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re: CFA or MBA

Posted on 7/11/18 at 10:35 pm to
Posted by AUCE05
Member since Dec 2009
45421 posts
Posted on 7/11/18 at 10:35 pm to
Of course, but that wasn't my point. Guy advised OP to get a top 25 MBA. I called that nonsense. He mad. I was simply using those schools as an example of how little value Emory (a top 25 MBA) would have in those areas.
Posted by 14&Counting
Dallas, TX
Member since Jul 2012
42407 posts
Posted on 7/11/18 at 10:36 pm to
quote:

If you had to choose which to go for, which one would you choose.


CFA i/m/o but it is for more specialized finance jobs. That said, if you have no business training...i.e. academic background, it would be very difficult to pass all three levels of the CFA.

It largely depends on what you want to do. Some jobs you must have the CFA designation. Frankly I would try and pursue a parallel process if you can. You will be loaded for bear in the job market.

Edit: and these posters who are shitting on an MBA from any top 25 school are fricking idiots who have no idea what they are talking about....an MBA from any school will always help you and not hurt you.
This post was edited on 7/11/18 at 10:40 pm
Posted by Louie T
Member since Dec 2006
36753 posts
Posted on 7/11/18 at 10:39 pm to
I really don't have any reason to be mad.

I'm just not sure if you're trying to argue semantics or obtuse.
Posted by lsu xman
Member since Oct 2006
17015 posts
Posted on 7/11/18 at 10:44 pm to
I would skip a MBA from UNO or Univ of Phoenix.
Posted by athenslife101
Member since Feb 2013
20645 posts
Posted on 7/11/18 at 10:44 pm to
I have a close relative who is doing one of the largest M&As in real estate right now and they had a sub 3.0 for a non STEM bachelors degree from a good school and no advanced degree. If they can get into that with that background, I don't really feel like these jobs are too out of the realm for bright candidates with some experience

I interviewed with them and I'm on their list of "potentials". This relative told me pretty much though that I did well on my interviews but they're primarily looking at advanced certifications, advanced degrees, or have first hand knowledge of the companies they'll be working with.

Hence, one reason why I'm looking at adding more prestige to my resume.

P.S. the smaller companies are probably better for most jobs. They don't have to answer to shareholders and can pay employees a lot more, have better tech, and I'm a recent article, where outperforming their larger competitors
Posted by Louie T
Member since Dec 2006
36753 posts
Posted on 7/11/18 at 10:48 pm to
quote:

I have a close relative who is doing one of the largest M&As in real estate right now and they had a sub 3.0 for a non STEM bachelors degree from a good school and no advanced degree. If they can get into that with that background, I don't really feel like these jobs are too out of the realm for bright candidates with some experience

I interviewed with them and I'm on their list of "potentials". This relative told me pretty much though that I did well on my interviews but they're primarily looking at advanced certifications, advanced degrees, or have first hand knowledge of the companies they'll be working with.
Those are fairly contradictory. There are exceptions, but those with impressive schooling have a much easier time getting in than those that don't for ultra competitive high finance positions.
quote:

P.S. the smaller companies are probably better for most jobs. They don't have to answer to shareholders and can pay employees a lot more, have better tech, and I'm a recent article, where outperforming their larger competitors
Might make for a more enjoyable job & work-life balance, but it won't look as good on a resume.
Posted by 14&Counting
Dallas, TX
Member since Jul 2012
42407 posts
Posted on 7/11/18 at 10:52 pm to
Honestly, I would do the the MBA and at least knock out Level I and II CFA tests while you are in school. Get that great entry level job that will give you experience and then focus on finalizing the CFA. Just know that any real deal IB job you will be putting 80 to 100 hours per week as an analyst. So you might want to think about what you want out of that first job and how much time left you will have to spare.

Level III is an absolute bitch of a test and I know quite a few charter holders that didn't pass it the first time.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
68242 posts
Posted on 7/11/18 at 10:54 pm to
quote:

close relative who is doing one of the largest M&As in real estate right now and they had a sub 3.0 for a non STEM bachelors degree from a good school and no advanced degree


quote:

This relative told me pretty much though that I did well on my interviews but they're primarily looking at advanced certifications, advanced degrees,


Posted by Bruco
Charlotte, NC
Member since Aug 2016
3033 posts
Posted on 7/11/18 at 10:57 pm to
quote:

Those are fairly contradictory. There are exceptions, but those with impressive schooling have a much easier time getting in than those that don't for ultra competitive high finance positions.


Truth. I have the worst education in my whole group, but I had to grind my arse off to finally get into leveraged finance, with my bachelors from a small directional state school.

It was a hell of lot easier for the guys in my group to get in the door with their MBAs from Duke, UNC, and Vandy.
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 7/11/18 at 10:59 pm to
quote:

Who do you work for


Not saying, too much info

quote:

do you serve strategic clients or financial sponsors (private equity)?


Both

quote:

What kind of diligence do you provide?


Operational with some financial

quote:

Are you on the buy side or sell side?




Buy
Posted by 14&Counting
Dallas, TX
Member since Jul 2012
42407 posts
Posted on 7/11/18 at 10:59 pm to
quote:

Truth. I have the worst education in my whole group, but I had to grind my arse off to finally get into leveraged finance, with my bachelors from a small directional state school.


Once you get in, no fricks are given about your degree as along as you work your arse off and deliver results.....no academic snobbery will matter.
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 7/11/18 at 11:00 pm to
quote:

I am in energy baw. We should do lunch.



What do you do? You in houston?
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 7/11/18 at 11:03 pm to
quote:

bless you.


I questioned my own sanity.
Posted by ellishughtiger
70118
Member since Jul 2004
21182 posts
Posted on 7/11/18 at 11:08 pm to
Did your employer pay for you to get your MBA?
Posted by Bruco
Charlotte, NC
Member since Aug 2016
3033 posts
Posted on 7/11/18 at 11:11 pm to
quote:

Once you get in, no fricks are given about your degree as along as you work your arse off and deliver results.....no academic snobbery will matter.


That is true, but those guys got to come out of B school into an IB analyst gig.

I got to start as a damn business banking credit analyst doing nothing but Moody’s financial spreads for freaking car washes and C stores for a couple years for like 12 bucks an hour. Lol.
Posted by 14&Counting
Dallas, TX
Member since Jul 2012
42407 posts
Posted on 7/11/18 at 11:13 pm to
quote:

I got to start as a damn business banking credit analyst doing nothing but Moody’s financial spreads for freaking car washes and C stores for a couple years for like 12 bucks an hour. Lol.


No I hear ya......you gotta grind and be aggressive if you don't have the marquee degree. That said, I know a lot of guys with your background who are very successful who did just that......
Posted by AUCE05
Member since Dec 2009
45421 posts
Posted on 7/11/18 at 11:21 pm to
South east.

MS, AL, GA, and FL. Manage capital assets. CCs. A S H p o n d s, etc.
This post was edited on 7/11/18 at 11:23 pm
Posted by Winston Cup
Dallas Cowboys Fan
Member since May 2016
66985 posts
Posted on 7/11/18 at 11:27 pm to
Ask the money board during working hours retard
Posted by Sun God
Member since Jul 2009
52875 posts
Posted on 7/11/18 at 11:52 pm to
quote:

Being smart and being good at stuff is more important than getting the CFA or MBA.

Then why did you get an MBA?
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8719 posts
Posted on 7/12/18 at 12:32 am to
quote:

There is no data to back your claim. You are better served to research the major alumni groups for your area, and utilize those universities.


He is correct for strategy consulting. Region really doesn't matter at all, and the big firms recruit to the school, not the region.

You'd have a better chance at getting a strat consulting gig in Houston or Dallas coming from Duke or Emory than you would from TAMU. It's the way those places recruit.
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