I am currently working in operations for a big IB. I am well paid for a 23 year old and career prospects are reasonable within the department. However, I want to work in equity research and this is where the dilemma comes in. Should I go back to uni and do a masters in investment analysis & fund management, the course also lets me complete upto level 2 CFA, so i would finish in a years time with a Msc and level 2 CFA. The probelm is it will cost me 20k and when you consider lost earnings from a year not earning it means going back to uni will cost me around 55k. What should I do? Take the risk, do the uni course and try and get a job in equity research or stay as I am and try and workmy way up? Please help!