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 CFA or MBA ?, to go into investment banking

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Fiona Chin
post May 22 2014, 09:28 AM

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TS, I got offer from IBs with only BBA. You should focus on your degree now, put some colours in the cert, medals, some letters like 1st class, awards, gold medalist and so on. I got CFA soon after grad and then MBA recently. If you want IB or more prestige cert, CFA. But CFA is not easy. If you flung your IT degree, you may have hard time passing.

QUOTE(Y.J.S @ May 22 2014, 06:52 AM)
I'm talking about ivy leagues. When you get CFA, you're only limited to your current career or maybe something that's related. But for sure it wouldn't make you jump to other different jobs. CFA specialises in a certain field dude, don't ya understand? An employer would rather hire a MBA than a CFA, true story.
And yes, no one will will recruit fresh postgraduates. If you think investment bank will hire fresh postgraduates, than either the investment bank is new/lack of employees or you're being plain lucky.
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Wah didn't know my fresh bachelor degree better than fresh postgrads degree. My department just hire a fresh phd analyst, I should suggest to my boss to fire him and hire a 2-3 years degree holder from mangala university or some 20 years exp janitor.
Fiona Chin
post May 26 2014, 11:52 AM

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QUOTE(ohemmgee @ May 22 2014, 12:34 PM)
But you have a business degree. Does IT graduate stand an equal chance as business graduate to get into IB ? If it doesn't, should I take CFA Level 1 during my final year to cover up my disadvantages as an IT graduate ?
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Business or not I think it doesn't matter, you need to go through a training course anyway if you got hired. Ask the boss below. I did not take the job.

QUOTE(keelim @ May 22 2014, 02:12 PM)
You are asking a question ahead of your time. Not necessarily a bad thing if you can stay focus on your priorities. I concur with Fiona, focus on your degree first. You never know if your interests might change as you progress to your final year. For now, you can pick up some financial reading to beef up your general knowledge (i.e. business or finance sections of the newspapers; or how the Government budget affects you?)
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QUOTE(ohemmgee @ May 25 2014, 09:09 PM)
What about doing CFA Level 1 in final year ? For example, I can state it in my resume as CFA Level 1 candidate. Do you think I stand a higher chance ?

Somehow my interests have been shifted to IB the corporate finance side.
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PROVIDED you have a very good grade in your degree, whatever degree it is. If you get a bad degree, your CFA level 1 make your resume look worse. Deviate from your responsibility as a student to put in effort on what you should be doing, impression of you doing the same if you get the job. CFA level 1 is common, it won't make you stand out, a.k.a. many people are doing what you are planning to do.

 

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