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• no

  p 12 Mar 2009

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• Equity management, yes. Leverage whatever relationships you have to break in (and keep jonesing for new ones). Now isn't the most hospitable time...but in better times, MBA+CFA+wealth management background should be transferable to portfolio management. Even then you'd have to hustle though: just as in any other field, career switchers generally lose out to newly minted college/MBA grads. IB, no - too old to break in at this stage without either an Ivy MBA or a background that gave you transferable relationships (with big-company CFOs). CFA adds next to nothing in this case. -- Jon Jacobs, eFinancialCareers News staff

  Jon Jacobs 12 Mar 2009

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• Jon thank you for the insights, i figure this is a good time in my life to either take on a challenging endeavor and sell my practice in a couple of years, or continue on a steady yet not as fulfilling growth path.

  Davidj9999 13 Mar 2009

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• What's your real motive for switching careers. Of course that will be the question on everyones mind. Prestige and money is not going to be an acceptable answer. Neither will the ole I've always loved analyzing blah blah blah. Also, CFA is no cake walk. On average, it takes 4 years to complete. Another two for an MBA. So your looking at five maybe 6+ years before your credentialed to your own specifications. Not to mention the 60k for the MBA and another 5k for the CFA (when you factor in study notes packages on top of fees). That would put you at roughly 40 and 65k or more in the hole. Also, you have to consider, it's not like your going to walk into PM position where your calling shots or have any kind of autonomy to make investment decisions. More realistically, your looking at a junior role with a hefty pay cut for roughly two years. Are you ready to take orders from someone much younger than you after running your own shop for 10 years? Are you ready to do menial portfolio (reconciling trades, cash, client paperwork) tasks initially. I'm not trying to be a naysayer. I really want you to consider your motive and what your facing. It's not going to be glamorous by any mea

  Debonair_G 13 Apr 2009

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• FYI, I'm 27 and smack in the middle of trying to make the same transition. I speak from experience.

  Debonair_G 13 Apr 2009

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