Is there any benefit to having the CFA qualifications for jobs in the US anymore ?
I have a total of 3.5 years in i-banking and structured credit ratings and am trying to decide if there is any added value. Am looking to switch to asset management.
Asked by serendib
Posted in Switching Sectors and Debt / Fixed Income
20 Aug 2009
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US


Unambiguously yes. A CFA charter - or simply participation in the program (i.e. registering to sit for Level I, passing it and registering for Level II) - would definitely add value for the specific path you outlined. Asset management firms place great emphasis on the CFA credential; some require it for their portfolio managers. From a content standpoint, the financial knowledge base associated with I-banking and structured credit ratings work contains some overlap with that of portfolio management, but the match isn't all that close. So the CFA curriculum, which is quite broad-based, should help fill any gaps and enhance your ability to speak with asset managers in their own language. (Side note: there are also more-specialized credentials for hedge fund management, such as the CAIA.) -Jon Jacobs, eFinancialCareers News staff
Jon Jacobs 20 Aug 2009
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