On the one hand, it’s not a bad thing to have a graduate-level certification in the investment business. On the other hand, there’s more competition for investment jobs than ever in a time when parts of the investment industry are likely going to shrink.
Michael advised a change from investment management to financial advice. The CFP route could work for those who would like to translate their investment skills into more of a financial planning role. I know plenty of people in the industry who have both the CFA and CFP designations (my colleague Blair for instance).
As I explained in the podcast, there is another route if you have no desire to become a financial advisor.
The way I see it, there are two paths you can take in almost any career: (1) you can become a generalist and have a wide range of skills, knowledge or abilities or (2) you can become a specialist and have a specific niche you serve and understand that niche really well.
