If you want to pursue a full-time career in investing, then the degree of choice should be a CFA.Most of the people who are CFA are portfolio managers. Portfolio management has a lucrative payment. Some of the CFA also work as an investment banker in top investment banks such as Goldman Sachs, Merrill Lynch etc.
If you are really passionate about investing, then you could pursue CFA after graduation. The best thing, you need not attend a specific college to do CFA. CFA Institute which is located in America will take the exam. The exam locations are present all over the world. You can give the exam anywhere. The degree will be universal.That is, the CFA degree holder in America will have the same value as a degree holder in India.
The eligibility is that you need to a graduate and for being chartered, you should have 4 years of work experience in any field.
The exam is at three levels i.e. Level 1, level 2 and level 3. You can prepare for the exam at your own pace without requiring you to attend any college.
The best part is, you can come from any background of study and can give the exam and pass it!
According to Wikipedia the following is the function of a CFA:
- 22% Portfolio Manager
- 16% Research Analyst
- 7% Chief Executive
- 6% Consultant
- 5% Corporate Financial Analyst
- 5% Financial Advisor
- 5% Relationship Managers, Sales, & Marketing
- 5% Risk Manager
- 4% Investment Banking Analyst
- 3% Manager of Managers
- 3% Accountant/Auditor
- 3% Strategist
- 3% Trader
- 1% Broker
- 1% Performance Measurement Specialist
- 1% Private Banker
- 10% Other
As you can see 22% of the CFA holders are portfolio managers.
Portfolio management is a lucrative business when you have big investors in your exposure. The CFA degree holder should also act according to ethics and should always take decisions based on the best interest of the clients.
People who are looking for being an investment banker in future could also do this degree. This will be a plus point in your overall profile when you will be applying for the top business schools.
It will boost your chances of getting in business school. And the top of that, if you manage portfolio or other stuff after completing CFA, it will further boost your chances of getting selected in a Business school.
And the investment banks will prefer you as you will be having both CFA and an MBA.
So my advice will be, those who want to divulge into the world of investments should surely pursue the degree.
It is not about the exam, but the things that you will read for the exam that will make the difference in real investing.