AuthorTopic: CFA Program - Resume Builder?
@2018-09-12 19:08:08

I am a junior double majoring in Information Systems and Business Administration at Carnegie Mellon. I interned at Morgan Stanley last summer in their Investment Management division. I would like to move towards a career in I-Banking or Sales/Trading.

The problems are that my primary major is Information Systems, and that I go to Carnegie Mellon. Thus, most recruiters only want to talk to me about opportunities in their IT department. I don't want to do IT. Nevertheless, I am interning in Lehman's IT division this summer, mainly because I want to see what the industry is like. Still, I'm pretty sure that this summer will not change my preference for finance. Next year, I can tell recruiters, "Well I have internships in both the IT and Finance field, and I have decided that I want to do Finance because it is my strength, and I enjoyed it more" Still, I could probably say that come fall, the recruiters would want me for IT, and not finance.

I have been told that a CPA is only useful for Asset Management, and not other fields in the finance industry. My question is that would having a CPA Level I designation on my resume convince recruiters that I am actually serious about doing finance, and that I don't want to do IT, or would it be useless to me?

@2018-10-15 03:55:33
u should just tell them wutever u wanna do. but level one would sure show some committment tho. u shouldn't intern in IT if that's not wut u wanna do. it's stupid to do it just to be able to say that u don't like it. cfa wouldn't help much for ibanking. it's good for research based positions and maybe for positions on the trading floors.

did u intern for morgan at the ny head quarter or it's like a internship at a brokerage branch?

they prolly only want u for IT cuz those firms usually want ivy league grads in their ibanking and trading. if u have to do ibanking i'd suggest u try hsbc, thomas weisel, and legg mason.

btw u keep on sayin cpa, i assume it's a typo? this is a cfa forum. cpa is for audit firms like the big 4s.
@2018-10-25 17:53:03
I can't help you, but I have been employed for the last 20 years in IT (BSc +MSc+PhD all IT, plus MBA), yet my interest has always been finance (currently a CMT).

It is very difficult to break away from your area of formal education. I t was always difficult to convince others that I am actually a finance person. Right now I am mainly thinking of going solo and starting my own business... a hedge fund, consulting service.. not sure.

Furthermore, those who would hire me for finance woudn't probably pay half as much as I am getting right now in IT!

Moral of the story: make sure you fork into your main area of interest early on.
@2019-03-03 10:04:31
It seems to me that doing the CFA is my only way to get into the industry: I have been working as a software engineer for the past 8 years and am sick of it now. Doing a full-time MBA is not an option for me as I have a family to support. So the question is: what else if I don't do my CFA?!

CFA Discussion Topic: CFA Program - Resume Builder?

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu