What is a better option between a CFA or an MBA if I want to enter into Investment Banking?
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1 Answer
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For Investment Banking an MBA from a top school is better for getting in because it teaches students broad business skills and strong networking while CFA gives deeper and technical financial analysis skills.
Think of MBA as a business toolkit with great connections and CFA as specialized financial expertise that makes you a technical pro in finance.
You can have a look at the table given below for better clarity -
CFA MBA Focus on technical skills in investment analysis, portfolio management and financial markets. Needs good business knowledge, leadership skills and strategic thinking.Entry level analyst roles like equity research, credit analysis or portfolio management. Broader range of roles including investment banking, private equity, venture capital or corporate finance.Salary can reach high levels in specialised roles potentially higher in asset management. Salary starts high but can reach even greater heights in leadership positions.Self paced study with 3 exams over 1-2 years 2 years full time program, high tuition fees, potential scholarships.
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