article thumbnail

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.

CFA 59
article thumbnail

The Path to Success: How to Become an Investment Banker

OfficeHours

If you would like a leg up in the recruiting process, consider pursuing courses that focus on finance, accounting, statistics, mathematics, engineering, and economics. MBA programs have recruiting events with all types and sizes of investment banks. Maybe even more important than your major is your GPA.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Recruiting and Interviews at Single-Manager Hedge Funds Most hedge fund recruiting is “off-cycle,” and that’s even truer at single-manager funds.

Funds 59
article thumbnail

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.”

Funds 104
article thumbnail

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

Mergers and Inquisitions

Recruiting is straightforward and much less competitive / time-sensitive than IB roles; you can get in coming from a solid-but-not-top-tier university with decent grades and good accounting knowledge. Recruiting: How to Win Corporate Finance Jobs Corporate finance jobs are much less competitive than investment banking jobs.

article thumbnail

Investment Banking Spring Weeks: The Full Guide

Mergers and Inquisitions

Unfortunately, it’s not quite that simple – due to massive competition, a fairly involved recruiting process, and low conversion rates at many banks. Expectations for technical skills and work experience are lower, but the process is more random than normal internship recruiting and depends on fit, grades, and activities.

article thumbnail

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

OfficeHours

Note that these tests are different from other ones you may have heard about like the Chartered Financial Analyst (CFA) exams, which are offered by the CFA Institute. Are you focused on recruiting in 2023? Where can I learn more about these exams?