Is it pointless to become a CPA if I plan to be an analyst (CFA) ?

Question

I am about to get my ba in accountancy in one more year but recently decided that I would rather work in finance (hedge funds). So, my new goal is to get designated as a CFA. But since I am so close, I would like to get the CPA while pursuing a masters in finance. Would this add value to my resume or be a waste of time? In an interview with a CPA firm, should I let them know that I plan to leave them once I get enough audit hours for the license?

Answer 1

The more designations you can achieve the greater your value to a perspective employer.  I would definitely get the CPA designation - if the hedge fund business does not work out for you, you can work as a CPA almost anywhere.

Do not tell a CPA firm that you are going to use them just until you get enough audit hours.  You will not get hired if you tell them you are planning on leaving in the short term unless you find a short term position.

Answer 2

Agreed, you won't be hurt by gaining your CPA, but it might slow you down.  I would not disclose that you intend to leave unless you are asked directly and say you would consider it after you gained 2-4 years of experience.  

I would look at the CFA, CHA and CAIA designations as well to see if one might be a fit for you.  

- Richard

Richard Wilson

Hedge Fund Group (HFG)

http://hedgefundgroup.org