hi guyz… first of all happpy holi to all u… i had written a thread… guess it was too long and it went unanswered… first my introduction i am an I.T engineer by qualification and right now i have an industry experience of 2.5 in networ…
hi guyz...
first of all happpy holi to all u..
i had written a thread.. guess it was too long and it went unanswered..
first my introduction i am an I.T engineer by qualification and right now i have an industry experience of 2.5 in networking industry.. and i really hate the job which im doing.. inspite of a good sal. ( say around 3.5 lacs/year)
so i wrote my cat.. and it dint go thru wel till now.. got thru sibm , iitd, rejected in fms and iift and still waiting for xl results...
my question is IM EXTREEEEEEEEEEEEEEEEEEEEEEMELY PASSIIIIIIIIIIIIIIIIONATE abt finance.. and i really want to be there.. say equity research/derivative analyst.. etc
can u guyz tel me how really start of from ...
is it possible to land up in an ibank thru exp.. without mba..if i say work from a starting position in equity research for 2 years.. and then work towards mba..
mind u.. im not lured to ibanking just by those fat pay cheques.. but i m really passionate abt the field of finance.. and i stilll i regret doing my engg. i should have done my bcom , CA instead...
guyz so this is my question
A) how can u go about getting equity research job.. can an engineer get it first place..
im williing to start of even with alower pay of say 20 grand a month..
b) if i work for 2 years.. will it be good to secure me an i bankin g job..
please guyz.. i nneed to make u p my mind.. and chalk out contingencies..
say joining GLIM , NANYANG..
I DON THINK I HAVE THE PATIENCE TO WRITE CAT AGAIN..!!!!
THANKS IN ADVANCE
hi u all there
i m sunny and this is my firrt post ever on this forum so hope my experience here will b fruitful
so lets get back to d core
wanna b a CFO or CA to fullfill -->Equity Research job/entry level i banking jobs
well MAVERICK999 HI The biography u spelt out in ur post is very similar to mine but it seems thst i m not so well talented as u r(but its my life n i cant do ne thing)
i m also a science grad and was plannin 2 do mba from iim but my cat apearance was a blunder so i m back to my ordinary life, doing nothing
but i m having d same tastes abt finance stocks derivatives that i'll love to carry them throout my life
suggestions 4 u my friend is that
1 do some quick courses from NSE,BSE of ur liking (ie u have ooptions of doin them in stocks derivatives ,options ,futures, mutual funds etc they r very short courses of 1 or 2 days and even u can attempt them remotely by just studin their course material provided to u @ d time of registration.
2 even u have some courses run by BAJAJ CAPITAL in new delhi some where in and around CP and KG marg (for more info u can mail me) they r just fabulous and u have placements also there
3 or do CIMA (chartered institute of management accounting )london
(for more info u can mail me )it is more than what CA s and goes upto making financial decisions in a board room so u can even aspire to be an CFA or ceo
thanx
u r always welcome to contact me thro this forum and also thro email
bye take care
sunny
[email protected]
guyz.. except for one reply..
i din get much insight from u people
please guyz.. try to give ur feedback and thoughts on this.. as i value them very highly..
thanks in advance..
hello maverick
this is my first post on PG and i am glad to knw that there are people like me.....thinking on same guidelines and sharing same interests and passions
good post buddy
even i would like to knw how can an engineer break through in a world of equity research
pl inform me if there is anything u come to know bout
cheers
great post maverick! wonder y i found this thread so late. i guess there r many guys who want to get into equity research(ER) and lack a background.
as for myself, i'm a fresh grad bsc(H) comp sc. I wrote cat this yr. scored 90.45%. ppl have been telling me that to get into ER one needs a CFA or top class mba.
I cannot go 4 mba or cfa this yr.(it sounds weird, forgive me 4 that). Does that means i have no chance of breaking into ER world?
as i have gathered, nse certifications r not a challenge and they do not help building a profile 4 an ER job. i've been searching the internet 4 weeks and could not find any helpful short term course. not the least in delhi.
lets get together. if there's a way, we shall find it.
great post maverick! wonder y i found this thread so late. i guess there r many guys who want to get into equity research(ER) and lack a background.
as for myself, i'm a fresh grad bsc(H) comp sc. I wrote cat this yr. scored 90.45%. ppl have been telling me that to get into ER one needs a CFA or top class mba.
I cannot go 4 mba or cfa this yr.(it sounds weird, forgive me 4 that). Does that means i have no chance of breaking into ER world?
as i have gathered, nse certifications r not a challenge and they do not help building a profile 4 an ER job. i've been searching the internet 4 weeks and could not find any helpful short term course. not the least in delhi.
lets get together. if there's a way, we shall find it.
Hi guys, I am a CFA and an analyst at a leading IB in Mumbai.
I know very well that you guys without any work ex or a background in finance coud definitely land-up in IBanks. In fact, the IBs require people from vast diverse backgrounds and graduates in statistics, mathematics, engineering and IT are a big hit- even if they dont have an MBA. In fact I have seen that many IBs abroad even have physics , chemistry and music graduates working for them !!
The only catch is that you have to be from a top-rung institute in your graduation. Secondly, you must either register for a CFA if your interested in financial markets/ equity research but incase you are in love with corporate finance, you may well do CMA from Institute of Management Accountants (USA) or ACMA from CIMA UK alongside your job.
The UTI Institute of Capital Markets also offers a 1yr Securities Markets Program in Mumbai for those wanting a short-term course but in any case FORGET NCFM CERTIFICATION for breaking into ER/IBs coz they r just plain shit.
Feel free to ask more on it.
Regards,
Tumtum.
Hi guys, I am a CFA and an analyst at a leading IB in Mumbai.
I know very well that you guys without any work ex or a background in finance coud definitely land-up in IBanks. In fact, the IBs require people from vast diverse backgrounds and graduates in statistics, mathematics, engineering and IT are a big hit- even if they dont have an MBA. In fact I have seen that many IBs abroad even have physics , chemistry and music graduates working for them !!
The only catch is that you have to be from a top-rung institute in your graduation. Secondly, you must either register for a CFA if your interested in financial markets/ equity research but incase you are in love with corporate finance, you may well do CMA from Institute of Management Accountants (USA) or ACMA from CIMA UK alongside your job.
The UTI Institute of Capital Markets also offers a 1yr Securities Markets Program in Mumbai for those wanting a short-term course but in any case FORGET NCFM CERTIFICATION for breaking into ER/IBs coz they r just plain shit.
Feel free to ask more on it.
Regards,
Tumtum.
thanks for that warning tumtum. NCFM certifications just give some basic knowledge even though they r outdated. I was looking 4 a short term course in delhi. I m considering enrolling for cfa. Can u pls tell us smthing abt the selection process for Ibanks, like what sort of candidates they prefer and the designation they offer. I'm still looking 4 short term courses or oppurtunities through distance learning.
:regards,
lohiya.
hii,
i'm a final year electronics engineering student from IIT kharagpur and as usual interested in IB. It's better if i can get into private equity or venture capital. But i feel i need some IB exp before it. I've read through(or going to take courses as audit from VGSOM) derivatives, merger aquisition analysis, corporate finance, risk management....
Though companies like goldman sachs, lehman bros., ML, JPMC american bank etc coms to the campus and recruit btechs as analysts...I would like to know what exactly they seek in a probable candidate.
In fact i would like to try for us or uk based posting as well
and in that case i'll chuck iima/b/c even if i get them through cat06
so guys ,specially those who r already working in IB,PE,VC, plzz help me to aquire the needed expertise towards a career in IB->PE,VC
is it possible to apply for cfa (aimr) now itself..?
and reference to books is very much welcome
by the way what ever i have read abt fin related thngs is not documented coz either i took them as audit or self reading
if possible plzz tell me some internationally creditable course or certification...something i can showoff in my goldman sachs etc interview or will help me get the shortlist
For being eligible to give CFA exams, one has to be a graduate atleast.
Apart from CFA, another course much in demand is the Financial Risk Manager (FRM) () and Professional Risk Manager (PRM) () and Professional Risk Manager (PRM) (www.prmia.org).
Actually there is a very good competition between both the courses and PRM is now emerging stronger as they have forged alliances with the Carnegie Mellon Univ, UC Berkeley Haas B School, University of Reading UK etc.
Whatever the course, the risk management coverage is more quant specific in PRM ( a hit with techies wanting to get into risk modelling n stuff) and both these courses are a hit with IBs the world over.
Apart from that, one may do the MSc/MS in Quantitative Finance or Certificate in Quantitative Finance (CQF) to get into a good quant modelling role in an IB.
Infact I am myself planning to take up either of these courses for strengthening my profile further.
Feel free to ask for more.
Regards,
Tumtum.
PS: For knowing more about competition between FRM and PRM, refer to
www.garp.com) and Professional Risk Manager (PRM) (www.prmia.org).
Actually there is a very good competition between both the courses and PRM is now emerging stronger as they have forged alliances with the Carnegie Mellon Univ, UC Berkeley Haas B School, University of Reading UK etc.
Whatever the course, the risk management coverage is more quant specific in PRM ( a hit with techies wanting to get into risk modelling n stuff) and both these courses are a hit with IBs the world over.
Apart from that, one may do the MSc/MS in Quantitative Finance or Certificate in Quantitative Finance (CQF) to get into a good quant modelling role in an IB.
Infact I am myself planning to take up either of these courses for strengthening my profile further.
Feel free to ask for more.
Regards,
Tumtum.
PS: For knowing more about competition between FRM and PRM, refer to
[url=http://www.siegert-partner.de/GARP_PRMIA/garp_vs_prmia.htm
Can some provide some more details on GARP and PRM.
R thy better than CFA.........
Can some provide some more details on GARP and PRM.
R thy better than CFA.........
It depends on what profile you are gunning for.
If you are gunning for a Equity Research or a Fund Management job, then CFA is ideally more needed and respected. However, if you are aiming for a Risk Management profile, then FRM/PRM may have a slight advantage.
Actually they are non-competing degrees and add to a person's knowledge because CFA is not quant-heavy but FRM/PRM are quant-heavy compared to CFA.
Regards,
Tumtum.
Can some provide some more details on GARP and PRM.
R thy better than CFA.........
The best solution: Go for CIIA. It is one year course and simply superb. But you need to give one full year for this course studying 3-4 hours everyday. Recently we have inducted BSC/B.com + CIIA guys as analyst. Infact if you are CIIA, then you get exemptions for PRM.
No way GARP and PRM is better then CFA. GARP and PRM are sort of add on qualifications above CFA, MBA , CIIA, CA etc.
The best solution: Go for CIIA. It is one year course and simply superb. But you need to give one full year for this course studying 3-4 hours everyday. Recently we have inducted BSC/B.com + CIIA guys as analyst. Infact if you are CIIA, then you get exemptions for PRM.
No way GARP and PRM is better then CFA. GARP and PRM are sort of add on qualifications above CFA, MBA , CIIA, CA etc.
Cud u give more info on CIIA pls. Im going through buks on price indicators and oscillators. Will soon join a pvt. institute 4 further technical analysis, prepare an extensive ER report n hope to get a job of jr. technical analysis this way in the next few months. Ppl have been telling me that it pays around 15k, and fresh grads do get a chance. Please pour in ur valuable suggestions.
Cud u give more info on CIIA pls. Im going through buks on price indicators and oscillators. Will soon join a pvt. institute 4 further technical analysis, prepare an extensive ER report n hope to get a job of jr. technical analysis this way in the next few months. Ppl have been telling me that it pays around 15k, and fresh grads do get a chance. Please pour in ur valuable suggestions
CIIA is good course because it can be completed in one year and it is very much in demand. The subjects and papers in CIIA are interesting too. Please visit: http://www.icfai.org/icpe/main/ciia_qualification.htm
Are you taking about BLB institute ? If that is what you are talking about, then you need to be prepared to work in very small firms..like local area equity firms eg chugh securities, Ragunath Agencies etc. I dont think these firms can pay you 15 K.
Cheers,
Im still not clear abt the eligibility of CIIA exam. It looks like its an add-on to CFA.
As a fresh grad with sm knowledge of technical research i dnt expect to b picked by an mnc where only CFA+ 3yr. experienced r considered. Neither do i want to depend on BLB's bullshit placement cell. Minnow firms employ on a basic salayr + commission basis n thats hw overall it may go to 15k. But i wonder abt my career progress by starting to work in a small firm.
As i said i have sm buks and studying well equity resarch. Hope that in a knowledge based industry my knowledge will b considered.
:
As a fresh grad with sm knowledge of technical research i dnt expect to b picked by an mnc where only CFA+ 3yr. experienced r considered. Neither do i want to depend on BLB's bullshit placement cell. Minnow firms employ on a basic salayr + commission basis n thats hw overall it may go to 15k. But i wonder abt my career progress by starting to work in a small firm.
As i said i have sm buks and studying well equity resarch. Hope that in a knowledge based industry my knowledge will b considered.
:
hi Tumtum,
First of all thanks for your valuable insights into the field of FIN. Youare a CFA as u mentioned!! thts great!! So have you cleared all three levels??
I am considering pursuing CFA from US next Jun, Can you please help us know what material you referred. If possible give us the strategies you followed, the material, books and notes you referred to, and the order of study as in where to start from etc?
Also if you could tell me how r the job prospects after an MBA(m pursuing one from an IIT this year) + a CFA(along with the MBA) both in India and abroad.
Looking forward to your response,
Thanks in advance,
Aniblitz
hi Tumtum,
First of all thanks for your valuable insights into the field of FIN. Youare a CFA as u mentioned!! thts great!! So have you cleared all three levels??
I am considering pursuing CFA from US next Jun, Can you please help us know what material you referred. If possible give us the strategies you followed, the material, books and notes you referred to, and the order of study as in where to start from etc?
Also if you could tell me how r the job prospects after an MBA(m pursuing one from an IIT this year) + a CFA(along with the MBA) both in India and abroad.
Looking forward to your response,
Thanks in advance,
Aniblitz
Anil.
I am really sorry, I cant help you out on this one because I am a CFA from ICFAI and not CFA Institute, US. For knowing more about the US CFA, please look at this website www.cfainstitute.org
In case you want to know more about the ICFAI CFA, then please refer to www.icfai.org
You may also refer to the thread on pagalguy named
http://www.pagalguy.com/discussions/chartered-financial-analyst-cfa-from-icfai_hyderabad-25014266
Alternately, you may contact our member "crash_test_dummy" to get more details on the US CFA.
Regards,
Tumtum.
Also, i will like to add that if you are going for CFA from cfainstitute, give lot of time gap between registering and sitting for exams.
For example, Dont register in Mid february for june level 1 exams. It is sheer wastage of money as proved by one of our members 
Cheers,
thanks Tumtum n Babu,
I shall get in touch with crash test dummy. And yes I know about the stringent demands of a CFA, i will leave ample time, so tht i m fully prepared, prob start prep frm next month for xam in June'07.
Once again, thanks guys for all your help!
Regards,
aniblitz
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