Business School Better Use Of Your Time, Money, Liver Than CFA Camp: Study

If your life goals include becoming a managing director. If they don't, go ahead, pack your bags for Camp CFA.
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Regular Dealbreaker readers know that we spend a lot of time around these parts having the MBA vs CFAdebate. With the business school track, you're enjoying a two-year retreat from the working world that breaks down to roughly one hour of class for every 20 hours of partying with your fellow business leaders of tomorrow. Then again, you'll be surrounded by these sorts of people. With the chartered financial analyst track, you've got a chance to attend the extremely exclusive, week-long retreat that is known as CFA Camp. But on the other hand, the institute will own your ass. For those currently struggling to pick a side, today brings a point in favor of the MBA:

The implication is clear. – The more senior you aspire to go in a front office investment banking job, the more worthwhile it may be to spend $160k+ on a top MBA instead of scrimping and studying the CFA Program...Although most investment banks have cut their MBA hiring - especially for sales and trading roles, business schools suggest the breadth of their MBA programs means that banks still come to them to recruit senior staff of tomorrow. “An MBA is distinct from the CFA programme in that it isn’t just about acquiring the technical knowledge necessary to do the job – it’s about developing as a person and learning the broad skills necessary to be a leader,” says Christian Dummett, head of finance careers at LBS. “When banks hire MBAs they are looking for their future managing directors, which is why there will always be demand for people join associate classes – especially in IBD.”

An MBA is better than a CFA if you want to make MD in banking [eFinancial]

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