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 CFA or MBA ?, to go into investment banking

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Topace111
post May 25 2014, 03:21 PM

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QUOTE(ohemmgee @ May 21 2014, 06:48 PM)
Currently I am in my first year undergraduate majoring in IT and would like to go into investment banking for my career. I understand that investment banking accept all sort of majors but should I take up either CFA or MBA to score a better chance of going into IB ?

Should I take CFA Level 1 exam in my final year to have a higher chance of going into investment banking upon graduation ?
Or should I focus completely on my undergraduate studies (e.g. : CGPA & Co-curricular activities) ?
Or should I work for a few years upon graduation and then go for MBA after that ?

My main goal is to go into investment banking once I graduate but am afraid IT graduate would have a lower chance.

Thank you in advance for your advice.
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Focus on getting high grades and curricular activities.
Cfa without working experience doesn't add much value especially recruitment.
Only when you have extensive number if practical experience + technical knowledge from cfa, yes it will be.

MBA depends which school you enter. If you are talking about FT100 yes it will make a difference. For example CEO of Goldman Sachs is MBA background. Difference is MBA requirement for entry is much harder than cfa especially the prestigious ones.

Btw, isn't there good career prospect for our background? Oracle expert engineers in mys also can earn 20-30k per month after 10 years experience.
Topace111
post Jan 3 2020, 04:20 PM

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QUOTE(bmwcaddy @ Jan 2 2020, 03:21 PM)
Sorry to necro and reviving old thread.

Any additional inputs for this topic? Currently unable to decide whether to choose CFA or MBA (currently working as junior analyst in business conglomerate in Malaysia).

I'm leaning towards being a fund manager/investment banker by having CFA, but not very sure about the availability of opportunities (attractive ones) in Malaysia yet.

Any inputs will be much appreciated.
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In general, CFA without experience is worse off than someone with MBA from reputable school (ivy leagues). Reason, good MBA have very high filter requirement like 7 years working experience with MNC, managerial or consultancy background, good GMAT scores and recommendation from alumni. If the MBA schools don't have these criteria, it's just a normal MBA that won't really make a huge adjustment to your career prospects.

CFA is just an exam paper so experience is more important. CFA member will be good as you have 4 year relevant experience. Finishing the exam just prove you can learn to apply, not many large company will hire you on that basis without proper experience.

 

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