I am interested in the MSc in Financial Forecasting and Investment course at the University of Glasgow.Could anyone provide information regarding the quality of the coursework,faculty and post MSc job prospects.
My background:
BE in Computer Engg. from Mumbai University(2010 pass-out) with first class.
How competitive are the admissions to the course as the university is ranked pretty high.
Frankly speaking- it might be a disappointment to you but University of Glasgow is not all that reputed that it seems it is !
In fact, for finance degrees, you should be looking mainly at London School of Economics, Imperial College, Warwick/Strathclyde if you are to study in the UK.
Even University of Exeter's MSc in Financial Analysis & Fund Management and University of Edinburgh's MSc (finance) are quickly rising in the ranks for top MSc programs in finance in UK. Think on these lines...research more and contact me if the need be. Hope you find this useful.
Regards
Treasury is also a good field. But it again depends what you do there? Are you into Accounting of Treasury, then for me its a boring job. I rather look at it as a clerk of a godown managing the ins and outs of the stock of godown. Nothing else.
Well the reason i quote the above thing is becoz i m in the same profile wont get into whether i agree with chetan but..
Continuing from that well i m a CA wkg for ICICI Bk handlng actg for their singapore treasury as a Manager now i jst want some guiding light on what can i do education wise to grow in the Treasury related fields...CFA(USA) is one thing but every 4th person is doin it so what else. Ohh forgot to add that i have 2 yrs of work ex
hi puys...can anyone elaborate baout CMA (us) and CIMA (UK) qualifications and wihch one is better for career in India..plz suggest or direst me to relevant post..
regards,
Hi Guys,
My Brief Profile:
MBA (Fin) from a decent Indian Uni.
3.5 years with Wipro India as a Business Analyst for Investment Banking clients.
Currently pursuing Msc Fin at LSE and preparing to give the CFA Level 3 exam concurrently, both of these in the coming May/ June.
I'm really looking forward for a career in equity research in the UK.
How would my chances weigh considering that even If I'm ready to start at an entry level position. What else would I have to do to make a decent crack?
Harsha.
Hi Guys,
My Brief Profile:
MBA (Fin) from a decent Indian Uni.
3.5 years with Wipro India as a Business Analyst for Investment Banking clients.
Currently pursuing Msc Fin at LSE and preparing to give the CFA Level 3 exam concurrently, both of these in the coming May/ June.
I'm really looking forward for a career in equity research in the UK.
How would my chances weigh considering that even If I'm ready to start at an entry level position. What else would I have to do to make a decent crack?
Harsha.
MBA (Fin) + LSE MSc Fin + 3.5 in Investment Banking + CFA L3 Candidate is really really good profile mate! I am not sure what exactly wipro does in Investment Banking area but if thats M&A; or Private Equity or even Research you a good candidate to break into a I-Bank at an Analyst position.
Personally, I think you have got everything except a UK work-permit and its the procurement of sponsored visa which will give you a big headache. Don't just go for big names only, do apply to boutique i-banks in the UK like Evercore, Lazard etc.
All the best!
BL
I have an MSc in Management (specialization - Finance) from Warwick B School and currently I am studying part-time for the CFP (Chartered Financial Planning) qualification from a institute. I am aware that the CFP qualification will make me fit for a role in Wealth Management area but what are the chances to migrating to Private Equity and/or M&A; after a couple of years (3-4 yrs maybe)?
Request your reply/inputs.
BL
Hi PUYS,
I'm a B Tech grad working for a huge Multinational Software Company with good knowledge in finance, financial markets, equities and trading. Is there any chance of me getting into a trading company like Futures First or into Investment Banking without having to do an MBA or a CFA? I heard FF trains candidates once they recruit them. How good aare my chances at that and how should I start to work towards that? Please help me out coz I dont wanna be stuck in thsi IT field, trading and finance is where my heart lies.
Thanks in advance.
Hi PUYS,
I'm a B Tech grad working for a huge Multinational Software Company with good knowledge in finance, financial markets, equities and trading. Is there any chance of me getting into a trading company like Futures First or into Investment Banking without having to do an MBA or a CFA? I heard FF trains candidates once they recruit them. How good aare my chances at that and how should I start to work towards that? Please help me out coz I dont wanna be stuck in thsi IT field, trading and finance is where my heart lies.
Thanks in advance.
I don't think its possible. I was in Accenture myself where I worked for two years in IT and didn't find a single break in finance roles and hence had to leave the co. to study. Its not easy to get into finance. Some I-Banks/KPOs may hire you but you will be put into their operations dept. (back office) where you work with developing/testing the software application on which the bank operates i.e. pure IT work, mostly with Oracle apps. I may be wrong, but in the current situation in India its virtually impossible to enter in core finance (M&A;, PE, Research, Asset Management, Trading, Compliance) without an MBA/MS (Finance) or a super-specialized PGD in Finance. CFA is good but it doesn't add value untill you actually get the charter or do have relevant work-ex in banking.
BL
But trading doesn't require (mostly) any strong financial background.. All it needs is good aptitude and sharpness with numbers.. what say? 😃
vamsijkrishna SaysBut trading doesn't require (mostly) any strong financial background.. All it needs is good aptitude and sharpness with numbers.. what say? :)
:) True, but the real question is, will you be satisfied with a career as a dealer since all you just need is good aptitude and sharpness with numbers? Visit a brokerage firm to get a clear picture and then decide. All the best, bro. Cheers
Hey bro... I never said that's what I'm gonna do rest of my life 😃 I'm just iterested in it. I have multiple careers here. 😃 Cheers!
I don't think its possible. I was in Accenture myself where I worked for two years in IT and didn't find a single break in finance roles and hence had to leave the co. to study. Its not easy to get into finance. Some I-Banks/KPOs may hire you but you will be put into their operations dept. (back office) where you work with developing/testing the software application on which the bank operates i.e. pure IT work, mostly with Oracle apps. I may be wrong, but in the current situation in India its virtually impossible to enter in core finance (M&A;, PE, Research, Asset Management, Trading, Compliance) without an MBA/MS (Finance) or a super-specialized PGD in Finance. CFA is good but it doesn't add value untill you actually get the charter or do have relevant work-ex in banking.
BL
Can you Please tell me : does ICWAI enhances possibility of getting into investment research & trading or treasury for a common software developer .
vamsijkrishna SaysBut trading doesn't require (mostly) any strong financial background.. All it needs is good aptitude and sharpness with numbers.. what say? :)
You'l need more than just numbers to be a trader.
Emerging Markets Trading - Questions | WallStreetOasis.com
Hii
I have completed MBA-Financial studies from University of Glasgow in 2009. I tried for some jobs,could not be success in those days. then, I thought of trading in financial market, & have been trading from 2010 in financial market, gained some significant level of technical expertize.
Now, I am going to some kind of depression that, " being a MBA graduate from such a top business school, I am sitting at home and doing only intra-day trading, I ask myself, is it worth doing it, am I in right track"
my feeling is usually MBAs sit in big corporate companies and direct the business, but " what I am doing?....just trading at home "
Please share your views, suggest me what to do next, how can I enter into corporate again, I may be try for investment banking companies, in that case, how should I be prepared, what question may arise in recruiters mind(since doing trading at home), how to tackle them?...
thank you all in advance, I am eagerly waiting for your replies.
Best regards
viki_007 SaysCan you Please tell me : does ICWAI enhances possibility of getting into investment research & trading or treasury for a common software developer .
There is no straightforward Yes or No answer to your question.
Please note accountancy and finance roles are very very different. An accountant can not aspire (but can hope of course) to become a banker. An accountant can be an auditor, a tax accountant and insurance analyst. So an accountant dream job can be at companies like Ernst & Young, Price Waterhouse Coopers, KPMG etc. All these companies are professional firms (or financial advisory as known popularly in the UK) but NOT banks so there is very little scope of research roles and zero chances of trading & treasury roles.
Having said that, your future will change dramatically after you qualify as a qualified cost accountant post completion of your 3 years mandatory training at a sponsoring organisation. You might find a cozy & high paying job at commercial companies like Standard Chartered, SBI etc. I have a friend who completed ICWAI and now works at the IDBI bank. When you become senior you can easily get job in a variety of industries since everybody needs an accountant!
Big I-Banks like BarCap, Goldman Sachs, JP Morgan, UBS etc may hire a chartered accountant for back office roles but I am not sure about what chances a cost accountant has. Boutique asset management companies like Investec, Lazard etc. never hire an accountant for any role in their companies.
I am not saying that a career in an I-Bank is impossible for an ICWAI but is very very difficult. An aspiring I-Banker needs knowledge of asset pricing, derivatives, commodities, behavioural finance, merchant banking etc.. Are any of those forms a part of the ICWAI syllabus? The answer is "no!" so why should the Banks/KPOs hire someone who doesn't know the stuff?! The reason why accountants are not favoured in I-Banks is due to the fact that whatever accounting knowledge is required in an i-banks are generally done by the bankers since analysis of financial statements (also known as valuation) forms an integral part of CFA and CFP syllabus so every banker knows it. An account is hired only when there is a need to sign off documents which needs the purview of a licensed accountant, so hiring an accountant is more of a compliance rather than functional!
Study for CFA or CFP or join a business school (MBA/PGD/MS/MSc in Finance) to get in a role of research or treasury. As for trading, you need to decide what kind of trader you want to be. If you want trade in equities/derivatives, you should get the NSE Certificates and companies like IndiaBulls will be happy to employ you. But if you wish to become a commodities trader you need industry experience like real estate, petroleum, metals etc. Commodity trading companies like Trafiguara are generally very demanding and will not employ you unless you worked in the sector. You may decide to do the MCX Certified trading programme in order familiarise with the Indian commodity market.
Hope this helps.
BL
Hii
I have completed MBA-Financial studies from University of Glasgow in 2009. I tried for some jobs,could not be success in those days. then, I thought of trading in financial market, & have been trading from 2010 in financial market, gained some significant level of technical expertize.
Now, I am going to some kind of depression that, " being a MBA graduate from such a top business school, I am sitting at home and doing only intra-day trading, I ask myself, is it worth doing it, am I in right track"
my feeling is usually MBAs sit in big corporate companies and direct the business, but " what I am doing?....just trading at home "
Please share your views, suggest me what to do next, how can I enter into corporate again, I may be try for investment banking companies, in that case, how should I be prepared, what question may arise in recruiters mind(since doing trading at home), how to tackle them?...
thank you all in advance, I am eagerly waiting for your replies.
Best regards
Option 1:
Arm yourself with NCFM Certificates (preferably capital market, equity derivatives and derivative dealers) and apply to brokerages like Edelweiss, SMC, Geojit BNP Paribas, Angel Brokering etc for jobs. Be aggressive and instead of shooting CVs online, go their office and ask to see an HR and try to impress him/her with you knowledge. Also show inclination to pursue CFP in future upon getting hired.
Risk - as on 16th June '11, ET says that brokerage firms have hit a major slowdown and slowed down hiring.
Option 2:
Enrol in an one-year PGP or PGD course in finance which have started sprouting everywhere like mushrooms. Such courses are not regulated by AICTE/UGC so you will easily get an admit. Most of such courses are priced below 3 lks so its not a heavy investment as you did at the Glasgow Uni. After taking admission, showcase yourself as a regular Uni student and apply to Graduate finance opportunities in both India & UK (since you are eligible for a sponsored visa in UK) in big finance companies like Blackstone, Lloyd's, Ameriprise etc. for any function you are comfortable with.
Risk - Ask yourself -- "can I continue to study again for one full year, and that too with guys who are younger to me by around 3-4 years"?
Option 3:
Take up any job that asks for an MBA. You can find plenty of such jobs on naukri. After getting such a job, enrol in CFA and study hard. After clearing L2 apply to I-Banks, KPOs and Consultancies.
Risk - Global pass rate of CFA is below 50%. enough said!
Hope this helps.
BL
Thanks for your valuable useful reply.
There is no straightforward Yes or No answer to your question.
Please note accountancy and finance roles are very very different. An accountant can not aspire (but can hope of course) to become a banker. An accountant can be an auditor, a tax accountant and insurance analyst. So an accountant dream job can be at companies like Ernst & Young, Price Waterhouse Coopers, KPMG etc. All these companies are professional firms (or financial advisory as known popularly in the UK) but NOT banks so there is very little scope of research roles and zero chances of trading & treasury roles.
Having said that, your future will change dramatically after you qualify as a qualified cost accountant post completion of your 3 years mandatory training at a sponsoring organisation. You might find a cozy & high paying job at commercial companies like Standard Chartered, SBI etc. I have a friend who completed ICWAI and now works at the IDBI bank. When you become senior you can easily get job in a variety of industries since everybody needs an accountant!
Big I-Banks like BarCap, Goldman Sachs, JP Morgan, UBS etc may hire a chartered accountant for back office roles but I am not sure about what chances a cost accountant has. Boutique asset management companies like Investec, Lazard etc. never hire an accountant for any role in their companies.
I am not saying that a career in an I-Bank is impossible for an ICWAI but is very very difficult. An aspiring I-Banker needs knowledge of asset pricing, derivatives, commodities, behavioural finance, merchant banking etc.. Are any of those forms a part of the ICWAI syllabus? The answer is "no!" so why should the Banks/KPOs hire someone who doesn't know the stuff?! The reason why accountants are not favoured in I-Banks is due to the fact that whatever accounting knowledge is required in an i-banks are generally done by the bankers since analysis of financial statements (also known as valuation) forms an integral part of CFA and CFP syllabus so every banker knows it. An account is hired only when there is a need to sign off documents which needs the purview of a licensed accountant, so hiring an accountant is more of a compliance rather than functional!
Study for CFA or CFP or join a business school (MBA/PGD/MS/MSc in Finance) to get in a role of research or treasury. As for trading, you need to decide what kind of trader you want to be. If you want trade in equities/derivatives, you should get the NSE Certificates and companies like IndiaBulls will be happy to employ you. But if you wish to become a commodities trader you need industry experience like real estate, petroleum, metals etc. Commodity trading companies like Trafiguara are generally very demanding and will not employ you unless you worked in the sector. You may decide to do the MCX Certified trading programme in order familiarise with the Indian commodity market.
Hope this helps.
BL
At the bolded section: LOOOOOOOOL. What are you talking about dude? I'm working in an M&A; group (not at an i-bank but at a company in corp dev) and you need to know NONE of that stuff. I'd actually argue that accounting is more important so that you can more accurately create pro forma income statements/balance sheets. I think you're confusing banker with trader, because bankers only need to know basic 4 function math and a little bit of options (very basic, like in vs out of the money) for treasury methods. Lol at thinking some Art History major from Yale working at GS TMT knows anything about exotic derivatives or commodities trading.
Honestly, how many of you guys even know what a banker (talking M&A;/corp fin advisory) even know what they do? Statements like these make me laugh and wonder if a lot of people are doing it just because they know it's a lucrative job lmao.
Given the state of our current financial eco-system, i wonder why people actually want to get into finance. Those fat paychecks are few and far between . Finance jobs ( front office i- banking / management consulting/ investment research) still have that tag of working for 2-5 yrs , making alot of money and then deciding to go down the entrepreneurship path or stay and be MD/ VP/ head of group, but these days its entirely different compared to the 80's , early 90's or between 2003-2007.
This current generation is really lost as to what they really like and want to do with their careers, although few already figured out what to do.
Basically if you want to be successful in finance/ banking / trading / investing you have to totally like what you are doing 24/7 * 365 days and know ALOT.
BTW: There's an interesting run- up in the tech space with IPO's & M&A; activity. Feels like another tech Boom/ bust.