Hi Everybody. I think this topic could create a very good debate, so here it goes. As someone who is presently involved in portfolio management at the individual level, I’m curious about how this translates into the institutional side (mutual fund, hedge fund, pension, endowments, etc…). Besides some of the obvious differences being taxability and level of sophistication, the underlying knowledge - which I’m presently working on as a CFA Level II Candidate - should be much the same. But does it actually work this way in “the real world” ? Simply put, how can you make this transition? My impression is that obtaining the CFA is non-negotiable. But what else would you need to do? (MBA?, Entry-level equity research?, time and experience?, all of the above?) I would greatly appreciate some feedback. Thanks!