| Topic Name: |
Investment Management |
| Message Name: |
In that case |
| Date Posted: |
03/22/2002 |
| In Reply To: |
You raise very good points, gentlemen, about the usefulness of the CFP when I become an investment manager.
Basically, I wanted the CFP prior to the MBA and CFA for a couple of reasons:
1.) I wanted to get promoted at the position I am going to be holding through graduate school. If I get my CFP, my salary will roughly double at the firm, and I will move into a more independent role. In a nutshell, this means I will become reponsible for co-managing $80 million in client assets. I figured this would look very good on a resume, and give me invaluable asset management experience.
2.) I have very little financial analysis training, besides what I learned on the job. I figured the CFP would be a good introduction to basic analysis, while the more general components of the coursework would be useful for my own personal knowledge. Basically, I would be taking the CFP courses to make up for my lack of a financial degree.
3.) Due to my lack of financial training, I think the MBA and/or CFA would absolutely bury me.
Thanks for your input folks, and keep it coming!
Morgannon |
| Message: |
These things shouldn't be mutually exclusive, get both.
I understand most undergraduates get the CFP while they're in school. That leads me to think it's a one-test deal that shouldn't be any harder than CFA Level I. So do both at once.
But I really don't think the CFA will bury you. Finance is not difficult.
CFA has the following sections: Ethics, Economics, Portfolio Management, Financial Statement Analysis, and Asset Valuation.
You will cover a lot of that anyhow in CFP I'm sure.
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