CFA Beneficial for Law Firm Hiring?

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
User avatar
SubwaySandwich
Posts: 27
Joined: Fri Dec 03, 2010 9:46 pm

CFA Beneficial for Law Firm Hiring?

Postby SubwaySandwich » Wed Feb 22, 2012 5:03 am

I'm currently on a year-off before law school and am debating on whether to take CFA level 1. I am trying to illuminate how much benefit it would have in the law firm hiring process, if any at all (with regards to transactional corporate law type jobs). I was wondering if any of you guys/gals had any insight on that? Thanks for your help!

User avatar
Tanicius
Posts: 2957
Joined: Sat Feb 07, 2009 12:54 am

Re: CFA Beneficial for Law Firm Hiring?

Postby Tanicius » Wed Feb 22, 2012 5:47 am

The answer is yes.

LawIdiot86
Posts: 1159
Joined: Tue Nov 15, 2011 5:21 pm

Re: CFA Beneficial for Law Firm Hiring?

Postby LawIdiot86 » Wed Feb 22, 2012 11:48 am

CFA Level 1 will help you when you get a corporate law job to actually understand the documents you are drafting/reviewing. From my general experience though, firms don't care about these sorts of credentials (CPA, CFA, etc) outside of Tax or ERISA and in your case, if the partner did know how hard the CFA was, he would know it's level one of three. Also, some firms for SA purposes may view it as a job hopper liability that you will be more likely to leave for big consulting after the summer.

de5igual
Posts: 1463
Joined: Mon Dec 08, 2008 11:52 pm

Re: CFA Beneficial for Law Firm Hiring?

Postby de5igual » Thu Feb 23, 2012 4:21 pm

i think it's a plus as long as you had the work experience that went along with it. but if you're studying to take the exam with no finance work experience, it'd probably be a waste (just as having a cpa with no real accounting experience is a waste).

bmili
Posts: 248
Joined: Fri Dec 03, 2010 6:21 pm

Re: CFA Beneficial for Law Firm Hiring?

Postby bmili » Tue Mar 06, 2012 12:16 pm

Give me a couple years and I will let you know, but to echo previous posters, you are wasting your time if you don't already have the mandated work experience.

User avatar
dingbat
Posts: 4976
Joined: Wed Jan 11, 2012 9:12 pm

Re: CFA Beneficial for Law Firm Hiring?

Postby dingbat » Tue Mar 06, 2012 1:36 pm

f0bolous wrote:i think it's a plus as long as you had the work experience that went along with it. but if you're studying to take the exam with no finance work experience, it'd probably be a waste (just as having a cpa with no real accounting experience is a waste).


More importantly, 4 years of relevant work experience is required to become a CFA. If you don't want that kind of career track, don't get the CFA.
Even level 1 is a freaking hard exam and you'll probably need to take a course to be able to pass. If you then go to law school it means you'll be 7 years out before you can even become a CFA.

Practically speaking, it's one or the other, not both.




Return to “Legal Employment”

Who is online

The online users are hidden on this forum.