Where is CFA's employment direction in finance?

Jasmine, a 985-year undergraduate with an Ivy League master's degree, worked on Wall Street after graduation. After several years, she chose to return to China. Now she is a financial headhunter, responsible for hedge funds, IB, Portfolio Manager, Quant, Trader and other positions, and has a deep knowledge of the details and news of the financial industry.

Jasmine has contacted many full-time financial workers, career changers and students. According to the data asked, many people want to go to higher-end financial companies such as investment banks, hedge funds and private equity funds through CFA. However, although these people are very interested in investment banks and other institutions, they have heard that the better financial institutions are, the more they like well-educated prestigious students, and even some investment banks only recruit students from certain schools, which makes them very headache.

according to Jasmine's observation, what IBD is engaged in, IPO/m&; A There are not too many requirements. Many operations are groped out from work, and it is impossible to learn through reading. Some operations are tedious and boring, such as IPO. Doing a few more cases will form your own style, and it is very important to feel more about the work of investment banks.

That's why investment banks only look at prestigious schools, because they need people who are smart, have a good business sense and are willing to work hard. These requirements are clear, but it is almost impossible to see them from the resume. Everyone can say that they are smart, capable, hardworking and responsible in cover letter, so it is necessary to have an interview, and they can judge what this person looks like, and generally good financial institutions will have several interviews.

The interview takes a lot of time and experience. It is an effective screening to look at the experience of famous schools. After all, people who can get into famous schools are generally not much worse.

If your goal is investment bank Front Office, these positions spell not knowledge, but brands. Therefore, it is very important to add a CFA title to a prestigious school experience. People think that you have a good background and are CFA holders, which is very powerful. Jasmine has personal experience. hiring manager of an investment bank wants to find her a junior trader assistant, and then added, it doesn't matter if a CFA candidate doesn't have a certificate.

headhunters are generally in higher positions, and it is common to have a level above VP.

there are basically two directions in the financial services industry: the first is IBD/Sales, grabbing deal and making connections. The second is to take the technical route, design products, model and so on.

IPO/M& It's almost the same for any investment bank to do A business. Why are people willing to give it to you instead of others? This is the network, and it is also the advantage of the signboard. Either the company brand rings or its own brand rings. At this time, the title of academic qualifications and chartered financial analysts will be particularly useful. The CFA certificate is in your hand, and the role of going to PE/VC will not be less. After all, CFA Association has made a judgment with a set of international standards, and this is a talent.

If you want to take the technical route, model and design financial products, and be an analyst, the school is not that important. Being able to do things is the last word, which is why a violinist can also become an investment bank associate. Investment banks and fund companies basically want people who can do things, no matter what school you graduated from. Employment in science and engineering will be easier than financial background, because the financial industry is short of programmers now. If you want to do Quant, pricing and Model, you basically only need people with technical background and more than 5 years of work experience. The premise is that there is a little financial foundation, and no company is willing to train you from scratch, which is why CFA will attract HR attention.

Please don't get too entangled in the salary of CFA holders. VP's basic salary will not exceed 2,. The legendary 5, and millions are people with work experience. On the contrary, there may be more bonus, but it's hard to say about bonus. Bonuses always change with the market, and when the year is good, there will be more bonuses.

if it's fresh graduate of finance and has no work experience, what role can CFA play? According to the requirements of the association, college students can only pass CFA Level 1 exam at most when they graduate, which is enough for college students. Investment banks and other financial institutions can see that you are really interested in the financial industry and spend time and energy to learn more financial knowledge, instead of coming to the investment bank for an interview when your head is hot.

In addition, CFA tells them that your knowledge can help you find a job status quickly, even if you have no work experience, and it has been an investment bank's business to train new people from scratch in the last century.

It's 35. Is it too late to study CFA? Of course not. The application for CFA certificate itself requires work experience, and it is simply a * * choice to switch to the financial industry and study CFA. If you have work experience, CFA level 1 is not enough, and you can have a better influence if you pass level 2.

Today, the degree competition is not very effective. There are a lot of overseas returnees and masters, and there are often many people competing for a position in investment banks, and they all come from the same school. If one of them has the aura of CFA, how to choose is much easier.