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The CFA for Investment Banking: Do the New Changes Make It Worthwhile?

Mergers and Inquisitions

I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. I first criticized the CFA in a 2009 article , which generated a lot of angry comments. But earlier in 2023, the CFA Institute announced the biggest changes to the program since it started.

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The Path to Success: How to Become an Investment Banker

OfficeHours

Investment banking is one of the most sought-after careers in the finance world. Investment banking is highly desirable due to its potential for high lifetime earnings, its interesting and impactful work, and it serves as a springboard for a career in finance. Maybe even more important than your major is your GPA.

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07-11-2023 Newsletter: Diversity Events at Megafunds Have Started…

OfficeHours

Written by a Top OfficeHours Female Coach When I first started my job in investment banking, I knew the first month or so would be training before I actually hit the desk and started working with my team. The Series exams refer to a variety of licensing exams that are commonly associated with investment banking and related fields.

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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options

Mergers and Inquisitions

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. not banks or investment firms).

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Multi-Manager Hedge Funds: A Meritocratic Paradise or a Revolving Door of Burnout?

Mergers and Inquisitions

Recruiting at Multi-Manager Hedge Funds Traditionally, most hedge fund recruiting has been “off-cycle,” but some larger multi-manager funds now use a structured recruiting process with headhunters and modeling tests. (We Many funds, such as Point72, now recruit undergraduates directly via programs like the “Point72 Academy.”

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Single-Manager Hedge Funds: The Best Way to Get a Recurring Guest Spot on CNBC?

Mergers and Inquisitions

This setup creates many differences with multi-manager (MM) hedge funds , from investment styles to recruiting and careers. So, if you go by the size and separate teams , the larger funds here are more like MM funds, but if you go by investment style , they’re more like SM funds.

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Fixed Income Research: The Overlooked Younger Brother of Equity Research?

Mergers and Inquisitions

But a few other reasons also explain why fixed income often gets overlooked: the unstructured recruiting process, fewer job openings, and the “cushiness” of senior-level roles. An Example Fixed Income Research Report Recruiting: Who Gets into Fixed Income Research? power & utilities , FIG , or industrials ).