I have been working in investor relations for about 7 years (6 in Private equity and 1 in FTSE 250 listed company). I have held executive/associate roles, so more on the admin side than actually influencing investment decisions. I passed CFA level I in June 15 and have been interviewing for new jobs since then. I’m finding it hard to get a permanent IR role and have been offered an RFP role with an asset management firm on a fixed term contract. Would RFP work count as relevant work experience? Could it lead to something that would? Would investor relations count, and would I be better waiting and trying to get a permanent role in that instead? I don’t know what to do and really need some advice. Thanks
I am not an authoritative source, just chipping in: RFP roles should qualify in my opinion. As for your exec/admin IR role, it’ll also depend on how you break down your responsibilities and how they influence, or help others influence investment decisions. If you’re producing a report, providing information, etc, that helps an investment manager, that counts.
On a personal level, I would not pass up on a good role in hopes of an uncertain ‘better work-experience-qualifying’ CFA role in the future. The cost-benefit is just not worth it for me. 🙂
Just my 2 cents!
I would have the same type of question. I have been working for a few years (3+) as a tax advisor in a big four / law firm environment mainly for real estate, private equity and pension funds. Day-to-day work include producing tax memorandums, structuring calls etc. The final investment route often relies on tax considerations but it is not as such advice on the investment itself I guess.
Would this type of professional activity considered as qualifying CFA work experience?
Thanks a lot for your answer. To be honest, I think that I will try taking level 1 in any case as I would like to improve my overall knowledge in finance and my interest on the field is very high. Depending on the outcome I will then decide to continue with the other levels (or level 1 again) or consider that its enough for my purposes…
As regards the (very useful) questionnaire, I answered yes to the following questions:
- Do you determine capital structure and funding needs through equity, debt, and alternative investments […].
- Do you conduct asset allocation analysis or apply investment knowledge to develop, analyze, and/or explain investment policy statements or strategies designed to achieve investor goals as part of the overall investment process?
- Are you engaged in investment/financial advising or planning for corporations, institutions, or individuals (other than yourself or your family)?
Do you spend a majority of your time overseeing legal/regulatory compliance matters, performing due diligence, and/or ensuring that investment firms adhere to applicable laws, regulations, and professional standards of practice?
It seems that my work experience is very likely to qualify as relevant.
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