Any thoughts? Also how does CFA exams help the career, if any?
One path is to remain in risk management, in which case you can work to become a senior risk manager (say, looking after a group of desks/portfolios), then VP, Risk Management, then a Chief Risk Officer and then get laid off (because a huge loss happened on your watch). Another path is to hope to move over to trading, say in some soft of arb/quant trading capacity. Or, if you are bright and personable, just normal trading. CFA is a bit of an overkill for a risk manager (although it does allow you to converse intelligently with traders and accountants). It does help for a trader, even though it is not a perfect fit either.
Are risk control persons (risk control analyst/manager, CRO, etc) being hated, or at least not welcomed, by trading related departments?
For lightweight risk management, search this forum for FRM and PRM. For “quant” risk analysis, you’ll need to become a quant, typically a master’s or PhD in mathematical finance. (This will teach you, among other things, programming, which is usually implied when one says “quant”.) So CFA likely misses for either position. You should go check out job bboards and search for “risk management” to see the credentials required.
FourCastles Wrote: ------------------------------------------------------- > CFA is a bit of an overkill for a risk manager > (although it does allow you to converse > intelligently with traders and accountants). It > does help for a trader, even though it is not a > perfect fit either. Name one financial job that the CFA isn’t overkill for.