any one had previous paper for alpha level please mail me at [email protected]
Hi All,
I am posting for the first time in this thread...i was going through the thread & found it to be very helpful.
Can anyone of you help me in taking up a career in Fin. I am planning to pusue CFA from ICFAI.
Coming to my background, I am an IT graduate (B.I.T.) passed in 2003. Since then I am working with a BPO, tech projects. Presently working as an assist manager in of of the US projects. I am looking for a stable career in Fin; I like reading abt fin markets & interested to pursue a course in the same.
Would doing a part-time MBA in Fin or CFA be of gr88 help me for a change from my present field?
Thanks & Besh Wishes
Hi All,
I am posting for the first time in this thread...i was going through the thread & found it to be very helpful.
Can anyone of you help me in taking up a career in Fin. I am planning to pusue CFA from ICFAI.
Coming to my background, I am an IT graduate (B.I.T.) passed in 2003. Since then I am working with a BPO, tech projects. Presently working as an assist manager in of of the US projects. I am looking for a stable career in Fin; I like reading abt fin markets & interested to pursue a course in the same.
Would doing a part-time MBA in Fin or CFA be of gr88 help me for a change from my present field?
Thanks & Besh Wishes
Neha, why you want to change from BPO operations to finance? You are changing your domain expertise and you have to start as a fresher after doing CFA or MBA finance. Nothing bad, but as far as compensation is concerned at an entry level position as an analyst in a knowledge outsourcing sector or domestic brokerage is nothing to boast of. You might have to accept a pay cut. I have worked in BPO operations for 2 years and i have a broad idea of AM package. Brokerage houses like indiabulls, 5 paisa might hire you as an analyst after CFA/MBA fin but they are not going to pay you lot of money simply because they earn in rupees and spend in rupees. BPO/KPO earns in dollars and conduct operations in rupees- Hence a pure arbitrage and better salaries, great offices , food and transport.
You are part of a revolution- Offshore outsourcing. It will change the way services are delivered globally. 0.5 million shortage of BPO professionals is predicted by NASSCOM by 2010. It is a ocean of opportunties- You want to leave it behind, accept a pay cut, start at an entry level as a fresher again in finance field, take atleast 1 year to learn financial concept on the job and then rise in career- Just because you like reading about financial markets. I am glad you like finance field. This way you can park your wealth in sound high yielding financial instruments like MF, shares, IPO rather then silly 8% bank deposit. However, think again- There is no need to change your 'domain expertise'. You are a skilled professional in managing large scale technology projects (Voice/Non Voice) for US based companies delivering substantial cost saving using global delivery services model- Thats what you do. You will not get such fantastic leadership opportunity in finance. You might have to be analyst/sr analyst for whole life. 4 months ago, BT reported it top indian analyst. I was amazed to see their ages. Most of them were 35-45 year old smart guys (gals too) working as an analyst/Sr analyst for so many years in top brokerages. Nothing bad in this profession too but in your case, you are divorcing your old expertise and trying to marry a new skill.
Now coming to realities. I used the word 'try'. I know you must be doing night shifts, stress hours meeting targets, motivating team- Normal 9-12 hour work day schedule. CFA is a very demanding course. It is not easy at all. It need dedicated 15-18 hours a week. It might be difficult for you. Professionals are stuck not because they are bad in finance just because they dont have time. I dont know how much time MBA finance needs but you should go for MBA operations if you agree with me that you should not change your domain expertise.
Now, if you agree with me that BPO is good field except night shifts (Job is stable. I see you as a manager- operations by 2009/2010 handling large diverse workforce reporting directly to AVP- operations. Cost saving will be there for the next 45 years- Hewitt report. by that time, you will be 70 and retired and enjoying with your old hubby :satisfie: . As i said before, offshore outsourcing is not an industry. It is a revolution of 21 st century), you should gor for PMI. My friends who were AM/TL did PMI certification and in the next IJP, they were all promoted to the next leadership position. With your job, you can manage it and it will add vibrancy in your CV. IT graduate from DU (I guess) + AM + PMI- Go for an IJP or change the companies for the next growth position. What a career for a girl beating all poor boys who are still taking tech support calls !
When i was reading your post, i said to god- Make me neha and AM in fast growing BPO sector. Keep reading financial magazines, invest in shares, enjoy profits but please dont change your domain experise 😃
Thank you so much for your motivational thoughts...
I would definately give it a thought...! Infact need some time to think over it...
I am also planning to go for PMI Certi...let see how it goes...!
Good Wishes & Thanks again...
BaBu SaysNeha, why you want to change from BPO operations to finance? You are changing your domain expertise and you have to start as a fresher after doing CFA or MBA finance. :)
Babu, that sounds interesting coz you are doing the same thing ie changing over to finance (trying your hand at becoming an analyst) from your BPO profile (you mentioned that you worked 2 yrs in a BPO) but you are advising Neha against it? Was just curious to know the reason for doing so!
Are you now feeling bad that you are no longer the part of the "21st Century Revolution" as you so term it or are finding lower pay checks in Indian brokerage houses depressing?
Just let me know your take on it since you have said two diametrically opposite things in the same thread !
Regards,
Tumtum.
PS Junta: I am attaching an older BRICS report. Though it is old, it will nevertheless give you a lot of gyan on these economies and how they are poised for future growth. Hope you like it ! Read it once atleast guys ! All the best !
Babu, that sounds interesting coz you are doing the same thing ie changing over to finance (trying your hand at becoming an analyst) from your BPO profile (you mentioned that you worked 2 yrs in a BPO) but you are advising Neha against it? Was just curious to know the reason for doing so!
Are you now feeling bad that you are no longer the part of the "21st Century Revolution" as you so term it or are finding lower pay checks in Indian brokerage houses depressing?
Just let me know your take on it since you have said two diametrically opposite things in the same thread !
Regards,
Tumtum.
PS Junta: I am attaching an older BRICS report. Though it is old, it will nevertheless give you a lot of gyan on these economies and how they are poised for future growth. Hope you like it ! Read it once atleast guys ! All the best !
Tumtum, you give good advices/suggestions and ask good questions too !
Unfortunately, i was working in voice based process in BPO operations. The process required me to provide customer service and upselling. I tried for promotion 3 times but somehow missed it. The company was deriving 83% revenue from voice based services and 17% revenue from non voice based services. Non voice based process were mainly in pune and chennai. So there was no chance i could have shifted to non voice process. Voice based process have a higher burnout rate. The only problem i had was taking calls and that too after 2 years. If i would have been a TL, i have no problem. As a TL, i need to take limited supervisor calls and motivate and lead a team to adhere to clients SLA.
Coming to your main question, i am using CFA as an entry level qualification to migrate to knowledge services. My home will remain same- Offshore outsourcing, only bedroom will change- From voice based to knowledge based services. Over a medium term, i am looking at a project management role in investment research. I am making a transition from one process to another process using CFA as a training tool.
Technology sourcing- Business sourcing (Voice/Non voice)- Knowledge sourcing- All belonging to one same family- Export of services, but the process and domain expertise is altogether different. In my case, i was a caller, failed to get promotions and could not handle voice based work. So i thought to persue CFA and go for investment research outsourcing. In Neha case, she is already AM and not taking calls. She is managing a team and after CFA she has to start again in operations- Doing number crunching, making reports, financial models etc.Even if she starts in KPO, family will be same- Export of services, process will be different- Tech manager role to finance operations. Salary is a very important issue for neha. You will agree with me companies pay higher salary for relevant experience. AM-Tech outsourcing to finance is a new field. She will start at higher salary as compared to fresh analyst as she has work experience but i am very sure she will not be able to match her AM salary.
You once said, work in KPO will be more of cut + copy + paste and updating financial models. I fully agree with you. I also beleieve KPO will never give an opportunity to become a full fledge mature analyst. I still feel it will be much better then taking calls. Atleast no customer abuses !:)
I am little bit sad that i am missing outsourcing action. But i will maintain my view that this century will be century of outsourcing- Both onshore and offshore. Multiple business and knowledge process will spin off from parent companies and using global services model in flat world, the services will be delivered from low cost offshore base + near onshore base directly supervised by onsite sourcing managers.
My advice to neha was based on her role as an AM. My role was a caller in low value added voice based work which a 12th pass can handle. Your next question will be: Why i didnt shifted to non voice based work in any other BPO set up? The other non voice based work which matched my qualification will be F&A; outsourcing. Before starting CFA, i realised F&A; will be non voice, so no customer abuses but still it will involve routine transaction based services very different from knowledge services. So i am giving it a try that if i clear till kappa, i should try to get in the knowledge services.
All in all, i was driving a maruti 800 before (voice based simple customer service). This time i want to drive ford ikon (Knowledge based investment research). I will be driving a car, however as i again emphasise different car but under the same family: car driver.
Hey I came to know one strange thing recently Basically my brother is in london working in a bank Last night in a chat he reveled that their Bank has refused all resumes having CFA(AIMR).As companies not wish to find themselves in a political mess .really strange
Have you read today's Times of India.
There has been an ad displayed on the first page by The ICFAI University, Tripura, saying that the CFA Program is being awarded as per law and that they are offering MFA (Master in Financial Analysis) along with CFA. It is very confusing. Nothing has been put on the Official Website.
What will happen to the MS(Finance) Degree.
Have you read today's Times of India.
There has been an ad displayed on the first page by The ICFAI University, Tripura, saying that the CFA Program is being awarded as per law and that they are offering MFA (Master in Financial Analysis) along with CFA. It is very confusing. Nothing has been put on the Official Website.
What will happen to the MS(Finance) Degree.
Brother ketan just don't bother basically now CFA is awarded by icfai after alpha,beta,gamma,and some 3 other subjects.But the main point is MS finance is trully legal and can be used anywhere so tension mat lo . now tell howzz prepration going on .hey man are u registered for classes .actually classes are good faculty is quite experienced and good they mainly focus on concepts so workbook numericals can be solved easily.really time saving
New CFA is launched through ICFAI, Tripura. Perfect legal way to launch CFA. CFA AIMR needs to challenge state legislature now.
It is short CFA course- 12 -18 months. Main focussed on investment research just like CIIA. Only 6 groups.
Hi all,
I am currently into the final stage of my Third Year Bcom after which i've planned to pursue the CFA course by ICFAI.
Things have been very Confusing for me.
I reside in Mumbai and there are many ICFAI Branches (as u,my fellow mumbai'ites, might be knowing).
I've paid a visit to one of them, i was told about the 360 Degree Flexible Learning System and the examinations held every 4 months blah blah blah.During my conversation with one of their Coucillors, i raised a site for concern viz "Distance Education"
The 360 Degree program is a distance education program and based on Self Study. He did quote that after attaining the CFA charter or the MS in Finance, nowhere in the certificate would there be anything mentioned about the Medium of Completion - viz Full Time or Distance Edu.
This gave me some relief.
Later...
Following 2 Areas of Concern sprung up:
1.) A classmate told me that the ICFAI thing is not recognised by the hyderabad univ.
It seems, to get the Charter you are supposed to apply seperately for membership.
2.) There is an Entrance Test for admission into the CFA Program? (The Councillor at the ICFAI branch was ready to admit me immediately on payment of the Specified Fees)
Could somebody bring More Clarity to this?
I'm very concerned and at the same time confused!
I am currently into the final stage of my Third Year Bcom after which i've planned to pursue the CFA course by ICFAI.
Things have been very Confusing for me.
I reside in Mumbai and there are many ICFAI Branches (as u,my fellow mumbai'ites, might be knowing).
I've paid a visit to one of them, i was told about the 360 Degree Flexible Learning System and the examinations held every 4 months blah blah blah.During my conversation with one of their Coucillors, i raised a site for concern viz "Distance Education"
The 360 Degree program is a distance education program and based on Self Study. He did quote that after attaining the CFA charter or the MS in Finance, nowhere in the certificate would there be anything mentioned about the Medium of Completion - viz Full Time or Distance Edu.
This gave me some relief.
Later...
Following 2 Areas of Concern sprung up:
1.) A classmate told me that the ICFAI thing is not recognised by the hyderabad univ.
It seems, to get the Charter you are supposed to apply seperately for membership.
2.) There is an Entrance Test for admission into the CFA Program? (The Councillor at the ICFAI branch was ready to admit me immediately on payment of the Specified Fees)
Could somebody bring More Clarity to this?
I'm very concerned and at the same time confused!
Hi all,
I am currently into the final stage of my Third Year Bcom after which i've planned to pursue the CFA course by ICFAI.
Things have been very Confusing for me.
I reside in Mumbai and there are many ICFAI Branches (as u,my fellow mumbai'ites, might be knowing).
I've paid a visit to one of them, i was told about the 360 Degree Flexible Learning System and the examinations held every 4 months blah blah blah.During my conversation with one of their Coucillors, i raised a site for concern viz "Distance Education"
The 360 Degree program is a distance education program and based on Self Study. He did quote that after attaining the CFA charter or the MS in Finance, nowhere in the certificate would there be anything mentioned about the Medium of Completion - viz Full Time or Distance Edu.
This gave me some relief.
Later...
Following 2 Areas of Concern sprung up:
1.) A classmate told me that the ICFAI thing is not recognised by the hyderabad univ.
It seems, to get the Charter you are supposed to apply seperately for membership.
2.) There is an Entrance Test for admission into the CFA Program? (The Councillor at the ICFAI branch was ready to admit me immediately on payment of the Specified Fees)
Could somebody bring More Clarity to this?
I'm very concerned and at the same time confused!
dear don't get anxious myself also pursuing MS finance this course is quite good and holds good recognition.There is no entrence exam for this course as this is correspondence one.Just relax and concentrate on your studies this course is very-very demanding :grab: requires a lot of maturity.You can also consult some other members of this thread who are on higher ladder in this course (Tumtum,babu,ketan etc)
I talked to ICFAI on this issue and they have made it clear that the advertisement is for a separate CFA program run by the ICFAI University- Tripura whereas the current program leading to MS (Finance) is being run by ICFAI Hyderabad and CFA Charter is awarded by CCFA India.
So now there is clarity on the issue.
ICFAI Tripura = MFA + CFA award.
ICFAI Hyderabad & CCFA = MS (Finance) + CFA.
Register accordingly!
Regards
So now there is clarity on the issue.
ICFAI Tripura = MFA + CFA award.
ICFAI Hyderabad & CCFA = MS (Finance) + CFA.
Register accordingly!
Regards
Hi TUMTUM
I am refering to ICFAI(MS) + CFA only.
Does it need any Entrance exam?
I talked to ICFAI on this issue and they have made it clear that the advertisement is for a separate CFA program run by the ICFAI University- Tripura whereas the current program leading to MS (Finance) is being run by ICFAI Hyderabad and CFA Charter is awarded by CCFA India.
So now there is clarity on the issue.
ICFAI Tripura = MFA + CFA award.
ICFAI Hyderabad & CCFA = MS (Finance) + CFA.
Register accordingly!
Regards
Please tell me about the legal angle.
It was also stated in the ad that the CFA is being legally awarded.
What's that?
It is a good program. I like it. Here are the groups:
Group A: FA, Eco
Group B: QM, FM
Group C: Financial markets, financial statement analysis
Group D: Equity analysys and valuation, fixed income securities: analysis and valuation
Group E: Derivatives: Analysis and valuation
Portfolio management
Group F: Mutual and other funds
Professional ethics and case studies
I always wonder why a CFA needs to study management accounting and taxation as given in group gamma. But then our main course is MS finance leading to CFA charter
The CFA program by tripura is mandated by law. Now, CFA AIMR needs to file a case against state legislature in the courts of agartala challenging a 2004 amendment to tripura state constitution 
hey have everyone read today TOI it's too much CFA has displayed full page add. regarding icfai's CFA and warn companies to make a choice accordingly
hey i think the batlle between icfai and CFAI is getting messy am very concerned being a student of icfai
sudhanshu25 SaysHey I came to know one strange thing recently Basically my brother is in london working in a bank Last night in a chat he reveled that their Bank has refused all resumes having CFA(AIMR).As companies not wish to find themselves in a political mess .really strange
hi i ver concverned about ICFAI , The ntoce by CFAI printed in Economic times and TOI would have a very bad effect on ICFAI.ICFAI should nt have launched ICFAI, tripura.
I am concerned about the the job prospects on completetion of the course.
sudhanshu25 Sayshey have everyone read today TOI it's too much CFA has displayed full page add. regarding icfai's CFA and warn companies to make a choice accordingly
I think it's time ICFAI takes some concrete step.
What I feel bad about is that the CFA is always saying that their course is rigourous and has gold standard. I don't how they can say that. I there is any indpendent study conducted to compare and rate these courses.
These Americans has really made a clever use of GATT. All they wan't is to use trademark as a weapon and reap all the profits in the market. Thank god, they have not created a trademark for MBA also.
They always feel they are superior which I really doubt.
There are people saying CFA(AIMR) is better than CFA(ICFAI). But I feel that the only person who could give a correct opinion is the one who has done both CFA's and that to who is not biased towards the US tag.
I do know that US Market was more developed and mature than ours. But Indian market is not behind. But this does not mean that Indian Investment Institutes will ever be below par.
The Institute in the TOI said that they have their trademark registered in India, which you all know is false.
On thing is very clear "CFA (AIMR) does not wan't competition and since India is a big market and ICFAI being a big threat to them they will alwaystry to defame ICFAI"
I really feel sad that ICFAI (CFA), even after being a good course, is being cornered by everyone.
I sincerely, feel ICFAI sgould give a fitting reply. "May be with a different designation altogether and expanding globally"