From what I’ve heard, CFA is primarily required for Portfolio Management and to a lesser extent in securities valuation. But does the program have any relevance/demand in Corporate Finance division?
If you want to be in Corporate Finance, I’d personally stick with one of the accounting designations. Specifically, CPA or CMA (to a lesser extent). ASA is also good for valuation.
I don’t know if many people in corporate finance know what the CFA is.
Only a handfull of jobs in Corporate Finance requires CFA, if you work in the Treasury department and manage debt, raise capital, hedge, manage pension, then i guess it’s very much CFA related, but everything else - no!
NANA HACHIKO…. is right!
I work in corporate finance (“AKA capital markets”) and everyone in my team is a CFA charterholder or L2 or L3. We do M&A, JVs, manage 16B refi’s and a 3B derivative portfolio…. we do eva analysis… etc..
especially when you need to value an asset!
FSA comes in handy when we look at cross border JVs and the entities financial statemens are in IFRS… also JV accouting…
the CFA is perfect for my role……..but a lot of these skills you learn when working at an IB or VC…. which is where most of us come from.
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