Originally Posted by TurboBruce
CFA is definitely not useless. Around here some banks won't even consider hiring you if you don't have it... They do however have a reputation of being a bit picky about that.
Connections are probably what would help you the most. For example, I was hired for my first investment job after a friend in the industry forwarded my CV to a portfolio manager. I got an interview because of that and no one ever asked me about my grades...
Couldn't agree more. I would estimate that 90% of the PM's at my shop are chartered and or candidates. If you want to go into IB, strongly consider CFA.
Now on to fund accounting. You'll get some decent experience but dont grow too many roots. The more time you spend in FA, the less desirable you'll look. SSB, BNY/mellon, BBH etc. are all good places to get your foot in the door but if you want to get into IB, you need to make moves to middle office/front office. Boston has alot of good buy side firms/IM firms you can get in with a few yrs experience.