The firm pays street comp so I should be looking at total compensation in the k range as an AN1. What do you worry about? What stresses you out? What do you drive? Do you have a maid?
Do you have a lot of friends? Do you sleep good at night? Do people seem fake to you because of your money? Did money solve a lot of your problems? But seriously, it just seems like most of my aggravations in l…. November Investment Banking. Leaderboard See all. Disjoint ST. Rank: Human 10, But some people are "crazy, yo"; and can manage it. Another friend of mine same thing, took two weeks off, worked his ass off and passed all 3 on the first attempt.
Some people are just better than the normal and manage it The two are mutually exclusive and should not be compared. You will find that people are envious if you take it and will try to bring you down, this usually comes from people in their mid-thirties who are anxious about their own careers and don't like to see a young shark trying to get ahead It does not guarantee you a job or a career advancement??
No sh. Just like an undergraduate degree from HBS does not guarantee you a job. What type of bull shit argument is that? It takes a lot of time, and does not add any real value to your future career prospects. Probably the only argument that is actually valid, but is highly debatable. I will try and explain in the next section how again IMO it adds value.
I took my level I in dec07 of my MSc, then started work and did not look at it again for a while. I had enough shit to sort out at work to avoid getting fired and getting paid. I decided to go and take it for jun11, I ended up getting poached at another company at the beginning of May, did not have enough time, and mainly ended up on a nice garden leave, and came back for the week end for the level II etc Took it in jun12, and passed it.
Will I be a sales person my whole life? Instability, yea that's right Surprise, banking is not a stable job Uni is great it means you've made it out of high school, you have been pre screened to go to a target, but it does not tell your employer how good you actually are at sitting your ass down and working. If you are in the investment profession, all bankers will show experience on the prospectuses, who they are, where they come from.
It adds a credential to the company that has hired you. It's the highest credential out there in the finance world, might as well get it You do it for the knowledge. Ok, I don't believe a single person who says that, you might as well just pick up a book or the internet and google what interests you. It's true you will learn a lot, but never in enough depth to actually do any of the related jobs without learning something else.
I want to further my career and it will help it. Plenty of things can help it, I network work hard at my job etc But let's take for example my bosses Concluding Remarks I have a good job, I am quite cosy were I am, things are going well crossing fingers. Most of my friends in Corporate banking don't have it, and they are doing just fine. However, you should seriously consider taking it.
I am rambling a lot above. If you are an introvert back office clerk with no social skills etc United States - Northeast. United Kingdom. Log in or register to post comments. Comments Add comment. Sep 4, - pm. Blue horseshoe loves Anacott Steel. Otherwise, shit waste of time, better to focus on other things. Best Response. Investment Banking Interview Questions.
Adushe O Rank: Baboon Sep 5, - am. Death is certain; Life aint. Hedge Fund Interviews. Learn more Suggested Resource Learn More.
Learn more. Sep 5, - pm. Thanks, great post. Private Equity Interviews. Gommini O Rank: Baboon Sep 6, - pm. No edge, not important on sell-side. Private Equity Interview Questions. HF Interview Questions. Hedge Fund Pitch for Interviews. View 1 reply. Hedge Fund Interview Questions. Investment Bank Interview - Toughest Questions. Sep 6, - pm. VP position and sometimes principal depending on the firm and how they title their roles , I'd say it goes something like this: Work experience - very strong track record trumps prestigious names but of course firm name matters too, quite a bit Business school very strong GMAT helps Undergrad including GPA, etc.
Every other quantifiable resume item, which is where I'd put the CFA The more senior the role, the more fit matters. Investment Banking Interview Brainteasers. View 3 replies. I would say that you need to be a Level-3 candidate to gain a real advantage. Best Modeling Courses - Finance Training. Excel Model Templates and Training. For other careers in finance i don't think it's worth the efforts you put in it, whether for corporate finance, structured finance, trading, etc.
Well, having it on your resume can't hurt you We sue people! Investment Banking Interview Case Samples. Krakauer O Rank: Gorilla Sep 6, - pm.
Private Equity Case Interview Samples. Even taking the first level and passing will show that you are interested. Hedge Fund Pitch Template. It would be huge for research, negligible for banking. I agree with TradeUp, but if you can network your ass off and study for L1, then do it. Ive been in big 4 for about 5yrs, manager level, working in audit over AM and alternatives, mostly large RE and Hedge funds and some PE funds as well as some transaction services experience too If I want to move into asset mgmt or PE would a CFA help me at all?
I ve heard its pointless for IB and is really more geared toward ER and buy side but have heared different things for AM and PE too thanks for the help. Financial Modeling Courses. Asked ad infinitum. Do a search. Please forgive me in advance if I sound at all naive. I appreciate all of your comments! Get in line, pal. It's a long fucking line too. You don't sound convincing in your goal or your understanding of the industry. Under my tutelage, you will grow from boys to men.
From men into gladiators. I will continue to dig deeper. Toughest PE Interview Questions. Passing Level I vs passing all 3 levels? Opportunities after completing Level I? Thank you in advance for your help. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. I'm sat here revising for L2 and a question comes up: "Felix Hernandez is evaluating a prospective merger between two firms of relatively equal size.
Tell me why I'm wrong I would choose McDonalds over the sell-side. What about PE? Thanks in advance P. Good luck! Rotce O Rank: Chimp 7 Sep 6, - pm.
It'll really help me to know what you guys think! May 19, - pm. No problem! Sorry for grammar and style mistakes, English is not my first language. Or - fucking genius idea - visit the CFA site. Apr 19, - pm. Want to Lose the body fat, keep the muscles, I can help. Should I take the CFA? View 2 replies. Best of luck. We are almost there And agree with this, focus on crushing your MSF program and getting job.
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See you on the other side! Join Us Already a member? The charter prepares you well for a variety of investment-related jobs, such as portfolio manager, risk manager , and research analyst. Seven percent of CFA charterholders even go on to be chief-level executives. Like we said, CFA Institute has a global network of over , investment professionals.
The CFA charter is recognized by regulators, universities, and certification programs in at least 30 countries and territories. A CFA charter is considered niche in the larger business world compared to the MBA, which addresses a broad array of topics with less depth. Getting your CFA charter allows you to gain analytical skills and expertise in quantitative methods, economics, financial reporting, investments analysis, and portfolio management.
An MBA provides a holistic view of finance and investing, whereas a CFA program dives deeper into the specifics of investing such as asset management.
Before the CFA credential emerged, many investment companies would pay to send some of their best and brightest to business schools. These students would return with improved general business skills but not necessarily the skills required for high-level, specialized asset-management responsibilities such as portfolio management.
Such specialized skills were obtained on the job as professionals worked their way up through the ranks. In general, the skills obtained in business school were better suited for employees in more general disciplines, such as marketing or general management.
The CFA program was devised to provide charter holders with specialized skills, such as investment analysis , portfolio strategy, and asset allocation. One way to explain the differences in the programs is to say that the MBA program is a mile wide and a foot deep, while the CFA program is a foot wide and a mile deep. The advantage of an MBA is that the knowledge obtained in the program is valuable in other industries outside the investment world.
The great disadvantage is cost - both the direct cost of the program and the loss of income that results from a two-year hiatus for those considering going back to school full-time. The advantages of the CFA program are the ability to acquire specific investment-related skills at a relatively low cost. However, although the CFA program is based on self-study, it is arduous, requiring a commitment of four years and 1, study hours on average to complete. Because of the commitments in both time and money, few go on to acquire both the graduate degree and the certification.
For many willing to make the commitment and meet the other prerequisites necessary to obtain a graduate business degree and the CFA, most will begin the CFA program as soon as they have graduated. These graduates hope to use some of the knowledge gained in their finance courses to give them an advantage over other CFA candidates.
However, until recently, most graduate business programs did not organize their finance curricula for this purpose because the advantage for graduates was minimal. This is changing as business schools begin to incorporate CFA course work into their class offerings. The CFA Institute audits the course offerings of these partner institutions to ensure they live up to their promises.
To attract students, graduate institutions have begun to teach a large portion of the CFA program within their graduate business curricula. The curriculum offered by these program partner schools ranges from specialized finance courses that facilitate the CFA exams to a specific CFA track, which includes courses that teach the exam material.
In comparison, the Johnson School at Cornell University seems to be organized with the CFA as one of the end goals of its graduate degree.
Johnson School provides CFA Institute study materials, scholarships to waive the registration portion of the CFA exam enrollment fee, and professional development events held in conjunction with CFA Institute member societies. Many business schools are incorporating CFA course work into their class offerings so that students can fulfill the majority of the CFA commitment within their graduate school course work.
Due to the program partnerships between business schools and the CFA Institute, there is now an efficient means for investment professionals to obtain both a graduate business degree and a CFA.
Whereas it used to be adequate to obtain one or the other, this trend and the number of new investment professionals acquiring both graduate degrees and the CFA may ultimately require professionals to obtain both.
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