I feel CFAs are over-rated. Unless you are planning to work in asset management or a hedge fund having a CFA doesn't really make a big difference.

Most of my friends in banks do not have CFAs and the only 1 guy who has it and works at treasury says it didn't really do much for him cept make his already impressive qualifications look even better (he got first class honors from NTU!)...

Other areas which use 'financial analysts' in banks also include their commerical banking, corporate banking departments. They always require people who know how to do financial analysis to 'review' their customer's annual performance and/or new prospects. This involves reviewing their financial performance and indicators, projecting their cashflows, analyzing their industry risk, management etc.

So can always consider that too.