How to become Investment Banking Analyst??

Question

What do you need?MBA or CFA?How Hard is it to get CFA?

Answer 1

I'm currently retired, but have run an investment banking area and have hired investment banking personnel.

Here's what I would consider the ideal candidate coming out of school with no actual investment banking experience,

o A bachelor's degree, preferably a master's degree

o Courses heavy in finance, investments, mathematics, statistics, etc. In other words, the "tough" courses.

o The degree must be from a college or university with a good reputation for their business program

o High class ranking in college.

o No interest in those individuals who just "got by" or took only the "crib" courses.

o Strong computer skills, with excellent knowledge of a spreadsheet program (not just adding columns, but an understanding of the more advanced capabilities).

o Excellent writing and math skills

o Strong logical reasoning

o Well-dressed, confident, articulate, very ambitious

o A history of extracurricular activities, hobbies, and/or interests that are consistent with the desired skills mentioned above

o The ability and willingness to do whatever it takes in terms of time commitment to be successful. 9 to 5'vers will rarely, if ever, succeed in the investment banking world.

o CFA would not be a requirement.

Final Note: Investment banking is a very tough career path to pursue. However, if successful, investment banking can be extremely rewarding, both financially and personally.

Answer 2

Tomel is spot on.

MBA / CFA not required, but will be a great aid in getting an interview.

How hard to get a CFA - very.  Three levels of testing, which takes a minimum two and a half years to complete.  Pass rate is 30% (or so) and that is not of people who felt like giving it a go - only serious people begin the CFA program.  You also need two years of relevant work experience to be eligible.