Is a CFA Worth Pursuing at Age 37 in the Financial Field?

At age 37, with 15 years of experience in the finance field, you might wonder if it's worth pursuing the Chartered Financial Analyst (CFA) qualification. Let's explore the potential benefits and drawbacks, and whether a CFA could give you an edge in your career.

Experience vs. Age-Related Prejudice

Your extensive experience in the finance sector certainly adds value. However, it's important to recognize that as you age, this experience might be mitigated by age-related biases in the job market. You will inevitably find yourself competing against candidates who are more than a decade younger, holding certifications like the CFA, and potentially viewed as having more youthful vigor.

The Impact of Age on Career Path

Another factor to consider is the trend in aging professionals moving towards less stressful roles. Many seasoned finance professionals transition from sell-side positions, such as analysts and brokers, to more stable and less demanding buy-side roles like fund management or portfolio analysis. However, if you aspire to advance into fund management or other senior roles, a CFA could be highly beneficial.

Success Without the CFA

It's worth noting that many successful finance professionals, including Warren Buffett, Michael Burry (not Druckmiller), and George Soros, do not hold a CFA designation and still achieve great success. These individuals demonstrate that the absence of a CFA does not necessarily detract from one's career accomplishments.

Why the CFA Might Be Beneficial for Most

However, for the majority of aspiring finance professionals, obtaining a CFA can be quite advantageous. As more younger professionals pursue and attain this qualification, the CFA becomes a more significant differentiator in the job market. Employers often value the rigorous and broader scope of knowledge offered by the CFA program, which can be highly beneficial for career advancement and competitiveness.

Conclusion

Deciding whether to pursue a CFA at 37 is a personal choice that depends on your career aspirations and competitive landscape. While experience and age can bring much to the table, the CFA can serve as a valuable tool in your toolkit, especially for those seeking to advance into leadership roles or standout in a highly competitive job market.

Ultimately, it's an investment in your future, equipping you with advanced knowledge and skills that can set you apart. Weigh the benefits against your career goals and, if the CFA aligns with your aspirations, it might indeed be worth the pursuit.