So, is CFA good for investment banks?
The market value and importance of CFA are obvious, but we don't agree with the myth of CFA. CFA does not guarantee that you can work in an investment bank. If you study finance yourself, a CFA is the icing on the cake. If you come from a non-financial background, CFA not only shows that you are interested in finance, but also means that you have a systematic study of finance and a comprehensive understanding of financial knowledge. CFA is a professional certificate, but the scope of investment banking is wider. Not all positions require CFA holders. If you want CFA to help you get into the investment bank, you must figure out where you are going.
What kind of positions do investment banks need CFA?
Some jobs in investment banks do not require financial analysis, such as asset management, so this position has no special requirements for CFA. CFA is a valuable certificate in the research department of investment banks. Most investment banks go to work on time, get off work on time, analyze the company's business and data, modify the financial model, and have a chat with traders. Of course, it is not that CFA is worthless in the asset management industry.
What kind of people entered the investment bank?
Well educated
Investment banks like highly educated talents, but which industry doesn't like highly educated talents? Investment banks especially like highly educated people.
High connection
Investment banks pay special attention to personal connections. If you have an average education, but good family relationships or you are a princeling, the investment bank will also throw an olive branch to you.
competent
No education, no connections, eating by ability. No industry will ignore the importance of talents, especially the financial industry. The role of CFA in investment banks is obvious. Some college friends around Bian Xiao received interview invitations from investment banks after taking CFA Level 1 exams.
Why do you want to join the investment bank?
An alarmingly high salary.
Domestic investment banks can generally get a salary of 6.5438+0.5 million. If it is a good foreign investment bank, it is not impossible to give 6.5438+0 million. Adhere to two years, have experience, have CFA certificate, enter VPlevel, and earn millions of dollars a year.
Frontier welfare
Take the investment banking department in Shanghai as an example, how much is the meal, full reimbursement for business trips, business class, sometimes first class, and endless subsidies.
Exercise people's environment
What industry has more direct contact with the top 500 in China or the top 500 in the world than investment banks? Working in an investment bank, I face very large companies such as PetroChina, Lenovo, IBM and Coca-Cola every day. Sit down and have dinner with the executives of these companies. These experiences are the capital to accumulate life. Even if I leave the investment bank, I am welcome to go anywhere.
So don't blindly follow others. You envy others when they get high salaries in investment banks. As a result, people are happy with a million-year salary, and you are worried about what to do if you have no money for rent next month with a basic salary. We have always only seen the glory of the high-level and neglected the backbone of the grassroots. Therefore, getting rid of the grassroots identity and rejuvenating yourself is what you should do before you plan to enter the investment bank.