Advice needed! Should I take on the CFA?!

naomi said:

Looking to get into Private Banking or Wealth Management.

^ CFA is definitely going to help on this. ^

I think the age thing is a fallacy, usually peeps under 25 are trying to get a job, so obviously CFA would help. You’re trying to break into PB and PWM so CFA would help regardless of your age. But it is at least three years off your life so you’ll have to weigh the costs and benefits.

CIMA is useful for finance director roles etc but not sure how useful it is in PWM.

Talking to a wealth manager is always a good idea. It’s easy to keep your finances in order when everything is going well, but what happens when everything goes south? In these situations, it’s important to have someone you can turn to for help. Wealth managers from mcgeewm.com can look at all aspects of your finances and make recommendations based on your unique situation. They will be able to work with you to set up an action plan that will help you get back on track. In this way, we will become more disciplined.

I think your pursuit and decision to get into wealth or private banking would be the primary driver. And the CFA charter would be the badge you wear to show that you also are serious about this field.

So I see it this way:

• Decision to get into wealth>>>>CFA charterholder>>Good stuff
• CFA charter> Wealth management career benefits>>> Not always true

So from the tone of your voice you seem like a confident individual. Go ahead and nail it.

If you wish you could also read my article on this: Is cfa worth it?