MrPink78 wrote:
Curious how Ibanks view the CFA when recruiting for associates from the top MBA programs?
Obviously the CFA is known more for Asset Management and Potfolio Management type roles and not so much in banking. But is there any value add of having the CFA if you want to give banking a shot?
I work in corp fin and have been pursing the CFA just because I am interested in the material, but I am thinking about going to a top MBA to break into banking. How is CFA viewed in those circles?
If you are NOT interested in IM or even a tangent to IM (e.g., portfolio management, credit risk, risk mgmt, treasury ops), don't bother with the CFA. If you are going to go to a top MBA Program, you will learn a lot of the material that is covered by the CFA exams (derivatives, statistics, corporate finance, fixed income, etc.).
To answer the question with regards to whether a CFA is valuable for banking, honestly I don't know. If you have the option of raising a GMAT score from 700 to 740 or getting an "A" in accounting instead of a "B," either of those options will provide more bang for your buck in terms of getting into banking.
If you want to pursue IM at some point in the future, a banking background and a top MBA should be sufficient to land a buy-side role. Once you get in the door, you can pick up the books again (and probably on the firm's dime). That's what I would do at least...