|Topic||Switch to Finance|
|Hi, I am an attorney practising for about three years and have been focusing on public finance (fixed income) and financial transactions (conventional lending). I would like to work on the business and finance side - I would like to work for an investment bank or a hedge fund. I wonder if having a CFA would brighten my prospects and/or facilitate the switch to finance. Any insights would be appreciated. Thanks.|
|Unless you've made contacts who can get you a job when you're done with the exams, I'd say don't bother.
(i) you need several years' relevant experience to get the CFA designation, in addition to passing the exam
(ii) at worst, a lawyer chases ambulances and still makes 6 figures. At worst, a CFA charterholder is a back office monkey (BOM) and earns $35k.
what might be a good package would be combine your lawyering with CFA training and become a securities lawyer. No interest in that?
You got one thing very correct. If you want to make a move, you need to network and network hard. The CFA will help and show desire, but making contacts is what it's all about. What a pain in the ass!
|I was a so called "Back Office Monhttp://analystnotes.com/pkuiowa/message_list.php?start=0key" once, and I made $120,000 annually. I am now in equity research after passing Level 1. You can make the move if you network and have some intelligence. It works if you try. Don't listen to these fools.|
|ya other option if u like is 2 hv n MBA ist while doing law job then u can apply 2 those invst reltd jobs nd of course after gttg into field cfa at the end ezly while havg more knowledge abt the profession nd basic acc nd fin know how|