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If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. The caveat here is that the MBA would most probably need to be from a Top-20 B-School.The Chartered Financial Analyst (CFA) is well worth considering if you (a) are aiming for an entry-level position in investment banking, and/or (b) cannot afford to shell out six figures for an MBA or have to settle for a lesser-known B-school.That's because in the investment banking field, most entry-level positions are at the analyst level.
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You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don't count on it. The CFA Institute has long emphasized that ethics is a particular area of focus for it. The seriousness with which the CFA Institute views ethics is evident from the fact that for exam candidates with borderline total scores, performance on the ethics section can mean the difference between passing and failing the exam.
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One major requirement before one can become a bond broker is to pass the General Securities Representative Exam, commonly called the Series 7 exam. Series 7 is an exam that allows brokers to engage in the purchase and sale of securities. Before the exam can be taken, the candidate in question has to be sponsored by a broker/dealer firm.
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Yes. When your employment ends with the current firm, your registration with the Financial Industry Regulatory Authority or FINRA, (previously the National Association of Securities Dealers (NASD)), will be terminated. Your current employer would file Form U-5, which would effectively terminate your current registration with FINRA for all licenses.
