Hi what s your basic qualifications. are u doing a job or not. if yes ,what s ur profile. under CFA u had pay rs 4000 or 8000 for placement or internship
in ur views , i had done MBA from symbiosis in finance. can i join CFA ? or any oth course related to finance pls tell . CA,CS s benrficial for me or not ?
pls give me a right opinion.
dude... dis course well known in india n in other countries also except usa n canada ,one of my cousin had done course nw he is in mumbai gettin 4lac per ann. You shld join dis this course it got broad prospects,i m also goin 2 appear 4 mi 1st group alpha in january...
hi guys! time and again i have reiterated that doing just CFA (4 groups) will not help at all in saecuring a good and a growing career. rather, students should consider finishing MS finance. MS holds a good reputation in the market. and, starting MFA(or giving cfa after 4 groups) was a big blunder made by ICFAI. CFA has to be earned not just given away. one should aspire to be a demand and not a supply. being a MS, you would be a demand, and in my opinon, after the amendments, CFA is just a supply. so work hard and get what you deserve.
Amber
Hi Amber...
would you please tell me what do you mean by "MS"...is it MS(Finance)from ICFAI or doing a masters degree in any relevant subject? In my case, I have already completed Masters degree in MacroEconomics and Finance, with above 60% marks in both my graduation and Masters degree, from University of Calcutta. Now, I have also completed upto DELTA, i.e. CFA, and appearing in EPSILON in Jan,08.
Do you think it is , or it is not, sufficient to get a good job in a responsible position(other than KPO)? If so, do you have any idea what kind of job I can get at present? Or, should I wait for another 1&1/2 years to complete MS(Finance)? What would be your suggestion ?
Any take from anybody else...?? I would be happy hearing your opinion.
would you please tell me what do you mean by "MS"...is it MS(Finance)from ICFAI or doing a masters degree in any relevant subject? In my case, I have already completed Masters degree in MacroEconomics and Finance, with above 60% marks in both my graduation and Masters degree, from University of Calcutta. Now, I have also completed upto DELTA, i.e. CFA, and appearing in EPSILON in Jan,08.
Do you think it is , or it is not, sufficient to get a good job in a responsible position(other than KPO)? If so, do you have any idea what kind of job I can get at present? Or, should I wait for another 1&1/2 years to complete MS(Finance)? What would be your suggestion ?
Any take from anybody else...?? I would be happy hearing your opinion.
Hi! With MS i meant ofcourse MS finance. i completed MS Finance in Jan07. i was the university topper in my Masters in Economics. i also, did Mphil in Eco. and i am working as investment analyst in a so called KPO i.e., Evaluserve. guys people have wrong perceptions about KPOs. yes, it is an outsourcing business, but remember, I-banks and other establishements are outsourcing the work that was earlier done by their own analysts previously. so, what matters is the kind of work you are doing. in a KPO, 80 percent of the work yo do is absolutely unsatisfying. but i came here for the remaining 20 percent. now i am into fixed income modeling and analysis. and we dont update models here. we generate them. dont forget, it is very difficult to get a variety of experience in the beginning of your career. and, i consider myself lucky enough to have been involved in a wide variety of projects involving modeling, statistical analysis, equity research and analysis. and, i have also seen people moving to consulting and i-banks on a hefty pacakages. so, you should not limit ure opportunities. you have a pretty good academic background. so, in my opinion, finish MS and then, go for a job as it would be very difficult to finish level 2 and 3 while pursuing a job. i hope you find this useful!
CFA does not teach how to use bloomberg/factiva/hoovers/thomson financials/other financial databases, comparables, precedent transactions, how to write research reports, spreadsheet modelling, DCF/LBO modelling. One needs to put an extra effort to learn these skills (through internet) and put best foot forward during interviews.
Hi Babu,
I have just cleared gp A of CFA. Could you please tell me where (on the internet) I can find resources to learn all the above skills and more. I also believe, like you and Tumtum, that it does not matter what you do, what matters is how you do it! I am going to make CFA work for me even if there are any doubts to its credibility/usefulness etc..Please help me learn all the skills that I can learn independently, and that are considered important or are used by the good investment firms.
I have been uploading some reports on the Equities Thread.
Thought would upload some here as presumably this is what most who are perusing the CFA course would endeavour.
One of the Analyst's in this Lb's report is from IIM-C. The LB report seemsn a little shabby which is no comment on its content quality.
And in my Experience I've noticed the worst reports are made by Goldman Sach's and HSBCs and the so called FII's barring Merril Lynch and Citigroup. The term Worst here would express quality of accurate forecasting and reasons presented for the 'BUY/SELL Calls"
The best Reports are made by some local brokerage house in terms of their accuracy of calls like SSKI and Motilal Oswal. And for those who would laugh at the opportunity of working or aspiring to work for them remember their reports are the best in the business be it in their analysis or accuracy.
CLSA is would be easily be among the best in terms of its accuracy but its always put an underperform rating on L&T;!!! And the stock has kept beating their estimates and price targets consistenty. Maybe its too good a co. to get it right!
hi Everyone,I am perplexed, I am following this thread for quite a long time, As a science graduate, my interest grew in finance: when I was doing my PGDM(Marketing/HR), So I thought of doing MS(finance) as recommended by ICFAI as they mention that I will get detail idea of finance. Well then someone else recommended that I should do MS (accounting). In this regard, I have following question.1. Could anyone please tell me, which is better MS(finance) or MS(accounting) 2. Is these above courses recognised by AICTE, as claimed by ICFAI.I would appreciate, If someone could provide me with the right information.Thanks in advanceRegardsANU
CFA does not teach how to use bloomberg/factiva/hoovers/thomson financials/other financial databases, comparables, precedent transactions, how to write research reports, spreadsheet modelling, DCF/LBO modelling. One needs to put an extra effort to learn these skills (through internet) and put best foot forward during interviews.
1. Babu, what you say is very much true, one learns all the things that you mention on-the-job and from what you learn through the internet/ intitiatives.
However, it is also true that employers in India do prefer CAs/MBAs when it comes to jobs involving Investment Research. I don't know why qualified CFAs/MS Fin grads from ICFAI are treated like B-Class citizens?
A CA is suppose to be expert in Accounts/Tax/Audit subjects (and some knowledge on FM), while a CFA is specifically trained for IR(including risk management), yet CAs are probably the preferred choice of employers. This is really frustating. Is this employer ignorance or is it something else, i dont know.
2. With ICFAI- MS Finance grads already subject to the above discrimination, there is yet another challange for an ICFAI_CFA grad. Now that clearing the 4th group-Delta gives you the CFA charter (instead of the earlier 9 groups) my guess is that the charter's value would further degrade. How can you expect an employer to respect someone who cleared only 4 groups when he never respected a persone who aready has cleared 9 groups (Vs a CA).
I am doing Delta and intend to persue MS Fin. Thankfully i have also done my MBA and working with an IR firm, so probably for me the stakes are not as high as a fresher with only a CFA degree, other things being equal.
One thing that i want to share with you that i have understood in my 18 months job experience is that your promotion/pay hikes are directly related to your KNOWLEDGE and how you keep the CLIENTS happy.
I need your help in making a decision regarding what to opt for - CFA or MS Finance, since the CFA from US has been banned from operating in India
I have done my MBA finance and want to pursue a course which could help me in getting into investment banking field. I currently have a 2 years of work experiece in financial analysis. My long term(3 years) career prospects are to move to US.
Guys, I went through most of the pages of this thread. Have some doubts. As i can see from ICFAI tripura website CFA program has six groups A-F and MS(fin) has 9 groups (Alpha,Beta,....Sigma). Also many subjects are common. From all the pages of the thead i guess MS(fin) is more widely accepted than CFA(since MS has all the papers of CFA and many more.. ). Am i right?
Is there any possibility of getting job after clearing say, four groups in MS(fin) or should we complete all including sigma before entering job?
hi guys. I am a final year engineering student. I ve decided to pursue CFA (Icfai). According to the online brochure one has an option to take classes for the same. Can someone tell how much is the role of classroom coaching in the CFA course and are they worth spending extra money on? Neone attending classes in Delhi? thnx.
hi guys. I am a final year engineering student. I ve decided to pursue CFA (Icfai). According to the online brochure one has an option to take classes for the same. Can someone tell how much is the role of classroom coaching in the CFA course and are they worth spending extra money on? Neone attending classes in Delhi? thnx.
Hi I am also pursuing CFA from ICFAI ,having attended all training classes of DBF , I want to let you know that you should decide on training class keeping in mind of these points. 1. Around 1.5 months of training on these vast subject is highly insufficient , though they give a good introduction of the subject , as you have no prior academic study decide if you can understand all subjects in a peiod of 1.5 to 2 months before exams. 2. You havent mentioned your work timings or are you a full time student so you have to schedule your timings and hours of study that you can put in. 3.Financial conditions as these fees are around 3000 per subject. 4.If you already have a Indian CFA student group that you have networked with quiries or sharing of information, and have networked with a Indian CFA or senior who could be a mentor. 5.The teachers not doubt are well qualified you could have a network with them as well as CFA students. 6. Last but not the least its only your hardwork and practice , trainings and books are only a guide you have to be a stallion to drink water not just getting to the pond. dont rely only on the classes for your exams.(hard work dedication is indispensible). ALL THE BEST DO WELL IN EXAMS . Hope i have reached you on time.
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