Pursuing a CFA

[ryan.lanphere]

I am looking for some guidance regarding the relative value added to my MBA candidacy from pursuing a CFA designation. I am looking to apply in fall of 2010 to a top 10 MBA program. I understand that there are many factors considered by these schools, but in a vacuum would work towards a CFA significantly improve my chances at a top 10 school or would my time be better served pursuing and expanding my extracurricular and volunteer activities? Theoretically, I could have levels I & II passed by the time I apply, and level III completed before I start in fall 2011.

For additional context, the following is a brief list of my qualifications:

Undergrad - Finance major at MIT Sloan, average GPA
GMAT - 710/6.0 (I am looking to improve this to the 730-760 range)
Experience - 4 years with top 3 fixed income investment management firm

Thanks!

[mbamission]

Hi -

Given your solid GMAT score, undergraduate education as well as professional experience in finance, I would think that your time would be better served rounding out your extracurricular and community service activities.

Your background already speaks to your quantitative ability, so completing the CFA doesn't seem to add as much to your candidacy.

I hope this helps.
Regards,

Erin

Erin Schuhmacher
MBA Mission
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