I recently accepted an offer at MBB as a generalist consultant. I am a CFA and FRM charterholder but I get the feeling that neither one is really seen as an achievement at MBB. Is that feeling correct or have I just not seen any advantages yet? Also I am wondering what advantages would CFA or FRM charters have at PE firms?

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This feeling is correct

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People on my team have PhD’s and I’d never know unless I snooped their CV

Safe to say that it’s nice you have the certs and it may prove useful in a case here or there but certs mean nothing if you can’t produce quality deliverables regardless of industry/context

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All people care about is if you can leverage your raw intelligence to perform on a project.

No one cares about the letters after your name.

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Your feeling is correct. It doesn’t help or matter much on the consulting job - or in PE roles. So ignore the fact that you have one and stay humble ☺️

MBA or operating experience are the only really valuable things, but even an MBA isn’t necessary (plenty of folks who are just as good as, if not better than, those who don’t have one).

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CFA candidate, FRM charterholder here working with Monitor. Big4 attaches some value to it (since Risk and Fin Advisory teams work alongside Monitor in may strat cases)

Interested to hear perspectives from MBB folks.

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They do if you work in AM

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