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 How many Top School MBA's out here pursuing CFA Charter 
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Key difference that I think will be more relevant in the future: an MBA requires no ethics or loyalty to anyone but yourself. Once you get your MBA, you are free to wreak havoc with your newfound crown and walk away when the dust settles. Witness Kyle Bass who bet against a lot of new MBAs on the MBS and made a ton of money. As a CFA, you can have your charter revoked, much as a doctor or lawyer. You mess up or screw your clients over, and you dont get to have that chance anymore. The SEC has proven to be about as impotent a regulatory body as there can be, so I think CFAI will play a bigger role in the future. And like that Harvard MBA ethics oath, NO ONE WOULD SIGN IT!


18 Mar 2013
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Anyone have luck getting into a top MBA program passing a few CFA levels? Did it help in the application process at all?


18 Mar 2013
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CFAMetal
——————————————————-
Anyone have luck getting into a top MBA program
passing a few CFA levels? Did it help in the
application process at all?
Yes, I’m curious as well.


18 Mar 2013
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Heard from two individuals it does. One went to Columbia and said having CFA can compensate for lower GMAT score (he only passed L1, and was speaking hypothetically). Another guy got into top international MBA in spain ESADE? I beilieve and he had 600 GMAT and had CFA, got in with no problems. My profs. at school also indicated that CFA would help to get into top school.
Will you get in just cuz you have CFA no. Will it help? certaintly. You just might need to present what you got out of it (I’m not talking SML or Pension Liability). However, this all can be biased as having CFA might have correlation with other traits that help to get into top B-School.
Lastly, if there are people from top MBA finding it useful to get CFA, it must be somewhat valuable if you have one going into school.


18 Mar 2013
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A top 25 Finance professor I know tells all his students they must get their CFA after their MBA if they want to be in this industry.


18 Mar 2013
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I went to HBS and am pursuing the CFA for a couple reasons.
1) Might as well finish (quote from my boss)
2) More knowledge/education never hurts.
3) You actually DO learn some valuable concepts with the CFA (despite the fact you forget them 2 minutes after the test), and complements MBA curriculum with more hardcore finance concepts (yes, Bschool is not where you go to learn finance).
4) Shows dedication to self-improvement
5) Highly respected in the investment management business - and that includes many industries be it PE, HF, mutual funds, institutional inv mgmt, wealth management, financial planning, etc.


18 Mar 2013
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Thanks, sunnyrollen, I just wanted to tread lightly since he asked for a specific subset. Best of luck if you go to Darden - it was a great time and I learned a lot.
For all of those people who are doing the CFA (or parts) before business school, I think that is a great idea. I am sure it helps some with admissions. Also, the work in some classes will come easily to you which means: less time studying, more time recruiting, ability to take harder/more interesting classes, better participation and group work, etc.


18 Mar 2013
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Sorry - didn’t see the ‘5-8” part - just though you meant top tier…


18 Mar 2013
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BS.
If u got a top MBA, who cares if you have a CFA.
u can work in the top IB or MCs with the top MBA. but u can’t go in there with however number of CFA titles.
and ask around, how many investment bankers have CFA? they call it a waste of time and useless. u rather spend that insane amount of time networking in a bar.


18 Mar 2013
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Sunnyrollen,
I don’t trade (for a job). I do securities valuation. For Risk Management, more quantitative backgrounds are what impress. Also there are different credentials for that. As for trading, its very hard to get hired into trading department. I think in the program I went to, only a handful are in trading roles.
If you pass the three CFA exams prior to B-school, then you will probably get shortlisted more all things being equal. Of course, if you have the charter, thats much better, but then you have to have the requisite work experience.
I do know that just because you go to a top MBA school doesn’t mean you know finance very well. It depends on your specialization and I don’t think you’ll cover quant and deriv’s as much in depth.
Investment Bankers don’t need / desire CFA’s because it’s just a different skill set. CFA is more geared for either investment management (i.e. Pensions, PWM) or equity research. (I’m not trying to step on any toes, maybe I left something out).


18 Mar 2013
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