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Anonymous A
on Nov 26, 2024
USA
I want to receive updates regarding this question via email.

Is a CFA certification essential for a successful career in finance?

I keep hearing that the CFA is really important if you want to go far in finance, but I’m not sure if it’s something I should start working on right away. Is it really necessary to have a CFA, or are there other ways to build a successful career in finance? I’m trying to figure out if I should prioritize this or focus on gaining more practical experience first.

 

Thanks for your help and insights!

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Top answer
Natalie
Coach
on Feb 20, 2025
Ex-Investment Banker | Former Deloitte & Grant Thornton | Coaching Finance Candidates to Ace Interviews & Land Top Roles

Hey there, 

good question! The CFA can be valuable, but whether you need it depends on your career goals. If you’re aiming for asset management, equity research, or certain buy-side roles, it’s highly respected and can boost your credibility. But if you're looking at investment banking, private equity, or corporate finance, experience and networking usually matter more.

If you're early in your career, gaining practical experience might be the better move and get you further than just passing CFA exams. You can always start the CFA later if it aligns with your path. 

Hope that helps and let me know if you have further questions. 

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Simon
Coach
on Mar 13, 2025
Mastering Deals and Strategy | Seasoned coach

Hey there,

That's a great question! The CFA can be a powerful credential, but whether you should prioritize it really depends on your career path. If you're targeting roles in portfolio management, investment analysis, or asset management, earning the CFA can open a lot of doors. On the other hand, for careers in investment banking, corporate finance, or private equity, building solid experience and making strong connections may be more impactful early on.

If you're unsure, focusing on gaining practical skills while exploring your career interests can be a smart move. The CFA can always be pursued later once you have a clearer sense of your goals and how the certification fits into your journey.

Hope this gives you some clarity! Feel free to ask if you’d like more advice.

Simon

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