Starting Career in Asset Management, if I get a CFA would it help for Corporate Banking

Interned at a large regional/national bank (think Truist, PNC, US Bank,) in the Asset Management Group, more specifically institutional asset management. A lot of seniors in the group have CFA's and highly recommend it. I got a return offer for August 2027.

I am slightly more interested in internally lateralizing over to the Corporate Banking or Capital Markets groups. It depends on how I like the full-time role though.

Since I have over a year until I start full time I was thinking about doing 1 or 2 levels of the CFA, but I wanted to ask if I do progress in the CFA or become a charterholder, does that hold any weight for CB or CM? Thanks!

8 comments · 84% upvoted · other discussions

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DrawingSouth8209

cfa is overkill for corporate banking. the curriculum is mostly portfolio theory and equity analysis, none of that touches the credit modeling and deal structuring you'd actually do in CB. if you want to lateral into capital markets it's a little more relevant but still not the best use of your time

you're way better off spending that year doing a modeling course and learning how to build a 3 statement model from scratch. that's what the senior bankers will actually care about

ThatOneGuy-C6 [OP]

I've already studied alot of those skills in recruiting and I have alot of free time before starting, would getting a CFA not help at all?

tarakian-grunt

OP you seem not to want to understand the advice.

coreytrevor

If your bosses recommend it, get it

Noob_Master6699

CFA is already useless and u wanna know would it help for recruiting corporate bank?

Validfishinglicense

Someone didn’t pass

TruckLimp451

How is it useless