标题: How many Top School MBA's out here pursuing CFA Charter [打印本页] 作者: simeezee 时间: 2013-4-17 18:59 标题: How many Top School MBA's out here pursuing CFA Charter
Just curious to know how many MBA’s from Top 5-8 b-schools (Harvard, Stanford, Kellogg, MIT-Sloan, Columbia, UChicago, Tuck etc..) are actually pursuing CFA charter. It would be even more interesting to know why they would want a CFA charter after a top school MBA.作者: fishmarket 时间: 2013-4-17 18:59
because i am a masochist作者: mar350 时间: 2013-4-17 19:00
Little lower than Top 8 (Darden) but working in investments for the 1st time.
I decided to take the CFA to learn more about valuation, derivatives, asset classes, etc. to round out what I learned in b-school. I don’t think I’m learning a whole lot as the CFA has disappointingly been a lot of memorization more so than knowledge-building for me.
I’m am a little bitter having just failed Level II - will probably give it one more shot on Level II because I see some value as far as making myself marketable to prospective clients and employers (if that ever comes up).作者: zephyranalyst 时间: 2013-4-17 19:00
DCGuy,
I appreciate your response and honest opinion. Good luck for L2 next yr. And I share the same thought.. having CFA is like having an extra arrow in your quiver.
Btw .. Darden is pretty good and I plan to attend the same school..
Good luck for L2.作者: pogo 时间: 2013-4-17 19:00
CFA and MBA are different. There are tons of CFA vs MBA threads where people have dicussed the issue extensively.
To make things simple: get both.作者: profil 时间: 2013-4-17 19:00
To elaborate, I was looking to move into investment mgmt from corporate finance and thought it would help (even though I have the MBA). Now that I made the transition (although ended up in trading rather than research), not sure that it matters anymore…only level 3 to go though, so can’t give up now.作者: ayaz_mahmud369 时间: 2013-4-17 19:00
I am but because I use the CFA as a form of deliberate practice; no real need for it (career wise at this point) other than for my ego.作者: dreampak 时间: 2013-4-17 19:00
Not all MBA’s have strong finance specializations. Having said that, can’t hurt to credential up.
If for no other reason, it’s always better to be the guy that blows other people out of the water on paper. Whatever school you go to, the CFA will enhance your attractiveness to employers.作者: eagles_dare13 时间: 2013-4-17 19:00
Bostonboy,
Thanks for the note. I was wondering how has been your experience in trading so far. I am still thinking b.w trading, ER and/or risk management.
IB is not my cup of tea. Any feedback based in your exp in trading??作者: dandman 时间: 2013-4-17 19:00
I’m at Kelley - Indiana - getting MBA and MSF. The Kelley program is corporate finance mainly, the CFA covers investment more (obviously). Some potential employers favor one over the other, and with my limited experience I’m trying to look as good as possible to get the foot in the door - trying to have as much on paper to try to be remotely competitive.作者: pimpineasy 时间: 2013-4-17 19:01
Key difference that I think will be more relevant in the future: an MBA requires no ethics or loyalty to anyone but yourself. Once you get your MBA, you are free to wreak havoc with your newfound crown and walk away when the dust settles. Witness Kyle Bass who bet against a lot of new MBAs on the MBS and made a ton of money. As a CFA, you can have your charter revoked, much as a doctor or lawyer. You mess up or screw your clients over, and you dont get to have that chance anymore. The SEC has proven to be about as impotent a regulatory body as there can be, so I think CFAI will play a bigger role in the future. And like that Harvard MBA ethics oath, NO ONE WOULD SIGN IT!作者: Chuckrox8 时间: 2013-4-17 19:01
Anyone have luck getting into a top MBA program passing a few CFA levels? Did it help in the application process at all?作者: wizofoz 时间: 2013-4-17 19:01
CFAMetal
——————————————————-
Anyone have luck getting into a top MBA program
passing a few CFA levels? Did it help in the
application process at all?
Yes, I’m curious as well.作者: jmh530 时间: 2013-4-17 19:01
Heard from two individuals it does. One went to Columbia and said having CFA can compensate for lower GMAT score (he only passed L1, and was speaking hypothetically). Another guy got into top international MBA in spain ESADE? I beilieve and he had 600 GMAT and had CFA, got in with no problems. My profs. at school also indicated that CFA would help to get into top school.
Will you get in just cuz you have CFA no. Will it help? certaintly. You just might need to present what you got out of it (I’m not talking SML or Pension Liability). However, this all can be biased as having CFA might have correlation with other traits that help to get into top B-School.
Lastly, if there are people from top MBA finding it useful to get CFA, it must be somewhat valuable if you have one going into school.作者: Bad5shah 时间: 2013-4-17 19:01
A top 25 Finance professor I know tells all his students they must get their CFA after their MBA if they want to be in this industry.作者: justin88 时间: 2013-4-17 19:01
Thanks, sunnyrollen, I just wanted to tread lightly since he asked for a specific subset. Best of luck if you go to Darden - it was a great time and I learned a lot.
For all of those people who are doing the CFA (or parts) before business school, I think that is a great idea. I am sure it helps some with admissions. Also, the work in some classes will come easily to you which means: less time studying, more time recruiting, ability to take harder/more interesting classes, better participation and group work, etc.作者: rgonzalez 时间: 2013-4-17 19:01
Sorry - didn’t see the ‘5-8” part - just though you meant top tier…作者: LorrinCFA 时间: 2013-4-17 19:02
BS.
If u got a top MBA, who cares if you have a CFA.
u can work in the top IB or MCs with the top MBA. but u can’t go in there with however number of CFA titles.
and ask around, how many investment bankers have CFA? they call it a waste of time and useless. u rather spend that insane amount of time networking in a bar.作者: sgupta0827 时间: 2013-4-17 19:02
Sunnyrollen,
I don’t trade (for a job). I do securities valuation. For Risk Management, more quantitative backgrounds are what impress. Also there are different credentials for that. As for trading, its very hard to get hired into trading department. I think in the program I went to, only a handful are in trading roles.
If you pass the three CFA exams prior to B-school, then you will probably get shortlisted more all things being equal. Of course, if you have the charter, thats much better, but then you have to have the requisite work experience.
I do know that just because you go to a top MBA school doesn’t mean you know finance very well. It depends on your specialization and I don’t think you’ll cover quant and deriv’s as much in depth.
Investment Bankers don’t need / desire CFA’s because it’s just a different skill set. CFA is more geared for either investment management (i.e. Pensions, PWM) or equity research. (I’m not trying to step on any toes, maybe I left something out).作者: ruchita 时间: 2013-4-17 19:02
OK, here’s my 2 cents. I have an MBA from a top ten school (rhymes with University of Bicago). I am going back after 8 years to get CFA. The reason is because I have switched from trading (market making) for a bank to Investment Management. Having a CFA and an MBA is great for IM…..heck just a CFA is great for IM. IF you want to work for a Bank, its really not needed and you need an MBA from a top school. My MBA program was VERY quant and finance driven, so almost all the CFA concepts I had done before, so why not just get the Charter? There it is. BTW, just passed L2 and on to L3. Basically, if you want to do IM you need……NEED…….a CFA. (Well its very very helpful)作者: CPATrader 时间: 2013-4-17 19:02
taking this thread on a little tangent…
I have a Master’s degree in Information Technology and 5 years working in IT for a not so well know company and a start up. I passed Level 1 in June and now going to L2 and L3.
How realistically does this improve my chance of getting into a top 10 mba school. I am 31 now and dont have any special acads to talk about.
thoughts ?作者: tarik64 时间: 2013-4-17 19:02
CFA will help getting in, along with a good GMAT and recommendations. Very do-able!
