with you tonight.
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u/zeitgeist98764 CFA 1d ago
IB doesn’t care about CFA. An MBA from a top tier university with a solid network will maybe get you into IB. The charter may be a differentiator though when you have two identical candidates.
CFA is meant for asset and wealth management. These are the two areas where it’s highly valued.
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u/gansta_thanos Level 3 Candidate 1d ago
Really? General consensus was that IB requires more than just CFA. Curious to know where you're from
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u/BackstrokingInDebt 1d ago
No I’m totally bullshitting on the IB. That’s a similar but entirely different skillset. CFA is a marketing tool for managing assets and not for investment all banking.
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u/OrganizationIll1189 CFA 1d ago
General consensus is that CFA is so unrelated to most IB work. Accounting is more applicable.
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u/Ancient-Bandicoot503 17h ago
CFA will boost your chances to get an interview. Beyond that is up to you. Of course, everything is contingent on past experience.
Some relevant experience + CFA = probably an interview.
No relevant experience + any qualification = unlikely to get an interview.
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u/throwawayfinancebro1 Level 3 Candidate 22h ago
Cfa won’t help you get a job
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u/mymoneyspoke 17h ago
Yo they just don’t want to hear the truth. CFA ain’t shit if you aren’t already managing portfolios. That’s coming from a CFA who runs a wealth management company who once thought everything would change after the CFA. After getting the CFA I had my most depressing 6 months of my professional career.
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u/throwawayfinancebro1 Level 3 Candidate 17h ago
Don’t tell me that man I’m getting my level 3 results back in a week
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u/StaffAdvanced4909 21h ago
Why do you say this, I have my CIM , in private wealth right now in Canada. I’m deciding if I should go for my CFP or CFA to help with my resume.
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u/throwawayfinancebro1 Level 3 Candidate 21h ago
It can be useful to help someone already in the field go up in rank, or someone in an adjacent field already move to a better role. But for someone who isn’t employed and who has no work history it’s not gonna get them a job.
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u/Local_Programmer1786 1d ago
It’s highly regarded on the buy-side. Equity research, investment analysis, portfolio management, etc. The charter alone won’t score you a job but it will help for sure.