Why do many Transaction Advisory consultants have a CFA? Is it beneficial for breaking in?

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Definitely not needed in M&A advisory, PE direct investments (have seen more on fund of funds side) or I-Banking, generally speaking. It’s more of a requirement as a portfolio manager on investment management side. Early in your career, it may help you as it looks nice on your business card along with any other professional certification you have. Practically speaking, you won’t ever use it in any meaningful way as far as M&A advisory is concerned.

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CFA is a 💩, my 2 cents.

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My CFA opened a lot of doors for me. But to each their own I guess. It’s not easy, and definitely a signal that someone is smart and motivated, if nothing else.

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Do they? In my FDD group of ~50 people, a few people that are now PPMD got it during the ~2011 slowdown. Of the rest, I only know of 1 that has it and a couple more took/passed level 1 and stopped.

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Thanks for the info. I’m looking to move from finance transformation more into Transaction Advisory for M&A and divestitures since that’s where most of my projects have been. Is there any other certificates that you recommend I focus on obtaining instead?

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Great insights. I appreciate the perspective!

Really? I don’t know of any. But then again I don’t go asking around.

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Rarely seen this. Any m&a consultant who has or is working on their cfa js trying to land a job in banking or private equity and thinks the cfa will help. But it doesn't help.

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CFA is so niche for equity research and the alike. They probably just googled and ate up the marketing bs articles on how CFA is relevant to all finance jobs (hint. It isn’t).

Yes, I’ve seen on LinkedIn. Quite a few. Some got it before moving into TA while a few got it after being in the role. Just wondering if it helps with breaking in.

Yeah, I haven’t met to many that had a CFA. The few I have met pivoted to other roles from TAS.

MD1 said it very well.

Depends on where you are in “transaction advisory”.

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