CFA咨询？
Hi there,
I am from electrical engineering @ university of toronto and i am doing an intern at some IT company right now. i am interested in getting a job in a咨询company but they always ask for a business/金融的background which i dont hv. i am wondering if passingCFA1级将帮助我在一家咨询公司接受面试。
DoesCFACharter Help Consultants?
这CFAcharter is a sought-after designation for many industries within finance. While it is perhaps most appropriate for资产管理，每年都有成千上万的人签署，以便他们能够在一个严格的学习期间幸存下来，并且著名的通过率较低。
If you're looking to break into consulting, however, theCFAis not needed. Some consultants may have earned theCFAdesignation, but this likely happened during an earlier finance-related part of their career.
If you really want to improve your finance knowledge, here are some other recommendations to consider:
- 与您学校的校友建立联系，他们从事咨询并获得建议
- Spend the time preparing forcase interviews
- Learn excel skills through a财务建模course
- Add a finance-related次要的if you're still in school
- Read:
迈克尔·波特（Michael Porter）
Recommended Reading
Comments (34)
hmm, level 1 itself will give you the business knowledge, butcfahas nothing to do with consulting and theres no point in taking level 1 without 2 and 3.
so is there a better alternative than takingcfathen? say taking a minor?
Your time would be much better spent networking. Consulting companies hire a lot of engineers, mostly for IT consulting but also for other divisions. TheCFAwill take 200+ hours of your time and focuses on a lot of subjects not directly applicable to consulting. A minor is a better option but I know a lot of consultants who had little formal business education before the entered the field. They prepared well forcase interviews, which are the only real business knowledge tests that comes up in recruiting for many firms. I would contact alumni from your school who worked in consulting and get their opinions.
这CFA要花750多个小时才能清除所有三个级别。咨询行业中有CFA，但他们在职业生涯的早期赢得了与投资有关的事情的指定。这CFA适合资产/投资组合管理so it doesn't have much practical application in the consulting world.
Will it give you a leg up? Always.
嗨，猴子，
I have 8 months to kill before starting myMBBgig in August in a region where it sounds as though I'll be doing a lot ofPEdue diligence work.
CFA第一级 - 充分利用我的时间？我研究了Hirstory @ hpy，但从未去过该领域。自高中以来，我还没有使用Excel。我不确定2 - 3年后我想做什么MBB, but I do know I want to do something productive before starting.
Thanks for your input and perspective.
Perimmon.
。
Level IIICFAcandidate here.
You won't get any excel skills from theCFA程序。您将对会计和一些高级估值技术熟悉。对我来说，纽带和衍生品的部分是最新颖的部分（您对股权评估所了解的大部分是常识）。
都告诉CFAprogram will not be of very much use while you're atMBB。正如2x2所说，“ PE尽职调查”不是财务尽职调查，他们为此使用了银行家（或内部）。
Where theCFAcan help you a great deal is if you're looking for a hedge fund (or maybe PE) job after 2 years, but I imagine that level I only won't give you much of a leg up.
老实说，我不认为CFAprogram is right for you, given what you've said about your interests. If you're still interested, I'd suggest, ahem,acquiringthe schweser notes and reading a few chapters & practice problems (don't start with ethics though), and see if you like it. If you don't find it fun I guarantee you won't finish.
If you're really looking for something to do to educate yourself before starting atMBB, I'd suggest reading: Porter's Competitive Strategy (dry, but very very good)Buffett's Letters to Shareholders (witty and very insightful) The Innovator's Dilemma.
这se are all cliches, but they call them classics for a reason.
Silver Banana for the excellent personal advice given to me. Thanks a ton!
CFAin Management Consulting(Originally Posted: 09/15/2011)
Hey Guys, Currently got a job as a 1st year analyst at a big4 firm, and am trying to find non-MBA methods of enhancing my CV (5 years of B-School is enough for me). IsCFArespected in the consulting field? would it be enough to bump up to a top-tier firm, if coupled with some decent projects? I understand it has a pretty low pass rate (around 40%?) but i am assuming that is because people do it while working full time - has anyone completed it and have anything to say on the matter?
Post a decent response and you will be greatly rewarded!
Do you have any idea what theCFAtests? If not then you should look into it then realize it's not related to MC at all
如Shortworld所述...CFAdesignation has nothing to do with and will do nothing for your potential career in MC... this is theCFAprogram described in a very shortten manner...
I级别研究计划强调工具和投入，包括资产评估，财务报告和分析的简介以及投资组合管理techniques.
这Level II study program emphasizes asset valuation, and includes applications of the tools and inputs (including economics, financial reporting and analysis, and quantitative methods) in asset valuation.
这Level III study program emphasizes portfolio management, and includes strategies for applying the tools, inputs, and asset valuation models in managing equity, fixed income, and derivative investments for individuals and institutions.
no MECE, no Decision mapping, no NPV, none of the stuff you need to get intoMBB
哇，没有NPV分析CFA???? really?????
。
CFAis designated towards the Investment Management (Buyside) where you'll be a stock-picker more-or-less. Having aCFAfor consulting is utterly useless, Although business school doesn't sound like the right way, it is a definitive way to jump into consulting.
Relevance ofCFA在咨询中(Originally Posted: 08/27/2009)
Fellow Monkeys, After about 9 months in Commercial Banking, I'm about to begin my career in consulting, a full time role inKPMGBusiness Performance Services in Lagos, The commercial capital of my country, Nigeria. Im curious about two things however, Kindly clarify.
（1）我在CFAwebsite that theCFAqualification is also useful in consulting firms...I was just really wondering; In what division of a consulting firm would theCFAbe valuable...Im guessing its the Private Equity orcorporate financePractice but I just want to be sure...
（2）我在一天的一家高级咨询公司的私募股权实践中被融为一体McKinseyor Bain and Company and in the long run moving on to a Private Equity firm...To achieve this, I intend to pursue a topMBAin the U.S...Will theCFAalso be a valid qualification given my ambitions?
By consulting, they mean "investment consulting." This is very different than the strategy or operations consulting practices ofMcKinsey/BCG。
YourKPMG听起来像一个操作的角色。这些东西会l not qualify for theCFA。
CFAis not that important forPE。It is useless for strategy consulting with the brand name consulting firms
CFA为MBBManagement Consultant(Originally Posted: 04/08/2012)
Hi, I'm a 1st year associate at one of the MBBs (Europan office). I don't have anMBA（我直接从分析师过渡到联合），并且具有工程背景。
去年，我一直在努力找到一份私募股权的工作，尽管我真的很接近它（接受了3兆芬的采访，并且总是进入最后一轮），但我并没有得到报价。
I'm just wondering if taking theCFA1级might help in the future both forPEor for other finance related positions. Remember: I don't have anMBAand have an engineering background.
Thanks!
It will not. Don't do it to yourself, it's not fun and your time is better spent networking.
Oreos - that is the best thing about readingWSO, I too was looking at doing aCFA正如您指出的那样，传统的智慧是在做其他事情的努力和花费这一努力。
I should caveat by saying that L1 will do nothing, but the full charter will make a difference; however, it's a big commitment. I'm revising at the moment and it sucks and can say that when I passed L1 my career prospects went no where, it was a nice conversation point but did nothing other than that.
我之所以这样做的唯一原因是因为我有机会由我的公司付钱，而且我有时间（好工作时间）。如果您已经在努力工作（例如，在晚上8:00晚上完成任何事情），请为自己节省麻烦，然后和去学校的医学博士去喝咖啡。
EDIT: I just thought I'd procrastinate by augmenting my post. I think the CFAI have a great product going, from a business prospective. People see it as a well regarded, rigorous program which they can complete without forgoing earnings like full time school and which is assumed to lead to career progression. The buy-side like their employees having certifications because when raising/managing funds letters after names and prestigious institutions are well received. So demand is very high (just attend an exam to see how many people there are), without having to actually do anything or being truely accoutable for the quality of education.
But when it comes down to it most, if not all, concepts which are of any real value would be learned within the first 3 months of anyFTjob; without having to cram useless concepts, spending agonizing amounts of time and effort in revising and with no need to pay the CFAI for the pleasure.
Don't do it. TheCFAis not helpful for the jobs it was intended for (AM /ER/HF) and is actually less than worthless for PE after you factor in the massive opportunity cost. The whole program is kind of a sham. Source: I am a charterholder. The best way to get into PE is to learn how PE works, network, and kill the interviews.CFAis nothing but a path to pain and disappointment.
由于您已经去过Megafund职位的最后一轮，因此您应该尝试了解这些访谈中出了什么问题
Thank you for all your valuable insight. Not sure what went wrong during the interviews,PErecruiting in the UK is just so competitive.
For the last fund I interviewed with I got the bad news directly from one of the interviewers (not from the headhunting company) and he just could't find a single thing that went wrong. He just said that the pool of candidates was very competitive.
这fact that I don't come from anIBbackground and that I don't speak any really valuable EU language (I'm an Italian native speaker) is kind of a disadvantage for me.
Value ofCFA在咨询中(Originally Posted: 01/03/2013)
I know that the majority ofCFAsin consulting work within credit risk. However, has anyone or know anyone the other possible lines whereCFAsprovide value in the consulting world?
I think it is more relevant for business consulting, because after all the research skill set is transferrable. I'm preparing for L2 right now, and I find it useful for industry analysis and firm valuations.
I would like at it this way...
Financial consulting:CFA出于明显的原因很有帮助
经济咨询：（a）证券诉讼，例如Nera，CFAis helpful because you can apply your knowledge of securities valuation to the work these consultants do and in the industry it is an importation qualification for these consultants since their bread and butter is to speak as experts before arbitration panels and judges. (b) in certain types of consulting that requires regulatory analysis, e.g. power markets consulting atCharles RiverAssociates,CFAis helpful because consultants who are sometimes asked to provide real asset valuation given their expertise in the field (this kind of overlapsmanagement consulting- 下一个）。
Management consulting: hard to say, but I agree with above that industry analysis and valuation (you learn a lot of this inCFAL2) will help. I would like to hear what others who are in this field have to say about that.
Also, kind of outside of the question but still worth thinking about: if your ultimate goal is to move from consulting to investment management or research, especially in traditional/conservative investment management or research and you have the time, thenCFAmay help to you transition from consulting to investment management
C
CFAin consulting - worth it?(Originally Posted: 12/05/2014)
Is it worth pursuing aCFA在咨询时？我公司的校友工作委员会似乎有很多职位可以接受CFA代替MBA。How would aCFAeffect exit ops?
Exit opps to what? Other咨询jobs? 2nd/3rd tier shops likeAccentureloveCFAs据我了解，不确定MBB。
No, exit ops outside consulting (sorry, should have been more clear). LikePE,HF， ETC。
Mid-tier consulting -> buyside is going to be very hard with either.MBAmight be more helpful forPE/VC;CFAforHF/AM。BUT it can't hurt (other than losing 1000hrs).
I don't think it matters much within consulting. For exit opps, depends what you want to do. I know I guy that leftMBBforPE与CFA, not sure when he got it though.
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