I’m considering whether to pursue an MSc at Nova. I graduated in 2023 with a non-honours degree and am currently working as a staff accountant. I’ve passed Level 1 of the CFA and plan to continue with the exams. I’ve also completed my honours degree online.
Now, I’m facing a decision: once I finish my honours degree, and assuming I pass Level 2 of the CFA, will that be sufficient to break into a Big 4 firm in Valuations or Corporate finance, or as a Credit Analyst in Banking? Alternatively, would obtaining a master’s degree from Nova provide a significant advantage? For context, I’m currently based in Dubai.
One response
Deciding whether to pursue a Master’s degree, especially one from a reputable institution like Nova, depends on several factors:
Career Goals: If your aim is to move into a specific role in Big 4 Valuations, Corporate finance, or as a Credit Analyst, research the qualifications and experiences typically required for those positions. A Master’s can definitely enhance your profile, but having relevant experience and professional qualifications like the CFA is also highly valued.
Industry Standards: In Dubai, the finance sector is competitive, and while many professionals hold Master’s degrees, having the CFA can sometimes offset the need for a Master’s, especially if you’re progressing well in your current job. Consider connecting with professionals in your field for insights about the importance of a Master’s in your desired roles.
Your Experience and Skills: Since you’ve started working as a staff accountant and passed Level I of the CFA, you’re already on a good path. Completing your honours degree and progressing through the CFA levels will also build a solid foundation.
Value of the Master’s: A Master’s can offer access to a valuable network, specialized knowledge, and potentially open doors that may not be easily accessible otherwise. Thus, if you choose to pursue one, make sure it’s aligned with your goals (e.g., a Master’s in finance or an MBA) and offers opportunities for internships or networking in your target area.
Financial Consideration: Consider the cost of a Master’s program versus the potential increase in salary or career progression. Sometimes work experience, especially in reputable firms, can be just as valuable.
Timing: You might also consider waiting until you have a bit more experience or clarity on your career direction. If potential employers value the CFA more than a Master’s, it could be smarter to focus on the CFA and gain relevant work experience first.
Ultimately, there’s no one-size-fits-all answer, but evaluating these factors can help you make a more informed decision. Good luck with whatever you choose!